Virtual reality was the overwhelming trend to watch in consumer tech this year at South by Southwest in Austin, Texas. 

The technology is fairly new, and some of the most anticipated devices, like the Rift from Facebook's (NASDAQ:FB) Oculus, aren't even in consumers' hands yet, but that hasn't prevented the space from exploding in the past year. 

In this video, The Motley Fool's Dylan Lewis and Rex Moore discuss:

  • How some companies are building out immersive VR hardware.
  • How content providers like Discovery (NASDAQ:DISCA) are thinking about VR content.
  • Why so many booths at SXSW were giving away the Cardboard VR sets made by Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL).

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Dylan Lewis owns shares of Alphabet (A shares). Rex Moore owns shares of Alphabet (A and C shares) and Facebook. The Motley Fool owns shares of and recommends Alphabet (A and C shares) and Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.