At the recent South by Southwest Interactive conference in Austin, Texas, tech reporter Eric Bleeker immersed himself in several VR demonstrations, including a spaceship simulator. It's easy to see why the technology took center stage at the conference -- consumers can now get their hands on the high profile devices.
Facebook's (NASDAQ:FB) Oculus Rift is now available for purchase. For $599 you get the headset, sensor, remote, cables, an Xbox One controller, and the Lucky's Tale game.
The more advanced HTC Vive Pre is also out this week. It's $799, but comes with a lot more equipment. The Pre was developed with Valve Corp., and allows the user to walk around and easily navigate inside a room. CNET calls it "...the closest thing to having a holodeck in your home."
What does it all mean for investors? The implications are immense... $100 billion for the gaming market alone by some estimates.
In the video below, Bleeker explains what he saw at SXSW and what to expect in the future for VR.