Of all the hype and buzz in the tech world these days, nothing's bigger than virtual reality. At the recent South by Southwest Interactive conference in Austin, Texas, you couldn't turn a corner without being reminded of that fact.
 
But perhaps the best news is that the hype is finally becoming reality -- you can now plunk down your hard-earned cash for Facebook's (NASDAQ:FB) Oculus Rift ($599) and HTC's Vive Pre ($799).
 
While the gaming market is huge, investors are also looking ahead to what VR will mean to the entertainment, real estate, and healthcare sectors. 
 
Our virtual tech reporter Eric Bleeker has all the details in the following video.
 
 
Editor's note: in the video, Eric Bleeker refers to the product in his hand as a Google Glass prototype, it is actually a Google Cardboard. 

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Eric Bleeker, CFA owns shares of Alphabet (A shares) and Facebook. Rex Moore owns shares of Alphabet (A shares), Alphabet (C shares), and Facebook. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (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.