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Virtual and augmented reality set to boom

The virtual and augmented reality industry is set to get a bit of a boost over the next 12 months, with headset and glasses sales expected to grow fivefold to $1.8 billion.

According to research from CCS Insight, sales are expected to exceed 22 million units over the year, while continuing to grow 50% annually over the next five years, taking the market up to $9.9 billion in 2022.

“Virtual reality headsets have been the main source of growth in unit sales to date, and we expect this will continue, particularly headsets that use a smartphone,” said George Jijiashvili of CCS Insight. “However, we expect stand-alone headsets like the Oculus Go and HTC Vive Focus to ignite a new wave of growth that will help broaden the appeal of virtual reality, particularly with businesses and in education.”

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