Why 2022 is the year virtual and augmented reality will come to life
CBSN
Sony, the creator of popular gaming console PlayStation, announced its new virtual reality headset at CES this week as the race to compete in the metaverse, a virtual world of work and play, heats up for tech companies.
The virtual reality and augmented reality markets are expected to grow to nearly $600 billion by 2025, according to industry research, and announcements of new products from big-name companies like Sony, Lenovo, HTC, Panasonic and others at the annual trade show in Las Vegas suggest robust consumer demand for reality-altering products.
Jim Ryan, president and CEO of Sony Interactive Entertainment, said during a presentation at CES that the Sony PlayStation VR2 "will introduce a new generation of VR games that enable players to feel a greater sense of presence and become more immersed within their game worlds once they put on the headset and wield the controllers."
