The Virtual Reality Industry is growing at a slow pace and is expected to grow from a $4.5 billion business in 2018 to $19.0 billion of revenue by 2021. Currently, Sony is leading the VR race with over 2 million units of PlayStation VR sold. Facebook sits just behind with their Oculus VR headsets.
Facebook has massive potential to grow big in the VR landscape from PCs and gaming consoles to make VR mobile. The company has shown how it will display the power of Oculus Go by bringing World Cup games to the platform. Users can watch from the stands or near the goalpost, a perspective that would be impossible without being in VR. The company is also adding MLB, NBA, music, and other content to apps like Oculus Venues and Oculus TV.