5 Things You Can Do With Virtual Reality – Yahoo Finance

Most people expect big things from the market for virtual reality (VR) gear. After all, when Facebook Inc. (FB) paid $2 billion for Oculus Rift in 2014, that pretty much put the stamp of approval on the technology and its future.

Marketing intelligence firm Tractica noted in February that the global market for VR hardware and content totaled just $592.3 million in 2016. The firm expects that total to rise to $9.2 billion by 2020.

There are a couple of hurdles, though. First is price. Facebook just dropped the price of the Oculus headset and Touch motion controllers by a total of $200 to $499 for the headset and $99 for the controller. But that's still pretty steep. There are cheaper VR devices, but Oculus has established itself as the premium player.

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Another issue is connectivity. While many headsets do not require a wired connection to the PC, without such a connection performance suffers. Oculus, for example, not only requires a cable connection to the PC but to get the best VR performance out of the VR gear, you need a souped-up PC.

And once you've spent the money, what can you do with VR? Best Buy Co. Inc. (BBY) offers a list of five applications and experiences you can use right now with your new VR setup:

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5 Things You Can Do With Virtual Reality - Yahoo Finance