Virtual Reality goggles have been out for a while. Using the science behind a gyroscope and 360-degree video rendering method, people have created videos, movies, and even games which give off the illusion of virtual reality. So far, the biggest competitors in the list were the Samsung Oculus Rift and the HTC Vive.

Playstation took quite a long time to even enter the market, they were the slowest out of all their competitors. In basic rules of business at this point, if a company does try to enter the market, they are somewhat bound to fail. However, that was certainly not the case when it came to the Sony Playstation VR goggles.

VG 24/7 reports that Sony has now officially taken over 30% of the entire market share of companies relating themselves to VR technology. The oculus rift now ranks second with 11% market share followed by the Vive which only has 6%. That is an outstanding number for Sony considering they just released their VR goggles.

The rest of the market is divided upon numerous other companies who are involved with Virtual Reality. 01Consulting has done a full report regarding the market share. They crunched the numbers came up with various graphs and charts. There are even predictions until 2020 regarding the future of Virtual Reality.

The goggles Sony released are the highest VR technology so far. That can even be seen by simply looking at the goggles. They look like they came right out of some highly rated Science Fiction movie. The device has many features as well.

Because of the core competency of the device combined with Sony's massive reputation, the PlayStation VR was able to overtake all of its competitors combined. In a very short amount of time, it gave Samsung and HTC a run for their money.

This is good for the general consumer because now the other two losing competitors are going to step up their game and make even better VR technology.

Related