Mark Zuckerberg, the founder of Facebook, is quite positive on virtual and augmented reality business. In his F8 developers conference keynote address he said that Facebook was working on completely new sets of social experiences which will be across different VR platforms.
He said that virtual reality is a platform with a lot of potential because you fee like being right there with the other person. However, Zuckerberg predicts that during the next decade, the augmented reality and the virtual reality will merge with each other. He said:
Over the next 10 years, the form factor’s just going to keep on getting smaller and smaller, and eventually we’re going to have what looks like normal-looking glasses that can do both virtual and augmented reality.
The invenctor of Oculus Rift virtual reality headset, which was later acquired by Facebook in 2014, has also predicted that ultimately the virtual reality and augmented reality headsets will merge to form a single hardware which people will wear like normal everyday glasses.