Virtual Reality Named Next Mega Tech Theme by Piper Jaffray

Virtual reality headsets and content will be “the next mega tech theme” and a market worth more than $60 billion in a decade, according to Piper Jaffray Cos.

“The diverse applications of VR in combination with accelerating technological improvements will lead to mainstream adoption over the next 10 years,” Piper Jaffray analysts including Gene Munster and Erinn Murphy wrote in a May report. “Our optimism around the theme is based on consumers’ insatiable appetite for new tech experiences.”