Revenue in the VR space isexpected to growto $52.05 billion by 2027.
Clegg predicted social and business meetings would soon be ubiquitous in virtual reality.
However,Meta’s own Horizon Worldsvirtual and social spacehas been pannedby some observers.

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The headset hardware is currently bulky and sometimes tethered to a computer.
Viktor Lindell, an advisor atMetaversePlus, said in an email to Lifewire that immersive computing offers many advantages.
With current technology, users mostly rely on visual cues to understand what is happening on their screens.
“This is because they will be able to use all of their senses to interact with the computer.
For example, they will be able to feel textures and temperature changes.
Lindell predicted immersive computing would soon become increasingly widespread and sophisticated, with more advanced hardware and software capabilities.
He said new technologies to boost immersive computing could include the development of more lightweight and affordable VR/AR headsets.