Deutsche Bank "Hugely Bullish" On Virtual Reality But Challenges Remain

Virtual reality is becoming more of a reality, as demand is exceeding expectations, a Deutsche Bank report observed. Despite the optimism over the technology’s broader adoption, challenges remain, however, as Facebook and Google most specifically fight in the space along with a deep bench of other notable players. The key to widespread adoption may not be found in hardware, but content development. Virtual reality today is like the smartphone in 2007 The pace of innovation in virtual reality reminds analysts of the smartphone in 2007. The pieces are starting to fall in place, and it might take a few years…