Of all the hype and buzz in the tech world these days, nothing's bigger than virtual reality. At the recent South by Southwest Interactive conference in Austin, Texas, you couldn't turn a corner without being reminded of that fact.

Facebook's NASDAQ:FB) HTC's Vive Pre ($799). But perhaps the best news is that the hype is finally becoming reality -- you can now plunk down your hard-earned cash for'sOculus Rift ($599) andVive Pre ($799).

While the gaming market is huge, investors are also looking ahead to what VR will mean to the entertainment, real estate, and healthcare sectors.

Our virtual tech reporter Eric Bleeker has all the details in the following video.

Editor's note: in the video, Eric Bleeker refers to the product in his hand as a Google Glass prototype, it is actually a Google Cardboard.