The metaverse is a new reality that is evolving and growing at an incredible rate. The global metaverse market size was $47.48 Bn in 2022 and is predicted to grow to $678.52 Bn by 2030, at a CAGR of 39.44% from 2022 to 2030. Major factors expected to drive the revenue growth include a growing focus on integrating digital and physical worlds using the Internet, increasing momentum and popularity of Mixed Reality (MR), Augmented Reality (AR), and Virtual Reality (VR), and the outbreak of COVID-19, as well as the situation’s subsequent developments and outcomes.
Metaverse is identified as the future world created by humans. It is an immersive digital reality where humans interact with digital objects, places, and people. The metaverse platform combines the real and digital worlds, offering users an immersive and personalized experience.
The metaverse market comprises software and services that enable users to access and interact with the digital world. The accelerated growth of the metaverse market indicated multiple changes in key areas of application and business purposes. We hope that this in-depth report on the global metaverse market will help you identify business opportunities in the market and helps you tap into the same by growing your business.