Global Metaverse Market Will Reach A Whooping $996 bn in 2030
According to GlobalData, a leading data and analytics company, the metaverse market size reached $22.79 billion in 2021. Moreover, the Asia-Pacific and North America together held a 50 percent metaverse market share in 2021. Many companies around the world, including those in non-tech sectors, are even increasingly investing in the technology for:
better engagement with customers brand awareness expansion identification of new revenue streams
Deepak Agarwal, Project Manager at GlobalData stated that: The point worth mentioning here is that various players in the technology sector, including manufacturing semiconductors, components, and application software, are also leveraging the metaverse. According to the report: Companies in these regions focus on Blockchain, machine learning, AR and VR, adtech, payment platforms, enterprise applications, gaming, data governance, and many others. The project manager further stated: Furthermore, the large-scale adoption of next-gen technologies. including AR and VR will accentuate the adoption of metaverse by most of the stakeholders involved. Also Read: Login Credentials Of 1 Mn Facebook Users Leaked – PhoneWorld
