The global Metaverse Market was valued at USD 62.1 Billion in 2021 and it is estimated to be valued over USD 1637.4 Billion by 2030, at a CAGR of over 45.01% during the forecast period from 2022 to 2030., North America was valued USD 19.2 Billion in 2021.
Pune, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Metaverse Market by Vendor Assessment, Technology Assessment, Partner & Customer Ecosystem, type/solution, service, organization size, end-use verticals, and Region – Global Metaverse Market Forecast to 2030, published by Market Data Centre, The Metaverse Market is projected to grow at a solid pace during the forecast period. The presence of key players in the ecosystem has led to a compsetitive and diverse market. The advancement of digital transformation initiatives across multiple industries is expected to drive the worldwide Metaverse Market during the study period.
This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Metaverse Market from 2017-to 2021 and provides extensive market forecasts from 2022-to 2030 by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Metaverse Market.
In recent years, metaverse has become a buzzword for gaming firms, startups, social media and automotive companies. Apparently, metaverse is a concept of parallel virtual world facilitating individuals to mimic as well as extend their physical presence in virtual universe. Furthermore, it has been predicted that metaverse will offer persistent, collaborative, decentralized and interoperable avenues to firms, thereby assisting them in expanding their digital business. Reportedly, metaverse has ability to create an autonomous virtual economy aided by non-fungible tokens and cryptocurrencies and driven by new business models. In addition to this, metaverse possesses huge potential in power & utilities industry.