The latest publication by GlobalData Plc titled Metaverse Market Size, Share, Trends, Analysis, and Forecasts by Vertical, Component Stack, Region, and Segment 2022-2030 has been added to the report store recently. The analysts have predicted the metaverse market size to grow from USD 22.79 billion in 2021 to USD 996.42 billion in 2030. The metaverse market is also anticipated to witness an accelerating growth momentum at a CAGR of 39.8% during the projected period.
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The metaverse market growth is predominantly driven by enterprises across industry verticals and sectors adopting hybrid working models. Furthermore, the growth will be driven by the future of work and digital transformation initiatives across sectors ranging from retail to healthcare and financial services. Metaverse is likely to emerge as the next big theme in digital media with AR and VR becoming crucial technologies for development. These technologies are expected to make the metaverse immersive and allow interaction with virtual objects, people, and environments.
Metaverse Market Vertical Insights
The report has assessed the metaverse market across several verticals including –
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Metaverse Market Regional Opportunities
The report has classified the metaverse market based on regional opportunities –
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Metaverse Market Trends
The metaverse market is anticipated to witness considerable growth by leveraging upcoming trends. Many modern technologies are being deployed by enterprises and organizations to ensure smooth functioning systems. Some of the most common trends aiding the metaverse market growth are:
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