The global metaverse market is projected to reach $ 996 billion in 2030

  • The size of the metaverse market reached a value of $ 22.79 billion in 2021.
  • Companies around the world, including those in non-tech industries, are investing more and more in technology.
  • Asia Pacific And North America together they held 50% of the metaverse market share in 2021.


The global metaverse market is projected to reach $ 996 billion in 2030, posting a compound annual growth rate (CAGR) of 39.8%.

The size of the metaverse market reached a value of $ 22.79 billion in 2021, according to Global dataa leading data and analytics company.

Companies around the world, including those in non-tech industries, are now investing more and more in technology for better customer engagement, expanding brand awareness and identifying new revenue streams.

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“In 2021, the media and entertainment market captured a significant share of the revenue from the metaverse market. The entertainment experience we saw throughout the metaverse was music and concerts, “he said Deepak Agarwalproject manager at GlobalData.

“In the world without blockchain, Travis Scott Fortnite had a huge concert that showed $ 20 billion including merchandise, compared to $ 1.7 billion for the regular show. ” Grawal added.

Several players in the technology industry, including those manufacturing semiconductors, components, and application software, also benefit from the metaverse.

Asia-Pacific and North America together held 50% of the metaverse market share in 2021.

“The strong presence of major technology giants in the advanced economies of North America and in the emerging economies of Asia-Pacific region they are fueling the growth of the metaverse market, ”the report states.

Companies in these regions focus on blockchainmachine learning, AR and VR, adtech, payment platforms, business applications, games, data governance and more.

“The Metaverse is still largely conceptual, but it could transform the way people work, buy, communicate and consume content. Although it is in the early stages of development, it has the potential to be the next digital media mega-theme, ”said Agarwal.

In addition, the large-scale adoption of next-generation technologies. the inclusion of AR and VR will increase the adoption of the metaverse by most stakeholders involved, the report said.

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