The global metaverse market is predicted to grow from $39.25 billion in 2021 to $993.86 billion by 2030 at a compound annual growth rate (CAGR) of 43.20 per cent during the forecast period 2022-2030, according to a recent report. E-commerce sales growth has created huge prospects for the metaverse market’s growth during the prediction period.
In 2021, the augmented reality (AR) segment had taken up 28 per cent of the market share and a market revenue of $10.99 billion.
North America emerged as the largest market for the global metaverse market, having a market share of about 34.5 per cent and $13.54 billion of the market revenue in 2021, according to the report by market research company The Brainy Insights. The increasing adoption of technologies such as blockchain, Mixed Reality (MR), and Artificial Intelligence (AI) in various applications is driving market growth.
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