how big is the metaverse market

how big is the metaverse market?

The global metaverse market size is predicted to attain USD 678.8 billion by 2030. Tencent Holdings Ltd.Mar 28, 2022

Considering this,How big of an industry is metaverse?

In 2021, it was estimated that the global metaverse market size stood at 38.85 billion U.S. dollars.

Beside above,How much is the metaverse market worth?

Report Coverage Details
Forecast Period 2022 to 2029 CAGR 47.6%
2029 Value Projection USD 1527.55 Billion
Base Year 2021
Metaverse Market Size in 2021 USD 63.83 Billion

7 more rows•

Furthermore,How big is the metaverse economy?

$8 trillion to $13 trillionThe metaverse economy could be an $8 trillion to $13 trillion total addressable market by 2030, Citi said in a research report published Thursday. The bank’s definition of the metaverse goes beyond sticking to virtual worlds, like gaming and applications in virtual reality.

Then,How many users are on metaverse?

Consumer Value. ✔️ A November 2021 survey found that 68% of Americans were uninterested in Meta’s vision on metaverse. ✔️ 83.7 million Americans will use AR monthly in 2020. Over 110 million people will use the service by 2023.

Related Question Answers Found

What is metaverse market?

This is a market which has been helped by the COVID 19 pandemic outbreak and the situation has transpired. The metaverse term has been used to describe a virtual 3D world which is extremely immersive and can be obtained by mixing technologies like VR, AR and MR.

How fast is the metaverse growing?

Amid the COVID-19 crisis, the global market for Metaverse estimated at US$107.1 Billion in the year 2020, is projected to reach a revised size of US$758.6 Billion by 2026, growing at a CAGR of 37.1% over the analysis period. The Metaverse market in the U.S. is estimated at US$58.5 Billion in the year 2021.

What is the potential of the metaverse?

What Future Possibilities Does the Metaverse Bring? In the metaverse, people will be able to connect, communicate or grow business in a completely new way using the latest virtual reality and augmented reality (VR/AR) technologies. Remote working would become more advanced.

Who will create the metaverse?

Meta is the main company developing Metaverse for users and players to be in the vast network of real-time 3D virtual worlds while maintaining identity and payment history.

Is Horizon Worlds the metaverse?

Meta’s highest-profile bet right now is a social VR platform for the Quest headset called Horizon Worlds. It was recently featured in Meta’s Super Bowl ad, and Zuckerberg called it “core to our metaverse vision” on the company’s most recent earnings call.

Who owns the metaverse?

Just as no one truly owns the internet, no one person or company owns the Metaverse. But there are companies and people who hold massive sway and contribute more to its maintenance and creation than any other company.

How many Metaverses there are?

And here is the fun part: there are currently 160+ companies operating across these seven verticals and they are together building the metaverse.

Who are the biggest players in the metaverse?

Who are the biggest players in the metaverse today?

  • Decentraland. Decentraland is one of the most well-known metaverses right now. …
  • The Sandbox. The Sandbox is another metaverse platform that enjoyed early success along with Decentraland. …
  • Zepeto. …
  • Somnium Space. …
  • Cryptovoxels and Spatial. …
  • Meta and more.

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