Metaverse Market Report Online
The global Metaverse Market size is projected to reach a CAGR of 41.6% from 2023-2030.
Metaverse platforms are a network of three-dimensional (3D) virtual environments centered on social interaction and communication. Metaverse platforms are frequently portrayed in futuristic and science fiction as a potential iteration of the Internet as a single, worldwide virtual environment made possible by the usage of virtual reality and augmented reality headgear. Such advancements in metaverse technology are expected to contribute toward the development of the metaverse industry in the coming years.
The rise in demand for work-from-home and remote working tools during the period of the COVID-19 pandemic led to the growth of the global metaverse market. Growth in the popularity of cryptocurrencies and non-fungible tokens (NFTs) positively impacts the metaverse market growth. Furthermore, a positive drive toward decentralized network technology is expected to offer remunerative opportunities for the expansion of the metaverse market during the forecast period.
On the other hand, complex security and privacy challenges on the Metaverse platform can hamper the Metaverse market.
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Last Update : Jul 06, 2023 8:14 AM
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