Metaverse Market Size To Tap $678.78 Billion By 2030- Report

Metaverse Market Size To Tap $678.78 Billion By 2030- Report
фото показано с : zycrypto.com

2022-3-26 15:18

A recent report by U.S. based market research and consulting company, Grand View Research now projects that 2021’s metaverse market share of $38.85 billion could surge at a compound annual growth rate (CAGR) of 39.4% bringing the total market size to just over $670 billion from 2022 to 2030.

This growth will be fostered by several factors including the ‘growing focus on integrating digital and physical worlds using the Internet’. The metaverse, which denotes a highly immersive 3D virtual world experience has recorded tremendous growth, especially in the backdrop of the pandemic which paralyzed almost every aspect of physical interactions.

During this period, the popularity of Mixed Reality (MR), Augmented Reality (AR) and Virtual Reality (MR) dominated the airwaves with companies such as Meta and Microsoft seeing the metaverse as an opportunity to optimize their businesses in keeping up with future technologies.

Since then, businesses in the gaming world, entertainment, banking, fashion, and even food industry such as McDonalds have been deeping their feet into this promising ecosystem as they seek to establish their presence within the market, buying up a stake in virtual reality environments including The SandBox, Somnium Space and Decentraland.

Furthermore, the metaverse is expected to take up a sizeable chunk of the global digital economy which represents about 15.5% of the world’s total GDP as per the World Bank. C-Level executives of leading metaverse firms have also projected that the market opportunity for the metaverse could rise to between $3.75 trillion and $12.46 trillion in the future, as the digital economy shifts into the metaverse.

Experts also say that the metaverse has the potential to generate over $1 trillion in yearly revenues which is why various end-users such as Walmart, Nike, Inc, Gap Inc, Verizon, Hulu, as well as a handful of banks such as HSBC and JPMorgan are setting up shop in the metaverse in diverse ways to provide an immersive experience of the digital world to their customers. 

“I think it’s potentially a massive growth opportunity for financial services players,” Lucia Uribe, a financial analyst, and partner at Oliver Wyman told ‘American Banker’ on Monday, speaking of how banks are experimenting in the Metaverse. “We’re at the very early stage of an emerging market that could have quite significant growth over the coming years.”

That said, the metaverse is undoubtedly one of the hottest sectors in the crypto ecosystem today, with no sign of slowing down as global institutions scramble to board this futuristic train.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market research billion metaverse report cagr 2021

market research → Результатов: 126


European Scientists Share How Cryptocurrencies will Rival Forex Markets

According to a recent research report that has been published by a group of European scientists Bitcoin and the cryptocurrency market can compete with the forex market in terms of maturity. That means that Bitcoin could soon become a dependable alternative to the traditional financial market. Back in July 2018, the research was published in […]

2018-10-17 21:50


XResearch ICO

XResearch, Crypto Online Media is an online media platform for news, market information, and research on cryptocurrency markets worldwide. We seek to provide investors with free content as well as paid, independent, proprietary research for cryptocurrency markets, initial coin offerings (ICOs), and blockchain investments.

2018-9-25 20:03


Фото:

70% of All ICOs Are Now Underwater in 2018

How much cash an ICO raised has become “less important” to markets, new research says this week after revealing 70 percent of ICOs have lost the money they raised. Markets ‘Shrug Off Cash-On-Hand’ As part of the latest edition of its weekly newsletter, Diar investigated the current state of the ICO sector, which despite this year’s cryptocurrency bear market has raised more than in the ‘boom’ year of 2017.

2018-9-25 15:00


Chainalysis: позиции инвесторов и спекулянтов в биткоине за лето не изменились

Нью-йоркский блокчейн-стартап Chainalysis в рамках исследования биткоин-кошельков заключил, что число биткоинов под контролем долгосрочных инвесторов и рыночных спекулянтов за прошедшее лето почти не изменилось.

2018-9-24 18:45


Фото:

‘HODLers Be HODLing’: 55% Of Bitcoin Sits in Multimillion Dollar Wallets

Over half the Bitcoin supply sits in wallets holding over 200 coins ($1. 25 million), indicating faith among major bagholders remains, new research released September 17 suggests. Diar: Investors ‘Keeping The Faith’ The data, compiled by cryptocurrency market research newsletter Diar in its latest weekly edition, echoes similar findings from industry researchers appearing throughout 2018.

2018-9-18 19:00


Брокер EF Hutton начнет выпускать аналитические отчеты о криптовалютах

Американский брокер EF Hutton объявил о намерении предоставлять своим клиентам аналитическую информацию о криптовалютах. The market moves fast, up 2,000%, then down 80%! The difference between cash or crash could be waiting for you in the EF Hutton Crypto Research Report! Critical, Reliable, Information delivered to your inbox daily. When EF Hutton Talks, People Listen! […]

2018-9-7 13:57


Year-to-Date, Bitcoin Outperformed 3 National Currencies Despite Major Correction

Bitcoin, the most dominant cryptocurrency in the global market, has still managed to outperform three national currencies year-to-date despite its steep decline since December of last year. Charlie Bilello, the director of research at Pension Partners, a New York-based investment advisory which manages mutual funds and separate accounts, published a chart comparing the returns of.

2018-9-3 19:12


Short-Term Traders Responsible for Ranging Bitcoin Price, Says Analyst

As the price of Bitcoin remains stuck between $5,500 and $8,500 for three months now, the Bitcoin trading community wonders when the spell will break and in which direction. Kevin Lu, the director of quantitative research at Element Digital Asset Management, a full-service advisor for the digital asset economy, said the Bitcoin market is in a reflexive state.

2018-9-1 21:00