The global metaverse market will be one of the most valuable sectors in the world in the next few years. Based on the findings from Valuates Reports, the global metaverse market is expected to be worth $28 billion by 2028. This will signify a remarkable amount of growth for a market that was worth $510 million this year. According to this report, we can confirm that the global metaverse space will experience a compound annual growth rate of 95% during this six-year-long forecast period.
“Based on application, the game industry is expected to be the most profitable,” the report read. “In order to participate in next-generation gaming, players are venturing into the real world of metaverse.”
The report also showed that the desktop gaming market will be the most profitable part of this sector during this forecast period. Valuates Reports said that there is going to be a huge demand for desktop devices that can be used to play virtual reality games. That number is only expected to continue to grow as the video game market grows.
The metaverse will also rely heavily on immersive social media experiences, this includes live events, virtual reality gaming, augmented reality gaming, and mixed reality gaming. With advancements being made in the AR and VR spaces, the metaverse will become a more secure platform for artists to create more interactive and immersive content.
(All information was provided by The Siasat Daily)
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