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Metaverse Market Size
- Report ID: GMI5254
- Published Date: Apr 2022
- Report Format: PDF
Metaverse Market Size
Metaverse Market size surpassed USD 50 billion in 2021 and is poised to grow at a CAGR of over 35% between 2022 and 2028. The market growth is attributed to the increasing trend of online gaming among youth coupled with proliferation of internet connection across the world.
The global COVID-19 restrictions resulted in social distancing and increased the demand for AR & VR technology across various industry verticals such as media entertainment, retail, and education. This has created more opportunities for market players to develop advanced metaverse solutions. During the pandemic, various organizations have extensively invested in digital twin technology as a long-term recovery plan, which has led to the market expansion.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Metaverse Market Size in 2021: | USD 50 Billion |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 35% |
| 2028 Value Projection: | USD 500 Billion |
| Historical Data for: | 2018 to 2020 |
| No. of Pages: | 275 |
| Tables, Charts & Figures: | 440 |
| Segments covered: | Component, Platform, Offerings, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Metaverse Market Scope
