Metaverse Market is projected to grow USD 626.65 Bn in 2030, at a CAGR of 45.2%
The global metaverse market was valued at USD 50.54 Bn in 2021. The market is projected to grow USD 626.65 Bn in 2030, at a CAGR of 45.2%. The word "metaverse" refers to a deeply immersive 3D virtual world experience gained by the employment of a combination of AR, VR, and MR technologies. By creating a virtual world where users may play immersive games, conduct business, interact socially, buy and sell virtual properties, and enjoy immersive entertainment, the metaverse platform enhances the internet experience. A network of three-dimensional (3D) virtual environments focused on social interaction and communication is known as the metaverse. The use of virtual reality and augmented reality headgear makes it possible for metaverse platforms to be portrayed as a conceivable version of the Internet and as a single, global virtual environment in science fiction and futuristic literature. In the upcoming years, it is anticipated that such developments in metaverse technology wou