Metaverse Market Set to Reach $1,303.4 Billion by 2030

The global Metaverse Market is projected to surge from USD 83.9 billion in 2023 to USD 1,303.4 billion by 2030, registering a CAGR of 48.0% over the forecast period. Metaverse is an online experience of shared 3D virtual worlds created by combining physical and digital worlds. These virtual worlds are created by leveraging AR, VR, real-time 3D, and interactive video. The Metaverse has gained wide...

Metaverse evolution and its future market potential

Metaverse Market Growth
In the past two years, Meta has spent more than USD 10 billion on their metaverse business division – Reality Labs, becoming one of the first companies to take giant steps toward building metaverse. In October 2022, CEO Mark Zuckerberg declared that the company further aims to increase its investments in the metaverse in 2023 by launching its new virtual reality headsets. Microsoft, another technology...