Global Metaverse Strategic Research Report 2023-2030: Market to Grow by Almost $900 Billion - AR/VR/MR/XR in the Spotlight [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Global Metaverse Market to Reach $980.5 Billion by 2030 The global market for Metaverse estimated at US$90 Billion in the year 2023, is projected to reach a revised size of US$980.5 Billion by 2030, growing at a CAGR of 34.8% over the analysis period 2023-2030. The concept of "phygital" represents the convergence of the physical and digital worlds, marking a significant milestone in humanity's journey towards digitalization. At the forefront of this evolution is the metaverse, a virtual space where individuals interact and engage with digital environments in real-time. Metaverse Software, one of the segments analyzed in the report, is projected to record 33.9% CAGR and reach US$588.9 Billion by the end of the analysis period. Growth in the Metaverse Hardware segment is estimated at 37.9% CAGR for the next 8-year period. The metaverse holds immense importance as it blurs the lines between reality and virtuality, offering endless possibilities for communication, commerce, and e
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