Global metaverse market expected to reach $700B by 2030. Hey Sensorians, I have some good news.
18 Feb 2023, 16:40
🪐 Global metaverse market expected to reach $700B by 2030
Hey Sensorians, I have some good news! Research and Markets has shared a new report named The Global Metaverse Market. The metaverse market is expected to record an exponential CAGR of 40% during the forecast period (2022-2030) and reach a revenue of $700 billion by 2030!
📝 The report stated that due to the increase in popularity of virtual reality, augmented reality, and mixed reality, the metaverse is gaining momentum as it helps connect the physical world with the virtual environment.
According to the report, the demand for advanced hardware, including VR/AR headsets, sensors, and haptic devices, will drive growth for the metaverse market. The metaverse’s target audience is interested in topics that include healthcare, gaming, social media, live events, and others.
❕What’s great about it is that Sensorium has been working on their products for several years now, which gives them higher chances in the metaverse race to become one of the potential market leaders. Let me know your thoughts on it!