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The metaverse industry is one of the fastest growing at the moment and is predicted to hit $679 billion by 2030.
Companies across North America, Europe and Asia are investing massively in the field and the digital economy is forecasted to contribute about 16.8% of the global economy.
BanklessTimes.com has compared how regions and countries across the world are investing in this new industry.
Some key findings:
- In 2021, North America had the biggest revenue from the metaverse market, with a share of 70%
- The number of VR users in the US alone is set to hit 64 million by 2023
- The metaverse market in China is set to be worth more than $50 billion by 2025
- Europe is considered a hotspot for VR investment, coming only second to North America. The European AR/VR market is projected to reach $20.9 billion by 2029
- The metaverse is set to create 400,000 jobs in the UK and Germany by 2030.
“We are still in the early days as many more startups innovate around the metaverse. There will be new ways to play, work and educate. As the technology continues to mature, we expect an increase in revenue and user activity in the whole ecosystem,” says Jonathan Merry CEO of BanklessTimes.com.
You can read the full research here.
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