In 2021, the augmented reality (AR) segment had a 28% market share and market revenue of $10.99 billion.
The metaverse market is predicted to grow from USD 39.25 billion in 2021 to USD 993.86 billion in 2030 at a CAGR of 43.20% during the forecast period 2022-2030. E-commerce sales growth has driven the growth of the metaverse market during the forecast period. In 2021, the AR segment has a market revenue of 10.99 billion USD and accounts for 28% of the market share.
According to a report by market research firm The Brainy Insights, North America emerges as the largest market with a market share of about 34.5% and $13.54 billion in market revenue in 2021. Adoption is increasing. Various technologies like blockchain, Mixed Reality (MR) and Artificial Intelligence (AI) in various applications are driving the market growth.
In-depth analysis of the drivers, opportunities, limitations and challenges to gain a detailed understanding of the metaverse market across more than 30 countries. The research involved the porter’s five forces model, attractiveness analysis, raw materials analysis, supply and demand analysis, competitor location grid analysis, distribution channel analysis and marketing.
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