Metaverse market is expected to surpass $1,543 billion within this decade

June 9, 2022

According to the P&S Intelligence report, the metaverse market registered over $148.5 billion in revenue in the year 2021.

The report predicted that the metaverse market will touch $1,542.9 billion by the end of 2030.

The mammoth jump in the metaverse market will be due to the requirement of cryptocurrencies use within the metaverse.

In the coming years, the metaverse market of the Asia-Pacific region is likely to have the highest growth rate.

China, Japan, India, and South Korea are among the top countries that are witnessing rampant digitization.

North American countries were among the market leaders in metaverse and VR/AR in the year 2021.

Earlier, Alibaba's Taobao revealed 'Metaverse Mall' for China's 618 shopping holiday