The metaverse will grow 670% by 2030

The metaverse will grow 670% by 2030
Uncategorized

The metaverse will grow 670% by 2030

Virtual reality is changing the world and revolutionizing everything around it. The Hellosafe company has published a report where it provides key statistics about the Metaverse. “In 2020, its value was 478.7 billion dollars. In 2022, it would be worth about $650 billion, and it would reach $783.3 billion by 2024. By 2030, these revenues could exceed $5 trillion.”

 

Image: iStock

 

There are many interesting facts about virtual reality, based on the article from Hellosafe, we share the most outstanding findings:

 

  • The regions of the world that are most involved in the development of the metaverse in terms of market share are North America (with a 45.3% market share), Europe, and Asia Pacific, according to a study by Emergen Research.

  • According to an IPSOS study, the 5 countries where the metaverse garners the most positive views among the populations surveyed are China, India, Peru, Saudi Arabia, and Colombia. By contrast, respondents in higher-income countries (such as the United States, Switzerland, or France) are less enthusiastic about the metaverse.

Global Value of the Metaverse (in millions of dollars)

Rising Users

According to figures from Statista, users do not stop growing:

  • By 2022, there would be 1.07 billion augmented reality users worldwide

  • By 2024, there should be 660 million new AR users in the world. By then, almost 1 in 4 humans are expected to use AR technology.

 Augmented reality users (in millions)

If you are still wondering what the Metaverse is, in summary, we could say that it is a virtual experience that allows you to interact and have multi-sensory experiences with other users. It is hoped that in the future you will be able to work, own property and earn money.

Source: https://wear-studio.com/

Socially, the metaverse is meaning for many an escape from reality, and we see it in these figures revealed by Accenture:

 

Source: wear-studio.com

 

 

Metaverse today

Some examples of Metaverse that are handled at the moment are:

  • Facebook Metaverse: Virtual world where 3D spaces will be found to socialize, learn, and play.

  • Video game metaverse: Video games like Fortnite, Minecraft, or Roblox are some of the most famous video games that are already in the metaverse today.

  • Real Estate metaverse: Among the most important platforms to buy virtual land we find Decentraland and Sandbox, where virtual land has already been sold for more than 4 million US dollars.

Currently, the top 5 most used platforms in the metaverse are Decentraland, Sandbox, Axie Infinity, Bloktopia, and Roblox.

The Metaverse and Corporations

We associate the Metaverse with Meta, the former Facebook company, which now encompasses most of the social applications we use, including Instagram and WhatsApp, but many companies already have active participation in the project, among the best known we can highlight:

  • Microsoft: Microsoft has already invested more than 68,000 million US dollars after the purchase of Activision Blizzard, a video game company specializing in the metaverse.

  • Google: Google is already designing new technologies focused on augmented reality and virtual reality. It is speculated that it could also work together with YouTube, so this platform also works in virtual conditions such as those proposed by the metaverse through Google Lens.

  • Apple: The famous company Apple is already preparing its own devices related to the metaverse such as its augmented reality glasses that will probably be announced in January 2023.

  • Nike: In collaboration with Roblox, he developed Nikeland, a 3D space that allows users to play sports and equip their avatars with Nike products in the metaverse.

It is estimated that the estimated investment potential of Meta (of Facebook) will be approximately 700,000 million US dollars in the year 2024.

Source: https://www.mckinsey.com/

Definitely, a very interesting and current topic, of which we are living its history and in which we will all be involved. If you are interested in learning more, we leave you the following reading options:

Value creation in the metaverse

This Is Life in the Metaverse

Metaverse Trends in 2022-2025

Cifras clave del Metaverso en España y en el mundo (2022)

Before the metaverse.Selling the Metaverse: You are going to be pushed into virtual reality whether you like it or not.

THE METAVERSE IS ALREADY HERE.

NPD with the Metaverse, NFTs, and Crypto.

Criminology Towards the Metaverse: Cryptocurrency Scams, Grey Economy and the Technosocial.

The metaverse, but not the way you think: game engines and automation beyond game development.

Cryptocurrency, NFTs, and the “Metaverse”: Addressing the Expanding World of Virtual Assets in Divorce Proceedings.

The Bifold Triadic Relationships Framework: A Theoretical Primer for Advertising Research in the Metaverse.

Virtual Worlds and Metaverse Platforms : New Communication and Identity Paradigms

 

 

 

 

Author : Vanessa D”angelo
Degree :
Major : Marketing
Country : Spain
Language : English

View Author Profile
Visit Atlantic International University

Leave your thought here

Your email address will not be published. Required fields are marked *

Let us know your goals and aspirations so we can chart a path at AIU to achieve them!
//
Admissions Counselor
Judith Brown
Available
//
Admissions Counselor
Rene Cordon
Available
//
Admissions Counselor
Ariadna Romero
Available
//
Admissions Counselor
Sandra Garcia-Fierro
Available
//
Admissions Counselor
Juan Mejia
Available