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Top 10 Metaverse Companies In The Industry - Offering Advanced Technologies

October 11, 2022 | Information & Technology

The metaverse platforms industry is becoming one of the developing sectors globally. Increase in spending by consumers for virtual concerts, events, and other events is driving the market. There has been a rise in investments in e-commerce and retail platforms in the virtual environment. As per a report by Fortune Business Insights™, the market size for metaverse reached USD 63.83 billion in 2021 and is set to reach USD 1,527.55 billion by 2029 at a CAGR of 47.6% during the forecast period. Rise in the adoption of various advanced VR devices and blockchain is estimated to drive this market. Increasing adoption of new technologies, such as blockchain, AI, and Mixed Reality (MR), is anticipated to propel market growth.