Analysts of the international company Technavio in the report “Metaverse Market in Finance by Components and Geography – Forecast and Analysis for 2022-2026” claim that the metaverse market will show significant growth.
The authors of the report analyzed the growth of the Metaverse over five periods, from 2021 to 2026, and concluded that by 2026 the notional combined Metaverse will reach a market value of $50.37 billion.
According to analysts, the momentum in the market is so strong that it is possible to predict an acceleration of the average annual growth rate of almost 21%. In 2022 alone, growth is projected at 20.11%. In terms of regions, the largest share of 32% will be in the North American region, with Canada and the United States leading the way. Among the main consumers of metaverse content are China and Germany.
Analysts specify that interest in the metaverse can be observed all over the world. In June, the United Arab Emirates launched its Dubai Metaverse strategy to become one of the top 10 economies in the metaverse. The report highlights the leading applications for virtual worlds. According to the survey, the top 7 best wallets for the metaverse are Meta Mask, Enjin Wallet, Coinbase, Math Wallet, Alpha Wallet, Coinomi, and Trust Wallet.
In July, analytic agency Technavio posted a report claiming that real estate sales in the metaverses will reach $5 billion by 2026. The American weekly publication Time reported that the penetration of the metaverses into everyday life and public consciousness will change the world and this will lead to the fact that the metaverses will control most of the physical world.
Source: Bits
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