Metaverse market share to surpass $50 billion by 2026, says new report
New report by Technavio shows North America to make the most contribution to the growth of Metaverse. Europe and Asia play significant roles as well
By Shashank Bhardwaj
Image: Shutterstock
According to 'The Metaverse Market In Finance by Component (Hardware and Software) and Geography (North America, Europe, APAC, South America, and the Middle East and Africa) - Forecast and Analysis 2022-2026' report by the technology research and advisory firm Technavio, the Metaverse will be on the rise over the next four years. The report stated that Metaverse's market share in finance will grow to $50.37 billion between 2021 and 2026. The market is expected to expand at a CAGR of 20.93 percent. This year, growth is expected to happen at a CAGR of 20.11 percent.
However, with the launch of the Dubai Metaverse Strategy United Arab Emirates, it is evident that interest in Metaverse is growing around the world. The strategy promotes Dubai's ambitions to support more than 40,000 virtual jobs by 2030, with the goal of becoming one of the world's top ten Metaverse economies.

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