On March 10, according to Yahoo Finance, a new report from American market research firm Grand View Research predicts that the size of the global metaverse market will grow from $38.85 billion to $678.8 billion between 2021 and 2030, with a compound annual growth rate of $678.8 billion. The growth rate will reach 39.4%.
During this period, the market will be driven by rising demand from end-use industries such as media, entertainment, education, education, and aerospace and defense is also expected to drive growth, the report states.
The report further states that the growing demand for blockchain-based metaverse networks and digital asset trading platforms is expected to drive substantial revenue growth in the market during the forecast period. One of the main factors driving future Metaverse business expansion is the rise of the gaming industry.