MV Market Size & Trends

The global metaverse market was valued at USD 82.02 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 43.9% from 2024 to 2030. The adoption of spatial technologies allows users to interact with digital content as though it were part of their physical environment, thus diminishing the distinction between virtual and actual experiences. Businesses are progressively utilizing this technology to develop immersive products and services that improve user engagement and connect the digital with the physical world, fostering innovation across diverse sectors. Non-fungible tokens (NFTs) have become a key growth driver, transforming ownership models in virtual spaces. Gamers now have the ability to possess and exchange in-game assets like items, characters, skins, and virtual land as NFTs. Furthermore, NFTs enhance interoperability, allowing gamers to utilize their assets across various games and platforms within the metaverse, further fueling the market's strong expansion.

Metaverse Market Size by Product, 2020-20230 (USD Billion)

43.9% Global Market CAGR 2024-2030

Source: www.grandviewresearch.com