Metaverse market share to surpass $50 billion by 2026, says new report

by technology research and advisory firm Technavio reveals an upward trend for the Metaverse within the next four years.

The report titled “Metaverse Market in Finance by Component and Geography - Forecast and Analysis 2022-2026” analyzed the metaverse from two viewpoints. The first is software and hardware, and the second is through the impact of various geographical regions. According to the study, the metaverse will hit a market share value of $50.37 billion by the year 2026. Metaverse growth was analyzed within the five timeframes between 2021-2026. Moreover, market growth momentum has acceleration projections of a CAGR of nearly 21%. This year alone, growth is projected at 20.11%.

In terms of regional growth, 32% percent will come from the North American region, with Canada and the United States as leaders. Other key consumer countries included China and Germany.in global crypto rankings due to their more progressive regulations and the rate of institutional adoption. However, metaverse interest can undoubtedly be seen across the globe. Earlier this month, the United Arab EmiratesAdditionally, the report highlighted the leading metaverse applications. According to the survey, the top seven metaverse wallets include Meta Mask, Enjin Wallet, Coinbase, Math Wallet, Alpha Wallet, Coinomi and Trust Wallet.this month highlighted fashion and e-commerce as industries to watch in the metaverse space.

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