The premier market statistics firm, Statista, has unveiled a pivotal report on the future of the metaverse ecosystem! Here’s what is anticipated in the metaverse world!
Statista, the leading statistics firm, has published a new report on global metaverse revenues. The released reports offer more insights and data on the topic, highlighting the major contributors to metaverse revenue in terms of market volume. What do the revealed data suggest about the metaverse ecosystem?
Metaverse Market Cap
According to reports by Statista, the revenue of the metaverse ecosystem in 2030 is projected to be around $490 billion. Other analytics firms estimate this figure to range from approximately $750 billion to $1.7 trillion. From Statista’s viewpoint, the term metaverse is defined as a virtual world or a collection of virtual worlds existing in a shared digital space, accessible to users via the internet.
Metaverses encompass applications of virtual reality, augmented reality, and other immersive technologies. According to the reports released, the largest revenue drivers for metaverses are identified as e-commerce and gaming. Additionally, metaverses are highlighted as unlocking new opportunities for revenue generation across education, entertainment, health and fitness, and even remote work sectors.
Metaverse Revenues
According to Statista reports, metaverse e-commerce sales are projected to increase from the current figure of around $20 billion to over $200 billion by 2030.
Moreover, while the gaming industry is currently valued at approximately $10 billion, it is anticipated to grow to about $163 billion by 2030. Beyond gaming and e-commerce sales, other significant revenue streams for the metaverse ecosystem could include health and fitness, the workplace, and education sectors.
On the flip side, investor interest in the metaverse ecosystem has been markedly impacted by the steep declines in the cryptocurrency markets.
Metaverse-focused altcoins such as Decentraland (MANA) and Sandbox (SAND) have also experienced significant drops in value, albeit with occasional minor rallies in the cryptocurrency markets.
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