A recent report from the technology research and consulting firm Technavio provides insights into the anticipated upward trajectory of the metaverse in the coming four years.
The report, titled “The Metaverse Marketplace in Finance by Component and Geography — Foresight and Analysis 2022–2026,” delves into the metaverse from dual perspectives: hardware and software. It also analyzes the metaverse’s impact on various geographical regions, offering foresight and analysis for the period from 2022 to 2026.
According to recent research, the metaverse is projected to achieve a market capitalization of $50.37 billion by 2026.
The industry’s growth has been analyzed across five timeframes spanning from 2021 to 2026, with the market expected to experience a Compound Annual Growth Rate (CAGR) of nearly 21 percent. For the current year, the metaverse sector is anticipated to see a growth rate of 20.11 percent.
North America, encompassing Canada and the USA, is predicted to spearhead regional growth, boasting a 32 percent share. Notable consumer countries contributing to this growth include China and Germany.
Germany and the US have emerged as leaders in global crypto rankings, attributed to more progressive regulations and a greater institutional presence.
Global interest in the metaverse is evident, with the United Arab Emirates aiming to become one of the top 10 metaverse economies, recently launching the Dubai Metaverse Strategy.
The report also highlights the global popularity of metaverse wallets, listing Meta Mask, Enjin Wallet, Coinbase, Math Wallet, Alpha Wallet, Coinomi, and Trust Wallet as the seven largest metaverse wallets.
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