Report Highlights the Future of Metaverse

The market research report presented by Contrive Datum Insights pointed out that the Metaverse industry could see a trillion-dollar inflow. According to the report, the industry’s “compound annual growth rate”. It can happen over 44%. The report drew attention to the rapid growth potential of the virtual universe industry. Analysts underlined that Metaverse has different dynamics such as blockchain, artificial intelligence and AR. In addition, it was stated in the report that the investments of technology giants such as Google and Microsoft in Metaverse contributed to the potential of the sector. In the current situation, there is also a significant increase in the virtual universe-oriented technology patents of technology giants. These investments will further encourage increased adoption, the report said:

“The metaverse market is growing because more and more people are using new technologies like mixed reality (MR), augmented reality (ER), artificial intelligence (AI) and blockchain… Companies like Roblox, Facebook, NVidia, Epic Games, Microsoft, Google and Oculus, has already invested in Metaverse. Research shows that LG Group, Sony, Qualcomm and XR have applied for around 80 metaverse patents…”

In the report of Contrive Datum Insights, it was pointed out that the sector will see more investment. In the report, it was stated that the interest in Bitcoin (BTC), Ethereum (ETH) and NFT sectors will be reflected in the Metaverse. It is also estimated that investment in Metaverse projects will exceed approximately $1.3 trillion by 2030.