Global Metaverse market forecasted to be worth $757bn by 2026
Updated: Mar 25
A new market study published by Global Industry Analysts Inc., (GIA), a market research company, called Metaverse - Global Market Trajectory & Analytics, says the global market for Metaverse estimated at 194.4 billion dollars in 2022, and is projected to reach 758.6 billion dollars by 2026.
The researchers say the transition to Metaverse is imminent. Several components and facets of this open-source platform have advanced to a stage where they can be seamlessly integrated to explore the possibility of creating a parallel virtual world. NFTs and online events are booming creating a universe of opportunities for the metaverse and related technologies.
Again, this is another example of the metaverse which is a booming trend with the fashion industry heavily taking to it. This article shows the forecast is expected to grow considerably in this sector in the coming years with fashion brands showing no sight of slowing their forays into this sector so is something that Zalando could keep an eye on, especially as the technology grows and there becomes more instances of case studies to follow.
Full article is available here