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Global metaverse market to reach $28 bn by 2028 with the help of gaming

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Fueled by gaming, the global metaverse market is projected to reach $28 billion by 2028, from $510 million this year, at a compound annual growth rate (CAGR) of 95 percent, a new report has shown.

Also Read — India revises rules for social media companies to protect users’ rights: Here are the detailsThe pandemic has hastened the evolution of the internet, resulting in the metaverse, where cyberspace becomes more of an interactive 3D space with business and networking, as well as content that corresponds to the worlds in popular games such as Roblox.

Also Read — macOS Ventura introduced at WWDC 2022 with new Mail, Safari features: Check detailsAccording to Valuates Reports, the growth of the metaverse market is expected to be aided by the expansion of the metaverse on social media platforms.

Also Read — Mobile Premier League (MPL) fires 100 employees, shuts operations in Indonesia“Based on application, the game industry is expected to be the most profitable.

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