Metaverse of Entertainment Expected to Grow to Almost $29 Billion Driven by Consumer Spending by 2026, Study Says
A study from Technavio, a market research firm, has predicted that the area of the metaverse dedicated to entertainment, including virtual concerts, video games, and movies, will grow to $28.92 billion in value from 2021 to 2026. The report states that 33% of this growth will originate in U.S. markets, due to the intersection of gaming and film companies.The metaverse and its future adoption continue to be a matter of active research by market forecasting companies. Aissued on Nov.
The report identified two key areas that will fuel this growth, including the rising consumer spending on virtual concerts and virtual events, made possible by the growing advancements in virtual reality and augmented reality technologies. The second key factor is the rising adoption of online gaming, which, combined with the aforementioned technologies, offers a level of immersion that will encourage spending in this area.
However, the study also shows that there will be challenges to the growth of the market, including concerns regarding privacy and security in the metaverse. This issue has already been raised by
that would be so cool. I loved how Netflix Interactive Series allowed me to choose choices and decisions. Soon we'll be watching cool stuff in the metaverse
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Thats why the zuck fired all the employees. Because he believes in a bright future
Metaverse is all about to boom in the coming future.
When / if any of them deliver anything ......
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