Article
istock.com/gremlin
21 October 2023
By Mainak Maheshwari and Zenith Lakra
In a 2021 report, Bloomberg reported that the metaverse market is expected to grow 13.1% annually and is expected to be worth $800 billion by 2024. According to Gartner, 30% of companies will enable services and products for the metaverse by 2026. This means at least 25% of people will spend an hour on average in the metaverse for work, shopping, entertainment, and social activities.
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