Metaverse Market; Emergence of Blockchain technology, web 3.0 (Web3), low-code and no-code application platforms

The Metaverse Market will be worth USD 63.08 billion in 2021, with a CAGR of 43.3%. Trends in the Metaverse Industry - The emergence of Blockchain technology, Web 3.0 (Web3), low-code and no-code application platforms, and advances in motion tracking systems and cybernetics will assist artists and developers in regaining control of their respective online content.

According to the most recent Emergen Research analysis, the global #metaverse market will be worth USD 1,607.12 billion in 2030, with a revenue CAGR of 43.3% over the forecast period. Key factors such as rising demand for virtual, augmented, and mixed #reality applications and products, as well as a growing emphasis on converging digital/virtual and physical worlds, are expected to drive global metaverse market revenue growth. Furthermore, with the rise of Blockchain technology, #web3 .0 (Web3), low-code, and no-code application platforms, as well as advances in motion tracking systems and cybernetics, artists and developers are gaining control of their online content, which is expected to support market revenue growth in the near future.

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