Small Nuclear Reactors may Help in the Progress of Clean Energy Transformation
Metaverse Making Money in 2023
By Aarti Dhapte , 30 March, 2023
Metaverse is taking the world by storm. According to the reports, the metaverse is supposed to take the worldwide metaverse revenue up to USD 490 billion by 2030. Some other reports also say the global metaverse market will be worth USD 800 billion by 2024. Other surveys assume the market volume is between 750 and 1,700 billion US dollars.
Many companies are entering this new virtual place; thus, there is a great demand for the services within the metaverse. Metaverse is the collection of virtual worlds or a virtual world that exist in a common digital space and users can access through the internet. The applications of virtual world reality and other technologies are included in the Metaverses. Gaming and E-Commerce are the most significant revenue drivers for metaverses. It also provides opportunities to create revenues in the sectors of education, health and fitness, entertainment, and even telecommuting.
According to the reports, e-commerce sales are expected to grow to over USD 200 billion by 2030. The value is currently around USD 20 billion. On the other hand, gaming is anticipated to grow from USD 10 billion to USD 163 billion by 2030.
Metaverse is generally associated with augmented reality (AR) and virtual reality (VR). Most of the metaverse platforms can be accessed using PCs. There is no need for an expensive VR headset to access metaverse platforms. Other biggest applications where metaverse revenue works are health and fitness, education, and the workplace.
The Top Sectors Investing In the Metaverse
Latest News
Small Nuclear Reactors may Help in the Progress of Clean Energy Transformation
High Cost of Uk Gasoline Prices Fuels Debate
Asia's Leadership in Global Oil Imports: Consequences for the Automotive Sector in 2025
Asia has retained the position as the top oil importer in 2025, and continues to maintain that critical position in the energy sector that the world relies on. China has retained its top spot as the most prominent crude oil importer since 2013. The…
Tesla’s 2025 Crisis: Why Europe is Turning its Back on Elon Musk’s EV Empire
Once the clear leader in the electric vehicle (EV) sector, Tesla's European market is expected to be drastically declining in 2025. Although CEO Elon Musk is still divisive in the United States, recent registration numbers show a bleak image of…
Brits Support Recycling Tax to Address Waste Crisis, but Issues about Fairness Loom
In 2025, the UK government unveiled many essential policies to address the growing trash situation, including a new plastic packaging tax and a landfill fee rise to lessen dependency on landfills. Studies show that over half of Britons support taxes…
Aarti Dhapte
Team Lead - Research
Latest News
High Cost of Uk Gasoline Prices Fuels Debate
Asia's Leadership in Global Oil Imports: Consequences for the Automotive Sector in 2025
Tesla’s 2025 Crisis: Why Europe is Turning its Back on Elon Musk’s EV Empire
Brits Support Recycling Tax to Address Waste Crisis, but Issues about Fairness Loom
