Metaverse development is often linked to advanced virtual reality technology as there is an increasing demand for immersion. Information privacy, user addiction, and user safety are the various concerns with metaverse. Access points for the metaverse include general-purpose computers and smartphones, augmented reality, mixed reality, and virtual reality. Here is a way to track long-term investment opportunities within the Metaverse.
The metaverse is a smooth convergence of digital and physical lives, creating a virtual, unified community where people can play, work, transact, socialize, and relax. The global Metaverse market is anticipated to hit US$426.9 Billion by 2027 from US$61.8 Billion in 2022 at a CAGR of 47.2%. The metaverse can impact everything from customer experience to employee engagement, community building, product innovation, and omnichannel marketing and sales. Examining its effect potentially should be a factor for strategic discussions, with leaders intensifying their analysis of how this metaverse could fuel this virtual world within the coming years.