Metaverse's Potential $900B Value by 2030

Despite recent headlines that "metaverse-hype" is dying down, new research released today by Bain & Company shows the metaverse could reach up to $900 billion dollars by 2030—though it may remain in the seed stage for at least another five to 10 years.
 
Bain's report, Taking the Hyperbole Out of the Metaverse, concludes that the metaverse poses real and growing economic opportunities for businesses. Companies that engage in the metaverse's early stages of development, known as the "seed stage," over the next five to 10 years, are more likely to become the market winners.
 
"As the metaverse quickly evolves, we've already seen these types of technologies take hold within different industries," said Chris Johnson, a partner in Bain's Technology practice. "A good example of this is immersive gaming platforms, which are already boasting hundreds of millions of monthly active users. And while it's not immediately clear how the metaverse landscape will shift, our research shows there are five competitive battlegrounds that executives should be considering if they wish to get ahead and eventually scale. This is an ongoing journey toward more immersive and collaborative experiences, enabled by rapid improvements in the underlying technology."


Source: PR Newswire