In 4 years, the capitalization of virtual reality worlds will exceed $ 50 billion

A new report by research consultancy Technavio shows an upward trend in the metaverse industry over the next four years.

The report analyzes metaverse from two perspectives:

• the first — software and hardware
• the second is the impact due to the difference in geographical regions

According to the study, the market share of metaverse will reach $ 50.37 billion by 2026. In addition, the market growth rate is expected to accelerate by almost 21% CAGR (compound annual growth rate) — this year it is projected to grow at 20.11%.

In terms of regional growth, the North American region will account for 32%, led by Canada and the United States. Other key consumer countries include China and Germany.

However, interest in the concept of the metaverse can be seen all over the world. Earlier, the United Arab Emirates launched its Dubai Metaverse strategy to become one of the top 10 economies using virtual reality.

In addition, the report highlights the leading «meta-worlds». According to the survey, the top seven wallets for connecting to web3 worlds include MetaMask, Enjin Wallet, Coinbase, Math Wallet, Alpha Wallet, Coinomi, and TrustWallet.