billion users globally are expected to join the metaverse by 2030

 

1.4 billion users globally are expected to join the metaverse by 2030, with the U.S. accounting for approximately 120.7 million users.  The metaverse is rapidly gaining traction, with over 400 million active users in 2022. The COVID-19 pandemic has accelerated metaverse adoption, with businesses embracing it for remote collaboration and cost reduction in travel expenses. The metaverse and gaming market is expected to reach $13.84B in 2023, with an estimated growth of $710.21B by 2027. The U.S. is expected to be the largest market, with nearly 41 million users. Integrating AR and VR technologies has revolutionized the gaming industry, driving the demand for metaverse gaming. Advancements in AR and VR technologies enhance the immersive user experience in the metaverse, attracting users from diverse backgrounds.