Market Size

The demand of cryptocurrency is constantly increasing, and data collected by Zippia shows that there are about 36.5 million American and 300 million global crypto users as of 2021. In fact, as of 2022, the global blockchain market value is $10.02 billion, and is expected to reach $67.4 billion by 2026 as its CAGR is 68.4%. The global cryptocurrency wallet creation has grown tremendously from 3.16 million crypto wallets in 2015 to 68.42 million in February 2022. Alternatively, according to research by the Grand View Research, the global total market size of the metaverse world was approximately USD 38.85 billion in 2021. The compound annual growth rate (CAGR) is estimated to be at least 39.4% from 2022-2030 because of the increasing Internet use and popularity of Mixed Reality (MR), Augmented Reality (AR), and Virtual Reality (VR). Consequently, according to Statista (2022), the potential market size for metaverse consumers ranges from 3.75 trillion U.S. dollars to 12.46 trillion U.S. dollars, revealing that it has a large the serviceable market size. The possible reason for this serviceable market size is that the metaverse world will offer a space for endless activities for people going to work, sports, or playing games, among others. Furthermore, research by Statistia indicate that the number of gamers worldwide is approximately 3.3 billion, whereby, 5% are interested in blockchain games, showing how gaming is a lucrative business to invest in the metaverse. Therefore, the data reveals the need to invest in the AMETAVERSE because it has a strong potential of growing and becoming more profitable over the years as it is predicted that the metaverse is constantly growing.

References

Alsop, T. (2022, September 30). Metaverse potential market opportunity by scenario. Statista. Retrieved November 17, 2022, from https://www.statista.com/statistics/1286718/metaverse-market-opportunity-byscenario/

Ariella, S. (2022, October 14). 30 striking cryptocurrency statistics [2022]: FACTS + trends. Zippia 30 Striking Cryptocurrency Statistics 2022 Facts + Trends Comments. Retrieved November 17, 2022, from https://www.zippia.com/advice/cryptocurrency-statistics/#:~:text=There%20are%20about%2036.5%20million,%2410.02%20billion

Metaverse market size, Share & Trends report, 2030. Metaverse Market Size, Share & Trends Report, 2030. (n.d.). Retrieved November 17, 2022, from https://www.grandviewresearch.com/industry-analysis/metaverse-market-report#:~:text=Report%20Overview,USD%2038.85%20billion%20in%202021

Video game industry: Statistics, Demographics, trends. INTENTA. (2022, September 19). Retrieved November 17, 2022, from https://intenta.digital/gaming-industry/video-game-industry/