Metaverse Trends

The global metaverse market is projected to reach USD 678.8 billion by 2030, growing at a CAGR of 39.4% during the forecast period. This growth is driven by increasing demand from end-use industries such as media and entertainment, education, and aerospace and defense. The adoption of XR technologies to improve user experience on various platforms is also contributing to the market growth. Additionally, the growing popularity of using cryptocurrencies to purchase digital assets within the metaverse is expected to drive the market significantly. The development and distribution of AR, VR, and MR devices is also expected to spur market growth in the future.

Key Statistics

• The global VR market is projected to reach $26.9 billion by 2027.

• There are 57.4 million VR users in the U.S., which is 15% of the country’s population.

• There are 90.9 million AR users in the U.S.

• There are over 171 million VR users worldwide.

• The VR industry market size is $7.72 billion.

• 47% of Americans say they are familiar with VR.

Metaverse User Growth (billions)

Time Spent by App Category

Average Usage Time Per App (minutes)

Virtual reality (VR) headset revenue worldwide