According to a recent research report released by Precedence Research, the global metaverse market is expected to exceed $68.49 billion in 2022 and is projected to reach around $3,118.67 billion by 2032, with a compound annual growth rate of 44.5% from 2023 to 2032.

The report states that North America leads the global market with the highest market share of 37.37% in 2022; the hardware segment market holds the dominant position, with a major market share of 73.36% in 2022; and the mobile segment market holds the largest market share in 2022, reaching 59.03%.