The metaverse industry is expanding in tandem with the advancement of cutting-edge technology. According to Fortune Business Insights, the global metaverse market will grow at a CAGR of 47.6% from $100.27 billion in 2022 to $1,527.55 billion in 2029. The study also found that the COVID-19 outbreak increased demand for metaverse experiences in all geographic regions, including Europe, the United States, and Asia Pacific.

Furthermore, brands are beginning to use gamification and virtual world simulators to promote themselves, leading to a significant increase in the number of metaverse market vendors offering cutting-edge infrastructure design, 3D environment revamping and improvement, and a technologically-driven ecosystem to provide end users with the best experience and transactions.