According to a report by ResearchAndMarkets.com, the Metaverse industry in Europe is predicted to grow by 44.6% annually, reaching $36.8 billion in 2023. The industry is expected to maintain steady growth, with a compound annual growth rate (CAGR) of 32.0% between 2023 and 2030, leading to a metaverse spend value of $256.6 billion by 2030. The report provides comprehensive insights into the European metaverse market, covering over 100 key performance indicators (KPIs) for each country and region. It highlights market opportunities in various sectors, including retail, technology, finance, manufacturing, travel, media, education, real estate, and health. Consumers in Europe are increasingly interested in the metaverse, engaging in activities like socialising, shopping, and attending virtual events. Major brands are investing in the metaverse to enhance customer experiences and drive future growth. French startups are raising funds to develop platforms that assist businesses in establishing and managing their presence in the metaverse. Similarly, fashion brands in the UK and sports brands in Germany are forging strategic alliances and launching Metaverse experiences to attract and engage customers. The report anticipates further growth in the Metaverse industry in the short to medium term.
Where the world of Metaverse becomes Real
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