The Metaverse Could Add $3 Trillion to the Global Economy

The Metaverse Could Add $3 Trillion to the Global Economy

The Metaverse Could Add $3 Trillion to the Global Economy Within a Decade, New Study Suggests

The metaverse is poised to contribute $3 trillion to the global GDP within a decade.

The study, published by Analysis Group, concluded that in Europe an expansion of the virtual world could mean a contribution of 1.7 per cent – or $440 billion – to the continent’s economy in 10 years.

The report states if mass adoption of metaverse technology started in 2022, it would lead to a 2.8 per cent contribution to global GDP by 2031.

Similar to the impact of mobile technology, the metaverse is expected to have far-reaching applications to society: transforming economic sectors such as education, health care, manufacturing, job training, communications, entertainment, and retail.

Want to learn more about this Metaverse study? Want to learn which geographical regions will receive the most benefit from the Metaverse implementations?

Read this article.