Why the Metaverse Will Succeed Despite Being Derided By Haters?
Big money Is Riding on the Metaverse. Here’s Why It Will Eventually Succeed Even Though It’s Derided By Haters.
While analysts and shareholders have never been thrilled with Facebook’s rebranding, their disdain reached a fever pitch when Meta Quest Pro, a mixed-reality headset developed by Meta’s Reality Labs division, was introduced.
Since then, outlets have jumped on the hate wagon and published scathing reviews – some of it showing a lack of understanding of the subject matter. For the past year, during which time the company’s stock has fallen 67%, Meta CEO Mark Zuckerberg has been under pressure to pull the plug on the metaverse project.
Here’s why the naysayers are wrong and “Zuck” is on to something.
Naysayers fail to mention that many massive companies are also making a bet on the metaverse.
The global metaverse market was valued at $100 billion in 2022 and is projected to grow to $1.52 trillion by 2029, at a compound annual growth rate (CAGR) of 48%. It’s up to you to decide whether you want to be a part of it or not.
Adobe and Microsoft are collaborating with Meta to make tools and devices for the future of computing.
Want to learn more about Adobe and Microsoft’s current collaboration efforts with Meta for a future robust metaverse market?