Metaverse is becoming the center of attraction for major tech and software giants around the globe because it amalgamates augmented reality (AR), virtual reality (VR), and the physical world. According to PR Newswire, the global metaverse market is set to reach $758.6 billion by 2026.
While anticipated interest rate hikes to combat record high inflation have contributed to the overall tech industry’s underperformance of late, the software industry’s long-term prospects look bright. The industry is playing a significant role in shaping the metaverse world, which is expected to attract heavy engagement by consumers.
