A metaverse is a network of 3D virtual environments that combines multiple elements of technology such as virtual reality, augmented reality, and video, allowing users to interact with each other via avatars.
According to Emergen Research, the global metaverse market is expected to reach $828.95 billion by 2028, growing at a CAGR of 43.3% during the forecast period. Increasing focus on the converging digital and physical world and the rising popularity of Mixed Reality (MR) should support the industry's growth in the long term.
