The rapidly growing metaverse market is tipped to be the next big technological phenomenon aimed at creating multidimensional online spaces through augmented and virtual realities. Given its potential to drive the next big opportunity in the tech space, several tech giants are heavily investing in this area to fuel their transition.
Although the metaverse is still in its embryonic stage, immersive metaverse technologies such as augmented reality (AR), virtual reality (VR), and mixed reality (MR) have gained attention over the past few years. According to experts at Analysis Group, the metaverse could contribute 2.8% to GDP in the 10th year after its adoption.
