AR the future of metaverse as global market to reach US$700m

The metaverse has the potential to alter lives in healthcare, retail, social media, and the workplace.A Research and Markets study estimates that the global metaverse market will generate US$700 billion in revenue by 2030.

The metaverse, which enables users to engage in normal conversation as an avatar in a “different world,” is gaining traction with the rise of virtual reality, augmented reality, and mixed reality.

However, a World Economic Forum report argues that the metaverse’s true benefits do not stem from the creation of new digital worlds.They are made possible by combining the real and digital worlds.