ICT Industry Reports

The increasing penetration of virtual and online gaming culture, high-speed internet connectivity and rising disposable income of the consumers are primarily driving the growth of the global metaverse in entertainment market. According to TechSci report on, “ Metaverse in Entertainment Market  – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 ”,  the global metaverse in entertainment market is expected to register significant growth during the forecast period of 2023-2027. The market growth can be attributed to the increasing consumer spending across virtual events and concerts. Moreover, the increasing penetration of smartphones and the internet, which makes access to virtual events convenient, is also adding to the market growth. Furthermore, the incorporation and rapid adoption of immersive technologies such as augmented reality (AR) and virtual reality (VR) are also creating a positive impact on the market. Apart from this, rising consumer in...