UAE Business: Metaverse market ‘likely to hit $500bn by 2030’ – Gulf Digital News

UAE Business: Metaverse market ‘likely to hit $500bn by 2030’ – Gulf Digital News

The Metaverse market could reach around $500 billion by 2030, assuming linear growth, said Arthur D. Little (ADL), an international management consulting firm, in a new report.

“The Metaverse, Beyond Fantasy”, the latest in a series of new reports from ADL running under the ‘Blue Shift’ banner, explores the impact of new technologies on business, society and humans. It looks beyond the hype and delivers a realistic picture of the Metaverse for businesses, focusing in particular on the technologies necessary to enable it.

While the Metaverse is not a new concept, the past few years have seen a rapid acceleration of both development and adoption, driven by the convergence of three industries: gaming; collaboration and productivity tools; and social media and networks. Yet while the size of the Metaverse market is difficult to estimate, the report emphasizes that companies should not underestimate its potential importance to their business.