Metaverse sales will increase by $5 billion from 2021 to 2026, according to a report by Technavio. According to a report published by Technavio, one of the global market research companies, the metaverse real estate market is expected to grow by 61.74 percent annually to $5.36 billion in the next 4 years, with the effect of increasing interest in the market and the popularity of cryptocurrencies.
Metaverse Sales to Increase $5.36 Billion by 2026
As studies focused on the metaverse increased, a research report came from Technavio. According to Technavio’s report, the metaverse market is expected to grow by $5 billion in about 4 years. It is stated that 41% of this growth will be undertaken by North America. In addition, it is stated in the published report that owning more land may become a trend as many big brands use the purchased land for advertising and promotional purposes.
However, this uncertainty in prices is a major obstacle to the growth of the metaverse market. An appraisal of virtual land prices is not equivalent to real life. Metaverse versus real line pricing is highly dependent on buyer’s opinions. This situation inevitably causes ups and downs and stagnation in the market.
According to the report, the interest in VR/AR platforms has automatically accelerated the metaverse market, as the Covid-19 epidemic swept the world and forced people to run their business from home. In addition, as giant companies such as Nike, Meta and Microsoft enter the virtual world, that is, the metaverse field, it will accelerate the metaverse real estate market in direct proportion.
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