The Metaverse is a trillion-dollar opportunity, says Deloitte

A new Deloitte report titled “Asia’s Metaverse: Strategies to Accelerate Economic Impact” estimates that the metaverse represents a trillion-dollar opportunity for the continent.

The study takes an in-depth look at 12 selected Asian economies: Hong Kong, India, Indonesia, Japan, China, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.

The report states:

“We estimate that the Metaverse’s impact on Asia’s GDP could be between US$0.8 trillion and US$1.4 trillion per year by 2035, or about 1.3-2.4% of total annual GDP by 2035.”

The Metaverse presents a trillion-dollar opportunity to significantly transform the region’s major economies.

Asian economies will have a major impact on how virtual worlds take shape on a global scale. “

The financial services company explained that “virtual worlds are no longer science fiction and that “millions of people in Asia are already using the first virtual world platform”.

Report details:

“The potential impact on global metaverse GDP is estimated at $1.5 trillion per year by 2030 and $3 trillion per year by 2031.”

Deloitte Central Managing Director Duleesha Kulasooriya said of the future of the internet:

“The metaverse is inevitable. Developing the technology stack, human capital, and regulatory framework to realize Asia’s trillion-dollar hyperverse potential will benefit a broad range of industries and economic activity.”

Emphasizing that “the potential growth and contribution of the Metaverse could be significant on a global scale,” the report continued:

“By 2030, the global potential metaverse market size (i.e., revenue) is estimated to range from $678.8 billion … to $13 trillion … annually.”

Read more: FTX crashes into Amazon Prime series

Source of information: Compiled from CRIPTONIZANDO by 0x Information.The copyright belongs to the author Criptonizando, and shall not be reproduced without permission

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