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New Report Estimates the Metaverse Could Contribute 2.8% to Global GDP in Its First Decade

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What is the contribution of Metaverse to GDP in 2031? $ 3 trillion According to Analysis Group economists, if recruitment begins in 2022

Boston, May 16, 2022 / PRNewswire /-Economic Expert Analysis groupOne of the largest international economic consulting firms has the potential to contribute 2.8% to global gross domestic product (GDP) 10 years after adoption if the adoption and impact of Metaverse evolves as well as mobile technology. We have published a report suggesting that there is. If started in 2022, the adoption of the Metaverse over the next 10 years will be $ 3 trillion Contribution to global GDP in 2031. Like mobile technology, Metaverse has a wide range of applications: education, health care, manufacturing, vocational training, telecommunications, entertainment and retail.

analysis, https://www.analysisgroup.com/metaverseAdapts previous breakthrough technology research to draw inferences about the potential adoption process and economic impact of the Metaverse. The Metaverse, which is still in its infancy, is expected to form an augmented network of digital space made possible by the development of technologies such as augmented reality (AR), virtual reality (VR), and mixed reality (MR).

The analysis focuses on measuring the potential economic impact of the evolution of the Metaverse in terms of user adoption and its impact on GDP, as in previous successful technologies. Researchers have chosen mobile technology as the right analog because the Metaverse is similar to how existing and early innovations can be combined to radically change the world’s technological and economic landscape.

The team evaluated the direct, indirect, catalytic or stimulating impacts of the innovative technology development cycle and the public data on the deployment and adoption of mobile technology over the years. These factors are important to GDP, including job creation, business growth and economic development.

region

Metaverse share

10 years of GDP

Total of metaverse

Contribution to GDP in 2031
Recruitment will begin in 2022

Asia Pacific (APAC)

2.3%

$ 1.04 trillion

America

2.3%

$ 560 billion

Europe

1.7%

$ 440 billion

Middle East, North Africa, Turkey (MENAT)

6.2%

$ 360 billion

Latin America (LATAM)

5.0%

$ 320 billion

India

4.6%

$ 240 billion

Sub-Saharan Africa (SSA)

1.8%

$ 40 billion

Canada

0.9%

$ 20 billion

Global impact

2.8%

$ 3.01 trillion

This study was written by the Managing Principal of the Analytical Group Lauritz Kristensen And the manager Alex RobinsonWas supported by a team of economists. Funding was provided by Meta.

For more information on Analysis Group features, please visit: AnalysisGroup.com..

About the analysis group:

Analysis Group is one of the largest international economic consulting firms with more than 1,000 professionals in 14 offices. North America, EuropeWhen Asia.. Since 1981, we have provided our expertise in economics, finance, healthcare analysis, and strategy to top law firms, Fortune Global 500 companies, and government agencies around the world. Our in-house professionals, along with a network of relevant professionals from academia, industry and government, provide clients with exceptional breadth and depth of expertise.

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Eric Solmare+ 1 978 273 6049
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