III. Industry Analysis
3.1 Industry Profile
In 2022, the global market size for blockchain technology reached $10.02 billion, and it is projected to grow at a CAGR of 87.7% from 2023 to 2030. The surge in venture capital funding toward blockchain technology companies is a key factor contributing to the growth of the market. The increasing acceptance and legalization of cryptocurrencies are encouraging businesses and investors to invest more in blockchain technology. This trend also motivates market players to enhance their services to stay competitive in the industry. As a result, these efforts by companies are expected to drive improvements in the effectiveness and efficiency of blockchain technology in the near future.1
3.2 Market Size
In 2021, the global market size of the metaverse was valued at $38.85 billion and is anticipated to grow at a CAGR of 39.4% from 2022 to 2030. Several factors are expected to contribute to this revenue growth, including the increasing focus on integrating the digital and physical worlds through internet-based technologies, the rising popularity of Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR), along with the impact of the COVID-19 pandemic. While much of the metaverse market's hype has been centered around consumer use cases, gaming and social media companies leading the way, enterprises are projected to play a key role in the coming years. This shift will be driven by the evolving nature of work and ongoing digital transformation initiatives across various sectors, including retail, healthcare, and financial services. The future of work and the need for digital solutions are expected to drive enterprise adoption and investment in the metaverse. 2
1.https://www.grandviewresearch.com/industry-analysis/blockchain-technology-market#:~:text=The%20global%20blockchain%20technology%20market,funding%20in%20blockchain%20technology%20companies.2.https://www.globaldata.com/store/report/metaverse-market-analysis/
