Report: the global meta universe market may reach US $3 trillion in the next 10 years

Source:China Electronic News

Author: Wang Wei

Recently, analysis group, an international consulting firm, released a report saying that from 2022, metauniverse will make a great contribution to the world economy: its contribution to global GDP in the next decade by 2031 will reach US $3 trillion.

In the first half of 2021, the concept of meta universe entered the public's vision, gathered a variety of information technologies, showed rich application scenarios and bred a broad market space. The report points out that if metauniverse is widely used like mobile technology, metauniverse is expected to have far-reaching applications, which may change a wide range of economic industries such as education, health care, manufacturing, employment training, communication, entertainment and retail. The report predicts that metauniverse will contribute 2.8% to global gross domestic product (GDP) in the next decade.

"In the next ten years, Yuan universe will still be in the stage of deconstructing industry demand and consolidating the underlying foundation." CCID consultants believe that in this decade, the demand pain points of various industries are expected to be alleviated or solved with the help of metauniverse, which will also promote the progress of basic technology at the bottom of metauniverse. For example, the development of Pan entertainment industries such as games and videos is limited by the display mode of intelligent terminals, which is difficult to give users a more real feeling. The virtual reality technology at the bottom of the meta universe can give full play to its immersive advantages according to the core demands of the industry, continuously optimize the user experience, drive the technological progress at the bottom of the virtual reality, and help the implementation of the meta universe.

From a regional perspective, the Asia Pacific, the United States and Europe will become the highlands of the development of the meta universe in the next decade. According to the report, by 2031, the proportion of meta cosmic economy in GDP is expected to be the highest in the United States, Asia Pacific and Europe. The GDP of meta cosmic related economy in the Asia Pacific region will exceed US $1 trillion, accounting for about 2.3% of the total GDP; The US dollar economy will reach 560 billion US dollars, accounting for 2.3% of the total GDP; The meta economy in Europe will reach 440 billion US dollars, accounting for 1.7% of the total GDP. In addition, the meta universe industry will also affect the economic development of the Middle East and North Africa, Latin America, India, sub Saharan Africa and Canada.

The report also points out that the meta universe has not really formed yet, but with the improvement and popularization of technology, it will have a deeper and broader impact on the world. At present, the development of meta universe is facing technical and policy challenges. Building a real meta universe industry and generating economies of scale also requires the joint efforts of all links of the industrial chain.