Metaverse's future consumer market is expected to exceed $8 trillion

A global leading international financial services company released a report that the potential consumer spending market space (TAM) of the Metaverse in the United States is as high as 8.3 trillion US dollars. The report states that the Metaverse is likely to become the next-generation social media, streaming and gaming platform. Similar to the current digital platforms, the Metaverse may become an advertising and e-commerce platform for offline products in its initial stages, covering real estate, retail, automobiles, gaming and other fields.

At the same time, the company said in the report that it has discovered more areas that include immersive experiences and exposure to the metaverse, including cosmetics, clothing, home design, video streaming, music and education. The company also emphasized that the $8.3 trillion consumer spending market space does not include new types of consumer spending items, such as NFTs, digital collectibles, etc., and NFTs will grow with the development of the next-generation metaverse.

NFTs and various social games may create huge business opportunities for the boutique industry. Social games are expected to create US$20 billion in business opportunities for the digital luxury goods industry in 2030. In the US$300 billion NFT market, various digital luxury goods and collectibles could garner a share of more than $25 billion. The company said that the brand's many attempts in the field of NFT and social games have helped them to develop new customer groups and understand this new market. The brand is in the proof-of-concept stage of NFT and metaverse games, and the evidence shows that the current tests are successful. , and the next stage is how to realize it. However, the agency also acknowledges that the adoption of the Metaverse will be more complete thanks to the now-robust digital media and e-commerce offerings!

This article was originally published on the "" public platform, so stay tuned for more in-depth interpretations of the Metaverse.