While the recent rise in spending is no match for the heady growth rates of revenue from metaverse products, but according to financial information and analytics firm is a recovery from the segment’s 2.7 per cent slip in 2022.
Revenue trends in 2023 already reflect that dynamic, and the growing list of companies leaning into the metaverse in 2024 underlines the growing opportunity, according to the report.
“Consumer-facing experiences received a boost with Disney investing with Epic, and Apple entered the virtual reality (VR), augmented reality (AR) and spatial ecosystem with its Vision Pro headset,” Ian Hughes, senior research analyst at S&P Global Market Intelligence said.
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