“Global Metaverse in Fashion Market 2022-2026” report was released recently. It provided an analysis of the market scenario, trends, drivers, upcoming challenges, and focuses on three key areas namely sizing, forecast, and industry analysis. According to it, the metaverse is expected to grow in the fashion world by 6.6 billion dollars during 2022-2026. This is an acceleration at a CAGR of 36.47%. The reason is that with the growing popularity of NFTs, several fashion brands are joining the virtual world. Highly personalised digital experience and rising markets in developing economies are expected to drive growth. According to the report, the metaverse in the fashion market is divided by platform segment or geographical landscapes. The former includes computers, mobiles and headsets. The latter includes North America, APAC, Europe, South America, The Middle East, and Africa. The report also provided the top metaverse in fashion market vendors. These include Accenture Plc, Active Theory LLC, Adidas AG, Alibaba Group Holding Ltd., Animoca Brands Corp. Ltd, ByteDance Ltd., Gap Inc., Globant SA, Infosys Ltd., Kering SA, Magic Leap Inc., and Meta Platforms Inc. Others are Microsoft Corp., Mobiloitte Technologies, NetEase Inc., NexTech AR Solutions Corp., Nike Inc., NVIDIA Corp., Queppelin, Roblox Corp., and Tencent Holdings Ltd.
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