The metaverse refers to highly interactive virtual worlds where land, buildings, and even personalized avatars can be traded, often using cryptocurrency. In the metaverse’s virtual environments, people can explore various places, make friends, build virtual assets, purchase goods and services, and attend virtual events.
The metaverse is the next big technology platform, attracting online game makers, social networks and other technology leaders to capture a slice of what has been estimated to be a nearly $800 billion market opportunity.
Social, persistent, shared, virtual 3D worlds, the metaverse is the convergence of the physical and digital realms in the next evolution of the internet and social networks using real-time 3D software. It presents an opportunity for leading online entertainment and social media companies to capitalize on new revenue streams.
About the global Metaverse revenue opportunity, it could approach $800 billion in 2024 vs. about $500 million in 2020, based on analysis from Newzoo,IDC, PWC, Statista and Two Circles data.
The primary market for online game makers and gaming hardware may exceed $400 billion in 2024 while opportunities in live entertainment and social media make up the remainder.
Here we are, VR technology has improved substantially !
Demand for VR porn is already one of the fastest-growing categories on adult websites.
Subscription-based models will be key in enabling adult content platforms to successfully monetise VR content and capitalise on the growth of headset ownership.
Research found the global number of users viewing VR adult content via compatible headsets will rise by 2,800% over the next 5 years, with headset adoption primarily driven by mainstream use cases, such as digital games and media.
VR in general is a rapidly growing industry. The global VR market was measured as a $10.32 billion industry in 2019. Various reports also suggested that this marketwill grow at a CAGR of 21.6% from 2020 to 2027, which seems pretty likely as of now.
Especially with the latest technological developments making VR headsets more protuberant, both VOD and live porn VR streaming is now a granted behavior.
A new Juniper Research study has found the global value of the VR (Virtual Reality) adult content market will increase significantly, from $716 million in 2021 to $19 billion in 2026; representing 22% of the global digital adult content market value by 2026.