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The global metaverse market is estimated to reach nearly $400 billion in the next two years

The global metaverse market is estimated to reach nearly $400 billion in the next two years, according to Boston Consulting Group. BCG Global Head of Luxury Sarah Willersdorf joined Yahoo Finance on July 19, 2022 with Yahoo Finance anchor Akiko Fujita to discuss the latest trends in the metaverse and how it’s transforming the office experience.

Video Transcript

AKIKO FUJITA: Global metaverse market is estimated to reach nearly $400 billion in the next two years. Revenue has largely been concentrated in the gaming space so far with content outside of it.

The virtual world is increasingly being used by Fortune 500 companies to bring employees together in a hybrid work environment.

And with companies increasingly opting for remote work, more and more employees are strapping on their headsets to connect in the metaverse.

SARAH WILLERSDORF: I think after two years of Zoom or Teams or whatever you use, most people are exhausted and sick of looking at their own picture. They're sick of being on there. So actually, to be in a virtual setting that feels much more close is really unique.

Welcome to our metaverse or at least one of our rooms.

AKIKO FUJITA: The company has held more than 5,500 virtual sessions so far.

SARAH WILLERSDORF: What's happened now is it's accelerated both, because we have a real need to work in a hybrid way and in a virtual way. And our clients are increasingly asking about it.