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Friday, May 3, 2024

Lofty expectation for metaverse potential

Technology could offer $21bn by 2035

A projection suggests the metaverse could contribute US$11-21 billion per year to the Thai economy by 2035, according to research conducted by London-based consultancy Deloitte.

In a report entitled “Metaverse in Asia – Strategies for Accelerating Economic Impact”, which surveyed 12 economies in Asia-Pacific, the metaverse was estimated to account for 1.3-2.4% of Thailand’s GDP by 2035.

As for Asia-Pacific, the net contribution of the metaverse to overall GDP could amount to $1.28 trillion per year by 2031, according to the report.

“The metaverse is inevitable. Developing the technology stacks, human capital and regulatory frameworks to realise Asia’s trillion-dollar metaverse potential will benefit a wide range of industries and economic activities,” said Duleesha Kulasooriya, managing director…

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