NEW YORK, September 27, 2022 /PRNewswire/ — The Metaverse in the entertainment market The size is expected to increase by $28.92 billion during 2021-2026, at a CAGR of 8.55% over the forecast period, according to Technavio. The market is concentrated and the degree of concentration will accelerate during the forecast period. Aomen City, Epic Games Inc., Hungama Digital Media Entertainment Pvt. Ltd., Meta Platforms Inc., Niantic Inc., OverActive Media Corp., Qualcomm Inc., Queppelin, Roblox Corp. Tencent Holdings Ltd. and Tetavi Ltd. are some of the main market participants.

Rising consumer spending on virtual concerts, events and more, the rise of virtual reality gaming in…