In a new report, market researchers said the use of metaverse technology in education will increase greatly in the next four years. The industry, they estimated, will rise from $3.9 billion to $19.3 billion by 2028. Metaverse technologies like virtual reality (VR) and augmented reality (AR) are poised for significant development for educational use in the next few years, according to a recent report that found the global market for metaverse in education is also set for exponential growth. The report, from the market researching company MarketsandMarkets, estimates the global market for metaverse in education is worth $3.9 billion now and will grow to $19.3 billion by 2028 — representing a 37.7 percent compound annual growth rate.
