Meta has worked with partners to develop regional research reports on the economic impact of the metaverse.

Each research report provides: country-level economic impact estimates of the metaverse, examples showcasing how metaverse technologies are already being applied in innovative ways, a localized discussion of the state of metaverse technology fundamentals and enablers, as well as economic policy insights relevant to those countries and regions with respect to the metaverse.

The Metaverse is still in its early stages, but it’s already clear that the benefits to the global economy could be enormous. Recent research indicates that by 2035, the global GDP could be boosted by up to US$3.6 trillion per year.

🌍 The Metaverse could contribute up to $38.1 billion and $16.7 billion to the kingdoms of Saudi Arabia and the United Arab Emirates respectively.

The Middle East and North Africa (MENA) region is undergoing rapid change and seeking economic transformation and digitalization. Many countries are investing in digital capabilities, and consumers and businesses are increasingly open to digital technologies and interested in the metaverse. The emergence of the metaverse is expected to support the ambitious digital innovation and technology objectives of MENA countries. The UAE and KSA are taking a leading role in actively investing in metaverse ecosystems. Emerging metaverse technologies are unveiling a range of potential benefits for enhancing individuals’ lives and experiences, streamlining business operations, and creating additional B2C and B2B opportunities.

🔝 Early adopters of the Metaverse will have an advantage, especially in markets like Saudi Arabia and the UAE, who are investing in building the infrastructure required.

👩‍💼 The Metaverse is also expected to create new job opportunities, with the UAE’s Dubai Metaverse Strategy aiming to add 40,000 jobs.

🏢 Sectors that could significantly benefit from adopting the Metaverse include tourism, retail, property, and gaming.

👨‍💼businesses are using metaverse technologies to create new revenue streams and improve existing ones, including selling virtual versions of products, marketing physical goods with virtual overlays, and improving operational efficiencies such as immersive VR training and creating virtual replicas. Digital twins are also being used to optimize design before manufacturing or construction, saving time and money.

💡 Unlocking the potential of the Metaverse will require collaborative efforts between technology companies, policymakers, civil society and others.

https://research.facebook.com/quantifying-the-potential-economic-impact-of-the-metaverse/