According to market research firm Fact View Research, accusations that the metaverse was more hype than reality are found to be false. Their recent analysis found that the global fashion metaverse market, which was valued at $7.1 billion in 2023, is expected to reach $89.6 billion by 2032, growing at a CAGR of 33 percent over the nine-year period.
'Fashion's Forward 5,' a note from The Metaverse Society, examines the five key themes that will redefine business practices and customer engagement in the metaverse. Discover key extracts from the report here, alongside BoF analysis.
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