The metaverse sector in France is set to grow at an impressive rate over the coming years. According to a recent report, the market is estimated to expand 31.5% year over year, reaching $6.7 billion by the end of 2023. This growth trajectory is expected to continue, with a CAGR of 28.6% to 2030 reaching a Metaverse Spend Value of $22.1 billion.
In the country, there is a general acknowledgment of the potential of the metaverse sector, however the current adoption rate is still low. This is changing though, with large, influential companies such as LVMH taking a footing in the space, providing an indication of the growing popularity of the technology. This is being further driven by the increasing number of investments that metaverse-focused startups in France are receiving. Recently, METAV.RS, based in Paris, raised €3 million in October 2021.
The immense potential of the metaverse market in France places the country in a prime position to lead the way in world-class virtual experiences. It is highly likely that France's robust metraworlds culture and its thriving ecosystem for start-ups will become a major part of the metaverse’s future development. Businesses in the industry should continue to keep a close eye on France in the near future and prepare to leverage the many simulated opportunities available in the country.
Alexander Taylor
- 2023-04-24
France is Poised to Lead the Metaverse Market
Learn about the massive growth of the metaverse sector in France and the role that startups, investors, and influential companies such as LVMH are playing in its growth.
![CandleFocus Metaverse-France-Growth-Market-Opportunities](https://images.candlefocus.com/France-is-Poised-to-Lead-the-Metaverse-Market.jpg)