Emergen Research has recently published a detailed report on the global Metaverse market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Metaverse market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Metaverse market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.
The global metaverse market size is expected to reach USD 1,607.12 Billion in 2030 and register a revenue CAGR of 43.3% over the forecast period, according to latest analysis by Emergen Research. Global metaverse market revenue growth is expected to be driven by key factors such as increasing demand for applications and products based on virtual and augmented and mixed reality and rising focus on converging digital/virtual and physical worlds. Besides, with the rise of Blockchain technology, web 3.0 (Web3), low-code, and no-code application platforms, coupled with advancements in motion tracking systems and cybernetics, artists and developers are gaining control of their online content, which is expected to support revenue growth of the market in the near future.
Metaverse will bring human beings closer to the future of Web3, where artists and developers can reclaim control over their online content and people may retake control over their personal identities. Every new blockchain concept and solution is promptly evaluated as a possible module for incorporation into the Web 3.0 engine that will support traction of metaverse products and services. Mark Cuban, an American entrepreneur, recognized the significance of blockchain in the development of the metaverse world. He established his Non-fungible Tokens (NFTs) company, Lazy.com, which is a digital art gallery aimed to promote NFTs in the same way that typical art galleries do, with the help of Polygon Studios, which is a new NFT-centric gaming and metaverse center intended to enable web 3.0 gaming. The latter is funded by a USD 100 million investment to boost mainstream adoption of metaverse projects.
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The report on the Global Metaverse Market is an investigative study on the key features of the business landscape along with an analysis of the growth opportunities, challenges, threats, drivers and restraints, and limitations of the market. The report also offers insights into the segments, sub-segments, and regions exhibiting promising growth.
The report further sheds light on the competitive landscape of the Metaverse market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
The prominent players profiled in the report are:
Facebook, Inc., Tencent Holdings Ltd., ByteDance Ltd., NetEase, Inc., Nvidia Corporation, Epic Games, Inc., Roblox Corporation, Unity Technologies, Inc., Lilith Games, and Nextech AR Solutions Corp.
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For the purpose of this report, Emergen Research has segmented the global metaverse market based on component, platform, offering, technology, application, end-use, and region:
- Components Outlook (Revenue, USD Billion; 2019 – 2030)
- Hardware
- Software
- Platform Outlook (Revenue, USD Billion; 2019 – 2030)
- Desktop
- Mobile
- Offerings Outlook (Revenue, USD Billion; 2019 – 2030)
- Virtual Platforms
- Asset Marketplace
- Avatars
- Financial Services
- Technology Outlook (Revenue, USD Billion; 2019 – 2030)
- Blockchain
- VR and AR
- MR
- Application Outlook (Revenue, USD Billion; 2019 – 2030)
- Gaming
- Online Shopping
- Content Creation
- Social Media
- Conference
- Virtual Runway Shows
- Aircraft Maintenance
- Others
- End-Use Outlook (Revenue, USD Billion; 2019 – 2030)
- Fashion
- Media & Entertainment
- Education
- Aerospace & Defense
- Others
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The report covers the analysis of the factors anticipated to drive the Global Metaverse Market growth over the forecast period of 2022-2030. The report is an all-inclusive document covering the market landscape and a futuristic perspective on its growth and progress. The report also provides an analysis of the entry-level driving and restraining factors for the new entrants contributing to the market. The report considers 2020 as the base year and 2020-2021 as the historical years. It puts examines drivers and restraints of the Metaverse market and analyzes their impact on the industry throughout the forecast period.
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