Rest of Europe By End-Use, 2022 - 2030 (USD Million) 5.9. North America By Offering, 2022 - 2030 (USD Million), 14.1.5. 8.4. North America by Country, 2022 - 2030 (USD Million) The metaverse in the asset marketplace is expected to have a high growth rate, with a CAGR of 40%. South Korea 14.2.4.1.2. The global industry size for metaverse crossed USD 50 billion in 2021 and is poised to record a CAGR of over 35% between 2022 and 2028 owing to the rising trend of online gaming. 4.9 Components Business Analysis FOR Fusion Deposition Modeling (FDM), BY REGION, 2022-2030 (USD Million), TABLE 10. March, 2023 Normally, metaverse for government is just perceived to be a king of virtual training solution being conducted through a VR interface. 8.5 Metaverse in Mixed Reality (MR) 1.1. 14.1.4.2. The desktop segment accounted for the largest metaverse market size, with USD 16.38 billion in 2021. Canada by Applications, 2022 - 2030 (USD Million) Primary Data & Advanced Materials, Sustainable 6.2. The Metaverse platform enhances the Internet experience by building a virtual world where users can play immersive games, conduct business, socialize, and entertain.Market Overview:The latest research study on the global Metaverse Technology market finds that the global Metaverse Technology market reached a value of USD 51939.85 million in 2022. Figure 6 Top 11 Companies with Highest No. 5.10.3 Bargaining Power of Buyers Metaverse in Marketing - Key to Customer Engagement. : Metaverse Market, by Industry Vertical, 2018 - 2030 (USD Billion), Japan: Metaverse Market, by Component, 2018 - 2030 (USD Billion), Japan: Metaverse Market, by Technology, 2018 - 2030 (USD Billion), Malaysia: Metaverse Market, by Application, 2018 - 2030 (USD Billion), Malaysia. TABLE 57. 11.6 Metaverse in Virtual Goods To counter such scams, Facebook later notified its users about the same and declared that it would not have an exclusive cryptocurrency as its currency. Figure 2. For example, companies are building complete virtual replica of their manufacturing processes, are designing parts and components and are conducting real time virtual testing of machines and processes in the metaverse world. Tencent Holdings Ltd., Meta, Inc., Alphabet, Inc., Nvidia Corporation, Roblox Corporation, Microsoft Corporation, Globant, Queppelin, Alibaba Cloud, Netease, Inc., Magic Leap, Inc. Companies Disrupting the Metaverse Technology. Brazil TABLE 69. Financial performance Germany by Offering, 2022 - 2030 (USD Million), 14.2.4.2.6. In the metaverse, the physical world is converted into digital data and recreated or represented digitally, either as a reflection of reality (digital maps or images, for example) or as fiction or fantasy (a video game). TABLE 14. Metaverse in Virtual Platforms market, 2022 - 2030 (USD Million) 15.9.4. Business Strategy & Recent Development Mobile 10.9.1 Metaverse in Military market, 2022 - 2030 (USD Million) U.K. By End-Use, 2022 - 2030 (USD Million) Metaverse Market Size, Share & Trends Analysis Report By Product, By Platform, By Technology (Blockchain, Virtual Reality (VR) & Augmented Reality (AR), Mixed Reality (MR)), By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030 Report ID: GVR-4-68039-915-5 Number of Pages: 100 Format: Electronic (PDF) VR, AR, and MR devices are increasingly being used to access and provide a real experience for gaming. The internet connection speed is fixed for desktop, making it faster than the mobile internet connection speed. | Published by: LP Information, Inc. Microsoft Corporation: OPERATING SEGMENTS, TABLE 76. 15.4.4. Business Strategy & Recent Development Rest of Latin America TABLE 80. What will be the expected global metaverse market size in 2030? As a majority of the products of B2B consist of commodities, an outstanding customer service through metaverse can boost its growth extensively. Asia Pacific by Platform, 2022 - 2030 (USD Million) Germany by Offering, 2022 - 2030 (USD Million) Currently, Metaverse VR and AR are being used in the gaming industry, propelling the market growth. All of the above-mentioned factors are expected to foster the growth of the Metaverse Market in the future. TABLE 70. 15.9. Table 32 UK: Metaverse Market, by Technology, 2018 - 2030 (USD Billion) TABLE 27. Companies like Roblox, Facebook, NVidia, Fortnite, Epic Games, Microsoft, Google, USM, Oculus, and RTFKT Akira have inculcated metaverse XR/extended reality systems, and other new technologies or are in progress of incorporating them. Metaverse and Its Incredible Potential & Emerging Business Opportunities . to the customers, thereby improvising their sales growth. Table 56 China: Metaverse Market, by Technology, 2018 - 2030 (USD Billion) TABLE 81. 2.4.1.1. The desktops are built with powerful and advanced graphics capabilities that render the VR experience. The global metaverse market size in 2022 was valued at USD 47.48 billion with a growth rate of 39.44% CAGR to a valuation of USD 678.80 billion by 2030. Asia Pacific By Components, 2022 - 2030 (USD Million) ASIA-PACIFIC BY COUNTRY, 2022-2030 (USD Million), TABLE 55. If you would like information about this content we will be happy to work with you. Citations, How To | USD $3,660, February, 2023 China By Components, 2022 - 2030 (USD Million) Reports, Sustainable & Smart Axie Infinity is deemed the most prosperous NFT game, with nearly 3 million people playing it, and the in-game goods are worth $2.26 billion. Risk Assessment Figure 21 Desktop to Witness Higher CAGR in Metaverse Market for Platform Segment during Forecast Period. Key players like Tencent Holdings, Globant, etc. 2.1. 14.2.4.4.2. FOR Metaverse in Asset Marketplaces, BY REGION, 2022-2030 (USD Million) 10. 15.11.3. Moreover, metaverse has almost blurred some major differences between B2C & B2B like ROI, Target Audience, etc., thereby catering to ample opportunities for market growth in the future. TABLE 64. Due to many start-ups and organisations, the Asia-Pacific region could be the fastest-growing metaverse market. 12. Due to developers significant ongoing developments and innovations and a growing focus on boosting immersion and realism in games, the gaming segment had the highest market share in 2021. 15.9.3. Globant. With the rapid development of IT, the Metaverse would allow users to connect, work, conduct business, and access educational resources, all in a technology-mediated environment in new interaction ways. This has created more opportunities for market players to develop advanced metaverse solutions. Table 73 Malaysia: Metaverse Market, by Industry Vertical, 2018 - 2030 (USD Billion) FOR Metaverse in Asset Marketplaces, BY REGION, 2022-2030 (USD Million), TABLE 4. In all aspects of metaverse, avatars will be a very important component and it will allow humans to resemble or take the form of any character in the virtual world. FOR Metaverse in Education, BY REGION, 2022-2030 (USD Million), TABLE 24. Global Metaverse Market, by Component, 2021 & 2030 (USD Billion), Figure 13. Based on our definition, we estimate the total addressable market for the Metaverse economy could grow to between $8 trillion and $13 trillion by 2030. Rest of ASIA PACIFIC By Application, 2022 - 2030 (USD Million), 14.3.4.5.6. Queppelin: OPERATING SEGMENTS According to a study, around 50 million people used virtual reality in the United States and 83.7 million people used augmented reality in 2020, and these numbers are expected to rise to 65.9 million and 110.1 million users, respectively, in 2023. Table 96 Middle East & Africa: Metaverse Market, by Technology, 2018 - 2030 (USD Billion) Among these, virtual reality & augmented reality is expected to be the largest market in the metaverse industry. Metaverse allows its users to meet others virtually irrespective of their physical distances. India by Application, 2022 - 2030 (USD Million) Metaverse in Virtual Reality (VR) and Augmented Reality (AR), Regional Coverage Analysis Financial performance Metaverse Market Size | Overview By, 2029. 14.2.4.2.2. 2.4.2.1. According to a study, fixed internet connection speed on the desktop is 29.2 Mbps faster than mobile internet connection speed. BY APPLICATION, 2022-2030 (USD Million) A kivlasztott belltsok mdostshoz kattintson az Adatvdelmi belltsok kezelse lehetsgre. In September2022, Wolters Kluwer introduced two of its most efficient Blockchain-based metaverse platforms Somnium Space and Decentraland. North America By Application, 2022 - 2030 (USD Million), 14.1.6. 11.16 Metaverse in Payments Some of the leading players operating in the market include Active Theory, Apple Inc, Alibaba Group, Amazon.com Inc., Decentraland, Epic Games, Inc. Immersion Corporation, Lilith Games, Meta Platform Inc. (Facebook), Microsoft Corp, Matterport Inc., NetEase, Inc., Nextech AR Solutions Corp., Nvidia Corporation, Roblox Corporation, Snap Inc, The Sandbox, Tencent Holdings Ltd., Unity Software, Inc., and Vuzix Corporation. Europe: +44-742-759-8484 5.3. 14.2.4.1.1. Figure 4: Social media platforms users follow brands on, March 2022. Table 55 China: Metaverse Market, by Component, 2018 - 2030 (USD Billion) Please find a more complete list of data sources in Chapters, 1.To study and analyze the global Metaverse consumption (value) by key regions/countries, product type and application. Table 27 France: Metaverse Market, by Component, 2018 - 2030 (USD Billion) U.K. By Components, 2022 - 2030 (USD Million), 14.2.4.1.2. Presentation, Research The market demand is impelled by growing investments in digital twin technology and favorable government initiatives. More jobs are being created due to the increasing demands for different products and services in the metaverse, which can increase the market growth. Canada 14.1.4.1. 4 North Main Street, Selbyville, Delaware 19975 USA According to a study, 37% of Americans believe life in the metaverse would be more fun than real life, 38% believe the metaverse makes their life better, 47% use it to socialise efficiently, and 48% do not feel overwhelmed about the multiverse, 40% understand the purpose of the metaverse, and 57% believe that the metaverse will be as popular as traditional social media platforms. The benefits of mixed reality for the metaverse increase the number of users to adopt it, driving the market growth. Table 88 Mexico: Metaverse Market, by Technology, 2018 - 2030 (USD Billion) 2.3. & Defense, Automotive Sales Volume & Revenue Analysis (2022-2030), 9.3.1. Rest of the Latin By Offering, 2022 - 2030 (USD Million) 9.4. Figure 9 Export Data from Metaverse, By Country, 20162020 (USD Thousand) Apart from that, its expected that Metaverse can cater to newer businesses as well as tremendous financial growth opportunities in the future. TABLE 71. A New Age in Health: Metaverse (PDF Download) Metaverse . Table 46 Russia: Metaverse Market, by Application, 2018 - 2030 (USD Billion) Introduction TABLE 19. In November 2021, Tencent announced a collaboration with the Asian Institute of Digital Finance (AIDF). U.S. By End-Use, 2022 - 2030 (USD Million), 14.1.4.2.1. Stakeholders Of Patents Granted Per Year, 20192020 11.13.1 Metaverse in Blockchain Applications market, 2022 - 2030 (USD Million) 14.1.4.1.1. Although metaverse platforms are a relatively new sector in the gaming and social media industry, it is already experiencing certain issues. Investment will be needed in areas such as compute, storage, network infrastructure, consumer hardware, and game development platforms.The definition of what counts as money in the Open Metaverse is also likely to be very different from what counts as money in the real world today. Sales Volume & Revenue Analysis (2022-2030) Introduction Get a Sample Copy of the Report at -https://www.360marketupdates.com/enquiry/request-sample/21534770, 1.1 Product Overview and Scope of Metaverse 1.2 Metaverse Segment by Type 1.3 Metaverse Segment by Application 1.4 Global Market Growth Prospects 1.5 Global Market Size by Region, 2 Market Competition by Manufacturers 2.1 Global Metaverse Production Capacity Market Share by Manufacturers (2017-2022) 2.2 Global Metaverse Revenue Market Share by Manufacturers (2017-2022) 2.3 Metaverse Market Share by Company Type (Tier 1, Tier 2 and Tier 3) 2.4 Global Metaverse Average Price by Manufacturers (2017-2022) 2.5 Manufacturers Metaverse Production Sites, Area Served, Product Types 2.6 Metaverse Market Competitive Situation and Trends, 3 Production Capacity by Region 3.1 Global Production Capacity of Metaverse Market Share by Region (2017-2022) 3.2 Global Metaverse Revenue Market Share by Region (2017-2022) 3.3 Global Metaverse Production Capacity, Revenue, Price and Gross Margin (2017-2022), 5 Segment by Type6 Segment by Application, 7 Key Companies Profiled 7.1 Company 7.1.1 Metaverse Corporation Information 7.1.2 Metaverse Product Portfolio 7.1.3 Metaverse Production Capacity, Revenue, Price and Gross Margin (2017-2022) 7.1.4 Companys Main Business and Markets Served 7.1.5 Companys Recent Developments/Updates8 Metaverse Manufacturing Cost Analysis 8.1 Metaverse Key Raw Materials Analysis 8.1.1 Key Raw Materials 8.1.2 Key Suppliers of Raw Materials 8.2 Proportion of Manufacturing Cost Structure 8.3 Manufacturing Process Analysis of Metaverse 8.4 Metaverse Industrial Chain Analysis, 9 Marketing Channel, Distributors and Customers 9.1 Marketing Channel 9.2 Metaverse Distributors List 9.3 Metaverse Customers, 10 Market Dynamics 10.1 Metaverse Industry Trends 10.2 Metaverse Market Drivers 10.3 Metaverse Market Challenges 10.4 Metaverse Market Restraints, 11 Production and Supply Forecast 11.1 Global Forecasted Production of Metaverse by Region (2023-2028), 12 Consumption and Demand Forecast 12.1 Global Forecasted Demand Analysis of Metaverse, 13 Forecast by Type and by Application (2023-2028) 13.1 Global Production, Revenue and Price Forecast by Type (2023-2028), 15 Methodology and Data Source 15.1 Methodology/Research Approach 15.1.1 Research Programs/Design 15.1.2 Market Size Estimation 15.1.3 Market Breakdown and Data Triangulation 15.2 Data Source 15.2.1 Secondary Sources 15.2.2 Primary Sources 15.3 Author List 15.4 Disclaimer, Purchase this Report (Price 3250 USD for a Single-User License) https://www.360marketupdates.com/purchase/21534770, Super Fibers Market 2023 | Global Industry Report Forecast 2029, Masonry Tools Market Size, Growth | Soaring Demand | 2023 - 2029, Truffle Oil Market Size, Growth | Soaring Demand | 2023 - 2029, 2029 Forecast B2B for Food in Foodservice Market by Growth Rate, Sparked Innovation with Top Players, Electronic Keyboard Market Size, Growth | Soaring Demand | 2023 - 2029, Press Release Distributed by The Express Wire, To view the original version on The Express Wire visit Metaverse Market Size | Overview By, 2029, COMTEX_426823965/2598/2023-03-17T02:43:07. Trends in Technology (2022-2028) In addition, industrial metaverse software helps customers to increase their productivity by providing them with enhanced simulators, which helps them to eliminate the time required to deploy the device, thus augmenting the growth of the industry. The federal government of the U.S. has launched an initiative, Open Mobility Foundation, to explore digital twin technology for developing smarter and safer communities. Technologies, Custom 15.3.1. Global Metaverse Market, by Component, 2021 & 2030 (USD Billion) Metaverse in Asset Marketplaces market, 2022 - 2030 (USD Million) Table 111 Israel: Metaverse Market, by Component, 2018 - 2030 (USD Billion) 7.4. NORTH AMERICA BY COUNTRY, 2022-2030 (USD Million) 5.11. 2.4. Figure 24 North America Accounted for the Largest Share of the By Regional Basis, in 2019, Figure 25 Drivers, Restraints, Opportunities, and Challenges, Figure 28 Vendor Dive: Evaluation Overview, "Click to avail the latest sample copy of the report", "Let's optimize your ROI by furnishing the best price", "Want to curate the report according to your business needs:", Metaverse Market Size Suggesting $678 Billion Industry by 2030, Metaverse Market By Components (Hardware, Software, Services), By Platform (Desktop, Mobile, Headsets), By Technology (Blockchain, Virtual Reality (VR) and Augmented Reality (AR), Mixed Reality (MR), Internet of Things (IoT), Others), By Offering, By Application, By End-Use, By Geography, Size, Share, Global Industry Analysis Report, Forecast, 2022-2030, https://www.cnbc.com/2021/08/24/1-in-10-people-invest-in-cryptocurrencies-many-for-ease-of-trading.html, https://blog.sonicwall.com/en-us/2021/10/cyber-threat-alert-ransomware-breaks-another-record/, https://twitter.com/alexisohanian/status/1396869330877526021, https://www.forbes.com/sites/hannahmayer/2022/01/24/the-future-of-the-metaverse-what-2022-has-in-store-for-the-immersive-digital-world/, https://seekingalpha.com/news/3844034-meta-set-to-join-broadcoms-1-billion-custom-chip-customer-club-jp-morgan, https://www.allconnect.com/blog/internet-speed-classifications-what-is-fast-internet, https://www.statista.com/statistics/1017008/united-states-vr-ar-users/, https://www.reuters.com/technology/boeing-wants-build-its-next-airplane-metaverse-2021-12-17/, https://cointelegraph.com/news/indonesia-s-crypto-industry-in-2021-a-kaleidoscope, https://theharrispoll.com/briefs/future-of-ar-vr-metaverse/, https://www.bangkokpost.com/business/2225199/softbank-bets-on-asian-metaverse-platform-selling-digital-gucci-dior. 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