Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The global
metaverse market is anticipated to attain a CAGR of ~45% over the
forecast period, i.e., 2022 – 2031.The
market is divided by technology into blockchain, VR & AR, mixed reality,
and others, out of which, the blockchain segment is anticipated to hold a
substantial share in the global metaverse market over the forecast period owing
to the successful deployment of the blockchain technology for cryptocurrency.
Moreover, blockchain technology provides high security from cyber-attacks and
hacking, as a change in one block can hamper the entire chain, which is another
major factor estimated to boost the segment growth.
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The global
metaverse market is estimated to grow on
the back of the increasing amalgamation of digital and physical worlds through
the internet. Along with this, the growing
demand for metaverse to purchase digital assets using cryptocurrency is further
estimated to boost the market growth.Furthermore, the growing adoption of
virtual reality and augmented reality amongst the people, is expected to boost
the market growth.
On the basis of geographical analysis, the
global metaverse market is segmented into five major regions including North
America, Europe, Asia Pacific, Latin America and Middle East & Africa
region. The market in the North America region is anticipated to gain the
largest market share throughout the forecast period, on the back of the high
research and development investment. According
to the data by the World Bank, 2.833% of the total GDP of the United States was
spent on R&D activities, in 2018.Additionally, the presence of various
key players in the region is also estimated to boost the market growth.
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The
research is global in nature and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden,
Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India,
Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE,
Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East
and Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment opportunities,
demand for future outlook etc. has also been covered and displayed in the
research report.
Growing
Investment for Development of Advanced Technologies to Boost the Market Growth
The growing investment in the technical
R&D activities is anticipated to boost the market growth, as metaverse is
expected to be the next big development in the digital world. Moreover, various
industry giants are anticipated to invest in the development of metaverse,
which will further propel the market growth.
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However, threats of cybercrime, and
low-availability of advanced technology in developing regions are expected to
operate as key restraint to the growth of global metaverse market over the
forecast period.
This report also provides the existing
competitive scenario of some of the key players of the global metaverse market
which includes company profiling ofMeta Platforms, Inc.,Hyperlink
InfoSystem, Tencent Holdings Ltd., Infosys Limited, Zensar Technologies Limited,
Accenture plc, and Net Ease Inc., among others. The profiling enfolds key information of the companies
which encompasses business overview, products and services, key financials and
recent news and developments. On the whole, the report depicts detailed overview
of the global metaverse market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the
future.
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