DUBLIN, September 27, 2023 (Globe Newswire) — “Metaverse – Global Strategic Business Report” Report added ResearchAndMarkets.com Recruitment.
Global Metaverse market expected to reach $980.5 billion by 2030
The global Metaverse market is experiencing remarkable growth and is predicted to reach USD 62.4 billion by 2022 and USD 980.5 billion by 2030.
This significant expansion is being driven by various segments within the Metaverse market, including software, hardware, professional services, consumer applications, industrial manufacturing, commercial applications, healthcare, and other sectors. Significant investment and development is taking place in these areas, leading to large annual expenditures.
Looking to 2023 and 2030, the Metaverse market is expected to continue to evolve and expand across different geographic regions. Each region will exhibit its own growth patterns and trends, shaping the future of the Metaverse. This digital phenomenon will revolutionize numerous industries, from entertainment and gaming to healthcare and industrial manufacturing, thereby reshaping the world’s digital landscape.
Among the segments analyzed in the report, software achieved a staggering CAGR of 40.1% and is projected to reach USD 588.9 billion by the end of the analyzed period. At the same time, the hardware sector is also expected to see impressive growth, with an estimated CAGR of 44.8% over the next eight years.
Regarding the regional market, the United States accounts for the lion’s share, with the market size estimated to be USD 26.2 billion in 2022. Meanwhile, China, the world’s second-largest economy, is expected to show strong growth and reach its highest expected level. The market size is projected to reach USD 128.3 billion by 2030, with a CAGR of 45.9% for the period 2022-2030.
Other notable geographic markets include Japan and Canada, which are projected to grow at 35.9% and 37%, respectively, during the 2022-2030 period. In Europe, Germany is expected to experience strong growth with a CAGR of approximately 40.2%.
The report includes comprehensive profiles of 90 major and emerging competitors such as Accenture, Adobe, and Epic Games, providing valuable insights to understand the competitive landscape within the Metaverse market.
The rise of generative AI. Applied AI. Industrialization of machine learning. Next generation software development. Web3; Cloud and Edge Computing. quantum technology. Electrification and renewable energy, and beyond electrification and renewable energy, climate change technologies open up a global investment environment.
These technologies have the potential to significantly increase global GDP growth and value in the coming years. In the short term, we expect a mix of challenges and opportunities for both consumers and investors. There are always opportunities for companies and their leaders who can chart a path forward with resilience and adaptability.
Metaverse – Looking into the future as it unfolds now
- The future has arrived.Physical and digital worlds merge, marking the completion of humanity’s digital endeavors
- The new era is “phygital”
- What is the Metaverse? Why is it important?
- Who is after the Metaverse?
- Top 5 Big Tech Companies Get a Piece of the Metaverse Pie
- Signs the metaverse is catching up
- Roblox, an online gaming company that offers a Metaverse-like experience, sees steady growth in user numbers
- Metaverse job openings are on the rise as companies begin to recognize the concept and its promising potential
- Metaverse value chain
- Key components of the Metaverse value chain
- Global market outlook and prospects
- Metaverse Market Halcyon Days Ago With Remarkable Drivers and Opportunities
- North America remains the center of the Metaverse market
- COVID-19 pandemic accelerates race to metaverse
- Metaverse – Market Share Percentage of the World’s Major Competitors in 2022 (E)
- Companies contribute to building the future of the metaverse
- Recent market activity
- Insights from the most important influencers: What top voices are saying about the emerging concept of the Metaverse and its future
Market Trends and Drivers – What’s Hot in the Market?
- From science fiction to reality! What is the “internal” technology that powers the Metaverse?
- Featured AR/VR/MR/XR
- Meta’s Occulus makes a disruptive leap forward, outpacing competitors by a wide margin
- As AR/VR technologies evolve, successful implementation of these technologies into the metaverse gains momentum
- AR glasses are essential to creating the mixed reality world of the future
- Enhance your metaverse with augmented reality (AR), virtual reality (VR), and mixed reality (MR)
- Artificial intelligence (AI) is essential to building the metaverse
- AI’s role in the metaverse
- Rapid advances in artificial intelligence (AI) measured by deep learning transformers reveal an AI-enabled, implemented, and supported metaverse
- Artificial intelligence (AI) provides a smart platform and related functionality for the Metaverse
- Digital twins are also part of the Metaverse technology mix
- The role of digital twins in the metaverse
- Digital twins support the convergence of physical and digital in the metaverse
- The Internet and its evolution over decades provides the foundation for the Metaverse
- The success and impact of the Metaverse will depend on the extent to which fiber-based broadband network architectures scale.
- Rapid developments in the 5G technology field to accelerate metaverse efforts
- Metaverse: The latest technology trends that are transforming business
- Top trends impacting the metaverse in 2022 and beyond
- Trends to watch with potential role in ensuring a solid foundation for the Metaverse
- Venture capital funding boom takes root in the metaverse
- Venture capitalists are paying attention to the Metaverse industry
- Facebook’s decision to change its name to ‘Meta’ marks the beginning of the Metaverse as a new revolution in social technology
- How can Facebook (meta) benefit from creating new immersive digital experiences?
- Riding on the promising potential of the Metaverse, Meta plans to drive long-term growth
- The metaverse influences consumer life and industry and becomes an integrated structure of society and industry.Here’s why companies should consider Metaverse
- An impact of unprecedented scale that cannot be ignored!
- Metaverse in manufacturing. Metaverse Factory What benefits does it bring?
- Microsoft is on track to build the metaverse of the future
- Immersive Digital Twins Deliver Increased Business Value to Enterprises
- The Metaverse and what it means for the future of work
- The future of work will be different! How this happened
- Living in a time of continued disruption means millions of people will move to remote work
- How has the workforce changed?
- Perhaps the most interesting change is yet to come: Are you ready to move from WFH to WFM?
- Give way!Introducing Metaverse Gaming
- Video games: the oldest known experience of living in a simulation
- Metaverse is perfectly positioned to take over the current base of video gamers, as game visualization is key to motivating players to keep playing
- With the rapid growth of the video game industry, Metaverse enters the gaming industry, creating a huge market opportunity
- Will games in the Metaverse be any different from the immersive games we have all come to know, experience, and appreciate?
- Will “crypto” become the currency of the Metaverse?
- What are cryptocurrencies and how are they currently used?
- The new role of cryptocurrencies as transaction currencies in the Metaverse
- Why Cryptocurrency is at the Center of the Metaverse
- Blockchain and crypto are perfect for the metaverse
- Metaverse development causes significant price increase/surge of virtual currency
- Expanding use of cryptocurrencies shows success of metaverse concept
- The Metaverse is ready to appear in the future of social media
- How did social media become an essential part of our lives?
- As people spend more time on social media, the Metaverse has one less challenge to take over social interactions and hangouts virtually
- How will the Metaverse affect social media?
- NFT emerges as a new revenue model for the Metaverse
- Non-Fungible Tokens (NFTs) emerge as key to metaverse monetization
- What types of NFTs are popular in which categories?
- Brands compete to create their own NFTs – here’s why
- Will blockchain play a bigger role in the metaverse as NFTs grow?
- Blockchain will rise like a phoenix from the ashes of Bitcoin
- Metaverse without blockchain. Is that possible?
- It is becoming increasingly clear that we cannot build a metaverse without blockchain technology
- Is Direct to Avatar Economy (D2A) the future of Direct-to-Consumer (DTC)?
- Direct marketing and its benefits as we know them today
- How will the Metaverse change this status quo?
- How should retailers/brands adopt?
- Low-hanging fruit. After a decade of strong growth, e-commerce has matured as a key monetization area in the Metaverse
- The phenomenal rise of e-commerce and m-commerce: A review
- Will Metaverse take e-commerce to the next level?
- How the Metaverse will transform e-commerce and retail
- Is your e-commerce experience ready for the Metaverse? How can marketers and brands prepare for the Metaverse?
- Meta provides comprehensive learning for students
- The Metaverse will change the consumer goods and retail industry
- Metaverse, cybersecurity, and privacy. What would this landscape look like?
- A systemic threat could weaken the Metaverse
- Developing a metaverse to overcome privacy blockers
- Risk of identity fragmentation and data privacy concerns necessitate DeFi networks
- Can the Metaverse save the world?The Metaverse’s Promise for Metaverse Exploration and Sustainability
- COVID-19 pandemic puts sustainability at the top of the global agenda
- Metaverse claims to help humanity achieve sustainability goals
- Environmental benefits of the metaverse
- Spatial computing to mitigate climate change
- Amid all the hype about the Metaverse and environmental sustainability, what’s the real truth? What is the Metaverse’s carbon footprint?
- NFTs become embroiled in climate change controversy
- The exhaustive process of creating cryptocurrencies is energy-intensive and negatively impacts sustainability goals
- Big challenges facing the metaverse
- Hype aside. Will the Metaverse be a challenging environment/world to create?
- Why does the Metaverse have to be open source?
Focus on carefully selected players (Total of 90 items posted)
- Accenture PLC
- Adobe Corporation
- Capgemini SE
- EON Reality, Inc.
- Alibaba Group Holding Limited
- Tohmatsu Co., Ltd.
- alibaba cloud
- Threei Co., Ltd.
- Animoka brand
- Anti-Ar Solutions Pvt Ltd
- DevDen Creative Solutions
- Electronic Arts Co., Ltd.
- Dapper Lab Co., Ltd.
For more information about this report, please visit: https://www.researchandmarkets.com/r/llu293
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