Growing popularity of Metaverse platforms for entertainment purposes such as games and sports, advances in immersive technologies for AR and VR

Vancouver, British Columbia, Canada, June 14, 2023 /EIN Presswire.com/ — global The metaverse in the media and entertainment market The volume in 2021 is expected to be significantly stronger and the revenue CAGR is expected to increase rapidly during the forecast period. The increasing use of Metaverse platforms to enhance social interactions, provide more immersive experiences, and facilitate the consumption and visibility of media content, as well as the prevalence of high-speed internet connectivity, augmented reality (AR) and Advancements in virtual reality (VR) devices and rapid adoption of the Metaverse by media companies to create presence, build audiences and develop well-informed monetization strategies will drive market revenue growth during the forecast period. are some of the key factors expected to drive the growth of Rising acceptance of contactless and virtual experiences accelerated by the COVID-19 pandemic and ensuing lockdowns and social distancing norms, rapid adoption of digital-first economy, avatars and virtual world presence, increasing Creation of new revenue streams among individuals, opportunities for engagement of media and entertainment companies across the globe are other factors expected to contribute significantly to the rapid growth of market revenue during the forecast period.

Metaverse integration in the media and entertainment space will enable brands to represent and interact with consumers in a way that reduces marketing costs and eliminates geographic restrictions. The rapid growth and increasing number of virtual events and digital innovations in the Metaverse, the increasing adoption of the Metaverse by major companies to establish a presence in the virtual world, and the growing need for engaging and immersive customer experiences are Some of the key factors expected to drive market revenue growth are: over the forecast period. The Metaverse platform for the entertainment industry facilitates the development of a platform filled with user- and artist-generated content, instead of a hosting platform that is expected to generate numerous opportunities for creative content creation. Moreover, the rapid adoption of advanced technology to create digital collections and provide better experiences in the metaverse is another factor expected to further drive revenue growth of the market in the coming years.

Metaverse combines key attributes and elements of gaming, social media and video communications to develop innovative experiences that blend different digital media experiences on a single platform. Metaverse enables the creation of permanent venues where large numbers of artists can perform in environments resembling real-time live concerts. Virtual concerts and events have allowed artists to mask the losses caused by lockdowns and social distancing during the pandemic. The Metaverse also allows greater flexibility and visibility for users while attracting a much larger audience for artists. The rapid popularity of NFTs in the metaverse is a key factor driving metaverse adoption in the media and entertainment space. NFTs give artists better control over their art and merchandise, allowing them to monetize their art in a better and more transparent way. Metaverse also has the ability to extend the experience of 3D and 4D movies, which is expected to further contribute to the revenue growth of the market going forward. However, legal challenges related to certification of digital collectibles, low awareness and acceptance of the Metaverse in certain countries around the world, and growing concerns about user privacy and side effects of VR and AR devices hinder market revenue growth. There are several factors that can potentially interfere. To some extent over the forecast period.

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Five forces analysis

(Adopting Porter’s Five Models can help formulate corporate strategy.)

This five force analysis is done for the decentralization of the global metaverse in the media and entertainment market. The five forces considered are:

bargaining power of buyers

Threat of new entrants

Risk of rivalry

bargaining power of suppliers

The Threat of Substitutes Adopting Porter’s Five Models can help shape corporate strategy.

Market overview:

This study focuses on the current state of the metaverse in the media and entertainment market and evaluates key market statistics such as CAGR, gross margin, revenue, price, production growth rate, volume, value, market share and year-over-year growth . , through a comprehensive primary and secondary research approach. The report on the Indian market includes profiles of key players based on factors such as target market, production, revenue, market share, recent developments, and gross margin. An in-depth market dynamics section examines market drivers, constraints, opportunities, influences, challenges and trends.

Media and Entertainment Market Metaverse – Analysis of the Customer Landscape This study delves into the adoption lifecycle of the market from innovators to bastards and explores penetration-based adoption rates across different geographies.

Some of the key players in this market are:

Hungama Digital Media, Qualcomm, OverActive Media, Zilliqa, GameOn, Tetavi, Scuti, AdQuire Media, Atom Universe, Aomen City, Gamefam, Roblox

Additionally, the study provides important purchasing criteria and price sensitivity factors to help companies evaluate and formulate their growth strategies.

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The Metaverse in the Media and Entertainment Market – A Segmentation Evaluation

Technology Outlook (Revenue, USD Billion, 2019-2030)

blockchain

Artificial intelligence (AI)

Augmented Reality (AR)

Augmented Reality (XR)

Virtual Reality (VR)

Mixed Reality (MR)

Internet of Things (IoT)

Product Outlook (Revenue, USD Billion, 2019-2030)

Cryptocurrency

NFTs

digital assets

others

End-Use Outlook (Revenue, USD Billion, 2019-2030)

film production company

music label

OTT platform

TV station

artist

others

geography overview

The global metaverse of media and entertainment market is divided into North America, APAC, Europe, South America, Middle East and Africa. The study provides actionable insights and assesses each region’s contribution to the global metaverse in the growth of the media and entertainment market.

Metaverse in Media and Entertainment Market Report is discounted by Emergen Research for both single and unlimited user access @ https://www.emergenresearch.com/purchase-enquiry/977

What are the key information contained in this report on the media and entertainment market metaverse?

CAGR of the market during the forecast period

Comprehensive details on the factors driving the growth of the media and entertainment market metaverse from 2023 to 2032.

Accurate estimation of the media and entertainment metaverse market size and its contribution to the market, with a focus on the parent market

Realistically predict future trends and changes in consumer behavior

Growth of Metaverse Industry for Media and Entertainment Market in North America, APAC, Europe, South America, Middle East and Africa

Thorough analysis of the competitive landscape of the market along with comprehensive vendor information.

A detailed assessment of the factors that may hinder the expansion of the metaverse vendors in the media and entertainment market.

What are the key benefits for stakeholders of this report on the Metaverse in Media and Entertainment Market?

The Media and Entertainment Market Metaverse Research Report offers a comprehensive analysis of current market trends, forecasts and size dynamics from 2023 to 2030, helping stakeholders identify potential prospects. help.

This study explores the potential of buyers and suppliers to help stakeholders make profitable business decisions and expand their networks of suppliers and buyers, as shown in the Five Forces study by Porter. Focus on role.

In-depth research, as well as market size and segmentation, help identify current opportunities in the media and entertainment market metaverse.

This report maps the largest revenue contributors in each region.

The media and entertainment market metaverse research report also provides an in-depth analysis of the top competitors in the market.

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table of contents:

1 Business report overview

1.1 Survey scope

1.2 Market Research by Type

1.3 Application Market

1.4 Learning Objectives

thought for a year and a half

2 Global growth trends

2.1 Metaverse Prospects in Global Media and Entertainment Market

2.2 Regional Growth Trends 2.3 Market Dynamics

2.3.1 Industry trends

2.3.2 Market Drivers

2.3.3 Market difficulties

2.3.4 Market restrictions

Competition scenery of three major players

3.1 Global Top Players by Revenue

3.2 Global Market Share by Company Type

3.3 Eligible Players: Revenue Orders

3.4 Global market concentration ratio

3.4.1 Global market concentration ratio

3.4.2 Top 10 and 5 companies by revenue in the world

3.5 Locations and headquarters of major companies

3.6 Key Players, Goods and Services

3.7 Market entry date

3.8 Acquisitions, mergers and growth

4 Market Data by Type from the Media and Entertainment Metaverse

4.1 Historical Global Market Size by Type

4.2 Market Size Forecast by Application for Type 5 Metaverse in Global Media and Entertainment

5.1 Historical Market Size by Global Application

5.2 Global market size by application

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