A metaverse is a virtual reality space in which users can interact with one another in a computer-generated environment. The metaverse has numerous applications such as healthcare, real estate, education, military, gaming, and so on. Individuals are increasingly utilizing the metaverse, primarily for work, art, or investment purposes. According to a PC Magazine study, 52% of global internet users join the metaverse for job opportunities, 48% for art and live entertainment, 44% for financial investment, 40% for education, 32% for online dating and socializing, and 29% for gaming.
Market Overview:
Metaverse Market was valued at USD 38.65 billion in 2021 and it is expected to reach at USD 397.40 billion by 2028, with CAGR of 39.40% over the forecast period (2022-2028).
Global Metaverse Market report can help you in taking the right business decisions.
Request a Free Sample Copy:
Top Key players operated in Global Metaverse Market:
- 3i Inc. (South Korea)
- Apple Inc. (US)
- Atari, Inc. (France)
- Autodesk Inc. (US)
- Dapper Labs (Canada)
- Decentraland (China)
- Epic Games, Inc. (US)
- Fastly (US)
- Google LLC (US)
- IBM Corporation (US)
- Infor (US)
- Magic Leap, Inc. (US)
- Meta Platforms, Inc. (US)
- Microsoft Corporation (US)
- Nextech AR Solutions Inc. (Canada)
- NVIDIA Corporation (US)
- Oracle Corporation (US)
- PTC Inc. (US)
- Roblox Corporation (US)
Get Detailed Information about Global Metaverse Market:
Key Offerings:
- Global Metaverse Market Size & Forecast by Revenue | 2022−2028
- Global Metaverse Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by type, technology, application, and region.
- Competitive Landscape – Top key vendors and other prominent vendors
Global Metaverse Key Market Trends
- Global metaverse market is booming, with investors making multi-million-dollar deals. In 2021, sales of virtual land reached a new high of USD 500 million. Sales surged threefold in January 2022 compared to the same time in 2021. Rising interest in non-fungible tokens (NFTs) confirms that people are looking for novel and unconventional methods of investment. Over USD 100 million has already been spent on metaverse land plots. Sandbox, Decentraland, Cryptovoxels, and Somnium have been the “Big Four” in terms of real estate sales in Metaverse. The prices for virtual lands have risen by up to 500%, following Facebook's announcement that it was going all-in on virtual reality and changing its business name to Meta Platforms.
- Live events and social advertisements have the potential to boost market share. The potential to incorporate live events such as concerts, film screenings, and sports into 3D virtual worlds creates new opportunities for game developers as they elevate online experiences into 3D social environments in order to profit on the Metaverse possibility. Epic Games and Roblox have previously held concerts within their games, while Unity is looking to explore ways to include live sports content and tools into its 3D developer kit.
The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Ask our analyst for more information:
About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
Address:
1 Apache Way, Westford, Massachusetts 01886
Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com
