Connect with us

Metaverse

Metaverse Market Size Predicted US$ 1,803 Billion By 2030 – – GlobeNewswire

Published

on

| Source: Acumen Research and Consulting Acumen Research and Consulting
Pune, INDIA
BEIJING, May 25, 2022 (GLOBE NEWSWIRE) — The global metaverse market size is anticipated to reach a market value of around USD 1,803 billion by 2030 growing at an annual rate of above 45.8% from 2022 to 2030

The metaverse is a united virtual society where everyone can socialize, work, play, transact, and relax. The metaverse is currently in its early stages of development. However, concepts of what the metaverse is and could be are beginning to emerge.
The metaverse is projected to generate new revenue streams by giving businesses a new opportunity to promote goods and services while also allowing them to collect new forms of data generated by user interactions. However, many technological problems and societal considerations must be overcome before corporations can expect a significant return on investment for this type of business effort. Microsoft, Facebook (rebranded Meta), Nvidia, and Roblox are frequently mentioned as metaverse pioneers. These companies are known for their mixed reality research and development, and they’re currently looking into ways to monetize head tracking and other sorts of user-generated data in the metaverse. For instance, In October 2021, Mark Zuckerberg described the metaverse as an integrated internet in which the user is an active participant. According to Zuckerberg, the metaverse will be the mobile internet’s replacement, significantly changing the way people work and interact.
Request for a sample of this premium research report @ https://www.acumenresearchandconsulting.com/request-sample/2900
COVID-19 Impact on Metaverse Industry
According to a recent survey of corporations from chosen countries that already have invested in the metaverse, more than 90% of those polled said that the global COVID-19 epidemic had accelerated the establishment of metaverse technologies. Adoption of the metaverse was unavoidable, although the epidemic accelerated the process by years. There are numerous social, educational, and economic opportunities. When it comes to resuming physical labor, organizations have been mostly on a “will they or won’t they” basis since the initial outbreak lockdowns in 2020. Tech companies began developing this technology and announced investments in 2020. The year 2021 was a good year for metaverse technology investments, thanks to Meta’s billion-dollar investment (Facebook). In addition to the on-going trend of work from home, growth in online gaming, and venture capitalist investing in metaverse many SMEs saw an opportunity to launch and invest in this business. For instance, in February 2022 – Asgard, a decentralized finance startup, launched a decentralized autonomous organization (DAO) to bring the metaverse, decentralized finance (DeFi), and non-fungible tokens (NFTs) onto a single platform. Thus, according to our analysis, the pandemic functioned as a catalyst for the metaverse technology, and the post-pandemic environment is predicted to stimulate customer interest.
Don’t fail to benefit from business opportunities in Metaverse Market. Speak to our analyst, ask any queries and our analyst will help your business grow.
Market Segmentation
The global metaverse market segmentation includes component, platform, technology, offering, application, end-use, and geography. Based on the component, the market is divided into hardware, software, and services. Among them, the hardware segment held a significant metaverse market share while the software segment is likely to attain a substantial growth rate in the coming years.
Based on the platform, the market is split into desktop, mobile, and headsets. Out of these, the headsets segment is anticipated to grow at a substantial rate all through the forecast period 2022 – 2030.
By technology, the market is divided into television blockchain, virtual reality (VR) & augmented reality (AR), mixed reality (MR), and others. Among them, the VR & AR segment generated the largest metaverse market revenue. However, the mixed reality segment is likely to obtain a noteworthy CAGR throughout the forecast timeframe.
The offering segment is split into avatars, asset marketplaces, virtual platforms, and financial services. The asset marketplaces segment will witness the fastest growth in the coming years, whereas the virtual platforms segment contributed to a leading market share in 2021.
Application segments can be classified into gaming, online shopping, events & conference, content creation & social media, digital marketing (advertising), testing and inspection, and others. Among them, the gaming segment acquired the maximum market share in 2021. Many gaming giants such as Tencent Holdings Ltd. and Epic Games are launching their metaverse platform to improve their gaming experience. This is witnessed to be one of the noteworthy trends in the metaverse market.
Furthermore, by end-use, the market is categorized into BFSI, automotive, media & entertainment, retail, education, aerospace & defense, and others. The media & entertainment industry is one of the leading segments with respect to market share while the aerospace & defense industry is expected to grow at a remarkable rate.
Interconnected Reports ICT Market
The global blockchain technology market is anticipated to grow at a CAGR of around 80.2% during the forecast period 2020 to 2027 and to value around US$ 3.7 Bn by 2020.
Global smart manufacturing market is expected to reach the market value of around US$ 582 Bn by 2028 and are anticipated to grow at a CAGR of around 13.3% in terms of revenue during the forecast period 2021 – 2028.
The global automotive AR and VR market is anticipated to reach market size of around US$ 55,000 Mn by 2027 and is anticipated to grow at a CAGR of around 77% in terms of revenue during the forecast period 2020 – 2027.
The global market for private 5G network accounted for US$ 1,372 Mn in 2021 and is estimated to reach US$ 31,589 Mn by 2030, with a significant CAGR of 42.4% from 2022 to 2030
Regional Overview
North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa are the regional classification of the global metaverse market. Based on the regional classification, the Asia-Pacific region is anticipated to witness the fastest growth rate throughout the forecast period 2022 – 2030. Technological improvements in the Asia-Pacific have been much faster and more favored by tech titans, entrepreneurs, and government departments in the region. The Asia-Pacific market is additionally backed by a strong industrial environment, high commercial value, and technical revolutions such as gaming, education, entertainment, social networking, and digitalization. Meanwhile, the North America region accumulated the largest market share in 2021 due to the growing emphasis on merging digital and physical worlds over the internet, as well as the growing traction and popularity of mixed reality.
Major Players
Key metaverse companies covered in the report are ByteDance Ltd., Decentraland, Epic Games, Inc., Meta Platforms, Inc., Microsoft Corporation, NetEase, Inc., Nextech AR Solutions Corp., Nvidia Corporation, Roblox Corporation, Tencent Holdings Ltd., The Sandbox, and Unity Technologies, Inc.
To receive personalized service, please share your research needs here@ https://www.acumenresearchandconsulting.com/request-customization/2900
Buy this premium research report – https://www.acumenresearchandconsulting.com/buy-now/0/2900
About Acumen:
Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
Contact Us:
Mr. Frank Wilson
Acumen Research and Consulting
USA: +14079154157
India: +918983225533
E-mail: sales@acumenresearchandconsulting.com

source

Metaverse

Metaverse Crypto Index Fund Launched by Matthew Ball, Multicoin, and Bitwise – Decrypt

Published

on

Search
There's a wide array of crypto builders working to bring the metaverse to life, whether it's via platforms, tools, assets, or infrastructure. Now one of the leading voices around the metaverse has launched an index fund focused on crypto assets tied to the next-generation internet.
Today, writer and venture capitalist Matthew Ball announced a partnership with Multicoin Capital and Bitwise Asset Management to launch the Ball Multicoin Bitwise Metaverse Index. Bitwise has also made an associated fund available to qualified purchasers.
"We developed the Ball Multicoin Bitwise Metaverse Index Fund because, prior to today, there was no easy, expert, and methodologically diversified way for investors to have broad-based exposure to bona fide metaverse-focused crypto assets," Ball told Decrypt.
"To this end, the Index doesn't exist to time Event A or Market Conditions B. It exists so that investors can participate in what we believe is a multi-trillion dollar transformation, which will unfold over the coming decade," he continued. "If blockchain is relevant to the future of the metaverse, and our approach is sound, we believe the opportunity is significant—today, tomorrow, next month, and so forth."
The index will feature up to 40 crypto assets chosen by the partners, but a list of included assets was not provided to Decrypt by the time of publication. Bitwise's associated fund is available to qualified purchasers with a $100,000 minimum investment.
Ball described the Ball Multicoin Bitwise Metaverse Index as a "rules-driven index that combines the best of institutional indexing approaches with special adaptations to the crypto and metaverse spaces. That includes various risk screens, such as analyzing liquidity, developer activity, tech and regulatory risk, and "relevancy to the metaverse," said Ball.
"The ultimate goal is to curate the crypto assets that will be outsized contributors to the creation and success of an open metaverse," he added.
The metaverse refers to a future version of the internet that many believe will be built on blockchain technology. It's expected to be a more immersive and interactive experience that people navigate via 3D avatars and use for work, play, shopping, and socializing. It may also use NFT assets for user-owned items like avatars, apparel, and virtual land.
Ethereum-based games like Decentraland and The Sandbox are seen as early examples of the metaverse.
Facebook also showcased its own vision for the space and even rebranded its parent company to Meta last fall. However, it's not entirely clear whether Facebook's plan is for an open platform that is interoperable with others.
Ball is a leading writer on the metaverse whose work has been published in The New York Times, The Economist, and Bloomberg. His book, "The Metaverse: And How It Will Revolutionize Everything," is due out from W.W. Norton in July.
He's also a managing partner at EpyllionCo, which has invested in crypto startups such as Dapper Labs and Mirror, as well as a venture partner at Makers Fund. Ball is also behind the Roundhill Ball Metaverse ETF, which focuses on metaverse-centric stocks and trades on the New York Stock Exchange.
"Our objective was the creation of a diversified, balanced, and expertly-designed crypto Metaverse Index," explained Multicoin Capital co-founder and managing partner, Kyle Samani.
"This required a similarly capable team," he continued. "Matthew Ball is the definitive thought-leader in metaverse strategy and investing. We specialize in crypto assets and are one of the preeminent crypto investment firms. And Bitwise Asset Management is the proven leader in crypto indexes and index funds."

source

Continue Reading

Metaverse

Meta's losses show the metaverse's costly risk – Insider Intelligence

Published

on

source

Continue Reading

Metaverse

Facebook parent Meta launches startup accelerator with India’s IT ministry in metaverse push – TechCrunch

Published

on

Meta Platforms is looking at India’s burgeoning startup ecosystem as it bolsters its bet on the metaverse. The social juggernaut has partnered with the Indian IT Ministry’s startup hub to launch an accelerator in the country to broaden innovation in emerging technologies, including augmented reality and virtual reality, officials said Tuesday.
MeitY Startup Hub and Meta’s effort, called XR Startup Program, will work with 40 early-stage startups and help them in research and development and developing workable products and services. Each startup will also receive a grant of over $25,000, the American giant said.
The program, supported by Meta’s $50 million XR Programs and Research Fund, will initially hand pick 80 startups to attend a bootcamp. It will also help startups with finding customers, inking relationships and raising funds, Meta said.
Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development and Entrepreneurship, said the program is especially aimed at helping encourage technology innovation in smaller cities and towns.
The XR Startup Program is the latest of Meta’s growing participation in the South Asian market’s upskilling efforts. The firm, whose Facebook and WhatsApp services identify India as their largest market by users, partnered with Central Board of Secondary Education, a government body that oversees education in private and public schools in the country, to launch a certified curriculum on digital safety and online well-being, and augmented reality for students and educators in the country.
The program — to be implemented by four Indian institutions, including IIT Delhi — will also host a “grand challenge” for innovation in categories including education, healthcare, entertainment, agritech, climate action, sustainability and tourism, the American giant said.
“India will play a pivotal role in defining future technologies. Decisions and investments made here in India now shape global discussions on how technology can deliver more economic opportunity and better outcomes for people. It is critical that we help to create an ecosystem that will enable India’s tech startups and innovators to build the foundations of the metaverse,” said Joel Kaplan, VP of Global Policy at Meta, in a statement.
Meta’s interest with working with startups in India is also not newly found. The company has backed three startups in the country, including social commerce platform Meesho and online education group Unacademy.
3 views: Is the metaverse for work or play?

“India’s rapid tech adoption combined with a vast pool of tech talent puts the country in a vantage position for shaping the future of the internet,” said Ajit Mohan, VP and MD of Facebook India, in a statement.
“For this future to be equitable, it will require active participation from all stakeholders, including developers, businesses, creators, policymakers, and entrepreneurs. We are excited to collaborate with MeitY Startup Hub and hope that the XR Startup Program will act as a catalyst to unlock the use of immersive technology across sectors like education, healthcare, agritech and tourism, not only in India but across the globe.”

source

Continue Reading

Trending

Copyright © Diaily Meta News