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The Metaverse Is Transforming The Management Consulting Services Market As Per The Business Research Company's Management Consulting Services Global Market Report 2022 – GlobeNewswire

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| Source: TBRC Business Research PVT LTD TBRC Business Research PVT LTD
Hyderabad, INDIA
LONDON, July 28, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the management consulting services market, metaverse consulting services are gaining popularity in the management consulting services market trends. The metaverse is a shared virtual environment that people access via the internet to work, socially interact, transact, play, and even create. Consulting companies are offering metaverse services to help companies develop strategies to operate and interact with customers in transformative ways.
For instance, in March 2022, Accenture, an Ireland-based management consulting company, launched a new metaverse advisory business line, which will support clients with everything from strategy through to metaverse world-building. Similarly, in January 2022, Deloitte, a UK-based management consulting company, launched new metaverse services and a studio that will use Nvidia’s Omniverse tools. This will help clients harness next-generation strategies, tools, and technologies to create and connect virtual worlds.

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The global management consulting services market is expected to grow from $891.88 billion in 2021 to $973.67 billion in 2022 at a compound annual growth rate (CAGR) of 9.2%. The growth in the management consulting services market is mainly due to companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The management consulting services market share is expected to reach $1320.94 billion in 2026 at a CAGR of 7.9%.
With a 3.68% share of the market, Deloitte Touche Tohmatsu Limited was the largest competitor in the management consulting services market in 2021. Deloitte Touche Tohmatsu Limited is a provider of professional services. The firm offers audit, risk advisory, financial advisory, consulting, tax, and legal services. Deloitte’s growth strategy focuses on strengthening its business operations through strategic acquisitions. For instance, in March 2022, the company acquired BIAS Corporation, a cloud consulting company leading in the Oracle Cloud Infrastructure (OCI) marketplace. Through this acquisition, the company aims to help its clients develop powerful foundations for the future enabled by Oracle Cloud Applications and Oracle Cloud Infrastructure.
Major companies in the management consulting market include Accenture, Deloitte Touche Tohmatsu Limited, Total SA, PwC, Ernst & Young, KPMG, Aon P.L.C, Aon Hewitt, McKinsey & Company, and Boston Consulting Group Inc.
The global management consulting services market is segmented by type into operations advisory, financial advisory, technology advisory, strategy advisory, other consulting services, HR advisory; by end use industry into IT services, manufacturing, financial services, mining and oil & gas, construction, others; by service provider into large enterprise, small and medium enterprise.
Western Europe was the largest region in the management consulting services market in 2021. North America was the second largest region in the management consulting services market. The regions covered in the management consulting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Management Consulting Services Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provide management consulting services market overviews, management consulting services market analyze and forecast market size and growth for the whole market, management consulting services market segments and geographies, management consulting services market trends, management consulting services market drivers, management consulting services market restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Interested to know more about The Business Research Company?
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Meta's losses show the metaverse's costly risk – Insider Intelligence

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

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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.
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“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.”

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WHAT IS QUILVIUS (QVUI)? LET'S EXPLORE THIS UPCOMING METAVERSE CRYPTO PROJECT – Asianet Newsable

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WHAT IS QUILVIUS (QVUI)? LET’S EXPLORE THIS UPCOMING METAVERSE CRYPTO PROJECT  Asianet Newsable
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