Metaverse Market to Witness Robust Expansion by 2029

Metaverse market is anticipated to grow at a considerable CAGR of around 25% during the forecast period. Non-fungible tokens (NFTs) are virtual asset that represents digital items, such as pictures, videos, and in-game properties that are owned by blockchain users. NFTs enable the collection and trading of NFTs as digital assets with intense values. Several companies are turning to NFTs and virtual items to reach out to millennial users and expand their user base. For instance, in August 2021, Facebook launched a new virtual-reality remote work app called Horizon Workrooms. The app is in beta version and allows all users to hold meetings as a digital avatar version for their own. Moreover, various companies are exploring the viability of NFTs, such as Warner Bros. Fox, Lionsgate, Dolphin, and Viacom CBS. Additionally, increasing developments in DeFi applications are propelling the metaverse market across the globe owing to the increasing number of companies providing financial services specialized to virtual currencies. For instance, In October 2021, Visa has launched a unique NFT art from metaverse at a cost of $150,000. The artwork purchased is called CryptoPunk sporting the number 7610 is a Non-Fungible Token (NFT) asset. Moreover, with VISA CryptoPunk Anchorage is the first bank to hold new generation digital assets.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Component

· By Platform

· By Technology

· By Application

· By End-User

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- ByteDance Ltd., Meta Platforms, Inc, NetEase, Inc, NVIDIA Corp., Roblox Corp., Shenzhen Zhongqingbao Interactive Network Co., Ltd., The Sandbox, Unity Technologies, and others.

Metaverse Market Report by Segment

By Component

• Hardware

• Software

By Platform

• Desktop

• Mobile

• VR Headset

By Technology

· Blockchain

· VR & AR

· Mixed Reality

By Application

· Gaming

· Online Shopping

· Content Creation

· Social Media

· Others

By End-User

• BFSI

• Retail

• Manufacturing

• Media & Entertainment

• Education

• Aerospace & Defense

• Other

A full Report of Metaverse Market is Available @ https://www.omrglobal.com/industry-reports/metaverse-market

Metaverse market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

• Apple Inc.

• Binance

• Cognosphere Pte. Ltd.

• Decentraland

• Electronic Arts Inc

• GoMeta, Inc.

• Hyperlink InfoSystem

• Lilith

• Magic Leap, Inc.

• Metaverse Group

• Metaverse Game Studios, Inc.

• Microsoft

• Moonverse

• Nextech AR Solutions Corp

• Niantic, Inc.

• Shenzhen Zhongqingbao Interactive Network Co., Ltd.

• Somnium Space

• Take-Two

• The Sandbox

• Unity Technologies

• Valve Corporation

• Warner Music Inc.

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2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

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Media Contact:

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Contact Person: Mr. Anurag Tiwari

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About Orion Market Research
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