Press release
Metaverse Market Size 2023: Global Share, Industry Trends, Value, Scope and Report Analysis by 2028
Metaverse Market Report 2023-2028
Industry Overview of Metaverse Market
Metaverse refers to a virtual shared space where individuals can interact with a computer-generated environment in real-time. It creates a fully immersive and interconnected digital world and provides enhanced virtual reality (VR) experiences to people. It allows users to navigate, communicate, explore, and engage with virtual space through various devices, such as VR headsets, augmented reality (AR) glasses, or even conventional screens. As it provides gaming, education, and entertainment experiences within a simulated environment, the demand for metaverse is increasing across the globe.
How Big Is the Metaverse Market?
The global metaverse market size reached US$ 71.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 507.5 Billion by 2028, exhibiting a growth rate (CAGR) of 38.1% during 2023-2028.
Request for a PDF sample of this report: https://www.imarcgroup.com/metaverse-market/requestsample
Metaverse Market Trends and Drivers:
At present, the rising adoption of the metaverse, as it assists in engaging more customers and generates increased revenues for a business, represents one of the primary factors strengthening the market growth. Besides this, the growing demand for metaverse due to the easy availability of high-speed internet connectivity around the world is offering a positive market outlook. Apart from this, the increasing adoption of metaverse in e-commerce businesses to create virtual storefronts and provide enhanced shopping experiences to customers is bolstering the growth of the market. Moreover, the rising demand for more immersive and interactive virtual experiences among the masses across the globe is offering lucrative growth opportunities to industry investors. Furthermore, the increasing employment of metaverse in the education industry for an improved learning environment is propelling the growth of the market.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Component Insights:
Hardware
Software
Service
Technology Insights:
Blockchain
Virtual Reality and Augmented Reality
Mixed Reality
Others
Application Insights:
Gaming
Online Shopping
Content Creation and Social Media
Events and Conference
Digital Marketing
Testing and Inspection
Others
Industry Vertical Insights:
BFSI
Retail
Media and Entertainment
Education
Aerospace and Defense
Automotive
Others
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Alibaba Group Holding Limited
Decentraland
Electronic Arts Inc.
Facebook Inc.
Nextech AR Solutions Inc.
Nvidia Corporation
Roblox Corporation
The Sandbox
Unity Technologies
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Ask Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=6115&flag=C
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Contact us:
IMARC Group
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Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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