5 Key Insights on US$ 700 Bn Opportunity in Global Metaverse Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The global metaverse market has expanded as a result of the development in demand for three-dimensional (3D) virtual environments as remote working tools during the COVID-19 period, the Metaverse Market is Forecasted to Cross US$ 700 Bn by 2030 says Ken Research Study. Metaverse can be defined as an integrated network of a 3D virtual world that allows the users to have virtual interaction. It is the digital reality that combines the aspects of virtual reality, augmented reality, and mixed reality. Some of the major end users of the metaverse include healthcare, gaming, social media & live events, and others. According to Ken Research estimates, the Global Metaverse Market – which grew from around US$20 Bn in 2019 to nearly US$50 Bn in 2022 – is expected to grow further into a more than US$700 Bn opportunity by 2030. Ken Research shares 5 key insights on this high opportunity market from its latest research study. 1. The COVID-19 Pandemic has aided in the Acceleration of Global Metaverse Market Growth to ~40%. Due to its ability to replicate a virtual environment that enables technologies like Virtual Reality, Augmented Reality, Mixed Reality, Blockchain, and others, the Global Metaverse Market is anticipated to develop rapidly during the forecast period. In addition, the COVID-19 pandemic was the primary force behind Metaverse since it anticipated increased demand around the world compared to the period before the pandemic. In response to the pandemic and ongoing advancements in 5G technology, sectors like healthcare and education began adopting Metaverse, and workplaces switched from offline to virtual video streaming events. This offers the Metaverse a chance to expand. 2. Rise In Consumer Spending On Virtual Concerts And Remote Working Tools Drives the Metaverse Market Growth. With the increase in the demand for Metaverse platforms, users have found a new way to socialize themselves with each other across the globe in the virtual world. Enterprises can manage and meet their employees on a platform made available by Metaverse, communicate with them, and retain in-person engagement even when working remotely. It also helps in keeping track of employees inside the virtual work. Such application of the metaverse platform in the modern workplace helps in the growth of the metaverse market. As the demand for virtual concerts has grown, users in the media and entertainment industries have spent a lot of money on them. The concerts are organized in a virtual environment with the use of VR headsets and AR technology. AmazeVR, a virtual concert platform based in Los Angeles, announced on September 2022, that it has secured a US$ 17 million fundraising round to produce immersive music experiences through VR concerts. 3. Rise in Cyber Attacks is a major concern to Global Metaverse Market. Technology like virtual reality and augmented reality have the power to combine the real world with the virtual world, opening up new opportunities for hackers to target users of metaverse technology and their businesses. Major leading players have faced a loss of billions of dollars due to these cyber-attacks. An increasing number of cyber-attacks may hinder market growth. The Federal Bureau of Investigation (FBI), Internet crime complaint center reported 2,084 complaints from January to July 2021. 4. Hardware Segment Held The Major Share In Terms of Components and Is Expected To Maintain Dominance During The Forecast Period. The hardware segment is projected to account for the largest market share during the forecast period. Hardware segment provides devices such as AR/VR headsets & displays, and extended reality hardware. Companies are focusing to develop more advanced hardware, such as VR/AR headsets, haptic devices, and sensors, to enhance the realism of virtual worlds. For instance, in October 2021, Meta Reality Labs, Facebook’s parent company, will invest at least US$ 10 billion in the creation of gear for augmented reality (AR) and virtual reality (VR). 5. With the Majority of the Revenue Share, North America Region Dominated the Global Metaverse Market in 2021. The industry is anticipated to have significant expansion as a result of the presence of numerous significant players in the North American market. The numerous academic and research institutions in this North America are attempting to investigate the further potentials of the metaverse market. Another factor anticipated to boost the regional market’s revenue growth is the rising number of start-ups focusing on the creation of metaverse platforms for commercialization. In September 2021, Meta platforms announce US$ $50 million investment in global research and program for the development of its Metaverse. For More Information, refer to below link:- Metaverse Applications Development Companies Related Report North America Wearable Electronics Market Outlook and Forecast to 2027 – Driven by Growing Smartphone & Digital Device Adoption, Technological Advancement, and Heightened Awareness of Health-Related Activities Indonesia D2C Online Retail Market Outlook to 2026– Driven by high smart phone and Internet Penetration, changing Consumer lifestyle along with the inclination towards exploring New brands and Products Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Post Views: 15 Tags: Africa Metaverse Market, Alibaba group Blockchain Market, Antier AR Solutions Market, Artificial Intelligence Solutions Companies, Asia-Pacific Metaverse Market, Asset Marketplace Metaverse Market, Augmented Reality Metaverse Market, blockchain metaverse market, Bytedance Blockchain Market, Challenges in Growth of Metaverse Industry, Cloud Platform Solutions Companies, Competitors in Metaverse Industry, Decentraland Augment Reality Market Growth, Desktop Metaverse Market, Emerging Companies in Metaverse Market, Europe Metaverse Market, Financial Services Metaverse Market, Gaming Development Companies in Metaverse, Gaming Device Manufacturers, Gaming Platform Solutions Companies, Global Augmented Metaverse Market, Global Avatars Metaverse Market, Global Blockchain Metaverse Market, Global Cloud Services Companies, Global Metaverse End User Industry, Global Metaverse Hardware Device Manufacturers, Global Metaverse Industry, Global Metaverse Industry Outlook, Global Metaverse Market, Global Metaverse Market Growth Rate, Global Metaverse Platform Providers, Global Metaverse Sector, Global Metaverse Software Companies, Global SaaS Solutions Companies, Global Virtual Metaverse Market, Global Virtual Platform Metaverse Market, Growth Opportunities in Metaverse Market, Investment Banks focused on Technology Industry, Latin America Metaverse Market Revenue, Leading Players in Metaverse Market, Major Companies in Metaverse Market, Metaverse Applications Development Companies, Metaverse Companies Association, Metaverse Market Opportunity Analysis, Metaverse Professional Services Market, Microsoft Hololens Metaverse Market Share, Middle East Metaverse Market, Mobile Metaverse Market, Nextech AR Solution Augment Reality, North America Metaverse Market, NVIDIA Geforce RTX Metaverse Market Revenue, Quest Meta Platforms Market, Roblox Corporation Augment Reality Market, Software Solutions Companies, Technology Solutions Companies, Tencent Blockchain Metaverse Market, Top Companies in Metaverse Industry, Trends in Metaverse Market, Unity AR Software Market Share, Virtual Reality Hardware Device Manufacturers, Virtual Reality Solutions Companies, Wearable Metaverse Market, Worldwide Metaverse Market