The Metaverse market is expected to reach a value of USD

Westford, USA, April 20, 2022 (GLOBE NEWSWIRE) – The transition to the metaverse is fast approaching. Several components and features of this open source platform have advanced to the point where they can be easily intertwined to explore the idea of ​​building parallel virtual reality. NFTs and online events are exploding and opening up a world of possibilities for metaverse and related technologies. As the pandemic gives the much-needed impetus to a changing global perspective of interaction and immersive social interaction, the conversation around the meta-verse has resurfaced, and with people like Meta, Google and Microsoft on board, the dialogue has been strengthened and is moving towards actualization in form. of increasing interest in project financing, expanding the scope of technology collaborations, changing market paradigms and overwhelming user response.

Read the market research report, “Global Metaverse Market segmented by type (mobile, desktop), by technology (Blockchain, VR and AR, Mixed Reality and others), by application (games, online shopping, creative content, social media and more) & By region – Forecast & Analysis 2021-2027 ”by SkyQuest

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Every industry is transformed by Metaverse. Since the inception of the metaverse, the gaming industry has undergone a seismic transformation. Several metaverse concepts, such as 3D avatars and world-building, are already present in early immersive games such as Sim City, Minecraft and Second Life. And the main trend of online, interactive and immersive games will only accelerate.

In addition, training simulations in the healthcare sector are expected to be an important application of the metaverse and virtual reality. 3D avatars of healthcare professionals will be able to interact with tools like digital whiteboards in the metaverse, and they will be able to meet face to face without using complicated conference equipment. Major technology companies such as Alphabet, Amazon, Apple and Microsoft are stepping up efforts to reshape healthcare by inventing and collaborating on new tools that can benefit consumers, healthcare professionals and insurance companies. For example, in 2016, Microsoft developed HoloLens software, HoloAnatomy, in collaboration with Case Western Reserve University and the Cleveland Clinic, which allows medical students to examine every component of human anatomy, from muscles to veins, in 3D on a dynamic holographic display. model.

High consumer adoption of metaverse is the next big retail option, based on the rapid growth of leading e-commerce companies like Amazon, eBay and Shopify. Millions of users now regularly log on to existing metavers, suggesting an important new channel for marketers to leverage for everything from new revenue streams to organic marketing.

For architects, the metaverse promises a whole new realm free from the boundaries of the physical world. Not only will architects be needed to help meet the metaverse’s massive content needs – literally developing the structures, cities and real estate that will house all of the metaverse’s activities – but it will also be a place where they can work more. creatively and productively. .

FMCG companies are experimenting with non-fungible tokens (NFTs) and metaverse. Coca-Cola and Campbell Soup Company are the two most recent companies to have used it. For example, in January 2022, Mc. Donald’s has teamed up with Humberto Leon to create an interactive “zodiac” space.

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Meta verse (or virtual real estate) is already big business. Superstars like Snoop Dog, as well as multinationals like PwC, JP Morgan, HSBC and Samsung, have already bought virtual land that they plan to develop for various purposes. Those who bought early have already seen significant gains – at least on paper. The average price for the smallest plot available for purchase on Decentraland or Sandbox – two of the largest metaverse platforms – was below $ 1,000 less than a year ago. It’s currently worth about $ 13,000.

Many other industries will be affected by the metaverse, and new opportunities and jobs will emerge in each of them.

The big vision of a virtual reality space for socializing, gaming, work and commerce has never been closer, even though it is still under development. Existing metaverse platforms are not currently connected. However, users should eventually be able to switch between platforms without losing any of their assets or avatars.

that Metaverse market The report published by SkyQuest Technology Consulting provides in-depth qualitative information, historical data and verifiable projections of market size. The projections presented in the report are derived using proven research methods and assumptions.

SkyQuest has segmented the global metaverse market based on type, technology, application and region:

  • Metaverse Outlook (revenue, millions of USD, 2021 – 2027)
  • Metaverse Technology Outlook (revenue, millions of USD, 2021 – 2027)
    • blockchain
    • VR and AR
    • mixed reality
  • Metaverse Application Outlook (revenue, millions of USD, 2021 – 2027)
    • Game
    • Shopping online
    • Content creation
    • Social Media
  • Metaverse Regional Outlook (revenue, millions of USD, 2021 – 2027)
    • North America
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • The rest of Europe
    • Asia and the Pacific
      • China
      • India
      • Japan
      • The rest of the Asia-Pacific
    • Central and South America
    • Middle East and Africa
      • GCC countries
      • South Africa
      • The rest of the MEA

List of key players in Metaverse Market

  • 3i Inc. (South Korea)
  • Apple Inc. (USA)
  • Atari, Inc. (France)
  • Autodesk Inc. (USA)
  • Brave Laboratories (Canada)
  • Decentraland (China)
  • Epic Games, Inc. (USA)
  • Fast (USA)
  • Google LLC (USA)
  • IBM Corporation (USA)
  • News (USA)
  • Magic Leap, Inc. (USA)
  • Meta Platforms, Inc. (USA)
  • Microsoft Corporation (USA)
  • Nextech AR Solutions Inc. (Canada)
  • NVIDIA Corporation (USA)
  • Oracle Corporation (USA)
  • PTC Inc. (USA)
  • Roblox Corporation (USA)

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The Metaverse market is expected to reach a value of USD

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