Global Metaverse Infrastructure Market : Thing you need to know

 

The global Metaverse Infrastructure market was valued at USD 147.2 Billion in 2021, and it is expected to reach a value of USD 1,368.3 Billion by 2028, at a CAGR of 37.5% over the forecast period (2022 - 2028).

Metaverse refers to a deeply immersive 3D virtual world experience gained by the employment of a combination of AR, VR, and MR technologies. By creating a virtual world where users may play immersive games, conduct business, interact socially, buy and sell virtual properties, and enjoy immersive entertainment, the metaverse platform enhances the internet experience. The key aspect that drives the growth of the global metaverse infrastructure market is the growth and acceptance of metaverse among the people. A growing interest of people in using the Internet to connect the virtual and real worlds, the emergence of COVID-19, along with the popularity of mixed reality (MR), augmented reality (AR), and virtual reality (VR) further aided the growth of the global metaverse infrastructure market.

Know more https://skyquestt.com/report/metaverse-infrastructure-market

Global Metaverse Infrastructure Market Segmental Analysis

The global Metaverse Infrastructure market is segmented based on technology and application. Based on the technology, the market is segmented into Blockchain, Virtual Reality (VR) & Augmented Reality (AR), Mixed Reality (MR), and Others. The other segment includes artificial intelligence (AI), IoT, 3D reconstruction, brain-computer interface, machine learning, and 5G. Based on the application, the market is segmented into Gaming, Online Shopping, Content Creation, Social Media, and Others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by Technology

The Virtual Reality (VR) & Augmented Reality (AR) segment of the market is projected to hold the most significant share in the global metaverse infrastructure market. While, on the other hand, the Mixed Reality (MR) segment is anticipated to grow at the fastest rate in the upcoming years. This is accredited to the growing use of MR to engage more proficiently in the metaverse. Mixed reality allows people to engage with the metaverse directly in a physical space. To interact with the metaverse, users don't need a virtual reality headset. Users might simply utilize a keyboard to communicate with the metaverse, regardless of their level of involvement. In order to improve the gaming experience and make games more realistic, AR and VR technology are being used in the gaming industry. However, in the upcoming years, it is anticipated that the demand for VR and AR gadgets would significantly increase. As a result, it is anticipated that the segment will have a substantial impact on the Metaverse market. The expanding gaming industry is predicted to increase demand for VR and AR technology.

Top Company Profiles

  • Sony Corp. (Japan)
  • Google Inc. (US)
  • Microsoft Corp. (US)
  • Oculus VR (US)
  • HTC Corporation (Taiwan)
  • Seiko Epson Corporation (Japan)
  • Samsung Electronics Co. Ltd. (South Korea)
  • Lenovo Group Ltd. (China)
  • Magic Leap Inc. (US)
  • Meta Platforms Inc.

Global Metaverse Infrastructure Market Dynamics

Driver

  • The growing demand for metaverse is the soul aspect that drives the growth of the global metaverse infrastructure market. There has been a significant demand for the metaverse for purchasing digital assets using cryptocurrencies. These currencies are accustomed to paying for everything, including NFTs, virtual homes, and avatar shoes. The physical and digital worlds are linked via cryptocurrencies. They enable us to determine the value of digital assets in terms of the money issued by the government as well as the growth of such assets over time. Cryptocurrency purchases through the metaverse are becoming more popular all across the world; which positively influences the growth of the market.

Restraint

  • The threat of cyberattacks and higher installation prices are some of the major challenges in the market. For instance, deployment of 5G from 4G requires massive investments which might put a delay in implementation and acts as a challenge in the market. For deployment of such advanced technology, the needed throughput density, periodic interest rate, and base station pricing are all influenced. For effective and ultra-dense small cell deployments, these expenses must be reduced. Thus, this might delay the market growth.

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