Market Insights

 The Metaverse is a virtual interactive self-sufficient ecosystem comprising mobile networks, augmented reality, social media, gaming, virtual reality, e-commerce, cryptocurrency, and workplace. This universe is envisioned as the internet's future, bringing together augmented reality (AR), virtual reality (VR), and physical worlds in a common digital arena. NFTs and online events are exploding, opening up a world of possibilities for the metaverse and associated technologies.

The transition to the Metaverse is fast approaching. Several components and features of this open-source platform have progressed to the point where they may be smoothly merged to investigate the idea of building a parallel virtual reality. NFTs and online events are exploding, opening up a world of possibilities for the metaverse.

Segmental Analysis

The Global Metaverse Market is segmented based on Type, Technology, and Application. Based on Type it is categorized into: Mobile and Desktop. Based on Technology it is categorized into: Blockchain, VR AR, Mixed Reality, and Others. Based on Application it is categorized into: Gaming, Online Shopping, Content Creation, Social Media, and Others. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.

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Competitive Landscape

The global metaverse market is fairly concentrated, with a few big and medium-sized market participants accounting for a large portion of market revenue. Major players are implementing numerous tactics, including mergers and acquisitions, strategic agreements and contracts, and the development and testing of metaverse platforms.

Top Players Company Profiles

• 3i Inc. (South Korea)
• Apple Inc. (US)
• Atari, Inc. (France)
• Autodesk Inc. (US)
• Dapper Labs (Canada)
• Decentraland (China)
• Epic Games, Inc. (US)
• Fastly (US)
• Google LLC (US)
• IBM Corporation (US)
• Infor (US)
• Magic Leap, Inc. (US)
• Meta Platforms, Inc. (US)
• Microsoft Corporation (US)
• Nextech AR Solutions Inc. (Canada)
• NVIDIA Corporation (US)
• Oracle Corporation (US)
• PTC Inc. (US)
• Roblox Corporation (US)

Recent Developments

• In January 2022, Microsoft Corp announced a USD 68.7 billion acquisition of "Call of Duty" creator Activision Blizzard in 2022. It is regarded as the largest game industry transaction in history, with global technological behemoths staking their claims to a virtual future. Microsoft's gaming market share was forecast to be 6.5 percent in 2020, and the addition of Activision to their portfolio is expected to increase it to 10.7% by 2022.
• In January 2022, Brew Master, a new metaverse-based game, was announced by Zhongqingbao, one of China's earliest gaming firms. As a result, the company's stock price increased by more than 20% in the 24 hours after the news, prompting a trade stop.
• In January 2022, XRHealth and HTC announced that they will offer Virtual Treatment Rooms on the VIVE Focus 3 and VIVE Flow. Physical therapy, occupational therapy, and pain management will be among the treatments available in the virtual treatment rooms.