Metaverse Market by Product, Technology, End-Use - Russia Ukraine Conflict and High Inflation

List of Tables

The Global Metaverse Market is forecasted to grow significantly, with a projected USD 83.58 billion in 2023 at a CAGR of 35.80% and expected to reach a staggering USD 728.49 billion by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Metaverse Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Metaverse Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Hardware, Services, and Software. The Hardware is further studied across AR Devices, Displays, Headsets, Mobile, and VR Devices. The Services is further studied across Application Development And System Integration and Strategy And Business Consulting. The Software is further studied across 3D Mapping, Modeling, & Reconstruction, Extended Reality Software, Financial Platforms, Gaming Engines, and Metaverse Platforms. The Hardware commanded largest market share of 37.23% in 2022, followed by Services.

Based on Technology, market is studied across 3D Reconstruction, Artificial Intelligence (AI), Augmented Reality (AR) & Virtual Reality (VR), Blockchain, Cryptocurrency, Edge Computing & 5G, and Internet of Things (IoT). The Augmented Reality (AR) & Virtual Reality (VR) commanded largest market share of 18.11% in 2022, followed by 3D Reconstruction.

Based on End-Use, market is studied across Commercial, Consumer, Healthcare, Industrial Manufacturing, and Real Estate. The Commercial is further studied across Education & Corporate, Retail & eCommerce, and Travel & Tourism. The Consumer is further studied across Gaming & Social Media and Live Entertainment & Events. The Commercial commanded largest market share of 21.87% in 2022, followed by Consumer.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.43% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Metaverse Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Metaverse Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Metaverse Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Metaverse Market?

4. What is the competitive strategic window for opportunities in the Global Metaverse Market?

5. What are the technology trends and regulatory frameworks in the Global Metaverse Market?

6. What is the market share of the leading vendors in the Global Metaverse Market?

7. What modes and strategic moves are considered suitable for entering the Global Metaverse Market?

Product Code: MRR-742BD51815CD

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Metaverse Market, by Product, 2022 vs 2030
4.3. Metaverse Market, by Technology, 2022 vs 2030
4.4. Metaverse Market, by End-Use, 2022 vs 2030
4.5. Metaverse Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing trends and preference toward virtual shopping and online gaming
  - 5.1.1.2. Increasing popularity of mixed reality (MR), automated reality (AR), and virtual reality (VR) devices for residential and commercial uses
  - 5.1.1.3. Rise of metaverse smart cities and use of 5G network to overcome metaverse infrastructural limitations
- 5.1.2. Restraints
  - 5.1.2.1. Lack of interoperability and uniformity between various metaverse platforms
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of crypto metaverses supported by blockchain, AI, big data, and IoT technologies
  - 5.1.3.2. Prominent investments in expanding the use of metaverse across the retail sector
- 5.1.4. Challenges
  - 5.1.4.1. Data security and privacy concerns and strict regulations governing virtual safety in the metaverse
5.2. Market Trends
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Metaverse Market, by Product

6.1. Introduction
6.2. Hardware
- 6.2.1. AR Devices
- 6.2.2. Displays
- 6.2.3. Headsets
- 6.2.4. Mobile
- 6.2.5. VR Devices
6.3. Services
- 6.3.1. Application Development And System Integration
- 6.3.2. Strategy And Business Consulting
6.4. Software
- 6.4.1. 3D Mapping, Modeling, & Reconstruction
- 6.4.2. Extended Reality Software
- 6.4.3. Financial Platforms
- 6.4.4. Gaming Engines
- 6.4.5. Metaverse Platforms

7. Metaverse Market, by Technology

7.1. Introduction
7.2. 3D Reconstruction
7.3. Artificial Intelligence (AI)
7.4. Augmented Reality (AR) & Virtual Reality (VR)
7.5. Blockchain
7.6. Cryptocurrency
7.7. Edge Computing & 5G
7.8. Internet of Things (IoT)

8. Metaverse Market, by End-Use

8.1. Introduction
8.2. Commercial
- 8.2.1. Education & Corporate
- 8.2.2. Retail & eCommerce
- 8.2.3. Travel & Tourism
8.3. Consumer
- 8.3.1. Gaming & Social Media
- 8.3.2. Live Entertainment & Events
8.4. Healthcare
8.5. Industrial Manufacturing
8.6. Real Estate

9. Americas Metaverse Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Metaverse Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Metaverse Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Gym Street Acquires Japanese Kabutoucho Metaverse, Expanding Ecosystem and Experience
  - 12.3.1.2. Mozilla acquires Active Replica to build on its metaverse vision TechCrunch
- 12.3.2. Agreement, Collaboration, & Partnership
  - 12.3.2.1. SK Telecom inks metaverse agreement with Singtel
  - 12.3.2.2. Microsoft Details Metaverse Partnership With Facebook
  - 12.3.2.3. PwC Hong Kong Signs Collaboration Agreement With Metaverse Developer TerraZero Technologies Inc.
- 12.3.3. New Product Launch & Enhancement
  - 12.3.3.1. Indegene launches Metaverse capabilities to help life sciences companies create immersive healthcare experiences
  - 12.3.3.2. Forever 21 Launches the World's First Metaverse-Tested Fashion Collection
- 12.3.4. Investment & Funding
  - 12.3.4.1. South Korea invested US$51 million into metaverse projects
  - 12.3.4.2. L'Oreal's venture capital fund, BOLD, invests in Digital Village, a US startup focused on Metaverse & NFT marketplace
  - 12.3.4.3. Worlds Announces $21 Million Series A1 Funding Round to Scale Industrial Metaverse Platform

13. List of Company Mentioned

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing

1. Accubits Technologies

2. Active Theory, LLC

3. Antier Solutions Pvt. Ltd.

4. Apple Inc.

5. Avanade Inc.

6. Barco N.V.

7. Blockchain Technologies, LLC

8. DecentWorld

9. Google LLC by Alphabet Inc.

10. Kopin Corporation

11. KPMG LLP

12. Lenovo Group Limited

13. Magic Leap, Inc.

14. Meta Platforms, Inc.

15. Microsoft Corporation

16. Nextech AR Solutions Corp.

17. Niantic, Inc.

18. Nvidia Corporation

19. Oracle Corporation

20. Qualcomm Technologies, Inc.

21. Rooom AG

22. Samsung Electronics Co., Ltd.

23. Shamla Tech Solutions

24. Sony Corporation

25. STMicroelectronics N.V.

26. TDK Corporation

27. Tencent Cloud Europe B.V.

28. Unity Software Inc.

29. Virtual Realities, LLC

30. Viverse by HTC Corporation

31. Vuzix Corporation