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Published
3 weeks agoon
By
Urban Moolah
Download Sample Report for the Competitive Insights to make confident decisions using our benchmarks and analysis
Metaverse Market Geography Outlook (Revenue, USD bn, 2021-2026)
38% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the metaverse market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC. The rising adoption of technologically advanced applications among consumers will facilitate the metaverse market growth in North America over the forecast period.
Metaverse Market Device Outlook (Revenue, USD bn, 2021-2026)
The metaverse market share growth by the VR and AR devices segment will be significant during the forecast period. VR and AR devices segment accounted for the highest market share in 2021. This includes various headsets, smart glasses, and lenses used for interacting on the metaverse platform. The segment is expected to grow at a moderate pace during the forecast period. Moreover, factors such as new product launches and growing adoption of VR/AR in different application areas, including metaverse, are expected to drive the segment growth.
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Increasing Demand for AR and VR technology to Drive the Market Growth
Wearable technology platforms will likely enhance the utility of AR in the global metaverse market. For instance, Google is actively working on AR Smart Glasses for the global metaverse market. The AR programs on metaverse enable users to have a new experience for online virtual shopping. Furthermore, virtual fitting rooms will help users in choosing the right size and decreasing purchase returns. A similar benefit is associated with choosing a color for a new car or new furniture for the apartment. Therefore, the growing application area of AR and VR technology in different fields, such as education, medical, retail, and training, will boost the growth of the global metaverse market during the forecast period.
Privacy and Security Concerns Over Metaverse to Challenge the Market Growth
Metaverse can access the personal data of users and may pose a threat to their privacy. It can collect a lot of information from the user’s social networking accounts. User privacy can also be threatened if hackers gain access to the user’s device. Moreover, there are privacy-related concerns associated with smart gears used in the metaverse, such as smart glass, VR headsets, etc. These glasses automatically screen and process the user’s environment, violating the privacy of the user and those around them. Thus, the development of such products may hamper the growth of the metaverse market during the forecast period.
Download sample Report for insights on the Drivers, Trends, and Challenges that will help companies evaluate and develop growth strategies for 2022-2026
Some of the Major Metaverse Companies:
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Metaverse Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Decelerate at a CAGR of 33.26% |
Market growth 2022-2026 | $ 677.98 billion |
Market structure | Fragmented |
YoY growth (%) | 28.73 |
Regional analysis | North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution | North America at 38% |
Key consumer countries | US, Canada, China, Germany, and UK |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Accenture Plc, Active Theory LLC, Animoca Brands Corp. Ltd, ByteDance Ltd., Decentraland Foundation, Devden Creative Solutions Pvt. Ltd, Epic Games Inc., GoMeta Inc., Infosys Ltd., Magic Leap Inc., Meta Platforms Inc., Microsoft Corp., Mobiloitte Technologies, NexTech AR Solutions Corp., NVIDIA Corp., Queppelin, Roblox Corp, Tencent Holdings Ltd., Unity Software Inc., and Wilkins Avenue AR |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Device
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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Published
4 mins agoon
May 19, 2022By
Urban Moolah
$WSB, the official token of Wally’s NFT, is traded on Bittrex Global, one of the largest and safest crypto exchanges in the world, and has its own DEX on wallstreetbets.com. Wally’s NFT is designed by a legendary artist who created one of the most iconic characters in the video game industry and is backed by a unique story imagined by the scriptwriter of Assassin’s Creed: Lineage. As the first hero of the Metaverse, Wally is friendly, playful, funny, inspiring, and courageous. His integration into Mortimer’s “The Dream Maker” will come with multiple perks for Wally’s NFT owners, including VIP seating, specialty drinks, and exclusive merchandise.
“We want to reward our holders. But, we also want to have actual utility for our token. So, by booking your tickets with $WSB, you will unlock free upgrades. By becoming the first crypto accepted on the Strip, we wanted to show how serious we are about Wally’s NFT and wallstreetbets.com,” said Streeter Hull, co-founder of both projects. “We truly believe that the Metaverse will become a new space for talents like Xavier to showcase their craft and expertise.”
Mortimer, who is going into his sixth year in Vegas, is once again at the forefront of change. With over 6 billion views and 12 million followers on social media, Mortimer is working to create yet another one-of-a-kind experience for his fans, the crypto and NFT communities, and anyone else who dares to venture off the beaten path.
“This partnership opens up my world: in both the Metaverse, where Wally’s NFT has big plans, and my current show,” said award-winning illusionist Xavier Mortimer. “NFTs are here to stay, and I am thrilled to be part of this revolution. I am eager to bring my art and skills to this new era.”
“We understand that some people are scared of NFTs. But we fell in love with Wally’s character right away. We truly believe that NFTs and crypto represent a large field of opportunities for creators and artists,” says Alex Goude, producer of Xavier Mortimer’s The Dream Maker. “This is why we wanted to work with Wally’s NFT, and this is why we want to do more- we want to make history.”
Tickets to “The Dream Maker” will be available to purchase with $WSB starting July 1, 2022, at Xaviermortimer.com.
Wally’s NFT is coming soon! More info here.
About Wally/WSB
Wally’s NFT is a collection of beautifully designed avatars that give you access to Wally’s World. A place where Wally’s friends meet, play, talk, are rewarded, and change the metaverse and the world for good. Wally is designed by a legendary artist who has a long and well-established reputation in the video game industry, including their iconic work on several beloved Nintendo games. Wally’s backstory and adventures are created by William Reymond, the writer of Assassin’s Creed: Lineage, which amassed over 100 million views across YouTube, AppleTV, and Amazon.
About Xavier Mortimer
Born and raised in the South of France, award-winning international magician and social media star Xavier Mortimer began his career as a street performer and first achieved notoriety in France in 2006 with his show “L’Ombre Orchestre” (The Shadow Orchestra). In 2011, Xavier was one of the finalists of “France Got Talent,” where he met Alex Goude, a notorious French TV show host, and director who proposed the idea of producing a show for him in Las Vegas. After creating the iconic character of Sneaky for Cirque du Soleil’s show Michael Jackson ONE, Xavier started performing his residencies in Las Vegas. In 2016, he opened his show Magical Dream at Planet Hollywood Casino Resort, voted Best Magic show in Las Vegas by the Las Vegas Review-Journal, and voted Best Family-Friendly show in 2019.
In 2020, Xavier started to post videos on social media and quickly gathered billions of views and over 7 million followers in less than a year. Today, his reach counts over 6 billion views and 12 million followers. Xavier’s current residency at The Strat, “The Dream Maker,” has been named the most awarded show in 2021 in Las Vegas by the Las Vegas Review-Journal.
Please see below if you would like to check out Xavier’s recent projects:
Website: XavierMortimer.com | Instagram: @xaviermortimer | YouTube: Xavier Mortimer | TikTok: @xavier_mortimer
SOURCE Wall Street Bets
Published
1 hour agoon
May 19, 2022By
Urban Moolah
The sale of digital artist Beeple‘s Everydays at Christie’s for $69.4 million marked the beginning of a seemingly unstoppable NFT wave, where everyone from digital artists to mainstream celebrities like Paris Hilton, Mark Cuban, Steve Aoki and many others began creating, selling, and collecting NFTs via cryptocurrency on the Blockchain.
While NFTs initially focused on the importance of ownership of digital assets, they soon also became part of a social movement where groups of creators and collectors began communities based on buying and selling NFTs. Some early examples of these groups include CryptoPunks and Bored Ape Yacht Club, but many more have since risen in popularity as the world of NFTs continues to expand and propels new digital artists, like 17-year-old Diana Sinclaire, to international fame.
Following the journey of digital artist Beeple, aka Mike Winklemann, through the historic sale of his Everydays work, “NFTs: Enter the Metaverse” illuminates the social and economic factors that led to the rise of NFTs as well as the implications of NFT technology on the future of the Metaverse. The documentary features appearances by Paris Hilton, Gary Vaynerchuck, Mark Cuban, Steve Aoki, 3Lau, Rebecca Jarvis, Kelly Crow, Kenny Schacter, Diana Sinclair, Daniel Maegaard, and Karsen Daily.
Watch “NFTs: Enter the Metaverse” premiering on May 21st on ABC (check your local listings), ABC News Live and the Localish Network.
Published
2 hours agoon
May 19, 2022By
Urban Moolah
The sale of digital artist Beeple‘s Everydays at Christie’s for $69.4 million marked the beginning of a seemingly unstoppable NFT wave, where everyone from digital artists to mainstream celebrities like Paris Hilton, Mark Cuban, Steve Aoki and many others began creating, selling, and collecting NFTs via cryptocurrency on the Blockchain.
While NFTs initially focused on the importance of ownership of digital assets, they soon also became part of a social movement where groups of creators and collectors began communities based on buying and selling NFTs. Some early examples of these groups include CryptoPunks and Bored Ape Yacht Club, but many more have since risen in popularity as the world of NFTs continues to expand and propels new digital artists, like 17-year-old Diana Sinclaire, to international fame.
Following the journey of digital artist Beeple, aka Mike Winklemann, through the historic sale of his Everydays work, “NFTs: Enter the Metaverse” illuminates the social and economic factors that led to the rise of NFTs as well as the implications of NFT technology on the future of the Metaverse. The documentary features appearances by Paris Hilton, Gary Vaynerchuck, Mark Cuban, Steve Aoki, 3Lau, Rebecca Jarvis, Kelly Crow, Kenny Schacter, Diana Sinclair, Daniel Maegaard, and Karsen Daily.
Watch “NFTs: Enter the Metaverse” premiering on May 21st on ABC (check your local listings), ABC News Live and the Localish Network.
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