Metaverse Entertainment Market Size to Grow by USD 28.92 Billion, Insights into Key Drivers and Trends

New York, November 30, 2022 /PRNewswire/ — The Metaverse of Entertainment Market Size Expected to Grow $28.92 billion, progress in CAGR of 8.55% From 2021 to 2026. On the basis of region, the global metaverse of entertainment market is segmented into North America, South America, EuropeAsia Pacific and Middle East and Africa. North America It is expected to contribute 33% to the global market growth during the forecast period. The rapid integration of the entertainment industry, the traction of game culture, the integration of game services into the service products of major entertainment brands, and the increased investment in creating immersive games and entertainment experiences will promote the growth of the metaverse entertainment market in China. North America in the forecast period.

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The Metaverse in Entertainment: Rising Consumer Spending on Virtual Concerts, Events and More Drives Growth

• Rising consumer spending on virtual concerts, events, and others is driving market growth. For example, in Indiathe media and entertainment business reached $19 billion In 2020, a record is expected $25.9 billion by 2023. Significant growth in demand for virtual events and rising attendance at concerts and events will drive the industry further. In addition, immersive technologies such as AR and VR are developing rapidly. These factors will contribute to the growth of key markets during the forecast period.

Metaverse in the entertainment market: Consumer acceptance of online games is the main trend

• Rising consumer adoption of online gaming is a major trend in the market. With the help of blockchain, Internet of Things, 3D visualization and other emerging technologies, Metaverse provides an immersive visual experience. According to KPMG, the number of people gaming online will reach 510 million by the end of 2022. In addition, increasing adoption of advanced gaming technologies, changing entertainment choices among consumers, and rising income levels will further support market growth in the coming years.

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Metaverse in the Entertainment Market: Segment Analysis

This market research report segments Metaverse in the entertainment market By End User (Movie Production, Record Labels, OTT Platforms, TV Broadcasters, etc.) and Geography (North America, EuropeAsia-Pacific, South Americaand middle East and Africa).

The competitive scenario classifies companies based on various performance indicators. Some of the factors considered include the company’s financial performance over the past few years, growth strategy, product innovation, new product launches, investments and market share gains, among others. Buy the report!

Some of the key topics covered in the report include:

market drivers

market challenge

market trend

Supplier profile

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This The Metaverse in the E-Commerce Marketplace From 2021 to 2026, the size is expected to grow by USD 60.47 billion at a CAGR of 36.47%. The growing adoption of AR technology is significantly driving the growth of virtual worlds in the e-commerce market, although factors such as privacy and security concerns in virtual worlds may hamper the market growth.

This Metaverse Markets in Finance It is expected to grow at a CAGR of 21.33% from 2022 to 2027.The market size is expected to increase $107.06 billion. The report broadly covers by Component (Hardware and Software), End User (Brokerage Firms, Investment Banks, Commercial Banks, etc.) and Geography (APAC, North America, Europemiddle east and Africaand South America).

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Table of contents

1.executive Summary

2 Market Structure

3 Market Size

4 Five Forces Analysis

5 Market Segmentation by End Users

6 Customer Landscape

7 geographical landscape

8 Drivers, challenges and trends

9 Supplier Profile

10 Supplier Analysis

11 Appendix

About Technavio

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Technavio’s report library of over 500 professional analysts includes over 17,000 reports and counts covering 800 technologies and spanning 50 countries. Their client base includes businesses 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 position in changing market scenarios.

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