Whitepaper

Metaverse - Avenue of New Business Opportunities

Market Research

A network of 3D virtual worlds, the global metaverse market allows users to interact, meet, play games, and buy and sell things. It is transforming the virtual world by connecting content, users, and programs directly to each other. This revolution employs decentralized protocols like blockchain technology to facilitate transactions. Globally, the metaverse market is predicted to reach USD 1.5 Trillion by 2030 due to the significant acceleration of online video games and video conferencing services. The rising demand for virtual workspace due to the COVID-19 pandemic has also created huge business opportunities for the metaverse.

Key Takeaway:

  • Smartphone companies are projecting to deliver a competitive metaverse experience and lead the development alongside Microsoft and Facebook.
  • Advanced technologies, including blockchain, augmented reality (AR), virtual reality (VR), artificial intelligence (AI), 3D reconstruction, and the Internet of Things (IoT), are driving metaverse investment opportunities.
  • Industry players across media and entertainment, manufacturing, commerce, healthcare, and education have started seeing embracing the potential of the metaverse and contributing to its expansion.

To know more...



Authors

Vineet Agarwal

Partner at SG Analytics, Vineet is an ESG...
Vineet Agarwal

Partner at SG Analytics, Vineet is an ESG...

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