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Metaverse Market to Witness Promising Growth to Reach USD 814.2 Billion by 2028;
Developing Metaverse Platforms for Educational Sector may...
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METAVERSE MARKET TO WITNESS PROMISING GROWTH TO REACH USD 814.2 BILLION BY 2028;
DEVELOPING METAVERSE PLATFORMS FOR EDUCATIONAL SECTOR MAY OPEN AVENUES FOR THE
MARKET: VANTAGE MARKET RESEARCH

November 16, 2021 15:56 ET | Source: Vantage Market Research Vantage Market
Research

Pune, INDIA

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WASHINGTON, Nov. 16, 2021 (GLOBE NEWSWIRE) -- The Metaverse market size is
expected to reach USD 814.2 Billion by 2028, exhibiting a CAGR of 43.8% during
the forecast period. The rising interests in the areas such as socializing,
entertainment and creativity which are booming the metaverse market globally.
Another factor that is driving the growth of the market is the advantage for
cross company collaborations and working together in areas such as gaming,
advertisements, share business, and others. This has increased the trends among
young generation to incline towards the use of metaverse software and come up
with innovative ideas and successful start-ups., states Vantage Market Research,
in a report, titled “Metaverse Market by Component (Hardware, Software) by
Platform (Desktop, Mobile) by Offering (Virtual Platform, Asset Market places,
Avatars, Financial Services) , by Region (North America, Europe, Asia Pacific,
Latin America and Middle East & Africa): Global Market Assessment, 2021 –
2028.”

The report on Metaverse Market highlights:

* Assessment of the market
* Premium Insights
* Global and Regional Dynamics

Market Overview:

The Rising Interests in the Areas Such as Socializing, Entertainment and
Creativity to Drive the Market

Metaverse is a technology which is expected to change the face of gaming, AI and
virtual technology. Metaverse is a term which means hypothesized iteration of
the internet. This platform supports online 3D virtual environment through
conventional personal computing as well as augmented reality. This a virtual
world for immersive experiences where people across the world can meet, play,
watch, and trade online using IoT. Most of the data is stored on cloud platform
which offers cyber security and safety on a greater extent. Companies are
investing on development and programming new techniques for bringing the actual
world into 3D reality which benefits the general population to entertain, play
games, and invest in business and various other benefits. Moreover, developing
metaverse platforms for educational sector to help open avenues for the market.
A recent survey in South Korea found that 96 per cent of Seoul citizens believed
that the pandemic widened the existing learning gap, but 74 per cent said that
schools should carry out a blended form of education using both remote and
in-person classes. The feedback from KAIST students on our online classes gives
us a glimpse into the new paths we need to take wherein Metaverse Platform comes
into picture. Korea Advanced Institute of Science and Technology (KAIST) intends
to develop a virtual campus in Kenya, which will start in September 2023 in
Konza Technopolis in nearby Nairobi.

Download Free Report Sample PDF @
https://www.vantagemarketresearch.com/industry-report/metaverse-market-0335/request-sample

Huge Investors Investing Funds in Advertising and Respective Space

As metaverse market is booming in the market, it just not has advantages in
gaming in entertainment but also huge investors are investing funds in
advertising and other respective spaces. Companies such as Facebook Inc. is
investing huge amount of funds in collaborating with government bodies and also
private sector for uplifting social media channels and easy way for advertising
and marketing. This is few of the important factors that are driving the growth
of market.

Regional Analysis:

Rising Investment in Metaverse Market Growth in North America

North America is believed to increase rapidly in terms of CAGR in coming years.
This is attributed to the rising demand in the social media industry. Major
players from the metaverse platform are originating from U.S. and hence have a
huge advantage of development and chances for higher investment in this region.
Asia Pacific is also to believe to grow at a fastest CAGR in coming years, this
trend is due to increasing young population in this region. Countries such as
India and China are relaying majorly on social media platforms for
advertisements and marketing which will directly impact on the growth of
Metaverse market in these regions.

Read Full Report @
https://www.vantagemarketresearch.com/industry-report/metaverse-market-0335

List Of Prominent Players in the Metaverse Market:

SR. NO.COMPANIESLOCATION1.Facebook, Inc.Menlo Park, California, United
States2.Nvidia CorporationSanta Clara, California, United States3.Epic Games,
Inc.Cary, North Carolina, United States4.Nextech AR Solutions Corp.Vancouver,
Canada5.Tencent Holdings Ltd.Shenzhen, China6.ByteDance Ltd.Beijing,
China7.NetEase, Inc.Hangzhou, China8.Roblox CorporationSan Mateo, California,
United States9.Unity Technologies, Inc.San Francisco, California, United
States10.Lilith GamesShanghai, China11.MicrosoftRedmond, Washington, United
States

Recent Developments in the Industry:

1. Korea Advanced Institute of Science and Technology (KAIST) intends to
develop a virtual campus in Kenya, which will start in September 2023 in
Konza Technopolis in nearby Nairobi
2. Nvidia's technology could provide the critical foundation for the metaverse
3. Meta Platforms is investing billions of dollars in a bet on the metaverse
that could pay off handsomely
4. Unity plans to provide the tools for millions of creators to build the
metaverse

The Metaverse Report covers exhaustive information on the basis of component,
platform, offerings, technology, application, end-use, and region. In addition
to this, the report comprises various developments happening in the industry and
the factors driving the market growth.

Ask For Customization @
https://www.vantagemarketresearch.com/industry-report/metaverse-market-0335/customization-request

Report Coverage:

Report AttributeScopeBase Year2020Forecast Years2021 - 2028Segments
CoveredComponent, platform, offerings, technology, application, end-use, and
region.Demand in terms ofRevenue (USD Billion)Regions CoveredNorth America,
Europe, Asia Pacific, Latin America, and Middle East & Africa,Countries
CoveredU.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India,
Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among
othersMarket DynamicsMarket growth drivers, restraints, opportunities, Porter’s
five forces analysis, PEST analysis, value chain analysis, regulatory landscape,
market attractiveness analysis by segments and region, company market share
analysis, and COVID-19 impact analysis.

Table of Content:

1. Chapter No. 1: Introduction
1. Report Scope
2. Objectives of the Study
3. USP & Key Offerings
4. Target Audience
5. Vantage Market Research Report Guidance/Walk-through
2. Chapter No. 2: Premium Insights
1. Market Snapshot
2. Top Investment Pockets
1. Market Attractiveness Analysis, By Component
2. Market Attractiveness Analysis, By Platform
3. Market Attractiveness Analysis, By Offering
4. Market Attractiveness Analysis, By North America
3. Insights from Primary Respondents

ToC Continued:

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About Us:

We, at Vantage Market Research, provide quantified B2B high quality research on
more than 20,000 emerging markets, in turn, helping our clients map out
constellation of opportunities for their businesses. We, as a competitive
intelligence market research and consulting firm provide end to end solutions to
our client enterprises to meet their crucial business objectives. Our clientele
base spans across 70% of Global Fortune 500 companies. The company provides high
quality data and market research services. The company serves various
enterprises and clients in a wide variety of industries. The company offers
detailed reports on multiple industries including Chemical Materials and Energy,
Food and Beverages, Healthcare Technology, etc. The company’s experienced team
of Analysts, Researchers, and Consultants use proprietary data sources and
numerous statistical tools and techniques to gather and analyse information.

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Email: sales@vantagemarketresearch.com

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