The trend of the metaverse is escalating rapidly, given its wide-ranging application across several sectors. Metaverse in simple terms refers to virtual worlds where the users interact in 3D through their avatars. MarkNtel Advisors recently published a research report mentioning that the Global Metaverse in Gaming Market is anticipated to grow at a CAGR of 41.2% in the forecast period of 2023-28.
The market growth is majorly owed to the intensifying applications of the metaverse, resulting in the adoption of games & unconventional gadgets. The report further states that the increasing trends of purchasing and possessing virtual assets like NFTs & virtual land, along with the escalating popularity of AR & VR, has resulted in the enhancement of the Global Metaverse in the Gaming Market.
Moreover, gamers are enabled to look into new & innovative dimensions and possibilities due to the improved and vivid digital experience delivered by metaverse technologies. All these factors together have contributed significantly to the development of the Global Metaverse in the Gaming Market & are likely to continue the trend during the forecast period as well.
Get a Free Sample Report – https://www.marknteladvisors.com/query/request-sample/metaverse-gaming-market.html
Major Stakeholders in the Global Metaverse in Gaming Market
Animoca Brands Corporation Limited, Tencent Holdings Limited, Epic Games, Magic Leap, Inc., Metaplatforms, Inc., Decenterland, The Sandbox, Nvidia, NetEase, Activision Blizzard, Juego Studios Private Limited, Survios Inc., Vevagid Technology, Kakao Corporation, AppLovin, and Others, are among the major companies dominating the Global Metaverse in Gaming Market. These companies are constantly working to strengthen their position in the market.
Analyzing the Segmentation of the Global Metaverse in Gaming Market
- By Component (Hardware and Software)
- By Device (Mobile, VR Headsets, PCs, and Gaming Consoles)
- By Technology (NFTs, Blockchain, Virtual Reality, Augmented Reality, Mixed Reality, and Extended Reality)
- By Age Group (Below 10, 11-19 Years, 20-35 Years, 35-50 Years, and Above 50 Years)
- By Region (North America, South America, Europe, The Middle East & Africa, and Asia-Pacific)
Augmented Reality(AR) & Virtual Reality (VR) are set to witness exponential growth and have an upper hand in the industry during the forecast period given the narrowing of gaps between reality & virtual reality due to technological advancements. Moreover, the cost-efficiency of AR and VR along with the integration of 3D computer modeling encourages the users to experience an immersive 3D virtual gaming environment driving the expansion of the AR & VR segment in the market.
North America has a competitive advantage in the global metaverse gaming market due to the presence of leading gaming companies like Sandbox and Roblox, as well as major tech giants such as Microsoft, NVIDIA, and Google. Additionally, the region’s greater acceptance of Blockchain integration and the increasing popularity of metaverse-based games are significant contributors to its growth in this market.
About Us:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Media Representative
Company Name: MarkNtel Advisors
Email: sales@marknteladvisors.com
Phone: +1 628 895 8081 +91 120 4268433,
Address: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
