Metaverse in Gaming Market to expand at a CAGR of 43% by 2030- Report by Market Research Future (MRFR)

Market Research Future Insights:

According to MRFR analysis, Metaverse in Gaming Market is anticipated to reach USD 40 billion by 2030, at a 43% CAGR during forecast period 2021-2030. A digital platform that combines virtual reality and the real world is called the metaverse. Eventually, a form of technology known as blockchain will connect individuals and game development companies. The use of blockchain technology to support the growth of the gaming industry across many platforms is becoming increasingly popular. Additionally, metaverse is a well-known virtual reality open world that gives the online gaming platform a variety of choices for the creation of VR and AR-related games. Companies like Apple have ideally begun research and development work on metaverse projects that will combine virtual reality and augmented reality to bring a headset to market.

Additionally, Meta has declared a ten-billion-dollar commitment over the next few years to create metaverse technologies. In the foreseeable future, these investments will provide the online gaming sector a boost.

The gaming industry has seen a dramatic increase of game platforms since the advent of VR and AR. The development of virtual reality projection technology, which gives consumers a consistent experience in the virtual world, is establishing new trends for the expansion of the gaming business. For instance, Meta’s virtual reality division, Oculus, made ground-breaking technological achievements. Since October 2020, the business expects to have sold 10 million Quest 2 headsets worldwide.

Therefore, Meta is prepared to add new gaming and non-gaming features to the metaverse. To seize the Metaverse in Gaming Market potential, Meta is also collaborating with some of the most well-known Virtual Reality game creators, including Downpour Interactive, BigBox, and Beat Games.

Users’ personal user data will likely be collected by wearable metaverse technology. Eye tracking devices, which have the potential to intrude on a person’s privacy, can be used with both AR and VR technology to collect data. Additionally, wearable technology can gather biometric information from the immediate area, which compromises the privacy of others in the immediate area. Given the circumstances, it is projected that the development of AR and VR technology is likely to hamper market growth.

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Key Players:

Metaverse in Gaming Market Key Players:

• Roblox Corporation
• Tencent Holdings Ltd
• Epic Games
• Magic Leap, Inc.
• Facebook, Inc

Scope of the Report – Metaverse in Gaming Market:

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Segmentation Analysis:

The component, device type, technology, age group, and region-based segments have been used to divide the global market for metaverse in gaming.

The metaverse gaming market has been divided into hardware and software based on component.

The PC, smartphone, and VR headset segments make up the global market for metaverse gaming.

Blockchain, NFT, virtual reality, augmented reality, mixed reality, and extended reality are the different technology-based market segments.

The global Metaverse in Gaming Market has been divided into age groups of below 10, between 11 and 19, between 20 and 35, and over 35.

Browse In-depth Market Research Report (141 Pages, Charts, Tables, Figures) Metaverse in Gaming Market– https://www.marketresearchfuture.com/reports/metaverse-in-gaming-market-10753

Regional Analysis:

The North America, Europe, Asia-Pacific, Middle East & Africa, and South America regions make up the global gaming market for the metaverse. With the existence of major IT firms like Google, NVIDIA, Microsoft, and others, the growth of the metaverse has been aided. Additionally, it is thought that North America’s dominance is largely due to the increased acceptance of blockchain technology. Additionally, the rise in popularity of metaverse-based video games like Beat Sabre, Pistol Whip, Population: One, and others is having an impact on the market for metaverse in the North American gaming industry.

Due to their large populations and the adoption of blockchain technology, the rest of the world’s regions, including Europe and Asia-Pacific, are predicted to have a slow but steady expansion.

Due to the increasing number of players, the global market for metaverse in gaming has experienced substantial increase over the projected period. The metaverse market is occupied by several local, regional, and international firms that are all vying for a sizeable portion of the entire market. To fuel organic growth and boost their market shares, the major market players are spending in R&D activities.

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