Product ID: SQMIG45D2039
Report ID:
SQMIG45D2039 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
153 |
Figures:
77
North America is forecasted to dominate the market with the highest share of 39.6% in 2022 simply because of the fact that the users and customers of the region are embracing the computerization of their hard-to-believe technology.
For instance, the fact that the number of startups that specialize in metaverse platform development for commercialisation is expected to increase shows the region is also one of the factors behind the growth in the revenue of the market. In other words, the remarkable footprint of gaming and metaverse companies like The Sandbox, Nvidia Corporation and Epic Games, Inc operating in the area that is keen on integrating metaverse into games provides a fertile ground for potential market growth.
For instance, NVIDIA Corporation with Blender and Adobe decided to expand the usage of NVIDIA Omniverse, the first collaboration and simulation platform in the world, on millions of more users.
The Asia Pacific region is on the both production and consumption end and is expected to show tremendous CAGR over the forecast period. More and more new players in the field including start-ups and organizations such as The Sandbox (Hong Kong), Bolly Heroes (India), Axie Infinity (Singapore), NextMeet (India), GuildFi (Thailand) and also Shenzhen Zhongqingbaowang Interaction Network Co., Ltd. (ZQGame Global) and miHoYo Co., Ltd These metaverse platform and gaming applications offer real-time experiences where one can interact and use hybrid operations via live and concurrent third-party apps.
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Product ID: SQMIG45D2039