Artificial Intelligence
Metaverse Market Booms Exponentially as The Technology Engulfs Almost Every Sector – Report by Market Research Future (MRFR)
New York, US, June 08, 2022 (GLOBE NEWSWIRE) — Metaverse Market Scope:
The metaverse technology is the next big platform that has managed to attract social networks, online game makers, and various technology leaders all around the world. Social, shared, virtual, persistent 3D worlds, this technology is the convergence of the digital and physical realms within the next evolution of not only the internet but social networks as well, with the use of real-time 3D software. Metaverse Market Size to reach USD 105,597.5 million, growing at a compound annual growth rate of 45.2% by 2030.
Metaverse Market Capitalization:
| Metric | Details |
| Market Cap | $1,247,075,553,360 |
| Dominance | ETH: 17.6% BTC: 46.5% |
| Exchanges | 527 |
| Cryptos | 19780 |
| ETH Gas | 72 Gwei |
| 24h Volume | $90,818,657,101 |
| Market Size | USD 105,597.5 Million |
| CAGR | 45.2% |
| Base Year | 2020 |
| Forecast Period | 2024-2030 |
| Historical Data | 2018-2019 |
| Forecast Units | Value USD Billion |
| Segments Covered | By Component (Hardware and Software) By Platform (Desktop/ Laptops, Mobiles and Wearables) By Technology (Blockchain, VR & AR, Mixed Reality and Others) By Application (Gaming, Online Shopping, Content Creation, Social Media and Others) By End User (Consumer and Enterprises [BFSI, Retail, Media & Entertainment, Education, Real Estate, Aerospace & Defense, Healthcare, Engineering, and Others]) |
| Geographies Covered | North America (US, Canada, and Mexico) Europe (UK, Germany, France, Rest of Europe) Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific) Middle East & Africa South America |
| Key Vendors | Meta Platforms Inc., Nvidia, Microsoft Corporation, Tencent Holdings Ltd., Bytedance, Epic Games, Netease Inc, Roblox Corporation, Lilith Games, Nextech AR Solutions Inc., Unity Software Inc. |
| Key Market Drivers | Increasing Focus on Converging Digital and Physical Worlds Using Internet Increasing Traction and Popularity of Mixed Reality (MR) Cyber-Threats |
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Metaverse offers an opportunity to the top online social media and entertainment companies to leverage the emerging revenue streams. With video game developers working on elevating the existing titles into the 3D online space that are similar to social networks, their business opportunity will rise to encapsulate live entertainment including sports events and concerts and also trying to capture a share of the social-media advertising space.
Metaverse is a virtual world where the users can go to work, shop, experience virtual trips, play games, establish communities, and also host numerous activities. Modern technologies including 5G should accelerate the power and speed needed for the digital worlds to carry on, which would encourage metaverse market growth.
Market USP Exclusively Encompassed:
Market Drivers
The massive popularity of NFTs (non-fungible tokens), 3D avatars, immersive gaming and cryptocurrencies will create lucrative opportunities for the leading firms in the metaverse industry. To illustrate, Roblox lets anyone form their own worlds within its extensive metaverse space as an online gaming platform as well as game creation system. Sony Music, Hot Wheels and Nerf are some of the brands that are Roblox’s partners and are creating their own immersive worlds that helps them elevate customer engagement. Microsoft, Facebook, Google and Zoom are making significant investments in the development of the metaverse technology.
The surging emphasis on the integration of the physical and digital worlds using the internet, combined with the increasing traction of mixed reality, should foster the metaverse market size. Various businesses across North America are extensively using advanced 3D simulation, augmented reality and virtual reality to enhance their operations. Technologies like 5G, AI and Extended Reality will be making the metaverse technology futuristic, from business intelligence standpoint.
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What are the Primary Applications of Metaverse?
The metaverse technology has a series of significant applications, some of which are online shopping, gaming, social media, content creation, and more.
Metaverse Applications in Online Shopping
Metaverse in the e-commerce sector has been a major hit. The technology’s adoption continues to mount, ushering in new advanced features that integrate online shopping with offline shopping. The huge demand for the augmented reality technology enables the consumers to be completely assured of the fit and quality of the product before purchasing. This allows the shoppers to have a convenient experience while helping the merchants to enhance their returns and expand their customer base.
Product discovery as well as personalization are fostered by the metaverse technology as well, as it allows the brands to provide the shoppers a personalized digital experience. Metaverse facilitates a seamless shopping experience, making it easier for the shoppers to get what they want exactly, and when exactly they want it. Unlike the limitations associated with digital shopping experiences, metaverse will allow the companies to customize the customer’s shopping experience to enhance their presence in the market.
Metaverse Applications in Gaming
One of the major sectors using Metaverse is gaming, with people engaging in a highly competitive game arena. The gamers are able to have an immersive experience without requiring a flat screen, and can adapt as per their environment. It is a world where the user can connect, study, earn money, work, and even go to concerts virtually. Metaverse makes it even easier to attend online concerts, play games and business meetings within the virtual environment, which is an extension of the external reality.
Metaverse helps in captivating a large number of users, giving them the impression of reality without actually being there. Replacing a two-dimensional screen, metaverse helps gather numerous possibilities to a higher level by immersing the gamers in a three-dimensional environment. In the three-dimensional environment, games are able to interact on a personal level with numerous elements surrounding them. It remains one of the best techniques to produce augmented reality while gaming, play-to-earn gaming with NFTs trading and minting, live game streaming, and value exchange with the use of crypto that includes a higher connection with the world.
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Recent Developments in Metaverse Technology
March 2022
HTC, the Taiwanese consumer electronics firm is working on launching a metaverse-centred smartphone called Viverse in April 2022. Viverse offers a seamless experience, is reachable on any type of device and offers high-speed connectivity, augmented and virtual reality, blockchain and AI technologies that the brand has invested in for numerous years.
March 2022
TerraZero Technologies Inc., a reputed vertically integrated Metaverse technology firm has acquired a substantial estate in Decentraland for building the premiere entertainment spot in the Metaverse. The company claims that this spot will include immersive experiences such as film screenings, shopping, virtual concerts, educational and cultural experiences.
Web 3.0 vs. Metaverse
Metaverse can be described as a digital entity that allows the user to interact and connect with three-dimensional items in virtual reality. Using virtual reality headsets, metaverse allows the users to interact with other objects and users within the virtual space.
Meanwhile, web 3.0 is primarily the evolution of all the key approaches via which users are able to manage and control the digital assets along with online identities. With web 3.0, the users are able to create their choice of content in addition to monetizing and controlling that content. As a result, web 3.0 is for the next generation or the next stage of the internet that allows the users to exercise their ownership over whatever they create.
Metaverse Market Trends
Decentralised government, digital identity and remote labour are the significant aspects of metaverse. The emergence of networked virtual reality headsets as well as glasses could potentially make virtual reality highly multidimensional, facilitating users’ movement to explore all the 3D settings. Social networking, gaming, job training and education are the major examples of metaverse’s real-world use-cases.
In several ways, artificial intelligence has emerged as one of the top metaverse market trends. The AI technology will allow the creation of various metaverse elements such as landscapes, people, character routines, buildings, and various assets. Augmented reality, machine learning, virtual reality, artificial intelligence and blockchain technology all form the Metaverse and are the major trends. Metaverse is permeating everyday life in numerous ways that games cannot, introducing methods to purchase services and goods, connect with family and friends, and work with coworkers.
Metaverse Crypto Coins
Decentraland
Decentraland is the leading crypto coin in metaverse that is developed on Ethereum blockchain’s top and offers users an immersive virtual gaming experience. Users are able to customize and create their characters, have conversations with other users, and even explore the burgeoning Decentraland world.
Axie Infinity
Axie Infinity is a major Metaverse crypto coin used for play-to-earn gaming. The play-to-earn games allow the users to receive rewards after the completion of certain tasks including reaching a particular level. The coin incentivizes the user for engaging with the wide Axie Infinity ecosystem as well.
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The Sandbox
The Sandbox enables the users to earn, trade and build in-game items. Similar to Decentraland, it includes the capacity to purchase virtual land and develop real estate. The real estate can then be sold in the open market.
Ethereum
Ethereum is the top smart contract blockchain in the world, a vital technology that enables the virtual Metaverse worlds to operate in a secure and decentralized manner.
Web 3.0 Market Status Quo
The Web 3.0 Market Size shall continue to soar at a healthy rate in the next few years, as the technology has become the new hot spot worldwide. Web 3.0 allows the developers as well as users to make use of the decentralized blockchain technology. In short, the decentralized blockchain technology helps promote Web 3.0, social media platforms, search engines, markets, and more.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Artificial Intelligence
Military Cybersecurity Market to Reach $68.5 Billion, Globally, by 2033 at 15.4% CAGR: Allied Market Research
PORTLAND, Ore., May 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Military Cybersecurity Market by Type (Endpoint Security Solutions, Network Security Solutions, Content Security Solutions), Deployment (On-Premises, Cloud), and Solution (Threat Intelligence and Response Management, Identity and Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033”. According to the report, the military cybersecurity market was valued at $15.7 billion in 2023, and is estimated to reach $68.5 billion by 2033, growing at a CAGR of 15.4% from 2024 to 2033.
The global military cybersecurity market is driven by factors such as growing demand for end-point security solutions and surge in cyber-attacks which are increasing need for military cybersecurity.
Prime Determinants of Growth
The global military cybersecurity market is driven by factors such as an increase in demand for defense IT expenditure. Adoption of IoT in cyber security technology provides lucrative growth opportunities. On the other hand, limited awareness related to cybersecurity is projected to hinder market growth.
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(We are providing Military Cybersecurity Industry report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and Russia-Ukraine War Impact Analysis)
123 – Tables63 – Charts378 – PagesReport coverage & details:
Report Coverage
Details
Forecast Period
2023–2033
Base Year
2023
Market Size in 2023
$15.7 Billion
Market Size in 2033
$68.5 Billion
CAGR
15.4 %
No. of Pages in Report
324
Segments covered
Type, Deployment, Solution and Region.
Drivers
Increase in demand for defense IT expenditure to drive the market growth.
Opportunities
Adoption of IoT in Cyber Security Technology
Restraints
Limited awareness related to cybersecurity is restricting the market growth
Procure Complete Report (323 Pages PDF with Insights, Charts, Tables, and Figures)https://www.alliedmarketresearch.com/checkout-final/military-cybersecurity-market-A323349
The endpoint security solutions segment to maintain its leadership status throughout the forecast period
Based on type, the endpoint security solutions segment held the highest market share in 2023, accounting for more than two-fifths of the global military cybersecurity market revenue and is estimated to maintain its leadership status throughout the forecast period.
Endpoint security solutions are undergoing continuous evolution to combat the ever-changing landscape of cybersecurity threats. One prominent trend is the widespread adoption of Endpoint Detection and Response (EDR) solutions. EDR offers real-time monitoring of endpoint activities, allowing for swift detection and response to advanced threats.
The on-premises segment to maintain its leadership status throughout the forecast period
Based on deployment, the on-premises segment held the highest market share in 2023, accounting for more than half of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. However, the cloud segment is projected to manifest the highest CAGR of 15.88% from 2023 to 2033. Moreover, cloud computing offers advanced security features and capabilities that strengthen military cybersecurity defense. Leading cloud service providers invest heavily in robust security measures, such as encryption, identity and access management, and threat detection, to protect data and applications hosted in the cloud.
The identity and access management segment to maintain its leadership status throughout the forecast period
Based on solution, the identity and access management segment held the highest market share in 2023, accounting for nearly one-fifth of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. Moreover,
Identity and access management (IAM) plays a crucial role in military cybersecurity by ensuring that only authorized personnel can access sensitive information and critical systems. IAM encompasses processes, policies, and technologies designed to manage digital identities, control access to resources, and protect against unauthorized access and insider threats.
North America to maintain its dominance by 2033
Based on region, North America held the highest market share in terms of revenue in 2023, accounting for more than half of the global military cybersecurity market revenue and is likely to dominate the market during the forecast period. The advancements in sensor technology, artificial intelligence, and communication systems have contributed to the evolution of military cybersecurity, enabling greater autonomy, flexibility, and effectiveness in engaging both stationary and moving targets with reduced collateral damage.
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Leading Market Players:
AT&TBAE SystemsBoeingCisco Systems, Inc.DXC Technology CompanyEclecticIQ B.V.IBM CorporationIntel CorporationLockheed Martin CorporationNorthrop Grumman CorporationPrivacera, Inc.SentineIOneSecureworks, Inc.Thales GroupThe report provides a detailed analysis of these key players in the global military cybersecurity market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected] Web: www.alliedmarketresearch.com AMR Resource Center: https://www.alliedmarketresearch.com/resource-center
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HANGZHOU, China, May 20, 2024 /PRNewswire/ — Dahua Technology, a world-leading video-centric AIoT solution and service provider, is proud to announce that its network cameras have successfully obtained Common Criteria (CC) EAL 3+ certificate. This achievement demonstrates Dahua’s dedication to delivering secure and reliable solutions that comply with the industry’s highest information security standards and best practices.
The Evaluation Assurance Level (EAL) 3+ certificate, issued by the Common Criteria for Information Technology Security Evaluation (CC), represents a widely used industry standard for evaluating the security features of IT products and systems. It has been recognized by 31 member countries of the Common Criteria Recognition Arrangement (CCRA) organization, which consists of the United States, Germany, the United Kingdom, the Netherlands, Japan, etc.
As the most authoritative and influential information security standard worldwide, obtaining the CC EAL 3+ certificate verifies Dahua’s robust measures against potential security threats throughout the entire R&D, production, and delivery processes. This also signifies that Dahua’s information security management capabilities meet internationally recognized industry standards.
The certification process involves comprehensive testing and evaluation of Dahua’s development environment, production environment, supply chain, vulnerability assessment, personnel security, as well as many other aspects. The security evaluation is completed by SGS Brightsight, a globally renowned security assessment laboratory in the Netherlands and approved by the Netherlands Scheme for Certification in the Area of IT Security (NSCIB).
“At Dahua, we prioritize the security needs and trust of our customers above all else. With the addition of CC EAL 3+ certificate, customers can be confident that they are investing in a secure and reliable solution that delivers unparalleled peace of mind, safeguarding their assets and ensuring uninterrupted operations,” stated Max Xiang, IPC Product Director at Dahua Technology.
Dahua always follows best industry practices and maintains the highest standards of security across all aspects of the company’s operations. In addition to product security and privacy protection, Dahua implements strict quality control measures to strengthen supply chain security. Forging ahead, Dahua will remain dedicated to advancing the security industry through innovative and secure solutions, further enhancing its cybersecurity and data protection capabilities, and working with industry partners to build a trustworthy AIoT environment.
For more in-depth insights into Dahua’s cybersecurity practices, please visit www. dahuasecurity.com
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TAIPEI, May 20, 2024 /PRNewswire/ — AGI Technology, a pioneering provider of high-performance storage solutions from Taiwan, will make its inaugural appearance at COMPUTEX 2024. This grant event will take place from June 4 to June 7 at the Taipei Nangang Exhibition Center, where AGI will be showcasing its latest innovations at Booth #J0218.
Event DetailsDate: June 4 – 7, 2024Time: 9:30 a.m. – 5:30 p.m.Location: Taipei Nangang Exhibition Center, Hall 1Booth: #J0218
AGI will present cutting-edge technology across three main themes:
Spotlight Innovations
– Supreme Pro TF138 2TB microSD: The world’s first 2TB microSD card, exclusively produced by AGI, sets a new standard in mass production and storage capacity.
– TURBOJET RGB DDR5 Series: This DDR5 series, featuring RGB lighting and a heat sink for overclocking, delivers exceptional performance.
– EDM38 Portable SSD for Mobile: A portable SSD with MagSafe-compatible magnetic attachment that offers lightweight portability.
Ultra-Spec Solutions
– SATA 8TB SSD: This 8TB SATA SSD is pushing the limits of consumer-grade storage, setting a new benchmark for capacity.
– PCIe 16TB SSD: A 16TB PCIe SSD that leads in the HMB domain, providing unmatched performance.
Customization Zone
AGI will showcase tailored storage solutions that meet unique customer needs.
We welcome you to visit AGI at Booth #J0218 to discover these innovations and explore collaboration opportunities.
About AGI
AGI is a leading provider of high-performance storage solutions, offering a range of innovative products that meet the evolving needs of its customers. With a commitment to delivering cutting-edge storage capacities and superior performance, AGI empowers its customers to achieve exceptional digital experiences.
Contact Information
Sales [email protected]+8862-27937256www.agi-gear.com
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