Artificial Intelligence
Global Metaverse Market to Reach $344.7 Billion by 2027
New York, Oct. 10, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Metaverse Industry” – https://www.reportlinker.com/p06233177/?utm_source=GNW
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Global Metaverse Market to Reach $344.7 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Metaverse estimated at US$32.4 Billion in the year 2020, is projected to reach a revised size of US$344.7 Billion by 2027, growing at a CAGR of 40.2% over the analysis period 2020-2027. Software, one of the segments analyzed in the report, is projected to record a 39.3% CAGR and reach US$212.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 43.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $13 Billion, While China is Forecast to Grow at 45.7% CAGR
The Metaverse market in the U.S. is estimated at US$13 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$40.9 Billion by the year 2027 trailing a CAGR of 45.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 34.8% and 36.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 39.8% CAGR.
Professional Services Segment to Record 34.9% CAGR
In the global Professional Services segment, USA, Canada, Japan, China and Europe will drive the 34.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.9 Billion in the year 2020 will reach a projected size of US$23.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.
Select Competitors (Total 90 Featured)
3i Inc. Apple Inc. Atari, Inc. Autodesk Inc. Dapper Labs Decentraland Epic Games, Inc. Fastly Google LLC IBM Corporation Infor Madeium Magic Leap, Inc. Meta Platforms, Inc. Microsoft Corporation Nextech AR Solutions Inc. NVIDIA Corporation Oracle Corporation PTC Inc. Roblox Corporation SAP SE Synthesis AI Systems Engineering & Assessment Ltd. Unity Technologies, Inc.
Read the full report: https://www.reportlinker.com/p06233177/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. METAVERSE – WATCHING THE FUTURE AS IT UNFOLDS TODAY
The Future Has Arrived. Physical & Digital Worlds Converge to
Mark the Consummation of Humanity?s Tryst With Digital
?Phygital? is the New Era
A Peek Into All Things ?Phygital?
EXHIBIT 1: With 63% of Population Actively Using the Internet,
World is Optimally Positioned to Embrace a Universe Parallel
to Physical World: Global Digital Population as of the Year
2021 (In Billion)
What is Metaverse & Why is it Important?
Who?s Eyeing the Metaverse?
EXHIBIT 2: Top 5 Big Tech Companies Have Their Fingers in the
Metaverse Pie: Revenues (In US$) Generated by GAFAM (Google,
Amazon, Meta (Facebook), Apple, Microsoft) Per Minute in the
Year 2021
Signs that the Metaverse is Catching Up
EXHIBIT 3: Roblox, an Online Gaming Company that Offers
Metaverse-like Experiences, Witnesses Steady Rise in the
Number of Users: Roblox Active Daily Users (In Million) by
Quarter for Years 2019, 2020 and 2021
EXHIBIT 4: Metaverse Job Openings on the Rise as Companies
Begin to Warm Up to the Concept & Its Promised Potential:
Global Actives Jobs Related to Metaverse From May Through
November 2021
The Metaverse Value Chain
Main Constituents of Metaverse Value Chain
Global Market Prospects & Outlook
Halcyon Days Ahead for Metaverse Market with Salient Drivers &
Opportunities
EXHIBIT 5: Desktop to Emerge Into a Dominant Platform for
Metaverse: Global Metaverse Market Share Breakdown (In %) by
Platform for Years 2020 and 2027
EXHIBIT 6: Gaming to Remain the Largest Application Area for
Metaverse: Global Metaverse Market Share Breakdown (In %) by
Application for Years 2020 and 2027
North America Remains at the Heart of Metaverse Market
COVID-19 Pandemic Catalyzes Race towards Metaverse
Competition
EXHIBIT 7: Metaverse – Global Key Competitors Percentage Market
Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche for Players
Worldwide in 2022 (E)
Companies Contribute to Building Future of Metaverse
Recent Market Activity
Influencer Insights that Matter the Most: Here are What Top
Voices are Saying About the Emerging Concept of Metaverse &
Its Future
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS – WHAT?S BUZZING IN THE MARKET
From Sci-Fi to Reality! What Are the Technologies ?Under the
Hood? That Are Powering the Metaverse?
AR/VR/MR/XR in the Spotlight
EXHIBIT 8: Meta?s Occulus Makes a Disruptive Leap Forward,
Overtaking its Competitors by a Wide Margin: Market Share
Breakdown (In %) by Device Shipments for the Year 2022 (E)
As AR/VR Technologies Evolve, Successful Implementation of
These Technologies in the Metaverse to Gain Momentum
EXHIBIT 9: AR Glasses Are Vital for Creating Our Futuristic
Mixed Reality Universe: Global Market for Smart Augmented
Reality (AR) Glasses (In ?000 Units) for the Year 2021, 2023,
2025 and 2027
EXHIBIT 10: Powering the Metaverse with Augmented Reality (AR),
Virtual Reality (VR), and Mixed Reality (MR): Global AR, VR &
MR Market (In US$ Billion) for Years 2021, 2023, 2025 and
2027
Artificial Intelligence (AI) Is Indispensable in Creating the
Metaverse
Role of AI in the Metaverse
EXHIBIT 11: Rapid Advancements in Artificial intelligence (AI)
Measured by Deep Learning Transformers Reveals a Metaverse
Enabled, Populated & Supported with AI: Deep Learning
Transformers (In Billions of Parameters) for the Years 2018
to 2021
EXHIBIT 12: Artificial Intelligence (AI) to Provide the Smart
Platform & Allied Functionalities for the Metaverse: Global AI
Annual Revenues (In US$ Billion) for Years 2021, 2023, 2025
and 2027
Digital Twins Also Features in the Metaverse Technology Mix
Role of Digital Twins in the Metaverse
EXHIBIT 13: Digital Twins Helps Converge the Physical & Digital
in the Metaverse: Global Opportunity for Digital Twins (In US$
Million) for Years 2021, 2023, 2025 & 2027
The Internet & Its Decades of Evolution Provides the Foundation
for the Metaverse
EXHIBIT 14: Success of Metaverse & Its Scale of Impact Depends
Upon Extensiveness of Optical Fiber Based Broadband Network
Architecture: Global Opportunity for Fiber to the X (In US$
Billion) for Years 2021, 2023, 2025 and 2027
Rapid Developments in 5G Technology Space to Fastrack Metaverse
Initiatives
Metaverse: The Latest Tech Trend Poised to Transform Businesses
Top Trends That Will Impact Metaverse in 2022 and Beyond
Buzzing Trends with Potential Role in Ensuring Strong
Foundation for Metaverse
Venture Capital Funding Craze Settles Down on Metaverse
Venture Capitalists Focus on Metaverse Industry
EXHIBIT 15: Leading Stocks in Metaverse Exchange-Traded Funds
(ETFs) & Their Weightage as of November 2021
Facebook?s Decision to Change Name to ?Meta? Marks the
Beginning of Metaverse as a New Revolution in Social
Technology
How Can Facebook (Meta) Benefit from Creating New Immersive
Digital Experiences?
EXHIBIT 16: Riding on the Promised Potential of Metaverse, Meta
Plans to Boost Long Term Growth: Meta (Facebook) Revenues (In
US$ Billion) By Quarter for Years 2020 & Q1 2022
Metaverse to Impact Consumer Lives & Industry to Become an
Integral Fabric of Society & Industry. Here?s Why Businesses
Should Care About Metaverse
Scale of Impact Too Unprecedented to Ignore!
Metaverse in Manufacturing. A Factory in the Metaverse What
Benefits Will it Bring?
Microsoft Right on Track to Build the Future Metaverse
Immersive Digital Twins to Offer Increased Business Value to
Enterprises
Metaverse, What Does it Mean for Future of Work
The Future of Work Isn?t What It Used to Be! Here?s How It Has
Come to Pass
EXHIBIT 17: Living in Times of Persistent Disruption Means
Millions Are Transitioned to Remote Working: WFH Employees as
a % of the Total Workforce for Years 2019, 2020 and 2021
How Has the Workforce Changed?
EXHIBIT 18: Returning to the Office: % Share of Employees
Preferring Various Types of Work Arrangements
Maybe the Most Interesting Change is Yet to Come? Are We Ready
to Shift from WFH to WFM?
Make Way! Here Comes Metaverse Gaming
Video Games: The Earliest Known Experience of Living in a
Simulation
EXHIBIT 19: With Visualization in Games Being Key to Motivate
Players to Keep Playing, the Metaverse is Optimally Positioned
to Take Over the Current Base of Video Gamers: Global Number
of Video Gamers (In Million) in 2021
EXHIBIT 20: With Rapid Growth of Video Games Industry,
Metaverse Breaking into Gaming Industry to Translate into
Enormous Market Opportunity: Global Opportunity for Video
Games (In US$ Billion) for Years 2021, 2023, 2025 & 2027
Will Gaming in the Metaverse Be Any Different From the
Immersive Gaming We All Have Come to Know, Experience &
Appreciate?
Will ?Crypto? Become the Currency of the Metaverse?
What is Cryptocurrency & How Is it Used Today?
EXHIBIT 21: Number of Cryptocurrencies Worldwide: 2013 to 2022E
EXHIBIT 22: Top Cryptocurrencies Worldwide by Market
Capitalization ($ Million) as of Aug 2022
EXHIBIT 23: Global Cryptocurrency Market by End-Use (in %) for
2022E
A New Role for Crypto as the Trading Currency in the Metaverse
EXHIBIT 24: Top Metaverse Coins by Market Capitalization ($
Million) as of July 2022
Here?s Why Cryptocurrencies Lie at Heart of Metaverse
Blockchain & Crypto are Perfect Fit for Metaverse
Metaverse Developments Trigger Massive Price Gains/Surge for
Cryptocurrencies
EXHIBIT 25: Growing Use of Crypto Marks the Metaverse Concept
for Success: Global Number of Crypto Users (In Million) for
Years 2016 Through 2021
Metaverse is Poised to Emerge Into the Future of Social Media
Here?s How Social Media Has Become an Integral Part of Our Lives?
EXHIBIT 26: With People Spending More Time on Social Media, It
is One Less Challenge for Metaverse in Virtually Taking Over
Social Interactions & Hangouts: Average Time Spent on Social
Media by People Consuming Digital Content (In Minutes Per
day) for Years 2012, 2014, 2016, 2018, 2020 and 2022
What Will Be the Impact of Metaverse On Social Media?
NFTs Emerge as the New Revenue Model for Metaverse
EXHIBIT 27: Non-Fungible Token (NFT) Emerge as Keys for
Monetizing the Metaverse: Global Market Capitalization of NFT
Transactions (In US$ Million) for Years 2018 Through 2022
EXHIBIT 28: What Kind of NFTs are Popular & in What Categories?
Global Number of NFTs Sold by Category in 1H 2021
Brands Scramble to Create Their Own NFTs – Here?s Why
Role of Blockchain in Metaverse Gets Bigger as NFTs Grow?
Blockchain Rises like a Phoenix from the Ashes of Bitcoin
Metaverse Without Blockchain. Is It Even Possible?
EXHIBIT 29: It is Increasingly Clear that Metaverse Cannot be
Built Without Blockchain Technology: Global Opportunity for
Blockchain Technology (In US$ Billion) for Years 2021, 2023,
2025 and 2027
The Direct to Avatar Economy (D2A) is it the Future of Direct-
to-Consumer (DTC)?
Direct Marketing & Its Benefits as We Know It Today
How Will Metaverse Change this Status Quo?
How Should Retailers/Brands Adopt?
The Low Hanging Fruit. A Decade Long Robust Growth Has Ripened
e-Commerce as the Prime Area for Monetization in the Metaverse
The Spectacular Rise of eCommerce and mCommerce: A Review
EXHIBIT 30: Global B2C E-Commerce Sales in US$ Trillion for the
Years 2019, 2020, 2021, 2022, 2023, 2024, and 2025
Will Metaverse Take e-Commerce to the Next Level?
Here?s How Metaverse Will Transform E-Commerce & Retail
Are e-Commerce Experiences Ready for the Metaverse & How Can
Marketers & Brands Prepare for the Metaverse?
Meta Provides an All-Inclusive Study for Students
Metaverse is Changing the Consumer Goods and Retail industry
Metaverse, Cybersecurity & Privacy. How Will This Landscape
Look Like?
Systemic Threats Could Debilitate Metaverse
Sprucing up Metaverse to Overcome Privacy Blockers
Risks of Identity Fragmentation and Data Privacy concerns
Necessitate DeFi Networks
Will Metaverse Save the World? Exploring Metaverse & its
Promise of Enabling Sustainability
COVID-19 Pandemic Catapults Sustainability to the Top of the
Global Agenda
EXHIBIT 31: Global CO2 Emissions (In Billion Metric Tons) for
Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, &
2020
Metaverse Claims to Aid Humanity Achieve Sustainability Goals
Environmental Benefits of Metaverse
Spatial Computing to Mitigate Climate Change
Amid the Hype Surrounding Metaverse & Environmental
Sustainability, What?s the Real Truth? What is the Carbon
Footprint of the Metaverse?
NFTs Mired under Climate Controversy
EXHIBIT 32: The Exhaustive Process of Creating a Cryptocurrency
is Energy Intensive & Detrimental to the Goals of
Sustainability: Energy Consumed (In Kilowatt Hours) Per
Cryptocurrency Transaction
Major Challenges Facing Metaverse
Hype Aside. Metaverse Will be a Challenging Environment/World
to Create?
Why Metaverse Should be Open Source?
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Metaverse Market Analysis of Annual Sales in US$
Million for Years 2020 through 2027
Table 2: World Recent Past, Current & Future Analysis for
Metaverse by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Spending in US$ Million for Years 2020
through 2027 and % CAGR
Table 3: World 7-Year Perspective for Metaverse by Geographic
Region – Percentage Breakdown of Value Spending for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
Markets for Years 2021 & 2027
Table 4: World Recent Past, Current & Future Analysis for
Software by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Spending in US$ Million for Years 2020
through 2027 and % CAGR
Table 5: World 7-Year Perspective for Software by Geographic
Region – Percentage Breakdown of Value Spending for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027
Table 6: World Recent Past, Current & Future Analysis for
Hardware by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Spending in US$ Million for Years 2020
through 2027 and % CAGR
Table 7: World 7-Year Perspective for Hardware by Geographic
Region – Percentage Breakdown of Value Spending for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027
Table 8: World Recent Past, Current & Future Analysis for
Professional Services by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Spending in US$ Million for
Years 2020 through 2027 and % CAGR
Table 9: World 7-Year Perspective for Professional Services by
Geographic Region – Percentage Breakdown of Value Spending for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027
Table 10: World Recent Past, Current & Future Analysis for
Consumer by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Spending in US$ Million for Years 2020
through 2027 and % CAGR
Table 11: World 7-Year Perspective for Consumer by Geographic
Region – Percentage Breakdown of Value Spending for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027
Table 12: World Recent Past, Current & Future Analysis for
Industrial Manufacturing by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Spending in US$ Million for
Years 2020 through 2027 and % CAGR
Table 13: World 7-Year Perspective for Industrial Manufacturing
by Geographic Region – Percentage Breakdown of Value Spending
for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027
Table 14: World Recent Past, Current & Future Analysis for
Commercial by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Spending in US$ Million for Years 2020
through 2027 and % CAGR
Table 15: World 7-Year Perspective for Commercial by Geographic
Region – Percentage Breakdown of Value Spending for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027
Table 16: World Recent Past, Current & Future Analysis for
Healthcare by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Spending in US$ Million for Years 2020
through 2027 and % CAGR
Table 17: World 7-Year Perspective for Healthcare by Geographic
Region – Percentage Breakdown of Value Spending for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027
Table 18: World Recent Past, Current & Future Analysis for
Other Verticals by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Spending in US$ Million for
Years 2020 through 2027 and % CAGR
Table 19: World 7-Year Perspective for Other Verticals by
Geographic Region – Percentage Breakdown of Value Spending for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
Metaverse Market Presence – Strong/Active/Niche – Key
Competitors in the United States for 2022 (E)
Market Analytics
Table 20: USA Recent Past, Current & Future Analysis for
Metaverse by Component – Software, Hardware and Professional
Services – Independent Analysis of Annual Spending in US$
Million for the Years 2020 through 2027 and % CAGR
Table 21: USA 7-Year Perspective for Metaverse by Component –
Percentage Breakdown of Value Spending for Software, Hardware
and Professional Services for the Years 2021 & 2027
Table 22: USA Recent Past, Current & Future Analysis for
Metaverse by Vertical – Consumer, Industrial Manufacturing,
Commercial, Healthcare and Other Verticals – Independent
Analysis of Annual Spending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 23: USA 7-Year Perspective for Metaverse by Vertical –
Percentage Breakdown of Value Spending for Consumer, Industrial
Manufacturing, Commercial, Healthcare and Other Verticals for
the Years 2021 & 2027
CANADA
Table 24: Canada Recent Past, Current & Future Analysis for
Metaverse by Component – Software, Hardware and Professional
Services – Independent Analysis of Annual Spending in US$
Million for the Years 2020 through 2027 and % CAGR
Table 25: Canada 7-Year Perspective for Metaverse by Component –
Percentage Breakdown of Value Spending for Software, Hardware
and Professional Services for the Years 2021 & 2027
Table 26: Canada Recent Past, Current & Future Analysis for
Metaverse by Vertical – Consumer, Industrial Manufacturing,
Commercial, Healthcare and Other Verticals – Independent
Analysis of Annual Spending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 27: Canada 7-Year Perspective for Metaverse by Vertical –
Percentage Breakdown of Value Spending for Consumer, Industrial
Manufacturing, Commercial, Healthcare and Other Verticals for
the Years 2021 & 2027
JAPAN
Table 28: Japan Recent Past, Current & Future Analysis for
Metaverse by Component – Software, Hardware and Professional
Services – Independent Analysis of Annual Spending in US$
Million for the Years 2020 through 2027 and % CAGR
Table 29: Japan 7-Year Perspective for Metaverse by Component –
Percentage Breakdown of Value Spending for Software, Hardware
and Professional Services for the Years 2021 & 2027
Table 30: Japan Recent Past, Current & Future Analysis for
Metaverse by Vertical – Consumer, Industrial Manufacturing,
Commercial, Healthcare and Other Verticals – Independent
Analysis of Annual Spending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 31: Japan 7-Year Perspective for Metaverse by Vertical –
Percentage Breakdown of Value Spending for Consumer, Industrial
Manufacturing, Commercial, Healthcare and Other Verticals for
the Years 2021 & 2027
CHINA
Table 32: China Recent Past, Current & Future Analysis for
Metaverse by Component – Software, Hardware and Professional
Services – Independent Analysis of Annual Spending in US$
Million for the Years 2020 through 2027 and % CAGR
Table 33: China 7-Year Perspective for Metaverse by Component –
Percentage Breakdown of Value Spending for Software, Hardware
and Professional Services for the Years 2021 & 2027
Table 34: China Recent Past, Current & Future Analysis for
Metaverse by Vertical – Consumer, Industrial Manufacturing,
Commercial, Healthcare and Other Verticals – Independent
Analysis of Annual Spending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 35: China 7-Year Perspective for Metaverse by Vertical –
Percentage Breakdown of Value Spending for Consumer, Industrial
Manufacturing, Commercial, Healthcare and Other Verticals for
the Years 2021 & 2027
EUROPE
Metaverse Market Presence – Strong/Active/Niche – Key
Competitors in Europe for 2022 (E)
Market Analytics
Table 36: Europe Recent Past, Current & Future Analysis for
Metaverse by Geographic Region – France, Germany, Italy, UK and
Rest of Europe Markets – Independent Analysis of Annual
Spending in US$ Million for Years 2020 through 2027 and % CAGR
Table 37: Europe 7-Year Perspective for Metaverse by Geographic
Region – Percentage Breakdown of Value Spending for France,
Germany, Italy, UK and Rest of Europe Markets for Years 2021 &
2027
Table 38: Europe Recent Past, Current & Future Analysis for
Metaverse by Component – Software, Hardware and Professional
Services – Independent Analysis of Annual Spending in US$
Million for the Years 2020 through 2027 and % CAGR
Table 39: Europe 7-Year Perspective for Metaverse by Component –
Percentage Breakdown of Value Spending for Software, Hardware
and Professional Services for the Years 2021 & 2027
Table 40: Europe Recent Past, Current & Future Analysis for
Metaverse by Vertical – Consumer, Industrial Manufacturing,
Commercial, Healthcare and Other Verticals – Independent
Analysis of Annual Spending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 41: Europe 7-Year Perspective for Metaverse by Vertical –
Percentage Breakdown of Value Spending for Consumer, Industrial
Manufacturing, Commercial, Healthcare and Other Verticals for
the Years 2021 & 2027
FRANCE
Table 42: France Recent Past, Current & Future Analysis for
Metaverse by Component – Software, Hardware and Professional
Services – Independent Analysis of Annual Spending in US$
Million for the Years 2020 through 2027 and % CAGR
Table 43: France 7-Year Perspective for Metaverse by Component –
Percentage Breakdown of Value Spending for Software, Hardware
and Professional Services for the Years 2021 & 2027
Table 44: France Recent Past, Current & Future Analysis for
Metaverse by Vertical – Consumer, Industrial Manufacturing,
Commercial, Healthcare and Other Verticals – Independent
Analysis of Annual Spending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 45: France 7-Year Perspective for Metaverse by Vertical –
Percentage Breakdown of Value Spending for Consumer, Industrial
Manufacturing, Commercial, Healthcare and Other Verticals for
the Years 2021 & 2027
GERMANY
Table 46: Germany Recent Past, Current & Future Analysis for
Metaverse by Component – Software, Hardware and Professional
Services – Independent Analysis of Annual Spending in US$
Million for the Years 2020 through 2027 and % CAGR
Table 47: Germany 7-Year Perspective for Metaverse by Component –
Percentage Breakdown of Value Spending for Software, Hardware
and Professional Services for the Years 2021 & 2027
Table 48: Germany Recent Past, Current & Future Analysis for
Metaverse by Vertical – Consumer, Industrial Manufacturing,
Commercial, Healthcare and Other Verticals – Independent
Analysis of Annual Spending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 49: Germany 7-Year Perspective for Metaverse by Vertical –
Percentage Breakdown of Value Spending for Consumer,
Industrial Manufacturing, Commercial, Healthcare and Other
Verticals for the Years 2021 & 2027
ITALY
Table 50: Italy Recent Past, Current & Future Analysis for
Metaverse by Component – Software, Hardware and Professional
Services – Independent Analysis of Annual Spending in US$
Million for the Years 2020 through 2027 and % CAGR
Table 51: Italy 7-Year Perspective for Metaverse by Component –
Percentage Breakdown of Value Spending for Software, Hardware
and Professional Services for the Years 2021 & 2027
Table 52: Italy Recent Past, Current & Future Analysis for
Metaverse by Vertical – Consumer, Industrial Manufacturing,
Commercial, Healthcare and Other Verticals – Independent
Analysis of Annual Spending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 53: Italy 7-Year Perspective for Metaverse by Vertical –
Percentage Breakdown of Value Spending for Consumer, Industrial
Manufacturing, Commercial, Healthcare and Other Verticals for
the Years 2021 & 2027
UNITED KINGDOM
Table 54: UK Recent Past, Current & Future Analysis for
Metaverse by Component – Software, Hardware and Professional
Services – Independent Analysis of Annual Spending in US$
Million for the Years 2020 through 2027 and % CAGR
Table 55: UK 7-Year Perspective for Metaverse by Component –
Percentage Breakdown of Value Spending for Software, Hardware
and Professional Services for the Years 2021 & 2027
Table 56: UK Recent Past, Current & Future Analysis for
Metaverse by Vertical – Consumer, Industrial Manufacturing,
Commercial, Healthcare and Other Verticals – Independent
Analysis of Annual Spending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 57: UK 7-Year Perspective for Metaverse by Vertical –
Percentage Breakdown of Value Spending for Consumer, Industrial
Manufacturing, Commercial, Healthcare and Other Verticals for
the Years 2021 & 2027
REST OF EUROPE
Table 58: Rest of Europe Recent Past, Current & Future Analysis
for Metaverse by Component – Software, Hardware and
Professional Services – Independent Analysis of Annual Spending
in US$ Million for the Years 2020 through 2027 and % CAGR
Table 59: Rest of Europe 7-Year Perspective for Metaverse by
Component – Percentage Breakdown of Value Spending for
Software, Hardware and Professional Services for the Years 2021 &
2027
Table 60: Rest of Europe Recent Past, Current & Future Analysis
for Metaverse by Vertical – Consumer, Industrial Manufacturing,
Commercial, Healthcare and Other Verticals – Independent
Analysis of Annual Spending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 61: Rest of Europe 7-Year Perspective for Metaverse by
Vertical – Percentage Breakdown of Value Spending for Consumer,
Industrial Manufacturing, Commercial, Healthcare and Other
Verticals for the Years 2021 & 2027
ASIA-PACIFIC
Metaverse Market Presence – Strong/Active/Niche – Key
Competitors in Asia-Pacific for 2022 (E)
Market Analytics
Table 62: Asia-Pacific Recent Past, Current & Future Analysis
for Metaverse by Component – Software, Hardware and
Professional Services – Independent Analysis of Annual Spending
in US$ Million for the Years 2020 through 2027 and % CAGR
Table 63: Asia-Pacific 7-Year Perspective for Metaverse by
Component – Percentage Breakdown of Value Spending for
Software, Hardware and Professional Services for the Years 2021 &
2027
Table 64: Asia-Pacific Recent Past, Current & Future Analysis
for Metaverse by Vertical – Consumer, Industrial Manufacturing,
Commercial, Healthcare and Other Verticals – Independent
Analysis of Annual Spending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 65: Asia-Pacific 7-Year Perspective for Metaverse by
Vertical – Percentage Breakdown of Value Spending for Consumer,
Industrial Manufacturing, Commercial, Healthcare and Other
Verticals for the Years 2021 & 2027
REST OF WORLD
Table 66: Rest of World Recent Past, Current & Future Analysis
for Metaverse by Component – Software, Hardware and
Professional Services – Independent Analysis of Annual Spending
in US$ Million for the Years 2020 through 2027 and % CAGR
Table 67: Rest of World 7-Year Perspective for Metaverse by
Component – Percentage Breakdown of Value Spending for
Software, Hardware and Professional Services for the Years 2021 &
2027
Table 68: Rest of World Recent Past, Current & Future Analysis
for Metaverse by Vertical – Consumer, Industrial Manufacturing,
Commercial, Healthcare and Other Verticals – Independent
Analysis of Annual Spending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 69: Rest of World 7-Year Perspective for Metaverse by
Vertical – Percentage Breakdown of Value Spending for Consumer,
Industrial Manufacturing, Commercial, Healthcare and Other
Verticals for the Years 2021 & 2027
IV. COMPETITION
Total Companies Profiled: 90
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Artificial Intelligence
More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024
Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.
TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.
The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.
Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.
Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.
Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.
“Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”
Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.
“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”
Other top honors from the competition include:
Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.
Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.
Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.
Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.
Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.
Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.
For more information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.
In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.
The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:
Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii
Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California
Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York
Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China
Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon
Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan
Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon
Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York
Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas
Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada
Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada
Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington
Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland
Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky
Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas
Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California
Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts
Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida
Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada
Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California
Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia
Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China
The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.
View all the finalists’ research here: https://projectboard.world/isef.
About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.
About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases.
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
More information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
Media ContactsJoseph Brown, [email protected]
Gayle Kansagor, Society for [email protected]
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Artificial Intelligence
J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit
In conjunction with Abu Dhabi Global Healthcare Week 2024
ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.
In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation.
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.
The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso
Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.”
Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”
Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”
Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.
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Artificial Intelligence
Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024
SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.
Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
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