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Metaverse Infrastructure Market is Expected to Hit USD 1,368.3 Billion by 2028 with an Impressive CAGR of 37.5% from 2022-2028; Increasing Popularity of Metaverse to Purchase Digital Assets using Cryptocurrencies to Elevate Market Growth

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Westford, USA, Feb. 15, 2023 (GLOBE NEWSWIRE) — The metaverse infrastructure market is set to see North America take the lead in the near future, thanks to the rapidly growing number of users across various applications. This rise in popularity is being driven by the growing integration of digital and physical worlds through the Internet, and the increasing popularity of augmented reality (AR), mixed reality (MR), and virtual reality (VR) technologies. In addition, applications such as gaming, content creation, social interaction, education, and virtual shopping are playing a major role in this growth. As a result, the increasing focus on these technologies is expected to drive the revenue growth of the market in the coming years.

SkyQuest has projected that by 2025, the number of people participating in virtual reality (VR) and augmented reality (AR) gaming worldwide is anticipated to cross 225 million. As a result of this growth, the metaverse infrastructure market is predicted to gain higher traction in the future. 

Browse in-depth TOC on the “Metaverse Infrastructure Market”

  • Pages – 248
  • Tables – 173
  • Figures – 72

The metaverse is a popular term used to describe a virtual world that is created using a combination of augmented reality (AR), virtual reality (VR), and mixed reality (MR) technologies. It offers a deeply immersive 3D experience that can be used during applications such as gaming, social interactions, conducting industry, buying and selling virtual properties, and entertainment. By leveraging these technologies, the metaverse enables users to experience an internet world that is more interactive and engaging than ever before.

Get a sample copy of this report:

https://skyquestt.com/sample-request/metaverse-infrastructure-market

Prominent Players in Metaverse Infrastructure Market

  • Sony Corp.
  • Microsoft Corp.
  • Google Inc.
  • HTC Corporation
  • Oculus VR
  • Samsung Electronics Co. Ltd.
  • Tencent Holdings Ltd.
  • Seiko Epson Corporation
  • Magic Leap Inc.
  • Lenovo Group Ltd.
  • Roblox Corporation
  • Vuzix
  • Meta Platforms Inc.
  • Xiaomi Corp.
  • Panasonic Corp.
  • Antier Solutions Pvt. Ltd.

Virtual Reality (VR) & Augmented Reality (AR) Segment to Remain Key Revenue Contributor owing to Increasing Adoption in Gaming Industry

The VR & AR segment is expected to dominate the global metaverse infrastructure market from 2023 to 2028. The segmental growth is driven by the increasing use of AR and VR technology in the gaming industry to enhance the gaming experience, creating a more immersive and realistic environment for gamers. While virtual reality headsets are not necessary to access the metaverse, technology is still a significant component in creating a more interactive and engaging virtual world. Furthermore, AR and VR technology advancements are predicted to boost the adoption of metaverse infrastructure in various other industries, including healthcare, education, and tourism.

According to recent research, North America accounted for the largest market share of over 42% in the global market in 2021. The region’s growth is primarily due to the active presence of a large number of players operating in the market in North America. The research firm SkyQuest has found that around 245 million Americans play video games weekly, including two-thirds of adults and three-quarters of children under 18. This strong consumer demand has driven market growth in the region as businesses seek to meet the needs of the growing gaming industry.

Browse summary of the report and Complete Table of Contents (ToC):

https://skyquestt.com/report/metaverse-infrastructure-market

Media and Entertainment Industry Segment Capture Largest Market Share Thanks to Rising Investments by Leading Global Players

The media and entertainment segment is projected to be the largest revenue contributor in the metaverse infrastructure market from 2023 to 2028. The rising gaming industry globally is a key driver behind this trend, as businesses are increasingly adopting virtual reality technologies to enhance the gaming experience and create new revenue streams. In addition, with the metaverse offering immersive and engaging experiences, businesses can create new revenue streams and build stronger customer relationships.

The Asia Pacific region is emerging as a major player in the market and is poised to register exponential growth in the upcoming years. This growth is being driven by several factors, including the increasing number of startups in the region, as well as the implementation of advanced technologies such as 5G in major economies like China and India. Furthermore, with a growing number of innovative startups entering the market, the Asia Pacific region is quickly becoming a hub for metaverse technologies.

The metaverse infrastructure market is a rapidly evolving industry, and to keep pace with the latest trends and developments, companies need to have access to accurate and up-to-date information about their competitors. A new research report offers in-depth analytical insights into the major companies in this market. The report provides a comprehensive overview of these companies financials, supply chain trends, technical advancements, and key developments. It is a valuable resource for companies looking to gain a competitive advantage in the target market by understanding the strategies and tactics of their peers.

Key Developments in Metaverse Infrastructure Market

  • Hadean, a metaverse infrastructure and developer startup, has announced that it has secured $30 million in new funding to help bridge the gap between the physical and virtual worlds. This new funding is expected to help Hadean maintain the best infrastructure necessary to support the future of the metaverse, as well as the developers who will build it. Hadean’s innovative approach to the metaverse has caught the attention of investors, with the latest funding round led by Draper Esprit, with participation from Edenred Capital Partners and Guinness Asset Management.
  • Gym Street’s acquisition of Kabutocho Metaverse represents a significant development in the rapidly evolving virtual reality world. The combination of these two innovative metaverse platforms aims to create a comprehensive and immersive virtual experience for users by bringing together the best features of both platforms. In addition, the platform created as a result of this acquisition is powered by cutting-edge blockchain technology, providing a safe and secure environment for users to engage in a range of activities such as real estate, DeFi, NFTs, and more.
  • KPMG has made a strategic investment in creating a center of excellence for metaverse technology in Saudi Arabia in collaboration with technology giants Microsoft, Ericsson, and Metakey. This move comes in response to the Saudi Arabian government’s commitment to metaverse technology to accelerate the development and adoption of the metaverse and digital twin technologies in the Middle East. The center of excellence will leverage the combined expertise and resources of KPMG, Microsoft, Ericsson, and Metakey to advance the technology and infrastructure needed for the metaverse.

Speak to Analyst for your custom requirements:

https://skyquestt.com/speak-with-analyst/metaverse-infrastructure-market

Key Questions Answered in Metaverse Infrastructure Market Report

  • What are the primary drivers and barriers to growth in the metaverse infrastructure industry, and how are they expected to evolve?
  • How can new players differentiate themselves from established competitors in the metaverse infrastructure market, and what are the key success factors for market entry?
  • Which geographical areas are examined in the comprehensive analysis of the market, and what are the major trends and opportunities in these regions?
  • Who are the key players that dominate the global landscape, and what are their strengths, weaknesses, and market strategies?
  • How is the regulatory landscape shaping the development and adoption of metaverse infrastructure, and what are the potential implications for market participants?

Related Reports in SkyQuest’s Library:

Global Virtual Reality in Gaming Market

Global Smart Cities Market

Global Internet of Things in Retail Market

Global Artificial Intelligence In Security Market

Global Blockchain In Manufacturing Market

About Us:

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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1 Apache Way, Westford, Massachusetts 01886

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USA (+1) 617-230-0741

Email: [email protected]

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Artificial Intelligence

Doosan Robotics Unveils Max-Powered ‘PRIME-SERIES’ of Collaborative Robots at Automate 2024

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The New P-SERIES Unleashes Efficiency with a 30 Kilogram Payloadand the Longest Reach of Any Cobot to Date
CHICAGO, May 6, 2024 /PRNewswire/ — Doosan Robotics Inc., one of the world’s leading collaborative robot (cobot) manufacturers, unveiled its newest and most powerful P-SERIES (PRIME-SERIES) today at Automate 2024, bringing to the world of robotics the longest reaching cobot to date.

Today’s P-SERIES announcement by Doosan Robotics was marked by a show floor unveiling of the new P3020 – the world’s most powerful cobot for palletizing in existence. The P3020 offers a payload of 30kg (60lbs) and reach of 2,030mm (80in), bringing the ability to palletize from floor to 2m high (stacking up to 10 layers of boxes approximately 8 inches tall) using its simple fixed base without a lift.
Doosan Robotics has successfully dominated the high-payload cobot market in the 20kg range and above, which includes advanced palletizing solutions. Since launching the H-SERIES in 2022, Doosan Robotics has attracted major global customers such as Schiphol Airport and Wacker Korea, significantly enhancing its global market share by 72%. This year, with the introduction of the P-SERIES, the cobot featuring the highest payload and reach yet, expectations are set to soar beyond previous achievements.
Additional key features of the P-SERIES cobot lineup include lower power consumption compared to similar payload cobots by applying its built-in gravity compensation mechanism, inherent wrist-singularity free, and a 5 degree-of-freedom movement with the 4th axis removed and 6th axis speed increased to 360 degrees/second. Doosan Robotics’ continued priority on optimal safety across its solutions is also fully present in the new P3020. This includes achieving the highest PL (e) and Cat 4 safety ratings to ensure both a max-powered and max-safety experience for users.
The motion platform company’s newly unveiled P3020 palletization cobot will be on full display (Booth #850) at Automate 2024 (May 6-9), alongside the company’s ready-to-sell solutions with best-in class partners in Machine Tending, Palletizing, Welding, and Food & Beverage services.  
Driven by its vision to elevate everyday experiences and redefine labor workflows, Doosan Robotics provides a wide, exceptional range of AI cobots aimed to bring about a paradigm shift across various sectors, such as palletizing, manufacturing, logistics, food & beverage, architecture, and service industries. These cutting-edge solutions transcend the constraints of conventional robotics, adeptly maneuvering through intricate scenarios while infusing tasks with enhanced efficiency, safety, and ingenuity. Moreover, the AI system boasts continuous learning capabilities, effortlessly updating its model by autonomously downloading required modules for smooth integration.
“As a motion platform company, Doosan Robotics is meeting the ever-growing need for cobots to mimic human motion, powerfully and safely,” said William Ryu, CEO at Doosan Robotics. “The robotics industry continues to grow at an exponential pace and our lineup of software, cobots and AI differentiates us in our mission to develop cobots with a ‘max-powered, max-efficiency, max-safety’ mindset.”
For more details and videos on the new P3020 cobot by Doosan Robotics, please visit the Doosan Robotics YouTube channel here. For more info, images, and other assets regarding Doosan Robotics’ Automate 2024 overall presence, please visit the press kit here or contact [email protected].
ABOUT DOOSAN ROBOTICSDoosan Robotics is a global leader in collaborative robot solutions, embodying the principle of ‘Innovation in every motion, revolutionizing the way we work.’ Doosan robots, known for world-class safety and precision, enhance task efficiency across various sectors from manufacturing to service, enabling people to focus on more valuable work. More information about Doosan Robotics is available at https://www.doosanrobotics.com/en/.
 
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Artificial Intelligence

Enghouse announces expansion of our cloud contact center technology in the Middle East through our partnership with Voxtron

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MARKHAM, ON, May 6, 2024 /PRNewswire/ — Enghouse Interactive, a global leader in contact center and video technology solutions, is proud to announce a strategic partnership with Voxtron, the premier provider of call center solutions in the Middle East. This collaboration is marked by Voxtron’s introduction of the innovative Voxvantage Cloud Contact Center as a Service (CCaaS), leveraging advanced contact center technology from Enghouse.

The Official Launch will take place at the Grand Hyatt Dubai. Industry participants and media are invited to RSVP to attend by emailing [email protected].
Date: 9th May 2024 Time: 6:00 PM to 10:00 PM Venue: Grand Hyatt Dubai, RSVP: [email protected]
Voxvantage CCaaS marks a significant advancement for Enghouse Systems, underscoring a commitment to enhancing customer experiences throughout the region. Hosted on the robust data center infrastructure of Moro Hub, Voxtron guarantees exceptional reliability, security, and scalability.
The launch will feature distinguished speakers, including Tracy Reynolds, Canadian Consul General in Dubai, Vincent Mifsud, Global President of Enghouse Systems, and Arif AlMalik, Chief Digital Products Officer of Moro Hub. They will explore the transformative potential of contact solutions in improving customer experience (CX) in the Middle East.
Mr. Mifsud expressed his enthusiasm about the partnership, stating, “We are excited to collaborate with Voxtron and Moro Hub. This partnership is crucial as we aim to provide our call center technology, enhance our presence across the Middle East by providing customers with leading technology that improves customer experiences.”
The event will also offer excellent networking opportunities and insightful discussions on the future of customer engagement solutions.
About Enghouse Interactive: 
Enghouse Interactive, a subsidiary of Enghouse Systems Limited, is a global leader in contact center software and video technology solutions offering its customers and partners the valuable advantage of choice. Enghouse Interactive empowers businesses to transform contact centers from cost centers into powerful growth engines by simplifying complex integrations through open standards and supporting various telephony technologies to ensure seamless customer accessibility across channels and locations. 
About Voxtron: 
Voxtron Middle East is headquartered in Dubai, U.A.E., and has a global presence with offices and affiliates in Qatar, India, Germany, Austria, Belgium, Italy, Turkey, Tunisia, Hong Kong, Portugal, and Thailand. Voxtron has been delivering cost-effective customer engagement optimization solutions in collaboration with leading technology vendors such as Enghouse Interactive, SAGE, Verint, and Clarabridge, for over a decade. This extensive portfolio positions Voxtron as a unique provider capable of delivering complete, fully-featured solutions to customers and partners.
Enghouse Video Contact: Tim Peters, VP, Global Demand Generation Leader, Enghouse Systems, [email protected]
 

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Artificial Intelligence

Appdome Named “Editor’s Choice for Mobile App Security” in Coveted Global InfoSec Awards during RSA Conference 2024

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Appdome Wins in 12th Annual Global InfoSec Awards at #RSAC 2024
SAN FRANCISCO, May 6, 2024 /PRNewswire/ — Appdome, the mobile app economy’s one-stop shop for mobile app defense, is proud to announce it has won Editor’s Choice for Mobile App Security from Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine.

The Appdome platform is the first and only full lifecycle mobile app defense platform to automatically build, monitor and respond with any or all of 300+ mobile app defenses including security, anti-fraud, anti-malware, anti-cheat, anti-bot, geo compliance and social engineering for any mobile app in minutes with no SDK or coding required – all within the CI/CD pipeline. As a mobile app security engine for DevOps, Appdome enables mobile app developers, even those lacking security expertise, with an easy and fast way to secure all Android & iOS apps without any additional work. By automating security in the mobile pipeline, Appdome eliminates the cost and complexity of manually coding security, fraud and compliance features so mobile brands can confidently ship secure mobile apps faster with always-on protections to meet their critical mobile business needs.
“We’re proud to be recognized as Editor’s Choice for Mobile App Security by Cyber Defense Magazine in its 12th year of awarding the most prestigious and coveted cybersecurity award in the world,” said Tom Tovar, co-creator and CEO of Appdome. “With organizations battling unnecessary complexity from point products, the Appdome platform approach to mobile defense is leading the way to unify 300+ protections across security, anti-fraud, bot defense, mobile EDR, and compliance for all internal (employee) and external (consumer) facing mobile applications under a single pane of glass.”
“We scoured the globe looking for cybersecurity innovators that could make a huge difference and potentially help turn the tide against the exponential growth in cyber-crime. Appdome is absolutely worthy of Editor’s Choice for Mobile App Security coveted award and consideration for deployment in your environment,” said Yan Ross, Global Editor of Cyber Defense Magazine.
Appdome and all award winners located here: http://www.cyberdefenseawards.com/
Appdome continues to deliver waves of innovation in 2024 including:
Appdome Unveils World’s first Agentless Mobile EDR & MTDAppdome MOBILEBot ProtectionAppdome World’s First Real-Time Defense for Social EngineeringAppdome Revolutionizes Geo Defense for Mobile BrandsPlease join Appdome at the RSA Conference 2024 booth #2339 to see the award winning Appdome Platform in action!
Learn more at www.appdome.com.
About AppdomeThe Appdome mission is to protect every mobile app in the world and the people who use mobile apps in their lives and at work. Appdome provides the mobile industry’s only Unified Mobile App Defense platform, powered by a patented mobile coding engine, Threat-Events™ Threat-Aware UX/UI Control and ThreatScope™ Mobile XDR. Using Appdome, mobile brands eliminate complexity, ship faster and save money by delivering 300+ Certified Secure™ mobile app security, anti-malware, anti-fraud, mobile anti-bot, anti-cheat, geo compliance, MiTM attack prevention, code obfuscation, social engineering and other protections in Android and iOS apps with ease, inside the mobile DevOps and CI/CD pipeline. Leading financial, healthcare, government and m-commerce brands use Appdome to protect Android and iOS apps, mobile customers and mobile businesses globally. Appdome holds several patents including U.S. Patents 9,934,017 B2, 10,310,870 B2, 10,606,582 B2, 11,243,748 B2 and 11,294,663 B2. Additional patents pending.
About Cyber Defense MagazineCyber Defense Magazine is the premier source of cyber security news and information for InfoSec professions in business and government. We are managed and published by and for ethical, honest, passionate information security professionals. Our mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products, and services in the information technology industry. We deliver electronic magazines every month online for free, and special editions exclusively for the RSA Conferences. CDM is a proud member of the Cyber Defense Media Group. Learn more about us at https://www.cyberdefensemagazine.com and visit https://www.cyberdefensetv.com and https://www.cyberdefenseradio.com to see and hear some of the most informative interviews of many of these winning company executives. Join a webinar at https://www.cyberdefensewebinars.com and realize that infosec knowledge is power.
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