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Global Metaverse Strategic Market Analysis Report 2023-2030: “Phygital” is the New Era – Metaverse Job Openings on the Rise as Companies Begin to Warm Up to the Concept & Its Promised Potential

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The global metaverse market is experiencing remarkable growth, with an estimated value of US$62.4 billion in 2022 and a projected size of US$980.5 billion by 2030.

This substantial expansion is being driven by various segments within the metaverse market, including software, hardware, professional services, consumer applications, industrial manufacturing, commercial usage, healthcare, and other verticals. These sectors are witnessing significant investments and developments, leading to substantial annual spending.

As we look ahead to 2023 and 2030, the metaverse market is expected to continue evolving and expanding across different geographic regions. Each region will exhibit unique growth patterns and trends, shaping the future of the metaverse. This digital phenomenon is poised to revolutionize numerous industries, ranging from entertainment and gaming to healthcare and industrial manufacturing, thereby reshaping the global digital landscape.

Among the segments analyzed in the report, software is projected to achieve a remarkable 40.1% CAGR, reaching US$588.9 billion by the end of the analysis period. Simultaneously, the hardware segment is expected to experience impressive growth, with an estimated 44.8% CAGR over the next eight years.

In terms of regional markets, the United States is estimated to account for a significant share, with a market size of US$26.2 billion in 2022. Meanwhile, China, the world’s second-largest economy, is forecasted to exhibit substantial growth, reaching a projected market size of US$128.3 billion by 2030, with a CAGR of 45.9% during the period from 2022 to 2030.

Other noteworthy geographic markets include Japan and Canada, each forecasted to grow at rates of 35.9% and 37%, respectively, over the 2022-2030 period. In EuropeGermany is expected to experience robust growth, with an approximate CAGR of 40.2%.

With comprehensive profiles of 90 leading and emerging competitors, such as Accenture, Adobe, Epic Games, and others, this report provides valuable insights to understand the competitive landscape within the metaverse market.

Future Outlook

Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape.

The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

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
  • What is Metaverse & Why is it Important?
  • Who’s Eyeing the Metaverse?
  • Top 5 Big Tech Companies Have Their Fingers in the Metaverse Pie
  • Signs that the Metaverse is Catching Up
  • Roblox, an Online Gaming Company that Offers Metaverse-like Experiences, Witnesses Steady Rise in the Number of Users
  • Metaverse Job Openings on the Rise as Companies Begin to Warm Up to the Concept & Its Promised Potential
  • The Metaverse Value Chain
  • Main Constituents of Metaverse Value Chain
  • Global Market Prospects & Outlook
  • Halcyon Days Ahead for Metaverse Market with Salient Drivers & Opportunities
  • North America Remains at the Heart of Metaverse Market
  • COVID-19 Pandemic Catalyzes Race towards Metaverse
  • Competition
  • Metaverse – Global Key Competitors Percentage Market Share 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

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
  • Meta’s Occulus Makes a Disruptive Leap Forward, Overtaking its Competitors by a Wide Margin
  • As AR/VR Technologies Evolve, Successful Implementation of These Technologies in the Metaverse to Gain Momentum
  • AR Glasses Are Vital for Creating Our Futuristic Mixed Reality Universe
  • Powering the Metaverse with Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR)
  • Artificial Intelligence (AI) Is Indispensable in Creating the Metaverse
  • Role of AI in the Metaverse
  • Rapid Advancements in Artificial intelligence (AI) Measured by Deep Learning Transformers Reveals a Metaverse Enabled, Populated & Supported with AI
  • Artificial Intelligence (AI) to Provide the Smart Platform & Allied Functionalities for the Metaverse
  • Digital Twins Also Features in the Metaverse Technology Mix
  • Role of Digital Twins in the Metaverse
  • Digital Twins Helps Converge the Physical & Digital in the Metaverse
  • The Internet & Its Decades of Evolution Provides the Foundation for the Metaverse
  • Success of Metaverse & Its Scale of Impact Depends Upon Extensiveness of Optical Fiber Based Broadband Network Architecture
  • 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
  • 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?
  • Riding on the Promised Potential of Metaverse, Meta Plans to Boost Long Term Growth
  • 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
  • Living in Times of Persistent Disruption Means Millions Are Transitioned to Remote Working
  • How Has the Workforce Changed?
  • 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
  • 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
  • With Rapid Growth of Video Games Industry, Metaverse Breaking into Gaming Industry to Translate into Enormous Market Opportunity
  • 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?
  • A New Role for Crypto as the Trading Currency in the Metaverse
  • 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
  • Growing Use of Crypto Marks the Metaverse Concept for Success
  • Metaverse is Poised to Emerge Into the Future of Social Media
  • Here’s How Social Media Has Become an Integral Part of Our Lives?
  • With People Spending More Time on Social Media, It is One Less Challenge for Metaverse in Virtually Taking Over Social Interactions & Hangouts
  • What Will Be the Impact of Metaverse On Social Media?
  • NFTs Emerge as the New Revenue Model for Metaverse
  • Non-Fungible Token (NFT) Emerge as Keys for Monetizing the Metaverse
  • What Kind of NFTs are Popular & in What Categories?
  • 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?
  • It is Increasingly Clear that Metaverse Cannot be Built Without Blockchain Technology
  • 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
  • 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
  • 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
  • The Exhaustive Process of Creating a Cryptocurrency is Energy Intensive & Detrimental to the Goals of Sustainability
  • Major Challenges Facing Metaverse
  • Hype Aside. Metaverse Will be a Challenging Environment/World to Create?
  • Why Metaverse Should be Open Source?

FOCUS ON SELECT PLAYERS (Total 90 Featured)

  • Accenture PLC
  • Adobe Inc.
  • Capgemini SE
  • EON Reality, Inc.
  • Alibaba Group Holding Limited
  • Deloitte Touche Tohmatsu Ltd.
  • Alibaba Cloud
  • 3i Inc.
  • Animoca Brands
  • Antier Solutions Pvt Ltd
  • Decentraland
  • Appinventiv
  • DevDen Creative Solutions
  • Electronic Arts, Inc.
  • Dapper Labs Inc.

Artificial Intelligence

Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

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HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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Artificial Intelligence

Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’

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– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.

The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
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Artificial Intelligence

IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248007097
Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
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North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
Industrial IoT Market Size, Share & Industry Growth Analysis Report by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Growth Driver and Industry Forecast to 2026
Internet of Robotic Things Market (IoRT) by Component (Sensor, Power, Control), Service (Professional, Managed), Platform (Device, Application, Network), Software (Analytics, Data, Security, Monitoring, Bandwidth), Application – Global Forecast to 2022
MulteFire Market by Device (Small Cells, Switches, Controllers), Application (Industrial Manufacturing, Commercial, Transportation, Public Venues, Healthcare, Oil & Gas and Mining, Power Generation, Hospitality), and Geography – Global forecast 2025
Smart Robots Market Size, Share by Component (Sensors, Actuators, Control Systems), Type, Operating Environment, Mobility, Application (Domestic, Field/Agricultural, Public Relations, Industrial), and Region – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/iot-gateway-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/iot-gateway.asp
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