Metaverse Market Future Opportunity and Growth Analysis Report to 2027

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Metaverse Market Future Opportunity and Growth
Analysis Report to 2027
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• Industry Insights

• As a simulated digital environment using virtual
  reality, augmented reality, and blockchain, the
  metaverse is continuing to evolve and deliver
  rich user interactions that mimic the real world.
  With the transition to metaverse becoming
  seemingly inevitable, the COVID-19 pandemic has
  also provided significant support for its
  progress due to novel educational, social, and
  economic opportunities emerging as a result of
  the transition to hybrid work environments during
  the lockdown phase.
• For example, Microsoft unveiled its plan to
  introduce Mesh for Teams by early 2022 to make
  hybrid and remote meetings more immersive and
  collaborative. The product was intended to allow
  organizations to develop metaverses, where users
  can collaborate in virtual environments that
  mimic shared spaces like physical offices.
• Greater emphasis on creating 3D virtual world
  experiences across gaming, e-commerce, and social
  media platforms is also adding significant
  impetus to metaverse market expansion over the
  recent years. This shift in focus has prompted
  key industry players to undertake targeted
  initiatives to strengthen their stance during the
  impending transition to the metaverse.

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• Metaverse tech has started to establish itself as
  the next frontier for the digital economy. This
  technology plays a significant role in the
  convergence of online and offline businesses to
  redefine e- commerce. According to Global Market
  Insights Inc., the metaverse industry from the
  online-shopping segment is set to depict a CAGR
  of nearly 35 through 2028.
• To that end, to offer immersive online shopping
  experiences, Israel-based ByondXR has started the
  production of interactive 3D shopping websites
  that transcend online catalogs as well as immerse
  shoppers in the metaverse purchase experience to
  bridge the gap between virtual and physical
  worlds.
• The metaverse is emerging as a much-needed
  benefit to the gaming sector, bringing in
  cryptocurrencies as a viable payment channel to
  reduce the challenges of finding proper payment
  gateways.
• To help get the most out of such a one-of-a-kind
  gameplay experience, Aavegotchi unveiled its
  open-world game, The Gotchiverse, in March 2022.
  This Polygon-supported RPG (role-playing game)
  metaverse was designed to enable users to battle,
  explore, craft exclusive NFTs, and play to earn
  through interest-bearing NFT avatars,
  Aavegotchis, thus contributing to the rising
  popularity of the crypto metaverse for gaming
  applications.

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• Competitive Analysis

• Some of the leading players operating in the
  market include Active Theory, Apple Inc, Alibaba
  Group, Amazon.com Inc., Decentraland, Epic Games,
  Inc. Immersion Corporation, Lilith Games, Meta
  Platform Inc. (Facebook), Microsoft Corp,
  Matterport Inc., NetEase, Inc., Nextech AR
  Solutions Corp., Nvidia Corporation, Roblox
  Corporation, Snap Inc

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