Metaverse market in finance to grow by 20.59% Y-O-Y from 2022 to 2023: Integration With VR and AR Platforms will Drive Growth - Technavio - PR Newswire

1 year ago 43

, /PRNewswire/ -- Metaverse marketplace successful concern insights -

Technavio has announced its latest marketplace  probe   study  titled Global Metaverse Market successful  Finance 2023-2027

Technavio has announced its latest marketplace probe study titled Global Metaverse Market successful Finance 2023-2027
  • Vendors: 15+, Including Bank of America Corp., BNP Paribas SA, HSBC Holdings Plc, IBK Industrial Bank of Korea, JPMorgan Chase & Co., KB Financial Group Inc., Mogo Inc., National Bank of Kuwait S.A.K.P, NH Investment & Securities Co. Ltd., and Shinhan Financial Group Co. Ltd., among others
  • Coverage: Parent marketplace analysis; cardinal drivers, large trends, and challenges; lawsuit and vendor landscape; vendor merchandise insights and caller developments; cardinal vendors; and marketplace positioning of vendors
  • Segments: Component, End-user, and Geography

To recognize much astir the metaverse marketplace successful finance, request a illustration report

In 2017, the metaverse marketplace successful concern was valued at USD 25.58 billion. From a determination perspective, APAC held the largest marketplace share, valued at USD 6.09 billion. The metaverse marketplace size successful finance is estimated to turn by USD 107.06 billion from 2022 to 2027 astatine a CAGR of 21.33% according to Technavio.

Metaverse marketplace successful concern -  Customer Landscape

To assistance companies measure and make maturation strategies, the study outlines –

  • Key acquisition criteria
  • Adoption rates
  • Adoption lifecycle
  • Drivers of terms sensitivity
  • For highlights connected lawsuit scenery analysis, download a study sample!

Metaverse marketplace successful concern - Vendor Insights

The planetary metaverse marketplace successful concern is concentrated. The marketplace is taxable to rapidly changing user demands and preferences. Vendor show whitethorn beryllium affected by planetary and determination economical conditions and assorted different demographic trends. Vendors vie based connected respective factors specified arsenic quality, price, service, marque image, distribution, and marketing. Most vendors are innovating their existing products oregon introducing caller merchandise lines to prolong the marketplace competition. Some vendors are focusing connected acquiring smaller brands to summation their marketplace presence. The marketplace is expected to witnesser the introduction of a ample fig of pureplay exertion oregon different players, which volition intensify contention during the forecast period. Technavio study analyzes the market's competitory scenery and offers accusation connected respective marketplace vendors including -

  • Bank of America Corp. - The institution offers metaverse successful concern done VR Training programs.
  • BNP Paribas SA - The institution offers metaverse successful concern done W.I.R.E.D. (Wearable Immersive Real Estate Dataroom).
  • HSBC Holdings Plc - The institution offers metaverse successful concern with the usage of augmented reality, virtual reality, and extended reality.

Metaverse marketplace successful concern - Market Dynamics

Major Drivers:

  • Integration with VR and AR platforms
  • The emergence of artificial quality (AI)
  • Increasing popularity and adoption of cryptocurrencies

Key Challenges:

  • Privacy and information concerns implicit metaverse
  • Lack of skilled employees
  • System configuration issues

Drivers and challenges person an interaction connected marketplace dynamics, which tin interaction businesses. Find much insights successful a illustration report!

The metaverse marketplace successful concern study provides captious accusation and factual data, with a qualitative and quantitative survey of the marketplace based connected marketplace drivers and limitations arsenic good arsenic aboriginal prospects.

Why buy?

  • Add credibility to strategies
  • Analyze competitor's offerings
  • Get a holistic presumption of the market

Grow your nett margins with Technavio - Buy the Report

What are the cardinal information covered successful this metaverse marketplace successful concern report?

  • CAGR of the marketplace during the forecast period 2023-2027
  • Detailed accusation connected factors that volition thrust the metaverse marketplace successful concern maturation during the adjacent 5 years
  • Precise estimation of the metaverse marketplace size successful finance  and its publication to the genitor market
  • Accurate predictions connected upcoming trends and changes successful user behavior
  • The maturation of the metaverse successful the concern manufacture crossed North America, Europe, APAC, South America, and the Middle East and Africa
  • A thorough investigation of the market's competitory scenery and elaborate accusation connected vendors
  • Comprehensive details of factors that volition situation the maturation of the metaverse marketplace successful finance vendors

Related Reports:

  • According to Technavio's analyst, the metaverse marketplace size successful question and tourism industry is expected to beryllium valued astatine USD 188.24 billion successful 2026 with a progressing CAGR of 26.01%. The expanding request for AR and VR exertion is notably driving the metaverse marketplace maturation successful the question and tourism industry, though factors specified arsenic privateness and information concerns implicit the metaverse whitethorn impede the marketplace growth.
  • The metaverse successful e-commerce market is estimated to turn astatine a CAGR of 39.65% betwixt 2022 and 2027. The size of the marketplace is forecast to summation by USD 85,885.22 million. The increasing popularity of AR exertion is notably driving the marketplace growth, though factors specified arsenic privateness and information concerns implicit the metaverse whitethorn impede the marketplace growth.

Metaverse In Finance Market Scope

Report Coverage

Details

Page number

153

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate astatine a CAGR of 21.33%

Market maturation 2023-2027

USD 107.06 billion

Market structure

Concentrated

YoY maturation 2022-2023 (%)

20.59

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing marketplace contribution

APAC astatine 32%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Bank of America Corp., BNP Paribas SA, HSBC Holdings Plc, IBK Industrial Bank of Korea, JPMorgan Chase and Co., KB Financial Group Inc., Mogo Inc., National Bank of Kuwait S.A.K.P, NH Investment and Securities Co. Ltd., and Shinhan Financial Group Co. Ltd.

Market dynamics

Parent marketplace analysis, marketplace maturation inducers and obstacles, fast-growing and slow-growing conception analysis, COVID-19 interaction and betterment investigation and aboriginal user dynamics, and marketplace information investigation for the forecast period.

Customization purview

If our study has not included the information that you are looking for, you tin scope retired to our analysts and get segments customized.

Table Of Contents:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart connected Market Overview
    • Exhibit 02: Executive Summary – Data Table connected Market Overview
    • Exhibit 03: Executive Summary – Chart connected Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart connected Market by Geography
    • Exhibit 05: Executive Summary – Chart connected Market Segmentation by Component
    • Exhibit 06: Executive Summary – Chart connected Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart connected Incremental Growth
    • Exhibit 08: Executive Summary – Data Table connected Incremental Growth
    • Exhibit 09: Executive Summary – Chart connected Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included successful the marketplace definition
  • 3.2 Market conception analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027
    • Exhibit 14: Chart connected Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 15: Data Table connected Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 16: Chart connected Global Market: Year-over-year maturation 2022-2027 (%)
    • Exhibit 17: Data Table connected Global Market: Year-over-year maturation 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global metaverse marketplace successful concern 2017 - 2021
    • Exhibit 18: Historic Market Size – Data Table connected Global metaverse marketplace successful concern 2017 - 2021 ($ billion)
  • 4.2 Component Segment Analysis 2017 - 2021
    • Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ billion)
  • 4.3 End-user Segment Analysis 2017 - 2021
    • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
  • 4.4 Geography Segment Analysis 2017 - 2021
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
  • 4.5 Country Segment Analysis 2017 - 2021
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 23: Five forces investigation - Comparison betwixt 2022 and 2027
  • 5.2 Bargaining powerfulness of buyers
    • Exhibit 24: Chart connected Bargaining powerfulness of buyers – Impact of cardinal factors 2022 and 2027
  • 5.3 Bargaining powerfulness of suppliers
    • Exhibit 25: Bargaining powerfulness of suppliers – Impact of cardinal factors successful 2022 and 2027
  • 5.4 Threat of caller entrants
    • Exhibit 26: Threat of caller entrants – Impact of cardinal factors successful 2022 and 2027
  • 5.5 Threat of substitutes
    • Exhibit 27: Threat of substitutes – Impact of cardinal factors successful 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 28: Threat of rivalry – Impact of cardinal factors successful 2022 and 2027
  • 5.7 Market condition
    • Exhibit 29: Chart connected Market information - Five forces 2022 and 2027

6 Market Segmentation by Component

  • 6.1 Market segments
    • Exhibit 30: Chart connected Component - Market stock 2022-2027 (%)
    • Exhibit 31: Data Table connected Component - Market stock 2022-2027 (%)
  • 6.2 Comparison by Component
    • Exhibit 32: Chart connected Comparison by Component
    • Exhibit 33: Data Table connected Comparison by Component
  • 6.3 Hardware - Market size and forecast 2022-2027
    • Exhibit 34: Chart connected Hardware - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 35: Data Table connected Hardware - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 36: Chart connected Hardware - Year-over-year maturation 2022-2027 (%)
    • Exhibit 37: Data Table connected Hardware - Year-over-year maturation 2022-2027 (%)
  • 6.4 Software - Market size and forecast 2022-2027
    • Exhibit 38: Chart connected Software - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 39: Data Table connected Software - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 40: Chart connected Software - Year-over-year maturation 2022-2027 (%)
    • Exhibit 41: Data Table connected Software - Year-over-year maturation 2022-2027 (%)
  • 6.5 Market accidental by Component
    • Exhibit 42: Market accidental by Component ($ billion)

7 Market Segmentation by End-user

  • 7.1 Market segments
    • Exhibit 43: Chart connected End-user - Market stock 2022-2027 (%)
    • Exhibit 44: Data Table connected End-user - Market stock 2022-2027 (%)
  • 7.2 Comparison by End-user
    • Exhibit 45: Chart connected Comparison by End-user
    • Exhibit 46: Data Table connected Comparison by End-user
  • 7.3 Brokerage firms - Market size and forecast 2022-2027
    • Exhibit 47: Chart connected Brokerage firms - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 48: Data Table connected Brokerage firms - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 49: Chart connected Brokerage firms - Year-over-year maturation 2022-2027 (%)
    • Exhibit 50: Data Table connected Brokerage firms - Year-over-year maturation 2022-2027 (%)
  • 7.4 Investment banks - Market size and forecast 2022-2027
    • Exhibit 51: Chart connected Investment banks - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 52: Data Table connected Investment banks - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 53: Chart connected Investment banks - Year-over-year maturation 2022-2027 (%)
    • Exhibit 54: Data Table connected Investment banks - Year-over-year maturation 2022-2027 (%)
  • 7.5 Commercial banks - Market size and forecast 2022-2027
    • Exhibit 55: Chart connected Commercial banks - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 56: Data Table connected Commercial banks - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 57: Chart connected Commercial banks - Year-over-year maturation 2022-2027 (%)
    • Exhibit 58: Data Table connected Commercial banks - Year-over-year maturation 2022-2027 (%)
  • 7.6 Others - Market size and forecast 2022-2027
    • Exhibit 59: Chart connected Others - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 60: Data Table connected Others - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 61: Chart connected Others - Year-over-year maturation 2022-2027 (%)
    • Exhibit 62: Data Table connected Others - Year-over-year maturation 2022-2027 (%)
  • 7.7 Market accidental by End-user
    • Exhibit 63: Market accidental by End-user ($ billion)

8 Customer Landscape

  • 8.1 Customer scenery overview
    • Exhibit 64: Analysis of terms sensitivity, lifecycle, lawsuit acquisition basket, adoption rates, and acquisition criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation
    • Exhibit 65: Chart connected Market stock by geography 2022-2027 (%)
    • Exhibit 66: Data Table connected Market stock by geography 2022-2027 (%)
  • 9.2 Geographic comparison
    • Exhibit 67: Chart connected Geographic comparison
    • Exhibit 68: Data Table connected Geographic comparison
  • 9.3 North America - Market size and forecast 2022-2027
    • Exhibit 69: Chart connected North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 70: Data Table connected North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 71: Chart connected North America - Year-over-year maturation 2022-2027 (%)
    • Exhibit 72: Data Table connected North America - Year-over-year maturation 2022-2027 (%)
  • 9.4 Europe - Market size and forecast 2022-2027
    • Exhibit 73: Chart connected Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 74: Data Table connected Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 75: Chart connected Europe - Year-over-year maturation 2022-2027 (%)
    • Exhibit 76: Data Table connected Europe - Year-over-year maturation 2022-2027 (%)
  • 9.5 APAC - Market size and forecast 2022-2027
    • Exhibit 77: Chart connected APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 78: Data Table connected APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 79: Chart connected APAC - Year-over-year maturation 2022-2027 (%)
    • Exhibit 80: Data Table connected APAC - Year-over-year maturation 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027
    • Exhibit 81: Chart connected South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 82: Data Table connected South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 83: Chart connected South America - Year-over-year maturation 2022-2027 (%)
    • Exhibit 84: Data Table connected South America - Year-over-year maturation 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027
    • Exhibit 85: Chart connected Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 86: Data Table connected Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 87: Chart connected Middle East and Africa - Year-over-year maturation 2022-2027 (%)
    • Exhibit 88: Data Table connected Middle East and Africa - Year-over-year maturation 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027
    • Exhibit 89: Chart connected US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 90: Data Table connected US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 91: Chart connected US - Year-over-year maturation 2022-2027 (%)
    • Exhibit 92: Data Table connected US - Year-over-year maturation 2022-2027 (%)
  • 9.9 China - Market size and forecast 2022-2027
    • Exhibit 93: Chart connected China - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 94: Data Table connected China - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 95: Chart connected China - Year-over-year maturation 2022-2027 (%)
    • Exhibit 96: Data Table connected China - Year-over-year maturation 2022-2027 (%)
  • 9.10 Germany - Market size and forecast 2022-2027
    • Exhibit 97: Chart connected Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 98: Data Table connected Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 99: Chart connected Germany - Year-over-year maturation 2022-2027 (%)
    • Exhibit 100: Data Table connected Germany - Year-over-year maturation 2022-2027 (%)
  • 9.11 UK - Market size and forecast 2022-2027
    • Exhibit 101: Chart connected UK - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 102: Data Table connected UK - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 103: Chart connected UK - Year-over-year maturation 2022-2027 (%)
    • Exhibit 104: Data Table connected UK - Year-over-year maturation 2022-2027 (%)
  • 9.12 Canada - Market size and forecast 2022-2027
    • Exhibit 105: Chart connected Canada - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 106: Data Table connected Canada - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 107: Chart connected Canada - Year-over-year maturation 2022-2027 (%)
    • Exhibit 108: Data Table connected Canada - Year-over-year maturation 2022-2027 (%)
  • 9.13 Market accidental by geography
    • Exhibit 109: Market accidental by geography ($ billion)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges
    • Exhibit 110: Impact of drivers and challenges successful 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
    • Exhibit 111: Overview connected Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
    • Exhibit 112: Overview connected factors of disruption
  • 11.4 Industry risks
    • Exhibit 113: Impact of cardinal risks connected business

12 Vendor Analysis

  • 12.1 Vendors covered
    • Exhibit 114: Vendors covered
  • 12.2 Market positioning of vendors
    • Exhibit 115: Matrix connected vendor presumption and classification
  • 12.3 Bank of America Corp.
    • Exhibit 116: Bank of America Corp. - Overview
    • Exhibit 117: Bank of America Corp. - Business segments
    • Exhibit 118: Bank of America Corp. - Key news
    • Exhibit 119: Bank of America Corp. - Key offerings
    • Exhibit 120: Bank of America Corp. - Segment focus
  • 12.4 BNP Paribas SA
    • Exhibit 121: BNP Paribas SA - Overview
    • Exhibit 122: BNP Paribas SA - Business segments
    • Exhibit 123: BNP Paribas SA - Key offerings
    • Exhibit 124: BNP Paribas SA - Segment focus
  • 12.5 HSBC Holdings Plc
    • Exhibit 125: HSBC Holdings Plc - Overview
    • Exhibit 126: HSBC Holdings Plc - Business segments
    • Exhibit 127: HSBC Holdings Plc - Key news
    • Exhibit 128: HSBC Holdings Plc - Key offerings
    • Exhibit 129: HSBC Holdings Plc - Segment focus
  • 12.6 IBK Industrial Bank of Korea
    • Exhibit 130: IBK Industrial Bank of Korea - Overview
    • Exhibit 131: IBK Industrial Bank of Korea - Product / Service
    • Exhibit 132: IBK Industrial Bank of Korea - Key offerings
  • 12.7 JPMorgan Chase and Co.
    • Exhibit 133: JPMorgan Chase and Co. - Overview
    • Exhibit 134: JPMorgan Chase and Co. - Business segments
    • Exhibit 135: JPMorgan Chase and Co. - Key offerings
    • Exhibit 136: JPMorgan Chase and Co. - Segment focus
  • 12.8 KB Financial Group Inc.
    • Exhibit 137: KB Financial Group Inc. - Overview
    • Exhibit 138: KB Financial Group Inc. - Business segments
    • Exhibit 139: KB Financial Group Inc. - Key offerings
    • Exhibit 140: KB Financial Group Inc. - Segment focus
  • 12.9 Mogo Inc.
    • Exhibit 141: Mogo Inc. - Overview
    • Exhibit 142: Mogo Inc. - Product / Service
    • Exhibit 143: Mogo Inc. - Key offerings
  • 12.10 National Bank of Kuwait S.A.K.P
    • Exhibit 144: National Bank of Kuwait S.A.K.P - Overview
    • Exhibit 145: National Bank of Kuwait S.A.K.P - Business segments
    • Exhibit 146: National Bank of Kuwait S.A.K.P - Key offerings
    • Exhibit 147: National Bank of Kuwait S.A.K.P - Segment focus
  • 12.11 NH Investment and Securities Co. Ltd.
    • Exhibit 148: NH Investment and Securities Co. Ltd. - Overview
    • Exhibit 149: NH Investment and Securities Co. Ltd. - Product / Service
    • Exhibit 150: NH Investment and Securities Co. Ltd. - Key offerings
  • 12.12 Shinhan Financial Group Co. Ltd.
    • Exhibit 151: Shinhan Financial Group Co. Ltd. - Overview
    • Exhibit 152: Shinhan Financial Group Co. Ltd. - Business segments
    • Exhibit 153: Shinhan Financial Group Co. Ltd. - Key offerings
    • Exhibit 154: Shinhan Financial Group Co. Ltd. - Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist
    • Exhibit 155: Inclusions checklist
    • Exhibit 156: Exclusions checklist
  • 13.3 Currency conversion rates for US$
    • Exhibit 157: Currency conversion rates for US$
  • 13.4 Research methodology
    • Exhibit 158: Research methodology
    • Exhibit 159: Validation techniques employed for marketplace sizing
    • Exhibit 160: Information sources
  • 13.5 List of abbreviations
    • Exhibit 161: List of abbreviations
  • demand for infrastructure-as-a-service (IaaS): The ongoing migration from on-premise infrastructure to cloud-based services is having an interaction connected the revenues of archetypal instrumentality manufacturers (OEMs) of servers, albeit the adverse interaction connected them is somewhat milder than the effect connected retention equipment. The emergence of IaaS has had a beardown interaction connected the IT hardware market. The biggest vantage of IaaS is that it allows enterprises to standard operations oregon present innovations successful the workflow without the request to marque important investments successful retention and servers for the accepted on-premise hardware environment. At the aforesaid time, cloud-focused infrastructure spending is expected to summation successful presumption of server, disk storage, and networking hardware.

About Us

Technavio is simply a starring planetary exertion probe and advisory company. Their probe and investigation absorption connected emerging marketplace trends and provides actionable insights to assistance businesses place marketplace opportunities and make effectual strategies to optimize their marketplace positions. With implicit 500 specialized analysts, Technavio's study room consists of much than 17,000 reports and counting, covering 800 technologies, spanning crossed 50 countries. Their lawsuit basal consists of enterprises of each sizes, including much than 100 Fortune 500 companies. This increasing lawsuit basal relies connected Technavio's broad coverage, extended research, and actionable marketplace insights to place opportunities successful existing and imaginable markets and measure their competitory positions wrong changing marketplace scenarios.

Contact

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Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
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