S&P Global Market Intelligence Outlook Projects AR and VR Installed Base to Reach Nearly 74 Million by 2026 as Game Technology Illustrates Promise of Metaverse - PR Newswire

, /PRNewswire/ -- Gaming exertion volition service arsenic the biggest driving unit for the metaverse's improvement successful the adjacent word arsenic augmented world (AR) and virtual world (VR) hardware enables users to prosecute successful virtual worlds successful and extracurricular of work, according to a caller S&P Global Market Intelligence study released today. The recently published 2023 Technology, Media and Telecommunications (TMT) Industry Outlook is portion of S&P Global Market Intelligence's Big Picture 2023 Outlook Report Series.

The caller study highlighted implications of the metaverse successful gaming and the enterprise, datacenter sustainability amid a worsening vigor crisis, and the emergence of fintech arsenic a service. The study besides explores video streaming contention and broadband translation arsenic forces of disruption successful 2023.  

"The foundational displacement of the planetary system to a integer footing—a displacement that has been underway for implicit a decennary and accelerated during the pandemic—continues. This is creating tremendous opportunities for caller worth instauration and disruption," said Eric Hanselman, Chief Research Analyst for TMT astatine S&P Global Market Intelligence.

Key highlights from the study include:

• AR and VR instrumentality adoption volition turn steadily implicit the adjacent 5 years arsenic large tech companies underline the hardware's imaginable arsenic a conduit to the metaverse. As of the extremity of 2021, S&P Global Market Intelligence estimates determination were 28.5 cardinal AR/VR headsets installed worldwide crossed user and commercialized settings, and forecasts that basal to turn to 73.6 cardinal by 2026.
• The planetary vigor situation whitethorn propulsion datacenter operators to trial and instal caller instrumentality much rapidly than expected. While hyperscale datacenters pull attraction due to the fact that they are truthful large, S&P Global Market Intelligence's models amusement that unreality deployments tin beryllium up to 80% much businesslike than emblematic endeavor IT deployments.
• The fintech arsenic a work assemblage is rapidly attracting task capital, with backstage startups successful this assemblage raising much than $5 billion since the commencement of 2021.
• Rising ostentation and outgo of surviving crises whitethorn unit immoderate consumers to pare backmost streaming subscriptions, which successful crook could punctual the battalion chasing Netflix and Disney to absorption connected profitability alternatively of scale.
• By 2030, planetary wage TV penetration is predicted to gaffe to 51.2% of residential households, from 57.7% successful 2021. Moreover, the fig of fixed broadband subscribers globally is forecast to deed 1.13 cardinal by 2023, exceeding the 1.09 cardinal accepted wage TV subscribers for the archetypal time. 

To petition a transcript of the 2023 Technology, Media & Telecommunications Industry Outlook, delight interaction [email protected].

S&P Global Market Intelligence's opinions, quotes, and credit-related and different analyses are statements of sentiment arsenic of the day they are expressed and not statements of information oregon proposal to purchase, hold, oregon merchantability immoderate securities oregon to marque immoderate concern decisions, and bash not code the suitability of immoderate security.

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SOURCE S&P Global Market Intelligence