Whitepaper

Metaverse - Avenue of New Business Opportunities

Market Research

A network of 3D virtual worlds, the metaverse allows users to interact, meet, play games, and buy and sell things. It is transforming the virtual world by connecting content, users, and programs directly to each other. This revolution employs decentralized protocols like blockchain technology to facilitate transactions. The increasing consumer preference for online shopping and the rising demand for virtual workspace due to the COVID-19 pandemic has created huge opportunities for metaverse technologies.

Key Takeaway:

  • Smartphone companies are projecting to deliver a competitive metaverse experience and lead the development alongside Microsoft and Facebook.
  • Advanced technologies, including blockchain, augmented reality (AR), virtual reality (VR), artificial intelligence (AI), 3D reconstruction, and the Internet of Things (IoT), are driving metaverse investment opportunities.
  • Industry players across media and entertainment, manufacturing, commerce, healthcare, and education have started seeing embracing the potential of the metaverse and contributing to its expansion.

To know more...




Authors

Related Topics

Whitepapers

New-Age Advertising Market Outlook

The global advertising industry has been consistently driving...

Cannabis

Whitepapers

Cannabis or Medical Marijuana?

An analysis of the #1 consumption market that will consume higher amounts of marijuana products in 2021; the public perceptions on medical marijuana, hopes,...

Femtech

Whitepapers

Untold Analysis of Bride and Prejudice(s) – Eve, Apple,...

In this first part of the SG Analytics Study in 2020, we have highlighted the white space, competition, and opportunities of the market that can benefit the...

We bring comprehensive data driven insights to everyone, everywhere