Metaverse in entertainment market size to grow by USD 28.92 billion, Insights on the Key Drivers and Trends - Technavio

NEW YORK, Nov. 30, 2022 /PRNewswire/ -- The metaverse in entertainment market size is projected to grow by USD 28.92 billion, progressing at a CAGR of 8.55% from 2021 to 2026. Based on region, the global metaverse in the entertainment market is segmented into North America, South America, Europe, APAC, and MEA. North America is estimated to contribute 33% to the growth of the global market over the forecast period. The rapid convergence of the entertainment industry, the traction of the gaming culture, the integration of gaming services into the service offerings of major entertainment brands, and the increased investments to create immersive gaming and entertainment experiences will facilitate the metaverse in entertainment market growth in North America over the forecast period. 

For insights on the other segments - Request a free sample!

Metaverse in the entertainment market: Rising consumer spending across virtual concerts, events, and others drives the growth

• The rising consumer spending across virtual concerts, events, and others is driving the growth of the market. For instance, in India, the media and entertainment business reached USD 19 billion in 2020 and is projected to record USD 25.9 billion by 2023. The significant rise in the demand for virtual events and an increase in the number of people attending concerts and events will propel the industry further. Moreover, immersive technologies such as AR and VR are evolving at a rapid pace. Such factors will contribute to the growth of the market in focus during the forecast period.

Metaverse in the entertainment market: Rising consumer adoption of online gaming is the key trend

• Rising consumer adoption of online gaming is a key trend in the market. Metaverse provides an immersive visual experience with the help of emerging technologies such as blockchain, IoT, and 3D visualization. According to KPMG, online gaming will reach 510 million people by the end of 2022. Moreover, the increasing use of advanced gaming technologies, changing entertainment choices for consumers, and rising income levels will further support market growth in the coming years.

 Download our exclusive report on the metaverse in entertainment market covering market challenges, vendor analysis, and growth opportunities

This market research report segments the metaverse in the entertainment market by end-user (film production, music labels, OTT platforms, television broadcasters, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa).

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Buy the report!

Some of the key topics covered in the report include:

Market Drivers

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

 Technavio's library includes over 17,000+ reports, covering more than 2,000 emerging technologies. Subscribe to our "Basic Plan" at just USD 5,000 and get lifetime access to Technavio Insights

The metaverse in e-commerce market size is expected to grow by USD 60.47 billion from 2021 to 2026 at a progressing CAGR of 36.47%. The growing popularity of AR technology is notably driving the metaverse in e-commerce market growth, although factors such as privacy and security concerns over the metaverse may impede the market growth.

The metaverse market in finance is estimated to grow at a CAGR of 21.33% between 2022 and 2027. The size of the market is forecasted to increase by USD 107.06 billion. This report extensively covers segmentation by component (hardware and software), end-user (brokerage firms, investment banks, commercial banks, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

1 Executive Summary

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

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Film production - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Film production - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Film production - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Film production - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Film production - Year-over-year growth 2021-2026 (%)

• 5.4 Music labels - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Music labels - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Music labels - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Music labels - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Music labels - Year-over-year growth 2021-2026 (%)

• 5.5 OTT platforms - Market size and forecast 2021-2026 
• Exhibit 36: Chart on OTT platforms - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on OTT platforms - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on OTT platforms - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on OTT platforms - Year-over-year growth 2021-2026 (%)

• 5.6 Television broadcasters - Market size and forecast 2021-2026 
• Exhibit 40: Chart on Television broadcasters - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Television broadcasters - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Television broadcasters - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Television broadcasters - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026 
• Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by End-user 
• Exhibit 48: Market opportunity by End-user ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026 
• Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 UK - Market size and forecast 2021-2026 
• Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.10 China - Market size and forecast 2021-2026 
• Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.11 Canada - Market size and forecast 2021-2026 
• Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.12 Germany - Market size and forecast 2021-2026 
• Exhibit 90: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 91: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 92: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 95: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 97: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 98: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 99: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 100: Matrix on vendor position and classification

• 10.3 Aomen City
• Exhibit 101: Aomen City - Overview
• Exhibit 102: Aomen City - Product / Service
• Exhibit 103: Aomen City - Key offerings

• 10.4 Epic Games Inc.
• Exhibit 104: Epic Games Inc. - Overview
• Exhibit 105: Epic Games Inc. - Product / Service
• Exhibit 106: Epic Games Inc. - Key offerings

• 10.5 Hungama Digital Media Entertainment Pvt. Ltd. 
• Exhibit 107: Hungama Digital Media Entertainment Pvt. Ltd. - Overview
• Exhibit 108: Hungama Digital Media Entertainment Pvt. Ltd. - Product / Service
• Exhibit 109: Hungama Digital Media Entertainment Pvt. Ltd. - Key offerings

• 10.6 Meta Platforms Inc.
• Exhibit 110: Meta Platforms Inc. - Overview
• Exhibit 111: Meta Platforms Inc. - Business segments
• Exhibit 112: Meta Platforms Inc. - Key news
• Exhibit 113: Meta Platforms Inc. - Key offerings
• Exhibit 114: Meta Platforms Inc. - Segment focus

• 10.7 Niantic Inc.
• Exhibit 115: Niantic Inc. - Overview
• Exhibit 116: Niantic Inc. - Product / Service
• Exhibit 117: Niantic Inc. - Key offerings

• 10.8 OverActive Media Corp. 
• Exhibit 118: OverActive Media Corp. - Overview
• Exhibit 119: OverActive Media Corp. - Business segments
• Exhibit 120: OverActive Media Corp. - Key offerings
• Exhibit 121: OverActive Media Corp. - Segment focus

• 10.9 Qualcomm Inc.
• Exhibit 122: Qualcomm Inc. - Overview
• Exhibit 123: Qualcomm Inc. - Business segments
• Exhibit 124: Qualcomm Inc. - Key news
• Exhibit 125: Qualcomm Inc. - Key offerings
• Exhibit 126: Qualcomm Inc. - Segment focus

• 10.10 Queppelin
• Exhibit 127: Queppelin - Overview
• Exhibit 128: Queppelin - Product / Service
• Exhibit 129: Queppelin - Key offerings

• 10.11 Roblox Corp
• Exhibit 130: Roblox Corp - Overview
• Exhibit 131: Roblox Corp - Product / Service
• Exhibit 132: Roblox Corp - Key offerings

• 10.12 Tetavi Ltd.
• Exhibit 133: Tetavi Ltd. - Overview
• Exhibit 134: Tetavi Ltd. - Product / Service
• Exhibit 135: Tetavi Ltd. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 136: Inclusions checklist
• Exhibit 137: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 138: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 139: Research methodology
• Exhibit 140: Validation techniques employed for market sizing
• Exhibit 141: Information sources

• 11.5 List of abbreviations 
• Exhibit 142: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/metaverse-in-entertainment-market-size-to-grow-by-usd-28-92-billion-insights-on-the-key-drivers-and-trends---technavio-301689940.html

SOURCE Technavio

[ Back To TMCnet.com's Homepage ]