Strategic Intelligence: The Metaverse
Description
Strategic Intelligence: The Metaverse
Summary
The metaverse is a virtual world where users share experiences and interact in real-time within simulated scenarios. GlobalData estimates the metaverse economy will be worth $155 billion by 2030, up from $40 billion in 2024. This growth will be driven by advancements in underlying technologies like augmented reality (AR), artificial intelligence (AI), and digital twins.
Key Highlights
Summary
The metaverse is a virtual world where users share experiences and interact in real-time within simulated scenarios. GlobalData estimates the metaverse economy will be worth $155 billion by 2030, up from $40 billion in 2024. This growth will be driven by advancements in underlying technologies like augmented reality (AR), artificial intelligence (AI), and digital twins.
Key Highlights
- The metaverse, hailed as the future of technology in 2021, has collapsed under the weight of its own hype. Immature technologies, a lack of interoperability, high costs, poor user experience, and limited real-world utility have contributed to this decline. Major tech players like Meta, Microsoft, and Tencent are scaling back or shuttering their metaverse investments. While underlying technologies like AR, AI, cryptocurrencies, and blockchain will continue to evolve, the grand vision of a fully immersive platform is on ice.
- The metaverse is entering a long period of recalibration. Its future will be less about grandiose, all-encompassing virtual worlds and more about subtle, practical integrations of immersive technologies into real-world applications. This will require a slower, pragmatic, and financially cautious approach over the next five to 10 years. The focus will be on narrower applications and sector-specific use cases rather than the sweeping, transformative consumer-focused technology once envisioned.
- This report provides an overview of the metaverse theme.
- It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
- The detailed value chain is split into four layers: foundation, tools, user interfaces, and experience.
- The metaverse theme involves companies from all technology sectors, including semiconductors, component makers, application software, and advertising. Some companies rushed to take early positions in the metaverse during 2021 and 2022, while others have yet to enter it. This report identifies companies that are well-positioned to benefit from the metaverse over the next five years.
Table of Contents
76 Pages
- Executive Summary
- Players
- Technology Briefing
- What is the metaverse?
- Who is driving the metaverse?
- What brought the metaverse into the spotlight?
- Who is developing the metaverse?
- What are the different types of metaverse?
- What is Web3?
- Where is the metaverse today?
- The future of the metaverse
- Trends
- Technology trends
- Macroeconomic trends
- Regulatory trends
- Industry Analysis
- Market size and growth forecasts
- Use cases
- Retail
- Financial services
- Healthcare
- Manufacturing
- Timeline
- Value Chain
- Foundation layer
- Semiconductors
- Components
- Connectivity
- Data management
- Blockchain
- Tools layer
- Artificial intelligence
- Payment platforms
- Adtech
- User interface layer
- Experience layer
- Companies
- Sector Scorecards
- Gaming sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Social media sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Application software sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Glossary
- Further Reading
- GlobalData reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Technology trends
- Table 2: Macroeconomic trends
- Table 3: Regulatory trends
- Table 4: Companies
- Table 5: Glossary
- Table 6: GlobalData reports
- List of Figures
- Figure 1: Who are the leading players in the metaverse theme, and where do they sit in the value chain?
- Figure 2: The metaverse is still largely conceptual
- Figure 3: Use cases for NFTs in the metaverse
- Figure 4: Two types of companies are developing the metaverse
- Figure 5: There are three types of metaverse
- Figure 6: How has the internet evolved?
- Figure 7: The difference between the metaverse and Web3
- Figure 8: The metaverse will generate $155 billion in revenue by 2030
- Figure 9: The retail metaverse
- Figure 10: The financial services metaverse
- Figure 11: The healthcare metaverse
- Figure 12: The manufacturing metaverse
- Figure 13: The metaverse story
- Figure 14: The metaverse value chain
- Figure 15: The metaverse value chain - Foundation layer: semiconductors
- Figure 16: The metaverse value chain - Foundation layer: components
- Figure 17: The metaverse value chain - Foundation layer: connectivity
- Figure 18: The metaverse value chain - Foundation layer: data management
- Figure 19: The metaverse value chain - Foundation layer: blockchain
- Figure 20: The metaverse value chain - Tools layer: artificial intelligence
- Figure 21: Applications of generative AI in the metaverse
- Figure 22: The metaverse value chain - Tools layer: payment platforms
- Figure 23: The metaverse value chain - Tools layer: adtech
- Figure 24: The metaverse value chain - User interface layer
- Figure 25: The metaverse value chain - Experience layer
- Figure 26: Who does what in the gaming space?
- Figure 27: Thematic screen - Gaming sector scorecard
- Figure 28: Valuation screen - Gaming sector scorecard
- Figure 29: Risk screen - Gaming sector scorecard
- Figure 30: Who does what in the social media space?
- Figure 31: Thematic screen - Social media sector scorecard
- Figure 32: Valuation screen - Social media sector scorecard
- Figure 33: Risk screen - Social media sector scorecard
- Figure 34: Who does wht in the application software space?
- Figure 35: Thematic screen - Application software sector scorecard
- Figure 36: Valuation screen - Application software sector scorecard
- Figure 37: Risk screen - Application software sector scorecard
- Figure 38: Our five-step approach for generating a sector scorecard
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