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kenresearch1 · 10 months

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Future Outlook of UK Metaverse Market: Ken Research

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What is the market Size of UK Metaverse Industry?

UK Metaverse market is growing at a double digit CAGR in 2017-2022 and is expected to reach USD ~ Bn by 2028.

The UK Metaverse Market is largely driven by One of the significant growth drivers of the metaverse market is the increasing demand for immersive and interactive virtual experiences across various industries, including gaming, entertainment, education, and commerce.

UK Metaverse Market is at a growing stage. It is a fragmented market with the presence of many metaverse companies. The market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more customized virtual reality platform.

Few major UK Metaverse players are Lilith Games, Roblox Corporation., Tencent Holdings, Byte Dance., Nvidia Corporation. Europe continues to dominate the UK Metaverse market. Depending on technology, the virtual reality and augmented reality segment dominated the metaverse market share in 2020, and is expected to continue this trend during the forecast period, owing to growing demand for virtual reality (VR) / augmented reality (AR) based services.

An increase in awareness and lifestyle changes is the fundamental driver of metaverse market growth. Customers are more likely to remain loyal when their needs are customized.

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UK Metaverse Market segmentation by component

The UK Metaverse market is segmented by component into Software, Hardware and Professional Services. Software was the dominant form.

UK Metaverse Market segmentation by vertical

The UK Metaverse market is segmented by vertical into Consumer, Commercial, Industrial Manufacturing, Healthcare and Others. Consumer was the most dominant in 2022.

UK Metaverse Market by Region

The UK Metaverse market is segmented by region into England, Wales, Northern Ireland, Scotland and other Regions. England is the most dominant market.

Competition Scenario in UK metaverse Market

The UK metaverse market is fragmented. The report covers the major players operating in the United Kingdom virtual reality market. Some of the prominent players in the industry are Lilith Games, Roblox Corporation., Tencent Holdings, Byte Dance., Nvidia Corporation. Competition in the metaverse is intensifying as more companies enter the market, offering a variety of virtual reality, augmented reality, and extended reality experiences. Established tech giants, startups, and gaming companies are vying to capture a significant share of the growing metaverse industry, leading to innovative developments and unique offerings to attract users.

What is the Expected Future Outlook for the Overall UK metaverse Market?

The UK Metaverse market was valued at USD ~ billion in 2022 and is anticipated to exceed USD ~ billion 2028, witnessing a robust CAGR during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The UK Metaverse market is driven by demand for rising disposable income in developing economies. The continuous advancements in virtual reality (VR), augmented reality (AR), and extended reality (XR) technologies are fueling the development and adoption of metaverse platforms, creating new opportunities for businesses and users alike.

The government has set forth ambitious strategies to leverage digital technologies extensively in enhancing its services, processes, and decision-making capabilities. Rise in Demand in the media and entertainment, gaming and adjacent markets like virtual reality (VR), augmented reality (AR), mixed reality (MR), and digitalization in the fashion, retail, and art industries are the main factors for the metaverse industry growth.

The concept of sustainable packaging is proving to be a highly beneficial investment and a responsible choice for the environment when it comes to reality platforms. With the rising awareness regarding the environmental impact of virtual assets and digital content within the metaverse, there is a growing push for new policies and measures that hold businesses accountable for sustainable practices and responsible management of virtual resources.

AI and cognitive learning technologies have started to play a decisive role and are poised to be game-changers in several avenues.

During the forecast period of 2022-2028, it is anticipated that the UK Metaverse market will grow at a massive CAGR by 2028. Growing concerns about virtual avatar health and excessive virtual consumption habits are prompting various governments to adopt plain packaging strategies for metaverse products. By implementing plain packaging regulations, authorities aim to raise awareness about digital well-being and encourage responsible virtual choices among users within the metaverse.

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Market Maxomony

By component

Software

Hardware

Professional Services

By vertical

Consumer

Commercial

Industrial Manufacturing

Healthcare

Others

By Region

England

Wales

Northern Ireland

Scotland

Other Regions

Major UK Metaverse Market Players

Lilith Games

Roblox Corporation

Tencent Holdings Ltd.

Byte Dance

NetEase

Facebook Inc

Time Period Captured

Historical Period – 2017-2022

Base Period – 2022

Forecast Period – 2022 –2028

For More Insights On Market Intelligence, Refer to the Link Below: –

UK Metaverse Market Outlook to 2028

Related Reports by Ken Research: –

US Metaverse Market Outlook to 2028

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jcmarchi · 3 months

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Exciting time Ahead for the iGaming Industry - Technology Org

New Post has been published on https://thedigitalinsider.com/exciting-time-ahead-for-the-igaming-industry-technology-org/

Exciting time Ahead for the iGaming Industry - Technology Org

Online gaming has seen many changes in the past decade. It’s an industry that gives a very blank disapproving look when the possibility of ‘standing still’ is mentioned. Just what might happen in the future?

Online gaming – illustrative photo. Image credit: Florian Olivo via Unsplash, free license

The arrival of the internet began the revolution. Faster and cheaper broadband connections have made life even easier. Those days of screens being frozen just at the wrong moment have faded away.

All of these improvements have led to a hugely successful business being created. Whether it be playing games or placing online bets, there are massive profits being made.

The gambling industry has in particular seen massive expansion. Over 30 US states have now made sports betting legal, also in other countries including the UK you can place a bet and visit Twin.com via this link.

Security is important when you go online and that’s particularly the case with the payment method employed. A growing number of gaming sites are now using cryptocurrencies as this can give additional protection against online fraudsters.

The amount of personal information that must be used is considerably less if using cryptocurrencies. If there is a cyber attack then the fraudsters are going to be disappointed with what they find.

Being able to make financial transactions is also a smoother and swifter process, particularly with withdrawals. The latter is particularly important as players do not want to be waiting a long time before accessing what are hopefully good winnings.

When it comes to playing video games, hardware can still be an expensive purchase. The introduction of cloud gaming is making it cheaper to enjoy your favorite games. All you need is an internet connection and access to top titles is achieved.

This can help online casinos too with the ability to further extend the reach they already have. New markets can be entered into and that can only mean more profits on the way.

Back to never standing still and Virtual Reality (VR) and Augmented Reality (AR) are the next big steps forward.

Those VR helmets may look rather silly but there’s a whole new world of entertainment waiting out there. Massive investment is taking place to ensure that the very best use of the metaverse can take place in the coming years.

Whether it’s playing games in alien worlds or a poker game in a top casino, it’s all available with this new technology. With AI also making a presence, the future looks very bright indeed.

Esports are also becoming increasingly popular with big cash prizes to be won. The gambling industry also embraced them especially when the pandemic saw top sporting events postponed.

An exciting time lies ahead for online games and gambling. It’d be interesting to see what a similar article will feature in say 2034.

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bobasheesh · 1 year

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thebrainyinsights123 · 1 year

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Metaverse Market 2022 Key Players and Production Information Analysis with Forecast 2030

The Brainy Insights has released a market research report based on Global Metaverse Market. This report gives a current and accurate standing of the Metaverse industry in the market. It offers crucial information on the numerous factors that will influence the market growth through a quick scan of the Metaverse industry and in-depth information about its essential aspects.To succeed in the industry, a new entrant must have a thorough understanding of the market, as outlined in the study report published by The Brainy Insights. The study includes a complete grasp of the Metaverse market and its several segmentations and potential avenues for market expansion.The study begins with examining the definitions, categories, and a market overview that addresses establishing the Metaverse market. Additionally, the report apprises the buyer of the report the numerous aspects of the product, the production network, the manufacturing process, and the cost structure. The industry's structural elements are then thoroughly explained, as are the key factors influencing this sector's growth.

The global metaverse market is expected to reach USD 993.86 billion by 2030, at a CAGR of 43.20% from 2022 to 2030.

The most significant players coated in global Metaverse market report: Alibaba Cloud,Globant,Magic Leap, Inc.,Meta (Facebook Inc.,Microsoft Corporation,Netease Inc.,NVIDIA Corporation,Queppelin,Roblox Corporation,Tencent Holdings Ltd.

Get Access to PDF Sample of Metaverse Market Status and Trend Analysis 2022-2030 (COVID-19 Version) @ https://www.thebrainyinsights.com/enquiry/sample-request/12815

The study includes a part dedicated explicitly to SWOT analysis, Porter's Model, and PESTEL analysis to provide a more in-depth understanding of the Metaverse industry. The research thoroughly examines the major producers and their market shares concerning the overall market. Additionally, the study covers the regional presence, products provided, and financial analysis of the participants to assess the level of market competition.

The product spectrum of the market, constituting:

by Technology:

Virtual Reality (VR)

Blockchain

Mixed Reality (MR)

Augmented Reality (AR)

by Component:

Software

Hardware

Professional Services

The application landscape of the market, comprising:

Regions coated within the Metaverse report include: ● North America (USA, Canada, and Mexico) ● Asia Pacific (Japan, Southeast Asia, China, India, Asian country, Indonesia, and Australia) ● Europe (Spain, Germany, Italy, uk, France, Russia, and alternative European countries) ● South America (Colombia, Brazil, and Argentina) ● And remaining others

To review full table of contents click here @ https://www.thebrainyinsights.com/report/metaverse-market-12815

The report's distinct features are:

Important participants and their market shares, earnings, and revenues are presented in the report.

Each segment's CAGR is provided to make significant distinctions between various product types and applications.

The state of the market today and the variables influencing it are examined.

Enquire for customization in Report @ https://www.thebrainyinsights.com/enquiry/request-customization/12815

About The Brainy Insights:

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.

Avinash D

Head of Business Development

Phone: +1-315-215-1633

Email: [email protected]

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new-layer-app · 2 years

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Nreal Air Smart Glasses Debut in UK Chinese augmented reality (AR) company Nreal debuted its Air smart glasses in the UK with partner EE, following a multi-million dollar global expansion drive for its products, led by Alibaba Holdings. Nreal’s Air smart glasses are available on EE’s website for £399.99 or 11 monthly instalments of £35 with a £10 upfront cost. The product is also available in European, Asian, and North American markets, following a brief legal battle with Epic Games. The device supports various phone models such as Samsung Galaxy, Sony Experia, and OPPO Find models, with a complete list available on EE’s website. Furthermore, Nreal supports its hardware lineup, which includes the firm’s Light smart glasses – with Nebula, a smartphone application which assists with user navigation. Currently, Nreal Nebula is available on the Google Play Store to provide full spatial computing, hand tracking, plane detection, and screen recording for Air or Light headset wearers. 📱 Download the app by link: https://apps.apple.com/us/app/id1559419724 ❤️ Join us on social networks: https://newlayer.ar-generation.com/unilink/ #metaverse #metaversenews #newlayerapp #augmentedreality #ar #3D #virtualreality #vr #xr #mr #nreal #airsmartglasses #nebula

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nancysnarrative · 3 years

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Awestruck’s Key Points

1. Embrace a positive future and a world of possibilities

Science and technology can offer a better future and healthier lifestyles.

2. A sustainable future is a better future

Our tomorrow depends on our actions today. It's vital that sustainable materials and methods are put into place.

3. Use silhouette and structure to create surreal effects

Skew proportions and subvert expectations around fit to create unexpected shapes. Modular pockets, enhanced hardware, vegan leather and moulded materials can add volume and structure, creating escapist looks and a sense of protection from modern life.

4. Explore prints that link the past and the future

Designers, artists, and engineers have catalysed the development of new technologies, combining a sense of spiritual wellness with a digital future. Incorporate precise geometric prints developed from both old and new symbols as cut-and-sew graphics, knitwear patterns, and even as ways to elevate partywear.

5. Lean into the importance of sensory experiences

As our daily life increasingly shifts to the digital realm, explore how you can use the tactility of clothing to keep us connected to the physical space (grounded). Luxe materials that offer a sensory experience grounded in cosiness and safety.

PESTLE Analysis

Political Influences

Economic

Social Influences

As lockdown restrictions eased, the fashion industry is set to pick up momentum in 2022, as consumers unleash pent-up buying power and dress to impress in social settings. Recovery is at the top of executives’ minds for the coming year, with 75 percent of luxury-segment executives and 61 percent of mid-market executives expecting better trading conditions.

Technological Influences

Hyper-interactive digital environments and investment in e-commerce are becoming increasingly popular. In 2022 e-commerce, tokens, gaming “skins,” and virtual fashion edging closer to the mainstream. Some brands over the past year expanded into the digital “metaverse,” rolling out virtual stores, gaming, and digital events. In the coming 12 months, in-app social commerce plays an increasingly important role.

Legal

Environmental

‘Science will save us’. Awestruck is all about looking to the future with optimism. The world is a mess currently. Climate change is increasingly having its consequences. The oceans are polluted with plastic. According to the UN (cited in Paton, 2019) the fashion industry is responsible for around 10% of global greenhouse gas emissions. This industry consumes more energy than the combined consumption of international aviation and shipping industries. In the UK, as 80% buyers buy clothes that they never wear. Awestruck highlights the importance of the use of sustainable materials as environmental issues becomes increasingly important.

Key Designers

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kenresearch1 · 10 months

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Are UK Based Players Dominating the Metaverse to Secure a $250 Bn Edge by 2028?: Ken Research

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Story Outline

Rise in Demand in the media and entertainment, gaming and adjacent markets like virtual reality (VR), augmented reality (AR), mixed reality (MR), and digitalization in the fashion, retail, and art industries are the main factors for the metaverse industry growth.

New product launches and contracts are expected to offer lucrative opportunities for the market players during the next five years.

1.Is the increasing demand in the entertainment and gaming industry becoming a significant growth driver for the metaverse market?

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The media, entertainment and gaming industry has experienced rapid growth due to the rising popularity of AR, VR, and MR technologies. The widespread adoption of VR headsets, MR headsets, smart glasses, and other devices has enabled a first-person perspective, natural user interfaces, and 6-degree freedom, creating highly immersive virtual scenarios that enhance the gaming experience for users.

These technological advancements have significantly improved user experiences, providing realistic real-time interactions. The surging demand for extended reality devices has attracted substantial investments from major market players, driving the metaverse's integration and usage in the gaming and entertainment sectors.

2.High installation and maintenance costs of high-end metaverse components slightly restrains the market.

In the UK Metaverse market, the hardware components play a crucial role, including XR devices, semiconductor components, sensors, trackers, and cutting-edge equipment. For an authentic and captivating metaverse experience, fast networking, ample storage, and high-end hardware are essential, but these can be costly. Additionally, the devices used in the metaverse often incorporate 3D and other advanced technologies, further adding to their expenses.

Enterprise-grade metaverse software, including engines, 3D modeling tools, and rendering software, is also on the higher end of the cost spectrum. The installation of extended reality devices and solutions requires additional investments, and ongoing maintenance costs can further escalate the overall expenses associated with adopting metaverse technology in the UK. Consequently, these substantial upfront and recurring costs may pose challenges to the growth of the UK Metaverse market.

3.Based on vertical, the Consumer segment holds the largest market share among verticals during the forecast period

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The consumer segment in the metaverse market comprises two main sub-segments: Gaming and social media and live entertainment & other events. Within the realm of entertainment applications, metaverse technology is utilized in diverse settings such as museums, theme parks, art galleries, and exhibitions, offering captivating experiences.

Metaverse, in conjunction with XR technology, delivers impressive visual effects, particularly evident in gaming and sports broadcasts. The gaming industry has been quick to embrace innovative technologies like 3D, VR, and MR, elevating the gaming experience for players. These technologies enable the creation of virtual objects and characters seamlessly integrated into defined real-world locations. As a result, players can interact with and immerse themselves in these games, feeling as if they are part of a live gaming experience, thanks to meticulously designed engines and 3D modeling software.

The live entertainment and events category includes a wide range of activities, such as sports events, circus performances, music concerts, trade fairs, exhibitions, seminars, and more. Metaverse applications enrich the experience of these events, making them even more engaging and interactive for attendees.

The metaverse industry in Europe is experiencing a surge in consumer interest and willingness to explore its various applications, ranging from socializing to online shopping and attending entertainment events. This trend has prompted major brands to innovate and enhance customer experiences, driving the future growth of their businesses. Although the metaverse sector is still in its early stages of development, the outlook for robust growth over the next three to four years remains promising. As firms continue to invest in building the future of the internet, the metaverse is poised to become an integral part of people's lives and contribute significantly to the evolving digital landscape.

#UK Metaverse Market

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cimedia · 1 year

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