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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

#United Kingdom Metaverse Industry #United Kingdom Virtual Universe Market #UK Metaverse Industry #UK Virtual Universe Market #UK Cyber-Verse Solutions Market #UK Extended Reality World Market #UK Digital Realm Industry #Number Virtual Space Companies #Number of Blockchain Startups #Number of NFTS in Metaverse Market #Number of Augmented Reality Brands #Number of Metaverse Galleries In UK #UK Hardware Metaverse Market #UK Software Metaverse Market #UK Gaming Engine Metaverse Market #UK Extended Reality Software Industry #UK Financial Platform Metaverse Market #UK Metaverse Market Opportunities #UK Virtual Universe Market Trends #UK Cyber-Verse Industry Challenges #Major UK Virtual Reality Companies #Leading UK Extended Reality Partners #Emerging UK Professional Services Market #UK Metaverse Platform Competitors #Top Captive Players #Lilith Games Market Share UK #Roblox Corporation Profits #Tencent Holdings Market Position UK #Byte Dance Market Revenue UK #Nvidia Corporation Customer Base UK

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mobiloitteuk · 3 months

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themarketinsights · 7 months

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Dress Up Game Market Detailed Strategies, Competitive Landscaping and Developments for next 5 years

Latest released the research study on Global Dress Up Game Market, offers a detailed overview of the factors influencing the global business scope. Dress Up Game Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Dress Up Game The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are CrowdStar (United States), Tapps Games (Brazil), Activision Blizzard (United States), Libii (China), Glu Mobile (United States), XS Software (United Kingdom), Beijing Dawei Technology Co., Ltd. (China), Coco Play (China), Firemonkeys Studios (Australia)

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Dress Up Game Market Definition:

Dress up games are offer players the opportunity to dress up characters in various clothing styles. These games enable the players to simulate being able to dress up in clothes they would not dream of having. It encourages creative thinking and communication skills. The games helps kids practice language development and their social skills.

Market Trend:

The Popularity of Video Games

Development of Metaverse Platforms

Market Drivers:

Surging Adoption of Gaming as an Entertainment

Increasing Awareness about Online Games

Market Opportunities:

Fascinating Growth in Online Mobile Gaming Segment

The Global Dress Up Game Market segments and Market Data Break Down are illuminated below:

by Type (Superhero Look Alike Contest, Eliza Mall Mania, My Perfect Wedding, Traveling Guide Curly, Princess Prank Wars Makeover, Others), Platform (IOS, Android), Pricing (Free, Licenced)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Dress Up Game Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Dress Up Game market

Chapter 2: Exclusive Summary – the basic information of the Dress Up Game Market.

Chapter 3: Displayingthe Market Dynamics- Drivers, Trends and Challenges of the Dress Up Game

Chapter 4: Presenting the Dress Up Game Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying market size by Type, End User and Region 2015-2020

Chapter 6: Evaluating the leading manufacturers of the Dress Up Game market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Dress Up Game Market is a valuable source of guidance for individuals and companies in decision framework.

Data Sources & Methodology The primary sources involves the industry experts from the Global Dress Up Game Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

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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.

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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

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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.

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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.

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Head of Business Development

Phone: +1-315-215-1633

Email: [email protected]

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jenniferdavies · 2 years

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Develop NFT Marketplaces in the U.S., UAE, and the UK by hiring NFT Marketplace Developers

Innosoft has experienced top-notch developers for excellent digital development services. These developers have the capability to totally transform your business and take it to the next level. The dynamic digital world is giving new prospects for modern businesses. For example, NFT marketplace development is high in demand as blockchain technology is acting as a pillar for industries.

Businesses are adopting this wonderful technology as it can transform their business. Creating an NFT marketplace appeals to multiple companies. An NFT marketplace gives freedom to artists and creators to get the right amount for their handwork and creativity. Innosoft can help you to develop NFT marketplaces to provide the best values of NFT art.

The Rising Demand of An NFT Marketplace Development

You can use the Non-Fungible Tokens to track the ownership of a digital asset. You cannot trade NFTs like redeemable tokens. Innosoft considers these market factors and alights with the client's vision. NFT marketplaces are created to trade unique and special tokens. Musicians and Artists can register on the NFT marketplaces to monetize their work.

In the current scenario, more artists are using the NFT marketplaces. People choose these markets because it allows them to access both the main and secondary marketplaces.

Why You Should Consider NFTs

NFTs have a large market as they are very rare. If you are planning to develop an NFT marketplace then Innosoft provides you with some of the best blockchain development services in the market. Innosoft has a team of experienced developers who can deliver state-of-the-art NFT development services.

NFTs have gained popularity as they may tokenize practically anything and offer the true ownership of digital assets to the holder. Cryptocurrencies are usually stored in digital asset wallets. You can manage your NFTs and access them from any trusted wallet. NFTs like ETH can be traded between the addresses.

Sectors That Utilize NFTs ● Music ● Art ● Games ● Real Estate

Process That NFT Developers Follow At Innosoft

1. Requirement Gathering 2. UI/UX Design 3. Prototype 4. Development 5. Quality Assurance 6. Deployment 7. Support and Maintainance

Must-Have NFT Marketplace Features

The Innosoft NFT developers consider important NFT marketplace features that are essential for the smooth operation of an NFT marketplace. Here is the list of features that you should add to your NFT marketplace:

● Security: NFT is a decentralized and smart platform ● Search Filters: Users looking for particular NFTs may filter inquiries ● Crypto wallet integration: Since the NFT payments use cryptocurrency a verified cryptocurrency wallet should be included ● Liquidity: NFT tokens are highly liquid ● User-Friendly: Make sure your NFT marketplace platform is user-friendly

Create a Robust NFT Marketplace In UK, UAE, and USA

With highly experienced and certified NFT developers you can easily develop a best-performing NFT marketplace. Company owners, crypto aficionados, and designers may leverage NFT markets to their advantage and reach their goals. NFT developers at Innosoft Group help companies develop an NFT marketplace where artists can sell their NFTs for true value. The company also renders services such as betting software development, lottery software development, NFT gaming platform development, Solana blockchain software development, cryptocurrency software development, Metaverse development services, poker game app development, and many more. So If you want to create a distinctive NFT marketplace then developers at Innosoft can understand your vision and will help you to reach your goals.

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danielemarinellidtsocialize · 2 years

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About Daniele Marinelli’s crypto blog and DT network

The current structure of the Holding is as below, according to Daniele Marinelli that explains: We are a new generation Fintech company providing a wide range of financial services (custodian services, payment solutions, online banking services, asset management solutions). These services will become more and more accessible to everybody through our social apps: the messaging app, Uup, and our metaverse, Umetaworld. We integrate crypto assets in our range of financial services to provide their owners a friendly user experience whilst exchanging, buying or keeping them.

1. The FinTech Group

▪ DTSCB: DTS Circle Bank & Statutory Trust, USA/UK company with 100% ownership operating with custodianship agreement with European Digital Trust in Sweden.

▪ Dovre Forvaltning, Lithuanian company with 100% ownership operating with an Asset Management UCITS license in Lithuania (Undertakings for the Collective Investment in Transferable Securities) to invest globally in equity, commodities, Inflation-Linked Bonds, Nominal Bonds, Emerging Market Credits, of both corporate and governmental issuers, with no prescribed limits. The company will implement required notification procedures into different jurisdictions (Italy, UK) in order to be able to provide the services in those countries.

▪ Azure Psystems Limited, UK company with 80% ownership and FCA authorization as an electronic money institution focused on e-commerce services to issue electronic money, place, and withdraw cash to and from a payment account, execute payment transactions on a payment account with and without a credit line. It company works with IBAN provider ClearJunction, UK.

▪ Cospay Limited, UK company with 35% ownership and FCA authorization for e-commerce and banking solutions for corporate and individual clients. The company is the principal member of Visa, MasterCard and Union Pay that allows it to offer acquiring and issuing solutions to another financial institutions on the market and issue financial products like payment cards, POS terminals and e-commerce solutions.

▪ Teido, USA company with 100% ownership focused on development of innovative payments solutions (for example, using the individual’s hand as a private key in payment devices).

2. The Social Communications Group

▪ DTSocialize, Estonia company with 100% ownership responsible for Technology Development Hub for DTSH in blockchain space. The company also markets blockchain-based smart phones and home-based cloud box for remote backing of personal data from phones.

▪ Uup Social LLC, USA company with 100% ownership developing messaging and social network systems for DTSH using Bitcoin (decentralized) technology for encryption and account management using public and private keys to socialize among the users in encrypted manner. Uup Social LLC is the owner of Uup Messaging App and Umetaworld - social network in augmented reality.

▪ DT Shop Ltd, UK company with 100% ownership dedicated to managing shopping and ecommerce in our social network applications that has accumulated 1,000 merchants and 10,000 customers in a short period of time transacting in DTCoin.

▪ Henlow Ltd, UK company with 100% ownership managing the best performing (speed and reliability) platforms and software for VPN (www.novavpn.com) supported by special protocols of encryption the web navigation, offering great complementarity Bigdata effort as incubator.

▪ DT Finance Ltd, UK company with 100% ownership waiting for financial accounting data license by UK FCA to complement the Bigdata capacity.

3. Digital Money and Payment Solutions Group

▪ DT Circle, Ltd, UK company with 100% ownership awaiting the license for crypto wallet management from UK FCA.

▪ Deroka ltd, Lithuanian company with 100% ownership authorized by Lithuanian Central Bank’s to perform crypto-wallet, exchange, token and cryptographic services under brand-name UpMarkets. UpMarkets product of DTSH is a crypto-wallet solution with unique and powerful data collection and commercialization capabilities.

▪ ABC, Latvian company with 55% ownership offering cryptocurrency, exchange management platform, banking services (IBAN, Wires, Card Management). and “API router hub” for banks to connect with crypto services.

▪ DTCoin is the original token issued by DTSH group of companies that is used as an instrument for customer loyalty and discount programs with merchants who would like to transact with the DT Global Community members. These tokens are earned by participating in various social-media activities within the DTSH Group of Companies.

▪ UupCoin will offer tokenized medium for all transactions taking place inside the Umetaworld and will be earned by participating in the Umetaworld life as regulated by the proprietary tokenomics approach developed by the DTSH.

#dtcoin #daniele marinell #daniele marinelli crypto #daniele marinelli dt socialize #daniele marinelli dt coin #dt socialize holding #daniele marinelli big data

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coopdigitalnewsletter · 3 years

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6 Oct 2021: Shortages in the entropocene. Metaverses. Facebook.

Hello, this is the Co-op Digital newsletter. Forward it to a friend who’d like to read about what the internet is doing to retail businesses, people, communities and society.

[Image: Keiichi Matsuda]

Shortages in the entropocene

Another fortnight of driver, petrol, goods and gas shortages. You can draw out the chains of cascading failures. Policy and market structure leads to lower gas reserves, and to reduced resilience, and to energy price volatility, then to fertiliser production stopping, then CO2 production stops, then to food packaging shortages... Policy and market structure leads to a shortage in HGV drivers, and then to shortages of food and every other thing that is delivered, including petrol. Brexit and the virus as amplifiers of most of these shortfalls.

But you might summarise it all like this: industrial policy and supply chains were optimised for conditions that have abruptly changed, and it’s now clearer that they’re too brittle. Supply chains and the web of jobs and capital need to be more resilient for a more volatile future. And consumer expectations may need a reset. It looks as if higher prices will be inevitable. Will shoppers happily pay higher prices if they get reliability in return?

Metaverses

Adam Warburton, Co-op’s Chief Product Officer, wrote this great piece for the newsletter:

The first stage of the internet was the mainframe, then came desktop computing, and then mobile. We now live in an era of internet-everywhere given cloud services like Amazon Web Services and Azure make information permanently accessible anywhere. Each evolution of the internet takes between 5-10 years to mature, so we're only really seeing the internet-everywhere era mature now. Looking ahead, the next stage is an immersive internet, which moves from us being surrounded by the internet, to us being in the internet. That's where metaverses start.

There are already early metaverses; no doubt your children play Roblox, Minecraft or Fortnite. These games have metaverse tendencies, in that they create an immersive world where players are not themselves (they have a digital avatar) and they interact with other avatars and build and shape the world around them. If you've seen the movie Ready Player One, then you'll know what I mean. As is often the case, industries like gaming can lead the way in new tech.

In reality, the last 18 months working from home has created a small-scale Co-op support centre metaverse: we all existed online with purely digital interactions, and with with mixed reality backgrounds. Change the video from your face to a digital avatar, and we've essentially been in our own mini-Minecraft. We're seeing Facebook take this a stage further with Horizon Workrooms, a combination of Virtual Reality and work to create virtual collaborative spaces for businesses. It's not connected to your Facebook profile; you could be anyone inside Horizon, working for any company. Virtual reality for work might seem like a stretch (and to be fair, work meetings may not be the most exciting VR future you’d have hoped for), but we know that the nature of work has changed:

“in 2018 a work destination was, for the vast majority of people, a physical space; suddenly, though, for millions of white collar workers in particular, it’s a virtual space. And, if work is already a virtual space, then suddenly virtual reality seems far more compelling. In other words, virtual reality may be much more important than previously thought because the vector by which it will become pervasive is not the consumer space (and gaming), but rather the enterprise space, particularly meetings.”

We'll see this go further. There's debate around whether this will all amalgamate into a single metaverse or multiple metaverses, with portability and transfer of assets key; meaning I can port my avatar from Horizon into Roblox or another metaverse, for example.

There are interesting use cases for businesses. Will people order food inside the metaverse to be delivered in the real world? How do you deal with someone's estate when some of their life is now in a different reality? New legal precedents will be set, and how will we insure our metaverse assets? (side note, there's already a metaverse insurance startup YuLife).

All of this might be useful stimulus to think about where digital and technology go next. And of course, this might be completely wrong and the next internet era might take a different direction. Microsoft is betting on metaverses, and Zuckerberg says Facebook is becoming a metaverse company.

If you'd like to read more, these are the articles I'd recommend:

Metaverses, by Ben Thompson

Are We in the Metaverse Yet?, New York Times

Matthew Ball’s metaverse primer - lots of detail.

Thanks Adam!

Facebook: difficult week

Last week, media started running stories based on information released by a Facebook whistleblower: “FB chooses profits over safety”. When organisations get big enough, incentives pull them in what you’d charitably call challenging directions. They have outsized effects, unintended consequences, and too often damage to wider society.

Then on Monday, facebook.com, WhatsApp, Instagram and FB’s internal tools all went offline for about 6 hours. Technical details here and here, but the simple version is that some FB engineers made some configuration changes that took Facebook’s network off the internet.

When organisations get big enough, their operations get complex and eventually big failures happen. Big tech firms could cut out single points of failure etc by adding suppliers, but they generally find it harder to trust third parties to provide key bits of their service. Partly this is because they consider using networked software to provide fine-grained access to things as a core competency, and partly it’s because the other providers are their competition. The bigger picture is that (regardless of FB’s behaviour) fb.com, Insta and WhatsApp have become critical infrastructure for communities and small businesses. A sense of how critical: some people estimated ecommerce was down 27% during the outage.

Amazon: difficult products

So many cameras, in search of a vision: Amazon launched various things that use cameras, including a robot that’ll follow you around your house tracking your behaviour, and anyone else’s too. When it sees you looking at it, the robot’s screen will display your to-do list. Obvious privacy concerns, but also some “what’s the point” ones. (The point for Amazon is perhaps clearer: get you to be less reliant on your non-Amazon mobile phone for your computing.)

Elsewhere, the presence of a Ring doorbell may signal to burglars that your household has higher value contents. Again, unintended consequences.

Various things

Morrisons to scrap home deliveries from 50 stores with 1,400 staff affected - "we must now adapt and make some changes to the size of our online operation to meet our customer demands."

Pret to hire 3,000 staff after cutting same number in 2020.

Doordash doubledash - Deliveroo meets supermarket delivery.

A ‘game-changing’ revolution taking shape in communities across the UK - mainland UK’s most remote pub is community-owned.

Co-op Insurance celebrates 15 years of carbon offsetting as Co-op Group launches new net zero target.

Most workers don’t expect full-time office return.

Co-op and Co-op Digital news

Introducing Co-op’s Customer Experience Strategy team - “We need to consider CX across the whole customer journey”.

Inclusive meetings: encouraging collaboration from all.

“We don’t chase profit”: Steve Murrells, CEO of the Co-op Group, on running the UK’s biggest mutual.

Thank you for reading

Thank you friends, readers and contributors. Please continue to send ideas, questions, corrections, improvements, etc by replying or to @rod on Twitter. If you have enjoyed reading, please tell a friend! If you want to find out more about Co-op Digital, follow us @CoopDigital on Twitter and read the Co-op Digital Blog. Previous newsletters.

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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?

Interested to Know More about this Report, Request for a sample report

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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mobiloitteuk · 5 months

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themarketinsights · 7 months

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Dress Up Game Market to see Booming Business Sentiments