Metaverse Revolution: Analyzing Emerging Technologies, Key Players, and Market Trends in Gaming

The global Metaverse in Gaming Market size is projected to grow from USD 22.7 billion in 2023 to USD 119.2 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 39.3% during the forecast period. Major factors that are expected to drive the growth of the metaverse in gaming market include rise in demand for the 3D hardware devices in the adjacent markets namely AR, XR, VR, MR. Furthermore, emergence of gamification, virtual reality gaming, and AR-based mobile games are expected to create ample opportunities for metaverse in gaming vendors.

Meta (US) is one of the prominent players in the metaverse in gaming market that provides comprehensive digital experience platform featured with robust metaverse capabilities. In the metaverse in gaming market space, it provides its offerings via the Spark AR platform. Meta’s metaverse solution provides its clients the studio tool from Meta that allows users to create their AR effects for mobile. Meta continues to add capabilities to the platform. It added data analytics for Instagram and Facebook campaigns. Moreover, it emphasizes on product enhancements to gain market share.

Source: Digital Journal

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