Finance Metaverse Market Expected to Grow 20.59% YoY from 2022 to 2023: Integration with Virtual Reality and Augmented Reality Platforms Will Drive Growth

NEW YORK, December 6, 2022 /PRNewswire/ — Financial Information Metaverse Market –

• Sellers: 15+, including Bank of America Corp., BNP Paribas SA, HSBC Holdings Plc, IBK Industrial Bank of Korea, JPMorgan Chase & Co., KB Financial Group Inc., Mogo Inc., National Bank of Kuwait SAKP, NH Investment & Securities Co. Ltd., and Shinhan Financial Group Co. Ltd., among others

• Cover: Parent market analysis; key drivers, major trends and challenges; customer and supplier landscape; information on vendor products and recent developments; the main suppliers; and the positioning of sellers in the market

• segments: Component, end user and geography

To learn more about the Financial Metaverse market, request a sample report

In 2017, the finance metaverse market was valued at $25.58 billion. From a regional perspective, APAC held the largest market share, valued at $6.09 billion. The financial metaverse market size should grow by $107.06 billion from 2022 to 2027 at a CAGR of 21.33% according to Technavio.

Metaverse market in finance – Customer landscape

To help businesses assess and develop strategies for growth, the report outlines –

• Main purchase criteria

• Adoption rate

• Adoption Lifecycle

• Price sensitivity factors

• For highlights on customer landscape analysis, download a sample report!

Finance Metaverse Market – Vendor Insights

The global finance metaverse market is concentrated. The market is subject to rapidly changing consumer demands and preferences. Supplier performance may be affected by global and regional economic conditions and various other demographic trends. Suppliers compete on the basis of several factors such as quality, price, service, brand image, distribution and marketing. Most vendors innovate in their existing products or introduce new product lines to compete in the market. Some vendors focus on acquiring smaller brands to increase their market presence. The market is expected to witness the entry of a large number of pureplay technologies or other players, which will intensify the competition during the forecast period. The Technavio report analyzes the competitive landscape of the market and offers information about several vendors in the market including –

The story continues

• Bank of America Corp. – The company offers a metaverse in finance through VR training programs.

• BNP Paribas SA – The company offers a financial metaverse via WIRED (Wearable Immersive Real Estate Dataroom).

• HSBC Holdings Plc – The company offers a metaverse in finance with the use of augmented reality, virtual reality and extended reality.

Metaverse Market in Finance – Market Dynamics

Main Drivers:

• Integration with VR and AR platforms

• The emergence of artificial intelligence (AI)

• Growing Popularity and Adoption of Cryptocurrencies

Main challenges:

• Privacy and Security Concerns About the Metaverse

• Lack of qualified employees

• System configuration issues

Drivers and challenges impact market dynamics, which can impact businesses. Find out more information in a sample report!

The Financial Metaverse Market report provides critical information and factual data, with qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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• Add credibility to strategies

• Analyze competitors’ offers

• Get a global vision of the market

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What are the key data covered in this Metaverse Finance market report?

• Market CAGR over the forecast period 2023-2027

• In-depth information on factors that will drive the growth of the Financial Metaverse Market over the next five years

• Accurate estimation of the size of the Metaverse in Finance market and its contribution to the parent market

• Accurate predictions on upcoming trends and changes in consumer behavior

• The growth of the metaverse in the financial sector through North America, EuropeACPA, South Americaand the Middle East and Africa

• An in-depth analysis of the market competitive landscape and detailed vendor information

• Complete details of the factors that will challenge the growth of the Metaverse Market among Financial Service Providers

Related reports:

• According to the Technavio analyst, the metaverse market size in travel and tourism industry should be rated at $188.24 billion in 2026 with a progressive CAGR of 26.01%. Growing demand for AR and VR technologies is particularly driving the growth of the metaverse market in the travel and tourism industry, although factors such as privacy and security concerns regarding the metaverse may hamper the market growth.

• The e-commerce market metaverse is expected to grow at a CAGR of 39.65% between 2022 and 2027. The market size is expected to increase by $85,885.22 million. The growing popularity of AR technology is notably driving the growth of the market, although factors such as privacy and security concerns regarding the metaverse may hamper the growth of the market.

Contents:

1. Summary

2 Market landscape

3 Market sizing

4 Historical market size

5 Five forces analysis

6 Market Segmentation by Component

7 Market Segmentation by End User

8 Customer Landscape

9 Geographic landscape

10 drivers, challenges and trends

11 Supplier Landscape

12 Vendor Analysis

13 Appendix

• demand for infrastructure as a service (IaaS): the ongoing migration of on-premises infrastructure to cloud-based services is impacting revenue for server original equipment manufacturers (OEMs), even though the negative impact on them is slightly milder than the effect on storage equipment. The emergence of IaaS has had a strong impact on the hardware market. The biggest advantage of IaaS is that it allows businesses to scale their operations or introduce workflow innovations without having to invest substantially in storage and servers for the traditional hardware environment. on the site. At the same time, cloud-focused infrastructure spending is expected to increase in terms of server, disk storage, and network hardware.

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