The UAE Metaverse Market is expected to grow at a CAGR of around 28% during the forecast period, i.e., 2023-28. MarkNtel Advisors’ recently published versions of the study on the UAE Metaverse Industry (2023-2028) have been closely monitored. The factual data related to it has been intensively crafted, conducting primary and other market research processes & strategies.
Essential Parameters
- Timeframe and Metrics
- Historical Period: 2018-21
- Base Year: 2022
- Forecast Years: 2023-2028
- Units: USD Million/Billion
- Our goal is to offer clients with relevant and up-to-date information. To achieve this, our skilled analysts and researchers conduct thorough studies on the industry.
- Before creating a roadmap or checklist for the research report, we seek to understand the client’s perspective and objectives.
- The figures in our reports are tailored with input from industry experts, ensuring our reports are comprehensive solutions for clients.
- We use both primary and secondary research approaches to gather unbiased and comprehensive market information.
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Key Driver: Government Strategy to Make the UAE Global Hub for the Metaverse to Support the Market
The UAE’s vision of becoming a global hub for the metaverse community and one of the world’s top metaverse economies contribute to the market’s growth. Initiatives like Dubai 10X 2.0, launched at the World Government Summit 2018, provide support & funding to innovative startups & companies, enabling them to develop new solutions & services using metaverse technology. The launch of the national Artificial Intelligence (AI) program BRAIN (Building a Responsive Artificial Intelligence Nation) in late 2017, which highlighted advancements in AI & Robotics, has also significantly supported sales growth during 2018-22.
Analyzing the Segmentations for the UAE Metaverse Market
Knowing the fragmentation of the market makes one understand the versatility & nature of the industry in a very detailed and informed way. This section of the research report talks about how every segmentation plays a role in enhancing the market share & size. Read further to get familiar with the market segmentations:
By Component
-Hardware
-Displays
-Extended Reality (XR) Hardware
-Haptic Sensors & devices
-Omni Treadmills
-Smart Glasses
-AR/VR Devices
-Software
-Asset Creation Tool
-Programming Engines
-Others (Virtual Platforms, Avatar Development)
-Services
By Application
-Gaming
-Online Shopping
-Digital Marketing
-Events & Conference
-Others (Testing & Inspection, Social Media & Content Creation)
By Technology
-Augmented Reality (AR)
-Virtual Reality (VR)
-Mixed Reality (MR)
-Block Chain
By End User
-Banking, Financial Services, and Insurance (BFSI)
-Government
-Media & Entertainment
-Retail
-Healthcare
-Others (Education, Telecommunication, etc.)
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Exploring the Geographical Landscape of the UAE Metaverse Industry
Our skilled researchers and analysts provide a detailed overview of each region or country, to help stakeholders understand the market status in these areas. They are:
-Dubai
-Abu Dhabi & Al Ain
-Sharjah & Northern Emirates.
Do You Know Who are the Leading Companies in the UAE Metaverse Market?
Key competitors are the major role-players of any market, working to innovating & expanding the industry landscape. Look below to know about the UAE Metaverse Market companies:
-Microsoft Gulf FZ LLC
-Tencent Games
-Meta Platforms, Inc.
-NexTech AR Solutions Corp.
-Nvidia Corporation
-Queppelin
-The Sandbox
-ByteDance
-Zero Latency
-Decentraland
-Others.
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Key Questions Addressed in the UAE Metaverse Market Research Report:
- What is the estimated size, share, and CAGR of the UAE Metaverse Market in the forecast period?
- What are the key trends projected to impact the UAE Metaverse Market during 2023-2028?
- What are the different segments & sub-segments considered in the UAE Metaverse Market research study?
- Who are the key stakeholders and players participating in the UAE Metaverse Market?
- What are the major aspects creating opportunistic arena for the UAE Metaverse Market?
- What would be the demand for different types of products/services in the UAE Metaverse Market through 2028?
- What all factors would create challenge for the UAE Metaverse Industry growth?
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