UAE Metaverse Market Growth Drivers, and Competitive Landscape

According to the latest market research report title “UAE Metaverse Market By Component (Hardware [Displays, Extended Reality (XR) Hardware], Software [Asset Creation Tool, Programming Engines, Others], Services), By Application (Gaming, Online Shopping, Digital Marketing, Events & Conference, Others), 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), By region (Dubai, Abu Dhabi & Al Ain, Sharjah & Northern Emirates)--Forecast to 2023″, published by MarkNtel Advisors, The UAE Metaverse market is projected to grow at a CAGR of around 28% during the forecast period, i.e., 2023-28.

The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2023-28). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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Possible Restraint: Challenges Arising from Threats associated with Cyber Attacks

The potential threats from phishing, malware, viruses, virtual asset thefts, DDoS attacks, etc., are considerably high in a virtual ecosystem. In the technological universe, malware & viruses can be used to gain unauthorized access to a user's device, steal sensitive information, or disrupt the experience. Similarly, distributed denial of service (DDoS) attacks can flood a metaverse platform with traffic that can cause it to slow down or crash & disrupt the user experience or even make the platform inaccessible. These threats & attacks could lead to a loss of user confidence, ultimately hampering its reputation & market growth.

UAE Metaverse Market Segmentation

The UAE Metaverse Market is highly robust and fragmented into numerous segments;

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.)

By region

-Dubai

-Abu Dhabi & Al Ain

-Sharjah & Northern Emirates

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Key Players Operating in the UAE Metaverse Market: -

-Microsoft Gulf FZ LLC

-Tencent Games

-Meta Platforms, Inc.

-NexTech AR Solutions Corp.

-Nvidia Corporation

-Queppelin

-The Sandbox

-ByteDance

-Zero Latency

-Decentraland

-Others

Key Questions Answered:

What is the projected CAGR of the UAE Metaverse Market during the forecast period?
Which segment is expected to lead the UAE Metaverse Market?
Who are the prominent players driving market growth?

Key Offerings:

Market Share, Size, and Revenue Forecast
Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
Landscape: Leading key players and other prominent participants

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.