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Some of the leading players operating in the market include
The gaming segment application captured around 30% of the regional market revenue in 2021 ascribed to the increasing deployment of AI technology in gaming & entertainment.
China industry size from the virtual platform offering segment is slated to witness a CAGR of over 40% through 2028 driven by the influx of digital transformation across several end-user sectors.
The extended reality hardware component segment held over 30% of the regional market share in 2021 and will increase with rising adoption in the entertainment & gaming industry.
The global industry size for metaverse crossed USD 50 billion in 2021 and is poised to record a CAGR of over 35% between 2022 and 2028 owing to the rising trend of online gaming.
North America will amass more than USD 120 billion in annual revenue for the industry by 2028 owing to the surging investments in digital twin technology and the presence of favorable government initiatives.