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Metaverse in Finance Market Size [2021-2030] | Industry Trends, Growth, Share and Global Forecast Analysis

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Metaverse in Finance Market Size [2021-2030] | Industry Trends, Growth, Share and Global Forecast Analysis

June 23
02:59 2022
Metaverse in Finance Market Size [2021-2030] | Industry Trends, Growth, Share and Global Forecast Analysis
Metaverse in Finance Market
Technological advancements in metaverse, increasing popularity and adoption of cryptocurrencies, and use of metaverse to improve financial data management are some key factors expected to drive market growth

Market Dynamics:

Advancements in metaverse are expected to boost its adoption in the finance and business sector with a sharp focus on social connection. Businesses can leverage metaverse to advertise their products and will open up new opportunities for entirely digital products. Increasing focus on virtual reality, digital assets, blockchain and cryptocurrency, rising use of metaverse technology to streamline financial data management, and development of metaverse wallets are some factors expected to drive market revenue growth over the forecast period. Rapid adoption of metaverse technology by traditional financial institutions, integration of decentralized finance protocols, and growing popularity of NFTs are some other factors expected to further contribute to revenue share over the forecast period.

Rising adoption of augmented reality and virtual reality in healthcare applications can be attributed enhanced ability for healthcare providers and surgeons to provide more effective health services and gain ability to train healthcare personnel more efficiently and effectively are other factors driving market revenue growth. Increasing trend of digitalization and advancements in technologies in the healthcare sector, and ability to extend augmented reality and virtual reality technologies into various other areas of care management such as in cancer treatment and research, in treatment of autism, depression therapy, and virtual reality-based organ models are effective in reducing trauma.

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The report offers a complete analysis of the global Metaverse in Finance market on a global and regional scale and offers a forecast for the market, The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.

Key companies profiled in the report include:

  • Bank of America
  • BNP Paribas
  • National Bank of Kuwait
  • Kookmin Bank
  • Shinhan Bank
  • IBK Investment & Securities
  • NH Investment & Securities
  • Mogo, Inc.

Metaverse is expected to create lucrative opportunities in the finance sector as increasing number of financial institutions are integrating metaverse with their financial services to provide better offerings and enhance customer experience. Metaverse can play a crucial role in management of large datasets of financial transactions. Blockchain and cryptocurrencies can further improve security of the transactions and prevent frauds and suspicious activities. In addition, numerous banks and financial institutions have started using VR and AR in financial projects to strengthen customer relations, provide coaching and personalized guidance, and accelerate digitized banking and these factors are expected to fuel revenue growth of the market going ahead. Increasing collaboration of fintech firms and financial institutions with metaverse-based companies to drive development of digital banks in the metaverse are some other factors that can drive market growth going ahead.

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The research presents a sufficiently detailed understanding of market segmentation, application requirement, manufacturing conditions, cost of change, gross margin and acquisition and mergers, buying capability for the forecast period 2021-2030.Additionally, evaluation of the technology advancement- and whether the factor creates sustainability –can pose threat adds credibility to the complete study on the Metaverse in Finance market.

For the purpose of this report, Emergen Research has segmented the global metaverse in finance market on the basis of component, technology, end use, and region:

Component Outlook (Revenue, USD Billion; 2018-2028)

  • Hardware
  • Software

Technology Outlook (Revenue, USD Billion; 2018-2028)

  • Blockchain
  • Metaverse Wallets
  • Virtual Assistants
  • Non-fungible Tokens (NFT)

End Use Outlook (Revenue, USD Billion; 2018-2028)

  • Brokerage Firms
  • Investment Banks
  • Financial Institutions
  • Fintech Companies
  • Digital Asset Management Companies
  • Financial Advisory Companies
  • Commercial Banks

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Blockchain Segment to Account for Largest Revenue Share:

Blockchain segment is expected to account for largest revenue share over the forecast period attributable to increasing popularity and adoption of cryptocurrency in metaverse, rising use of blockchain to smart contracts and carry out secure financial transactions, and advancements in metaverse crypto projects. Blockchain offers digital proof of ownership for assets in metaverse and this ensure enhanced compatibility and interoperability in the metaverse.

Investment Banks Segment to Register Robust Revenue Growth:

Investment banks segment is expected to register robust revenue growth over the forecast period attributable to rapid adoption of metaverse technologies by major investment banks across the globe to enhance customer experience, increasing utilization of technology to develop branches in metaverse, and to offer training and others skills to bank employees.

Asia Pacific to Lead in Terms of Revenue CAGR:

Asia Pacific market revenue to expand at robust revenue CAGR over the forecast period owing to increasing number of financial companies and banks entering the metaverse with their own platforms, rapid adoption of metaverse technology by brokerage banks and credit card insurers to update their business models, and growing acceptance of cryptocurrencies in the region.

Regional Analysis:

Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.

ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type & applications

Chapter 9: Current and Future Trends

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About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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