The metaverse in e-commerce market share is expected to grow at a CAGR of 39.65% between 2022 and 2027. The growing popularity of AR technology and the growing smartphone penetration and use of 5G provide a promising ground for the metaverse in the e-commerce market.
The rising popularity of AR technology allows consumers to be completely confident in a product's quality before purchasing it. For instance, Amazon.com Inc., one of the most well-known firms in the e-commerce business, is already incorporating VR and AR into its shopping experience. Customers will be able to make purchases in real-time in more life-like virtual stores created by sellers.
Technavio’s analysis on “Metaverse in E-commerce Market” projects that the market share is expected to increase by USD 85,885.22 Million at an accelerating CAGR during 2023-2027.
Browse Technavio's 176-page report and in-depth TOC on "Metaverse in E-commerce Market by platform (computer, mobile, and headset), technology (AR and VR, blockchain, mixed reality, and others), and geography (APAC, North America, Europe, South America, and Middle east and Africa).
View detailed Table of Contents Here: https://www.technavio.com/report/metaverse-in-e-commerce-market-industry-analysis
The metaverse in the e-commerce market is segmented by platform (computer, mobile, and headset), technology (AR and VR, blockchain, mixed reality, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa).
The market share growth by the computer segment will be significant during the forecast period. People with a better internet connection and faster speeds will still want to use their desktops, as a fixed connection is faster than a mobile one by quite a margin. North America is projected to hold a 39% share of the market in 2023. The rapid adoption of the metaverse from the e-commerce industry is expected to foster growth in the regional market.
Privacy and security concerns have become a major challenge to the adoption of the metaverse in e-commerce. Even though companies and organizations keep revolutionizing their IT security systems, data privacy, and security has been a long-running concern for users of the metaverse. Privacy concerns, therefore, constitute a significant challenge in the market.
The market structure is fragmented, and the vendors are implementing various strategies such as technological innovations to compete in the market.
Some of the major metaverses in the e-commerce market vendors are Adobe Inc., Alibaba Group Holding Ltd., Amazon.com Inc., Autodesk Inc., Block Inc., Dealskart Online Services Pvt. Ltd., Epic Games Inc., Globant SA, Kestone CL US Ltd., Magic Leap Inc., Matterport Inc., Meta Platforms Inc., Microsoft Corp., NVIDIA Corp., Queppelin, Roblox Corp., Salesforce.com Inc., Shopify Inc., Unity Software Inc., and SAP SE.
adobe.com - The company offers feminine hygiene products such as wet wipes, household towels, and flushable wipes.
alibabagroup.com- The company offers a complete range of feminine hygiene products, such as sanitary pads, pantyliners, tampons, and others, which are made of organic and natural cotton.
amazon.com- The company offers feminine hygiene products through its brand Organyc and Cottony.
Download the PDF Sample Report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2023-2027.
CAGR of the metaverse in e-commerce market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the metaverse in e-commerce market share.
Prediction of the upcoming trends, drivers, and factors that challenge the metaverse in the e-commerce market.
Metaverse in the e-commerce market growth across North America, APAC, Europe, South America, and the Middle East and Africa.