The Metaverse In Finance Market is being driven by Integration with VR and AR platforms
The Metaverse In Finance Market is expected to grow at a CAGR of 40.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 876.2 billion. Metaverse wallets serve as essential tools for managing digital assets within metaverse networks. These wallets offer functionalities akin to traditional blockchain wallets, enabling users to securely store, receive, and transfer tokens. However, metaverse wallets go beyond the basics by allowing users to create and distribute smart assets. Users have the flexibility to define asset names, quantities, and issuers. Moreover, exchange-traded products (ETPs) can be utilized within these wallets, providing users with an opportunity to earn interest, similar to physical bank deposits. The metaverse ecosystem is continually advancing, aiming to deliver enhanced services to its expanding user base.
Get more information on Metaverse In Finance Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
217 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 40.8% |
Market growth 2025-2029 |
USD 876.2 billion |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
31.8 |
Key countries |
US, Germany, UK, France, China, Italy, Spain, Japan, India, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
In the Metaverse Finance Market, digital asset securities and virtual assets are insured, while education, healthcare, and art are explored in the metaverse. Digital lending, decentralized identity, and data privacy are prioritized. Metaverse sustainability, governance, and taxation are addressed. Adoption of virtual assets is promoted through investment funds and development tools. 3D modeling, game development, software development, data analytics, AI, ML, 5G network development, and blockchain development are integral parts of this evolving ecosystem. Cryptocurrency mining also plays a role in the Metaverse Finance Market.
The Metaverse in Finance market encompasses virtual asset management, decentralized finance (DeFi), cryptocurrency trading, non-fungible tokens (NFTs), and digital asset custody. According to Technavio, this market falls under the global technology hardware, storage, and peripherals sector within the broader global information technology market. This market segment includes manufacturers of cellular phones, personal computers, servers, and peripherals, as well as data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other hardware. Technavio calculates the market size based on the revenue generated from the sales of these hardware devices, equipment, and components. The global technology hardware, storage, and peripherals market growth is fueled by the increasing volume, velocity, veracity, and variety (4Vs) of data, leading to a surge in demand for advanced data storage solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted