Latest News- Metaverse In Finance Market: Hardware is expected to lead the Component segment during 2025-2029

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. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Hardware
  • Software
• End-user
  • Investment banks
  • Brokerage firms
  • Commercial banks
  • Others
• Platform
  • Desktop
  • Mobile
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Integration with VR and AR platforms
• Emergence of artificial intelligence
• Increasing popularity and adoption of cryptocurrencies

However, the market also witnesses some limitations, which are as follows:

• Privacy and security concerns over metaverse
• Lack of skilled employees to operate Metaverse platform
• System configuration issues associated with Metaverse platform

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Market Scope in Metaverse In Finance Market Research Report

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Research Analysis Overview

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.

Market Research Overview

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
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Email: media@technavio.com
Website: www.technavio.com/