A Quick Overview of UAE Metaverse Market

The key object of this report on the UAE Metaverse Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the UAE Metaverse Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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UAE Metaverse Market Scenario:

The UAE Metaverse market is projected to grow at a CAGR of around 28% during the forecast period, i.e., 2023-28. There is a vibrant gaming culture in the UAE, which has the highest number of adult gamers in the world, which contributes to the market expansion. The gaming industry has a large & growing audience who are interested in immersive, interactive experiences that allow them to connect with others & explore new virtual environments. The growth of the gaming industry in the country has led to the development of new technologies & platforms that support the metaverse ecosystem.

UAE Metaverse Market - Industry Dynamics, Size, And Opportunity Forecast To 2028:

Market Driver - Government Strategy to Make the UAE Global Hub for the Metaverse to Support the Market

The UAE's vision of becoming a global hub for the metaverse community and one of the world's top metaverse economies contribute to the market's growth. Initiatives like Dubai 10X 2.0, launched at the World Government Summit 2018, provide support & funding to innovative startups & companies, enabling them to develop new solutions & services using metaverse technology. The launch of the national Artificial Intelligence (AI) program BRAIN (Building a Responsive Artificial Intelligence Nation) in late 2017, which highlighted advancements in AI & Robotics, has also significantly supported sales growth during 2018-22.

AI and robotics are closely related to the metaverse as they offer the technological infrastructure for the creation & simulation of virtual environments. Moreover, government support for AI & robotics has attracted talented professionals & entrepreneurs to the country, who have helped foster the growth of the country's market. Furthermore, the government's National Artificial Intelligence Strategy 2031 aims at positioning the UAE as a global leader in artificial intelligence by 2031, contributing in enhancing the market size during the forecast period.

UAE Metaverse Market Segmentation Analysis:

UAE Metaverse Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Component

  • Hardware
    • Displays
    • Extended Reality (XR) Hardware
      • Haptic Sensors & devices
      • Omni Treadmills
      • Smart Glasses
      • AR/VR Devices
    • Software
      • Asset Creation Tool
      • Programming Engines
      • Others (Virtual Platforms, Avatar Development)
    • Services

By Application

  • Gaming
  • Online Shopping
  • Digital Marketing
  • Events & Conference
  • Others (Testing & Inspection, Social Media & Content Creation)

By Technology

  • Augmented Reality (AR)
  • Virtual Reality (VR)
  • Mixed Reality (MR)
  • Block Chain

By End User

  • Banking, Financial Services, and Insurance (BFSI)
  • Government
  • Media & Entertainment
  • Retail
  • Healthcare
  • Others (Education, Telecommunication, etc.)

By region

  • Dubai
  • Abu Dhabi & Al Ain
  • Sharjah & Northern Emirates.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/uae-metaverse-market.html

Who are the Key Market Players in the UAE Metaverse Market?

In the fast-changing UAE Metaverse Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the UAE Metaverse market ruling the industry are:

List of Key Companies Profiled:

  • Microsoft Gulf FZ LLC
  • Tencent Games
  • Meta Platforms, Inc.
  • NexTech AR Solutions Corp.
  • Nvidia Corporation
  • Queppelin
  • The Sandbox
  • ByteDance
  • Zero Latency
  • Decentraland
  • Others.

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