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UAE Metaverse Market Trend, Size, Companies, Top Player, and Outlook 2023 to 2028

ReportTok - Daily news and Magazines February 06, 2025

 

UAE Metaverse Market Overview and Insights:

UAE Metaverse Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

What is the Future Market Size of the UAE Metaverse Industry and its Yearly Growth Rate?

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.

Key Perks: “In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecasts for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”

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Who are the Main Competitors Driving the UAE Metaverse Market Forward?

The prominent players essentially operating in the UAE Metaverse Market are as follows:

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

What are the key Drivers Defining the UAE Metaverse Market Size?

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.

Full Market Research Report – https://www.marknteladvisors.com/research-library/uae-metaverse-market.html

What is the Segmentation of the UAE Metaverse Market?

The UAE Metaverse market covered in this report is segmented –

  • 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

Among them, Extended Reality Hardware has showcased considerable growth during the historical period due to its significant use in areas like gaming & entertainment, education & training, and business applications.

  • 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

Key Questions Answered in the Research Report

  1. What is the predicted UAE Metaverse market size and growth rate for the years 2023-28?
  2. What challenges are restricting the growth of the UAE Metaverse market?
  3. Which segment accounted for the largest market share in the UAE Metaverse market?
  4. Which prominent companies are leading growth in the UAE Metaverse market?
  5. In what formats does Markntel Advisors deliver the concerned report descriptions?
  6. How long does it take for customers to receive the reports provided by Markntel Advisors?
  7. Does Markntel Advisors provide customized reports?

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