MarkNtel Advisors recently published a report, titled, ” UAE Metaverse Market By Component (Hardware [Displays, Extended Reality (XR) Hardware], Software [Asset Creation Tool, Programming Engines, Others], Services), By Application (Gaming, Online Shopping, Digital Marketing, Events & Conference, Others),. As per as the report The UAE Metaverse market is projected to grow at a CAGR of around 28% during the forecast period, i.e., 2023-28.
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Possible Restraint: Challenges Arising from Threats associated with Cyber Attacks
The potential threats from phishing, malware, viruses, virtual asset thefts, DDoS attacks, etc., are considerably high in a virtual ecosystem. In the technological universe, malware & viruses can be used to gain unauthorized access to a user’s device, steal sensitive information, or disrupt the experience. Similarly, distributed denial of service (DDoS) attacks can flood a metaverse platform with traffic that can cause it to slow down or crash & disrupt the user experience or even make the platform inaccessible. These threats & attacks could lead to a loss of user confidence, ultimately hampering its reputation & market growth.
Leading Companies in UAE Metaverse Market:
Microsoft Gulf FZ LLC, Tencent Games, Meta Platforms, Inc., NexTech AR Solutions Corp., Nvidia Corporation, Queppelin, The Sandbox, ByteDance, Zero Latency, Decentraland, Others.
UAE Metaverse Market Segmentation:
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.)
Get Full Access Of UAE Metaverse Market Report : https://www.marknteladvisors.com/research-library/uae-metaverse-market.html
By region
-Dubai
-Abu Dhabi & Al Ain
-Sharjah & Northern Emirates.
Key questions answered in the UAE Metaverse Market are:
•What is UAE Metaverse Market?
•What was the market size in 2023?
•What is the growth rate of the UAE Metaverse Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the UAE Metaverse Market?
•What segments are covered in the Market?
•Who are the key players in the UAE Metaverse Market?
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