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.
Get Full Access Of UAE Metaverse Market Report : https://www.marknteladvisors.com/research-library/uae-metaverse-market.html
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.)
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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