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techinsight360 · 1 year

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SK Telecom expands global metaverse presence through strategic alliances with telecom operators

The metaverse ecosystem has grown leaps and bounds in South Korea over the last 12 months. The growing investment from government institutions, coupled with innovative projects undertaken by private organizations, has driven the competitive landscape in the South Korean metaverse industry. Naver and SK Telecom, two of the leading private players in the metaverse market in South Korea, have reported strong growth in monthly active users in the domestic market.

To replicate their success in the global metaverse industry, both of these firms have been expanding their geographical presence through strategic alliances. In September 2022, Naver announced that the firm had partnered with True Corp., one of the leading telecommunication service providers, as part of its strategy to expand its metaverse presence in Thailand. A similar strategy has been adopted by SK Telecom, which owns the metaverse platform ifland.

In March 2023, SK Telecom announced that the firm had entered into strategic alliances with telecom operators in the United States, Europe, and Southeast Asia. Notably, the firm signed the memorandum of understanding with T-Mobile and Deutsche Telekom in the United States and Germany, respectively. These strategic alliances aim to explore the opportunities for expanding the presence of ifland into the United States and German markets.

As part of the collaborations, the three firms are projected to conduct trial runs in the two countries in Q2 2023. This will include launching a more diverse set of metaverse services, producing content tailored to local preferences, and promoting the metaverse offerings in the region.

Read More - Healthcare providers foresee growth opportunities in the metaverse sector in 2023

Alongside the United States and European markets, the South Korean metaverse giant is also aiming to drive the popularity of its metaverse platform ifland in the Southeast Asian region, the region where Naver has already built a presence through a strategic partnership with True Corp.

In March 2023, SK Telecom announced that the firm had partnered with CelcomDigi, the Malaysian telecom operator. The partnership is aimed at increasing the number of ifland users in Malaysia. Furthermore, the collaboration will also see the launch of new business initiatives, including products that cater to the demand of domestic users in Malaysia.

Through the collaboration with Axiata, SK Telecom is seeking to expand its presence in 11 more countries in the ASEAN and Southeast Asian regions. These include countries such as Indonesia, Sri Lanka, Cambodia, Nepal, and Bangladesh. Through the partnership with Axiata, SK Telecom is expected to develop metaverse-related business models.

With each of these three telecom giants, T-Mobile, Deutsche Telekom, and Axiata, having over 100 million customers, the collaboration will provide SK Telecom with a strong foundation to expand in the respective markets. Furthermore, these strategic collaborations will also aid the growth of the global metaverse industry, which is still in its early stages of development.

From the short to medium-term perspective, TechInsight360 expects more such strategic collaborations in the metaverse market. With SK Telecom building a strong presence in North America, Europe, and Southeast Asia, TechInsight360 also expects Naver to adopt the same strategy and forge strategic alliances to boost the presence of its metaverse platform Zepeto globally.

Read More - Roblox metaverse ecosystem shows strong user adoption in a boost for the global metaverse sector

ifland and Zepeto, both of which are seeking to build a strong presence in the United States market, is bad news for Meta, which has largely struggled to get its metaverse project up and running. The United States-based firm had invested billions of dollars in the metaverse project and also reported a loss of more than US$13 billion in 2022. Over the next 12 months, the firm had already announced that it is anticipating the losses to grow even more, as continues to make the bet on the future of the internet.

Horizon Worlds, the metaverse platform, launched by Meta had failed to achieve its projected user adoption in 2022. Down from the initial projection of ending the 2022 year with a total of 500,000 users, Horizon Worlds ended the year with only 200,000 users.

In an attempt to boost the adoption of its metaverse platform, Meta announced that the firm is revamping its product to attract and target teens in the United States. The strategic move comes at a time when the firm is facing a serious user retention problem. Notably, both Naver and SK Telecom have achieved widespread success with their metaverse platform among Gen Z users.

Read More - Meta’s metaverse dreams have been outpaced by internet giants in South Korea

With the expansion of Naver and SK Telecom in the United States, coupled with the change in strategy by Meta that is now focusing on teens, the competitive landscape in the North American market is projected to grow substantially over the next few quarters. The presence of South Korean metaverse giant, SK Telecom, will also result in a substantial increase in investment in the United States market in 2023, thereby accelerating further innovation in the fast-emerging sector.

Alongside metaverse, SK Telecom has also announced to increase its investment in the field of artificial intelligence. Furthermore, the firm is also seeking potential acquisition opportunities to build on its existing AI capabilities. Notably, the firm is expected to launch the first of its AI product later in 2023. With the success of ChatGPT, the AI-powered chatbot, many firms have announced a significant investment in the area of artificial intelligence. From Microsoft to Amazon and Tencent, AI is expected to become the next focus area for most technological firms.

#Metaverse market size #europe Metaverse market report #Global Metaverse market research #asia pacific Metaverse market research #US Metaverse market size #Blockchain market size #europe Blockchain market report

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pmiabsolute · 3 months

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Metaverse NFT Market Anaysis by Size (Volume and Value) And Growth to 2031 Shared in Latest Research

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themarketinsights · 6 months

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Dress Up Game Market Detailed Strategies, Competitive Landscaping and Developments for next 5 years

Latest released the research study on Global Dress Up Game Market, offers a detailed overview of the factors influencing the global business scope. Dress Up Game Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Dress Up Game The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are CrowdStar (United States), Tapps Games (Brazil), Activision Blizzard (United States), Libii (China), Glu Mobile (United States), XS Software (United Kingdom), Beijing Dawei Technology Co., Ltd. (China), Coco Play (China), Firemonkeys Studios (Australia)

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Dress up games are offer players the opportunity to dress up characters in various clothing styles. These games enable the players to simulate being able to dress up in clothes they would not dream of having. It encourages creative thinking and communication skills. The games helps kids practice language development and their social skills.

Market Trend:

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Development of Metaverse Platforms

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Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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ailtrahq · 8 months

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Acumen Research and Consulting predicts the metaverse market will grow to $4 trillion by 2032, driven by the popularity of virtual and augmented reality technology. North America and the Asia-Pacific region will drive adoption. TikTok parent ByteDance is well-positioned to lead the Asian expansion, Acumen said, while American companies Meta Platforms and Microsoft are leading the push in the West. In Asia, the growth will likely be driven by an increasingly tech-savvy online gaming community, while the $42.3 billion US metaverse market is expected to retain its dominant market position. Companies Must Decide How to Use Technology Acumen predicts that metaverse companies face several challenges in reaching this goal. These include privacy concerns and how to unify platforms into a virtual continuum. Blockchain, the open-ledger technology behind Bitcoin and other cryptocurrencies, will likely provide the economic backbone of this virtual world. It will allow users to exchange cryptocurrencies and other tokenized assets without an intermediary. Read more: Top 11 Companies Building in the Metaverse in 2023 Developing software, services, and hardware and understanding how to use new technology must be high on companies’ agendas, Acumen notes. Presently, different companies have focused on different elements depending on their core strength. Apple’s Vision Pro headset (Pro) targets Apple users looking for an augmented reality experience. The Pro superimposes a user interface over a person’s real world and offers novel ways to interact with the hardware. The move makes sense, considering Apple’s hardware design strength and its products’ ability to interact seamlessly. Meta’s Quest 3 headset, on the other hand, targets improving the reproduction of a person’s appearance in the metaverse. The technology encodes facial expressions and sends the encoded data to another person’s Quest over the wire. The recipient can see a lifelike rendering of the sender, making it seem like they are in the same room. This niche of the metaverse plays to Meta’s core business, which is generating revenue through social connections. Meta headset | Source: Lex Fridman William Quigley, a co-founder of Worldwide Asset eXchange, predicts that the digital twin market, the industry that develops workable digital equivalents of physical items, still faces technical hurdles. An example of a digital twin could be a virtual musical instrument that sounds the same in the metaverse as its physical counterpart in the real world. A firm like Roblox, with its roots in physics simulation, could play a pivotal role in advancing this technology, having already created virtual worlds and marketplaces for brands like Gucci and Chipotle. Read more: Top 10 Metaverse Platforms To Watch Out for in 2023 According to Acumen, the digital twin market reached $9.5 billion in 2022. The firm expects this niche to expand to $274 billion by 2032, provided the technology progresses as expected. Quigley predicts digital twin technologies will only mature around 2030. Until then, he expects businesses to emerge that can bring physical assets onto the blockchain through tokenization. Do you have something to say about metaverse market growth, the role of tokenization, or anything else? Please write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

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marketsizereports · 8 months

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Global Metaverse in Aerospace and Defense Market Analysis: Regional Growth and Market Dynamics

The global metaverse, with its applications in aerospace and defense, is not only a technological frontier but also a landscape influenced by regional factors, market dynamics, and varying degrees of adoption. In this analysis, we will explore the regional growth patterns and market dynamics shaping the global metaverse in aerospace and defense.

To know more about the metaverse market revenue, download a free report sample

1. North America:

Market Dominance: North America, particularly the United States, leads in the adoption of metaverse technologies in aerospace and defense. The region is home to major defense contractors, tech companies, and government agencies driving innovation.

Applications: The U.S. military utilizes metaverse technologies for advanced training simulations, virtual prototyping, and secure communication. Aerospace companies leverage the metaverse for collaborative design and data analytics.

Regulatory Environment: The U.S. maintains stringent regulations on technology exports, impacting the global distribution of metaverse solutions. Compliance with ITAR (International Traffic in Arms Regulations) is crucial for businesses.

2. Europe:

Emerging Adoption: Europe is seeing increased adoption of metaverse technologies in the aerospace and defense sector. Countries like the United Kingdom, France, and Germany are investing in virtual training and defense innovation hubs.

Collaboration: European defense agencies collaborate with tech startups to develop metaverse-based simulations for training and planning. Cross-border partnerships are driving innovation and cost-sharing efforts.

Security Concerns: As metaverse adoption grows, European nations are also addressing cybersecurity and data protection concerns, particularly in defense applications.

3. Asia-Pacific:

Growing Market: The Asia-Pacific region is experiencing significant growth in the metaverse in aerospace and defense. Countries like China, Japan, and South Korea are investing heavily in this technology.

Training and Simulation: Asian defense forces use the metaverse for realistic training scenarios, and aerospace companies employ it for design and prototyping. China's expanding military capabilities are a key driver of metaverse adoption.

Competition and Cooperation: While there is regional competition, there are also opportunities for international collaboration, as Asian nations engage in joint exercises and technology development projects.

4. Middle East and Africa:

Defense Applications: The Middle East, especially countries like Israel and the United Arab Emirates, employs the metaverse for military training and security applications. These nations prioritize innovation in defense technology.

Security Challenges: The region faces unique security challenges, and the metaverse is utilized to simulate complex security scenarios, including cybersecurity threats and counterterrorism operations.

5. Latin America:

Emerging Market: Latin America is an emerging market for metaverse technologies in aerospace and defense. Brazil, in particular, is exploring the metaverse for training and simulation purposes.

Economic Factors: Economic considerations influence the pace of adoption. Smaller defense budgets in some Latin American countries may limit extensive metaverse implementation.

6. Global Collaborations:

International collaborations and partnerships are common in the metaverse sector, with companies and governments working together to harness the technology's potential. This includes joint research and development efforts.

7. Market Challenges:

Ethical, legal, and security challenges remain a global concern. Questions about data privacy, the use of metaverse in warfare, and the potential for misuse require international dialogue and regulation.

In conclusion, the global metaverse in aerospace and defense is a dynamic and evolving space shaped by regional adoption, collaboration, and security considerations. While North America leads the way, other regions are catching up and contributing to the growth of metaverse applications in defense, training, and innovation. The technology's continued evolution will depend on international cooperation and addressing shared challenges.

#Metaverse in Aerospace and Defense Market Analysis

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kenresearch2023 · 10 months

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Metaverse Market Thrives on Cryptocurrency Craze, Pioneering Security Innovations and Embracing Decentralized Solutions: Ken Research

Buy Now

Story Outline

Rise in Demand in the media and entertainment, gaming and adjacent markets like virtual reality (VR), augmented reality (AR), mixed reality (MR), and digitalization in the fashion, retail, and art industries are the main factors for the metaverse industry growth. New product launches and contracts are expected to offer lucrative opportunities for the market players during the next five years.

1. Next-Generation Aerospace and Defense: Harnessing the Power of Metaverse and Adjacent Technologies

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Technologies, such as XR, AI, and analytics in the aerospace and defense sector is expected to be useful for training and simulating applications largely. These technologies coupled with metaverse are expected to be helpful for experiential training by making use of data-driven applications in real-time. Thus, the metaverse is projected to enable the improved and efficient transfer of accurate skills and enhanced knowledge retention by trainees across this vertical/enterprise. Extended reality is used to train the ground crew for pre-flight checks in airlines. It is also used to enable the ground crew to carry out required procedures before the take-off of aircraft. Further, the technologies combined can be used to inspect airplanes, analyze the data, and find out malfunctions, before take-off, thereby ensuring increased safety. The metaverse in integration with XR, can also help in weapon training, flight training, and simulations, thereby boosting the market growth.

2. Global economic slowdown resulting due to COVID-19: A challenge or driver for the metaverse industry?

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The ongoing pandemic has increased the demand for extended reality devices due to the unexpected lockdowns in key regions (Europe, Asia Pacific, and North America). The employees of several organizations are working from home in the wake of the COVID-19, thereby increasing the requirement for virtual meetings, training, and conferences. The pandemic has also affected the global manufacturing of extended reality devices.

A survey conducted by the National Association of Manufacturers (NAM) in 2020 related to the manufacturing industry in the US depicts more than 35% of respondents are of the opinion that the COVID-19 has impacted their supply chain operations, and over 53% expected a change in their operations in the coming months. Some key industrial companies have closed their facilities and are considering the extent of layoffs to help curb the spread of the virus and for economic reasons. The severe impact of the pandemic on the manufacturing industry has halted the supply of extended reality devices across the world. It has reduced consumer expenditure on non-essential items. This, in turn, is expected to act as a challenge for the growth of the metaverse market in short term.

3. The rising popularity of virtual tokens and NFTs are a major growth driver of the metaverse market.

Emerging US Professional Services Market

In recent years, non-fungible tokens or NFTs have gained major growth and endorsements. Rise in popularity of virtual goods and digital currencies among younger generation (millennials and gen Z) aids in growth of NFTs. According to a report published by the American news media house – CNBC in March 2022, total number of NFT trades accounted for over $17 billion, which was a 200% increase from 2020 to 2021. Such instances propel growth in popularity of virtual goods and currency in the modern digital landscape, which propels the global metaverse market.

Rise in demand for work from home and remote working tools during the period of the COVID-19 pandemic led to growth of the global metaverse market. Growth in popularity of cryptocurrencies and non-fungible tokens (NFTs) positively impact the metaverse market growth. However, complex security and privacy challenges on the metaverse platform can hamper the metaverse market. On the contrary, a positive drive toward decentralized network technology is expected to offer remunerative opportunities for expansion of the metaverse market during the forecast period.

#market research #kenresearch #telecommunications #metaverse

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sudeepkedar · 10 months

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Language Translation Device Market: Global Analysis, Opportunities And Forecast To 2032

As per a recent research report, Language Translation Device Market surpass USD 2.5 Bn by 2032.

The global language translation device market is anticipated to observe robust expansion through 2030 on account of mounting product demand in varied applications. Improvements in economic stability have increased the disposable income per household across the Asia Pacific region. Better living conditions have resulted in customers spending more on electronic goods, thus increasing demand in the region. This has motivated manufacturers to develop solutions such as voice translator devices to facilitate seamless communication with customers in their native language.

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To quote an instance, Pocketalk introduced a handheld translator compliant with HIPAA in August 2021, for use in medical settings. The device was designed to enable patients to communicate directly with healthcare professionals in their native language while eliminating translation waiting time.

The language translation device market has been bifurcated based on vehicle type, product, type, distribution channel, application, and region.

According to the vehicle type, the language translation device industry is segmented into LCV, passenger vehicle, and HCV. The heavy commercial vehicle segment is anticipated to depict over 20% CAGR during the forecast period.

HCV manufacturers have integrated automation to enhance productivity and efficiency. Language translation is one of the most crucial features of automation as drivers can gain insights about their vehicles and the ones connected with them through IoT. The use of digital assistants allows drivers to pose questions in their native language which are answered through the use of natural language processing.

In terms of product, the market for language translation devices is bifurcated into handheld devices and wearable devices. The wearable device segment is expected to grow at a 14% CAGR over the forecasted timeframe. This growth can be attributed to the increased adoption of wearable devices and growing innovation efforts by language translator device producers. With the advent of Web3 and metaverse, the usage of these devices is set to grow, thus promoting market growth.

Considering the type, the language translation devices industry is classified into online translation and offline translation. Of these, the offline translation segment is anticipated to exhibit a CAGR of 10% over the forecast period primarily due to the lack of internet connectivity across remote areas.

According to World Population Review, around 37% of the global population do not have access to or have never used the internet. Most of this population is concentrated in the African region, which could create a strong demand for offline solutions in these areas, and augment language translation device market dynamics.

Concerning the distribution channel, the market is divided into online platforms and retail stores. Among these, the retail stores segment is expected to depict a 10% CAGR through 2030 due to increased outbound tourism across the globe.

The language translation device market is segregated into consumer and commercial based on application. The consumer application segment is expected to hold an industry share of 10% by 2030. This growth will be driven by increasing demand for language translators from travelers during vacations or leisure travel.

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Regionally, the industry is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. The Latin America market is anticipated to be valued at more than USD 180 million by 2030. This growth is primarily driven by a rising need to translate Latin American languages such as Spanish and Portuguese for business, tourism, and entertainment purposes.

Partial chapters of report table of contents (TOC):

Chapter 2 Executive Summary

2.1 Language translation device industry 3600 synopsis, 2018 - 2030

2.2 Business trends

2.3 Regional trends

2.4 Product trends

2.5 Type trends

2.6 Distribution channel trends

2.7 Application trends

Chapter 3 Language Translation Device Industry Insights

3.1 Introduction

3.2 Impact analysis of coronavirus (COVID-19) pandemic

3.2.1 Regional outlook

3.2.1.1 North America

3.2.1.2 Europe

3.2.1.3 Asia Pacific

3.2.1.4 Latin America

3.2.1.5 MEA

3.2.2 Industry value chain

3.2.2.1 Research & Development

3.2.2.2 Manufacturing

3.2.2.3 Supply

3.2.3 Competitive landscape

3.2.3.1 Strategy

3.2.3.2 Distribution network

3.2.3.3 Business growth

3.3 Ukraine-Russia war impact

3.4 Industry ecosystem analysis

3.4.1 Raw material suppliers

3.4.2 Component suppliers

3.4.3 Manufacturers

3.4.4 Software/Technology providers

3.4.5 Distribution channel analysis

3.4.6 End-use landscape

3.4.7 Profit margin

3.4.8 Vendor matrix

3.5 Technology and innovation landscape

3.5.1 Artificial Intelligence (AI) and Machine Learning (ML)

3.5.2 Cloud computing

3.5.3 Internet of things (IoT)

3.6 News

3.6.1 North America

3.6.2 Europe

3.6.3 Asia Pacific

3.6.4 Latin America

3.6.5 MEA

3.7 Regulatory landscape

3.7.1 North America

3.7.1.1 Health Insurance Portability and Accountability Act (HIPAA)

3.7.1.2 California Consumer Privacy Act

3.7.1.3 CLOUD Act

3.7.2 Europe

3.7.2.1 General Data Protection Regulation (EU)

3.7.2.2 The NIS Directive

3.7.2.3 ePrivacy Directive

3.7.3 Asia Pacific

3.7.3.1 Act on the Protection of Personal Information Act No. 57 of (2003)

3.7.3.2 The Telecommunications Business Act of Japan (TBA)

3.7.3.3 Electrical Appliances and Materials Safety Act

3.7.3.4 Personal Information Protection Act (Act No. 14839) (“PIPA”)

3.8 Industry impact forces

3.8.1 Growth drivers

3.8.1.1 Increasing adoption of advanced technologies in North America

3.8.1.2 Rising awareness of medical tourism among patients in Europe

3.8.1.3 Increasing disposable incomes and high consumer spending in Asia Pacific

3.8.1.4 Increase in air travel and passenger volume in Latin America

3.8.1.5 Rise in urbanization and internet infrastructure development in the MEA

3.8.2 Industry pitfalls & challenges

3.8.2.1 Accessibility of open-source translation software

3.8.2.2 Lack of 100% translation accuracy

3.9 Price trend analysis

3.10 Growth potential analysis

3.11 Porter's analysis

3.11.1 Supplier power

3.11.2 Buyer power

3.11.3 Threat of new entrants

3.11.4 Threat of substitutes

3.11.5 Internal rivalry

3.12 PESTEL analysis

3.12.1 Political

3.12.2 Economic

3.12.3 Social

3.12.4 Technology

3.12.5 Environment

3.12.6 Legal

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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xtruss · 1 year

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China To Formulate 6G Industry Development Plan, Seek Breakthroughs

— Global Times | March 01, 2023

6G Photo: VCG

China will formulate an industry development plan to promote research and innovation of 6G mobile technologies, Jin Zhuanglong, minister of the Ministry of Industry and Information Technology (MIIT), said on Wednesday, sending a clear message of the nation's determination to lead the trend of the cutting-edge technology.

Amid the US' technology decoupling push, 6G development will keep China at the forefront of the technology's advance in which the telecommunications industry is a core, experts said, adding that China has the competitive advantage in the field in terms of technology capability and potential application scenarios.

Speaking at a regular press briefing of the State Council Information Office on Wednesday, Guo said that the ministry will formulate an action plan to comprehensively promote the research and development of 6G technology.

"We also encourage local governments to try this first and speed up the layout of future industries," the minister said.

The deployment of other frontier fields such as humanoid robots, the metaverse and quantum technology will also be accelerated.

The construction of China's 5G network is advancing steadily, and the network coverage capability continues to improve.

A statistical bulletin of the communications industry in 2022 issued by the MIIT showed that the number of 5G base stations reached 2.312 million last year, accounting for more than 60 percent of the world.

The solid foundation of 5G applications makes it possible for China to continue to lead in the development of the next-generation technology standards for broadband networks, experts said.

As a national strategy, 6G has been at the core of China's efforts for technological breakthroughs, given its wide industry applications.

6G technology enables the better integration of networks among the Earth, the atmosphere and space to make communication faster and easier, Ma Jihua, a veteran telecommunication industry analyst, told the Global Times on Wednesday.

Satellite navigation, distant oceanic farming and autonomous driving are potential areas where 6G technology can be adopted.

The 6G development push comes amid a growing need for technology advancement amid the US' escalating technology blockage against China, experts said. Despite the external disruption, experts said that there should be no concern about its impact on China's 6G technology development.

China is already taking the lead over the US in 5G in terms of the technology application and industry scale, which provides more possibilities for the development of the next-generation network, Xiang Ligang, director-general of the Beijing-based Information Consumption Alliance, told the Global Times on Wednesday.

Xiang also said that the communication system has little requirement for high-end chips, but operates mostly on the 28-nanometer chips that China has already developed.

"This is the field where we must take and sustain a leadership role," Xiang said.

Driven by the demand for economic growth and industry upgrading, especially amid the rising decoupling by the US, China has ramped up efforts on 6G technology for broadband networks.

A market research and analysis report for 6G released by market analysis firm Market Research Future suggested that nearly half of the world's 6G patent applications came from China, the largest in the world.

The report predicted that by 2040, the global 6G market will reach $340 billion, with a compound annual growth rate of over 58 percent between 2030 and 2040.

The Asia-Pacific region, especially China, where more attention to satellite communications and related technological improvements takes place, will lead the trend.

Xiang said that China will likely develop a clear 6G vision this year and initiative its standardization by 2025.

— Global Times

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thebrainyinsights123 · 1 year

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Metaverse Market 2022 Key Players and Production Information Analysis with Forecast 2030

The Brainy Insights has released a market research report based on Global Metaverse Market. This report gives a current and accurate standing of the Metaverse industry in the market. It offers crucial information on the numerous factors that will influence the market growth through a quick scan of the Metaverse industry and in-depth information about its essential aspects.To succeed in the industry, a new entrant must have a thorough understanding of the market, as outlined in the study report published by The Brainy Insights. The study includes a complete grasp of the Metaverse market and its several segmentations and potential avenues for market expansion.The study begins with examining the definitions, categories, and a market overview that addresses establishing the Metaverse market. Additionally, the report apprises the buyer of the report the numerous aspects of the product, the production network, the manufacturing process, and the cost structure. The industry's structural elements are then thoroughly explained, as are the key factors influencing this sector's growth.

The global metaverse market is expected to reach USD 993.86 billion by 2030, at a CAGR of 43.20% from 2022 to 2030.

The most significant players coated in global Metaverse market report: Alibaba Cloud,Globant,Magic Leap, Inc.,Meta (Facebook Inc.,Microsoft Corporation,Netease Inc.,NVIDIA Corporation,Queppelin,Roblox Corporation,Tencent Holdings Ltd.

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The study includes a part dedicated explicitly to SWOT analysis, Porter's Model, and PESTEL analysis to provide a more in-depth understanding of the Metaverse industry. The research thoroughly examines the major producers and their market shares concerning the overall market. Additionally, the study covers the regional presence, products provided, and financial analysis of the participants to assess the level of market competition.

The product spectrum of the market, constituting:

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Virtual Reality (VR)

Blockchain

Mixed Reality (MR)

Augmented Reality (AR)

by Component:

Software

Hardware

Professional Services

The application landscape of the market, comprising:

Regions coated within the Metaverse report include: ● North America (USA, Canada, and Mexico) ● Asia Pacific (Japan, Southeast Asia, China, India, Asian country, Indonesia, and Australia) ● Europe (Spain, Germany, Italy, uk, France, Russia, and alternative European countries) ● South America (Colombia, Brazil, and Argentina) ● And remaining others

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The report's distinct features are:

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The state of the market today and the variables influencing it are examined.

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factmrsposts · 1 year

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Worldwide Revenue From Non-Fungible Tokens Is Predicted To Grow Nearly 12x By 2032

According to Fact.MR, Insights of Non-Fungible Token (NFT) Market is a specialized and in-depth study of the industry with a special focus on the Key Trends of Non-Fungible Token (NFT) Market is a Service. The report aims to provide an overview with detailed segmentation by type, application, end use and geography. The global is expected to witness high growth during the forecast period.

A survey offers detailed analysis on key growth drivers of Non-Fungible Token (NFT) Market trends accelerating Non-Fungible Token (NFT) Market sales globally. The survey also gives detailed analysis on the competitive landscape of Non-Fungible Token (NFT) Market identifying key players and analyzing the impact of their growth strategies.

Request Sample: https://www.factmr.com/connectus/sample?flag=S&rep_id=7526

Key Players

Art Blocks

Axie Infinity

Cloudflare, Inc.

CryptoKitties

Dapper Labs, Inc.

Dolphin Entertainment, Inc.

Foundation

Funko

Gemini Trust Company, LLC.

Onchain Labs, Inc.

OpenSea

Ozone Networks, Inc.

PLBY Group, Inc.

Rarible

Semidot Infotech

Takung Art Co., Ltd.

The Sandbox

YellowHeart, LLC.

Non-Fungible Token Industry Research by Category

NFT Market by Asset Type :

Physical Assets

Digital Assets

Metadata

NFT Market by Category :

Artwork

Collectibles

Domain Names

Gaming

Identity

Memes

Metaverse

Music and Media

Real-world Assets

Sport Items

Tickets

Virtual items

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NFT Market by End Use :

Personal

Commercial

NFT Market by Region :

Americas

EMEA

Asia Pacific

Key Highlights

Sales of Non-Fungible Token (NFT) Market in 2020

Competitive Analysis of Non-Fungible Token (NFT) Market

Demand Analysis of Non-Fungible Token (NFT) Market

Key Trends of Supply Side Analysis of Non-Fungible Token (NFT) Market

Outlook of Non-Fungible Token (NFT) Market

Insights of Non-Fungible Token (NFT) Market

Analysis of Non-Fungible Token (NFT) Market

Survey of Non-Fungible Token (NFT) Market

Size of Non-Fungible Token (NFT) Market

A short viewpoint offered in the report elucidates the macro-economic aspects that influence the growth drivers of Non-Fungible Token (NFT) Market which includes global GDP of Non-Fungible Token (NFT) Market growth rate, various industries growth rate, such as cosmetics, pharmaceuticals, food and others.

This newly published and insightful report compounds sheds light on key dynamics, Key Trends of Non-Fungible Token (NFT) Market and their impact on the overall value chain from Non-Fungible Token (NFT) Market to end-users, which are expected to transform the future of the Non-Fungible Token (NFT) Market sales.

More Valuable Insights on Non-Fungible Token (NFT) Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Non-Fungible Token (NFT) Market, Sales and Demand of Non-Fungible Token (NFT) Market, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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techinsight360 · 1 year

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Innovation in metaverse expected to intensify in 2023 with increased investment

The investment in the metaverse sector, which has been led by Meta, has resulted in investors asking questions about the potential future of the metaverse industry. While adoption of the technology, termed as the future of the internet, has remained below expectations in 2022, tech firms have continued to invest billions of dollars into the development of new projects and metaverse-related infrastructure. Although Meta might not have anything substantial just yet to prove to investors that the metaverse is indeed the future of the internet, other smaller firms have continued to launch innovative metaverse platforms.

Read More - Meta continues to push its way into the metaverse world with mergers and acquisitions

MeetKai, one of the metaverse-focused firms, has launched several products over the last few quarters to help developers in building components of the virtual worlds. At the 2023 Consumer Electronics Show, the firm launched more innovative platforms that are geared toward users and creators of the metaverse. Notably, the firm launched MeetKai Reality, a 3D-digitizing service, that brings various objects and spaces from the real world into the metaverse.

The platform will allow developers and creators to record a video and then upload the footage to MeetKai Reality. The service then renders the captured space in virtual reality. While there are already platforms, such as Matterport, Coohom, and Zillow, which render spaces from photos, the MeetKai Reality service is the first that is specifically tailored for the metaverse use cases. PayNXT360 expects the MeetKai Reality service launched by the firm to further drive innovation in the real estate, interior design, engineering, and architecture fields.

Read More - Zepeto accelerates global expansion plan to compete with big tech giants in the metaverse sector

Along with MeetKai Reality, the firm also launched another product at the 2023 Consumer Electronics Show. The MeetKai Metaverse Editor, a bit more differentiating product compared to MeetKai Reality, allows users and developers without coding experience to build spaces and structures in the metaverse. Of course, there are tools such as Tripolygon that allow developers to build metaverse spaces, but they are not no-code applications such as MeetKai Metaverse Editor.

The firm is also launching MeetKai Cloud AI, the service that will allow developers to integrate voice assistants into an existing metaverse environment. According to the firm, the voice assistants will take the form of avatars that will be conversing on any given topic in the metaverse. Furthermore, these avatars will have reasoning capabilities when interacting with the end users.

Along with MeetKai, a number of different firms announced various innovative initiatives and projects in the metaverse sector at the 2023 Consumer Electronics Show. LG Electronics, for instance, announced a plethora of metaverse-related initiatives at the 2023 Consumer Electronics Show. The firm has increased its investment to bring the metaverse to smart TVs. Integration of the metaverse with smart TVs can potentially drive mass popularity and adoption of the virtual worlds among consumers globally.

Read More - Brands are using metaverse as a marketing tool for reaching and educating prospective customers

Like smart TVs, firms such as Sony are also seeking to drive the mass adoption of the metaverse by bringing the virtual world to customers through their smartphone devices. The firm had launched a sensor-based product, which when attached to the human body, allows consumers to experience their movements in the metaverse through their smartphone devices. In 2023, TechInsight360 expects these firms to further increase their investment in the space and launch innovative products and services, thereby supporting the growth of the market from the short to medium-term perspective.

#Metaverse market size #europe Metaverse market report #Global Metaverse market research #asia pacific Metaverse market research #US Metaverse market size

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sanemyamen · 2 years

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Crypto Stamp Market to Scale New Heights as Market Players Focus on Innovations 2022 – 2027

The Latest Released market study on Global Crypto Stamp market provides information and useful stats on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Besides, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Crypto Stamp market. What’s keeping Swiss Post (Switzerland),Osterreichische Post (Austria),Hrvatska PoÅ¡ta (Croatia),Emirates Post Group (United Arab Emirates),Binance NFT (United Kingdom),CaseMail (United States) Keep Growing in the Market? Benchmark yourself with the strategic moves and latest Market Share and Sizing of Global Crypto Stamp market recently published by AMA

Crypto stamp is also known as an NFT stamp is a physical postage stamp with a matching digital copy that contains an NFC chip and is connected to the Ethereum blockchain. Increasing crypto enthusiasts and interest in NFT stamps among digital art collectors and traditional stamp collectors will create significant opportunities for the market. The growing popularity of NFT metaverse and play-to-earn NFT projects among the global NFT collecting community will accelerate the growth.

The Crypto Stamp Market segments and Market Data Break Down by Type (Crypto Stamp 1.0, Crypto Stamp 2.0, Golden Unicorn, Crypto Stamp 3.0, Crypto Stamp 3.1), End-user (Stamp Collectors, Traders & Investors, Government)

On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa. What’s Trending in Market: Emerging Trend of NFT Philately and Art Metaverse Worldwide

Market Challenges: Increasing NFT Scams and Growing Security Concerns

Market Opportunities: Growing Popularity of Crypto-Philately among the Traditional Stamp Collectors

Highlights of Influencing Drivers: Increasing Use of Crypto by the Postal Administrations Across the Globe

Huge Demand of NFT Collectable from Investors for High-Volume Trading

Presented By

AMA Research & Media LLP

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technuter · 2 years

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TeamViewer and Hyundai Motor Sign Strategic Partnership to Accelerate Digital Innovation in Automotive Smart Factory

TeamViewer announced a partnership with global mobility solutions provider Hyundai Motor Company to digitalize business operations and manufacturing processes for Hyundai Motor Group Innovation Center in Singapore (HMGICS). TeamViewer and Hyundai Motor Company will cooperate to maximize digitalization benefits in HMGICS' smart factory using TeamViewer's augmented reality (AR) platform, which includes mixed reality (MR) and artificial intelligence (AI) capabilities. The platform will support assembly, maintenance, quality management, logistics, client experience projects and workforce training. The two companies will conduct joint research and development (R&D) activities in AR-powered smart factory operations, immersive digital experience for frontline workers and AI support for a future automotive factory. Overall, the partnership will drive increased productivity, accuracy, speed and safety of frontline production workers. To leverage these benefits for the industry, the two parties will also pursue global joint marketing of smart factory and enterprise AR technology. Hong Bum Jung, Chief Executive Officer of HMGICS, said, "We are pleased to have TeamViewer as a key technology partner for digital transformation in building a smart factory. Developing an intelligent manufacturing platform is an important part of Hyundai's strategy to lead the future mobility industry. We are continuously innovating the overall mobility value chain, which includes presenting a vision for a future mobility smart factory. We expect the partnership will further accelerate our transition to smart factory and enhance its efficiency. Sojung Lee, President for TeamViewer Asia Pacific, said, "We are excited to collaborate with Hyundai Motor Company in digitalizing manufacturing processes and building an automotive factory of the future. As digital transformation has accelerated on the shopfloor, there is a growing need for AR solutions like TeamViewer Frontline that helps by optimizing manual work processes in industrial environments. Our collaboration with Hyundai Motor Company will further solidify our position as an enterprise software provider with specialized solutions for the manufacturing industry and it will strengthen our role as a leading player in the industrial metaverse space." HMGICS, the Group's test bed and a global open innovation hub, aims to develop new EV business models, forge innovative partnerships, produce mobility products, and develop the Group's intelligent manufacturing platform to revolutionize the overall mobility value chain. Read the full article

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themarketinsights · 7 months

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Dress Up Game Market to see Booming Business Sentiments