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Global Metaverse Market in Finance 2023-2027

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    Report

  • 120 Pages
  • October 2022
  • Region: Global
  • TechNavio
  • ID: 5692417
1h Free Analyst Time

Quick Summary:

In an era where artificial intelligence, virtual reality, and cryptocurrencies have gained significant ground, the metaverse market in finance emerges as a pivotal nexus, drawing these technologies into an exciting and transformative ensemble. Harnessing synergies between hardware and software components, this intricate market is being eagerly adopted by diverse end-users, ranging from brokerage firms to commercial banks.

The geographic spread is just as varied, with implications for North America, Europe, APAC, South America, and the Middle East and Africa. This report presents an exhaustive analysis of the entire metaverse market in finance - an invaluable tool for key stakeholders aiming to ride the wave of growth. Notably, it highlights the development of metaverse wallets as a primary growth driver and provides an insight into emerging trends. Plus, our detailed vendor analysis includes major players like JPMorgan Chase and Co., HSBC Holdings Plc, and BNP Paribas SA, equipping you with indispensable knowledge to fortify your market position.

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The metaverse market in finance and it is poised to grow by $107.06 billion during 2023-2027, accelerating at a CAGR of 21.33% during the forecast period. The market is driven by integration with VR and AR platforms, the emergence of artificial intelligence (AI), and the increasing popularity and adoption of cryptocurrencies.

This report on the metaverse market in finance provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The metaverse market in finance is segmented as below:

By Component

  • Hardware
  • Software

By End-user

  • Brokerage firms
  • Investment banks
  • Commercial banks
  • Others

By Geography

  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the development of metaverse wallets as one of the prime reasons driving the metaverse market in finance growth during the next few years. Also, increasing focus on VR and ar and the rise of blockchain as a service will lead to sizable demand in the market.

This report on the metaverse market in finance covers the following areas:

  • Metaverse market in finance sizing
  • Metaverse market in finance forecast
  • Metaverse market in finance industry analysis
The robust vendor analysis is designed to help clients improve their market position. In line with this, this report provides a detailed analysis of several leading metaverse markets in finance vendors that include Bank of America Corp., BNP Paribas SA, HSBC Holdings Plc, IBK Industrial Bank of Korea, JPMorgan Chase and Co., KB Financial Group Inc., Mogo Inc., National Bank of Kuwait S.A.K.P, NH Investment and Securities Co. Ltd., and Shinhan Financial Group Co. Ltd. Also, the metaverse market in finance analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Component
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
4.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
4.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
4.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
4.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
4.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
4.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
5 Market Segmentation by Component
5.1 Market segments
Exhibit 25: Chart on Component - Market share 2022-2027 (%)
Exhibit 26: Data Table on Component - Market share 2022-2027 (%)
5.2 Comparison by Component
Exhibit 27: Chart on Comparison by Component
Exhibit 28: Data Table on Comparison by Component
5.3 Hardware - Market size and forecast 2022-2027
Exhibit 29: Chart on Hardware - Market size and forecast 2022-2027 ($ billion)
Exhibit 30: Data Table on Hardware - Market size and forecast 2022-2027 ($ billion)
Exhibit 31: Chart on Hardware - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
5.4 Software - Market size and forecast 2022-2027
Exhibit 33: Chart on Software - Market size and forecast 2022-2027 ($ billion)
Exhibit 34: Data Table on Software - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Chart on Software - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Software - Year-over-year growth 2022-2027 (%)
5.5 Market opportunity by Component
Exhibit 37: Market opportunity by Component ($ billion)
6 Market Segmentation by End-user
6.1 Market segments
Exhibit 38: Chart on End-user - Market share 2022-2027 (%)
Exhibit 39: Data Table on End-user - Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 40: Chart on Comparison by End-user
Exhibit 41: Data Table on Comparison by End-user
6.3 Brokerage firms - Market size and forecast 2022-2027
Exhibit 42: Chart on Brokerage firms - Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Data Table on Brokerage firms - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Chart on Brokerage firms - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Brokerage firms - Year-over-year growth 2022-2027 (%)
6.4 Investment banks - Market size and forecast 2022-2027
Exhibit 46: Chart on Investment banks - Market size and forecast 2022-2027 ($ billion)
Exhibit 47: Data Table on Investment banks - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Chart on Investment banks - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Investment banks - Year-over-year growth 2022-2027 (%)
6.5 Commercial banks - Market size and forecast 2022-2027
Exhibit 50: Chart on Commercial banks - Market size and forecast 2022-2027 ($ billion)
Exhibit 51: Data Table on Commercial banks - Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Chart on Commercial banks - Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on Commercial banks - Year-over-year growth 2022-2027 (%)
6.6 Others - Market size and forecast 2022-2027
Exhibit 54: Chart on Others - Market size and forecast 2022-2027 ($ billion)
Exhibit 55: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
Exhibit 56: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 57: Data Table on Others - Year-over-year growth 2022-2027 (%)
6.7 Market opportunity by End-user
Exhibit 58: Market opportunity by End-user ($ billion)
7 Customer Landscape
7.1 Customer landscape overview
Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Exhibit 60: Chart on Market share by geography 2022-2027 (%)
Exhibit 61: Data Table on Market share by geography 2022-2027 (%)
8.2 Geographic comparison
Exhibit 62: Chart on Geographic comparison
Exhibit 63: Data Table on Geographic comparison
8.3 North America - Market size and forecast 2022-2027
Exhibit 64: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 66: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 67: Data Table on North America - Year-over-year growth 2022-2027 (%)
8.4 Europe - Market size and forecast 2022-2027
Exhibit 68: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 69: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 70: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 71: Data Table on Europe - Year-over-year growth 2022-2027 (%)
8.5 APAC - Market size and forecast 2022-2027
Exhibit 72: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 73: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 74: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 75: Data Table on APAC - Year-over-year growth 2022-2027 (%)
8.6 South America - Market size and forecast 2022-2027
Exhibit 76: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 77: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 78: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 79: Data Table on South America - Year-over-year growth 2022-2027 (%)
8.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 80: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 81: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 82: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 83: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
8.8 US - Market size and forecast 2022-2027
Exhibit 84: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 85: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 87: Data Table on US - Year-over-year growth 2022-2027 (%)
8.9 China - Market size and forecast 2022-2027
Exhibit 88: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 89: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 91: Data Table on China - Year-over-year growth 2022-2027 (%)
8.10 Germany - Market size and forecast 2022-2027
Exhibit 92: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 93: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 95: Data Table on Germany - Year-over-year growth 2022-2027 (%)
8.11 UK - Market size and forecast 2022-2027
Exhibit 96: Chart on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 97: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 99: Data Table on UK - Year-over-year growth 2022-2027 (%)
8.12 Canada - Market size and forecast 2022-2027
Exhibit 100: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
Exhibit 101: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
Exhibit 102: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 103: Data Table on Canada - Year-over-year growth 2022-2027 (%)
8.13 Market opportunity by geography
Exhibit 104: Market opportunity by geography ($ billion)
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
10.4 Industry risks
Exhibit 108: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 109: Vendors covered
11.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
11.3 Bank of America Corp.
Exhibit 111: Bank of America Corp. - Overview
Exhibit 112: Bank of America Corp. - Business segments
Exhibit 113: Bank of America Corp. - Key news
Exhibit 114: Bank of America Corp. - Key offerings
Exhibit 115: Bank of America Corp. - Segment focus
11.4 BNP Paribas SA
Exhibit 116: BNP Paribas SA - Overview
Exhibit 117: BNP Paribas SA - Business segments
Exhibit 118: BNP Paribas SA - Key offerings
Exhibit 119: BNP Paribas SA - Segment focus
11.5 HSBC Holdings Plc
Exhibit 120: HSBC Holdings Plc - Overview
Exhibit 121: HSBC Holdings Plc - Business segments
Exhibit 122: HSBC Holdings Plc - Key news
Exhibit 123: HSBC Holdings Plc - Key offerings
Exhibit 124: HSBC Holdings Plc - Segment focus
11.6 IBK Industrial Bank of Korea
Exhibit 125: IBK Industrial Bank of Korea - Overview
Exhibit 126: IBK Industrial Bank of Korea - Product / Service
Exhibit 127: IBK Industrial Bank of Korea - Key offerings
11.7 JPMorgan Chase and Co.
Exhibit 128: JPMorgan Chase and Co. - Overview
Exhibit 129: JPMorgan Chase and Co. - Business segments
Exhibit 130: JPMorgan Chase and Co. - Key offerings
Exhibit 131: JPMorgan Chase and Co. - Segment focus
11.8 KB Financial Group Inc.
Exhibit 132: KB Financial Group Inc. - Overview
Exhibit 133: KB Financial Group Inc. - Business segments
Exhibit 134: KB Financial Group Inc. - Key offerings
Exhibit 135: KB Financial Group Inc. - Segment focus
11.9 Mogo Inc.
Exhibit 136: Mogo Inc. - Overview
Exhibit 137: Mogo Inc. - Product / Service
Exhibit 138: Mogo Inc. - Key offerings
11.10 National Bank of Kuwait S.A.K.P
Exhibit 139: National Bank of Kuwait S.A.K.P - Overview
Exhibit 140: National Bank of Kuwait S.A.K.P - Business segments
Exhibit 141: National Bank of Kuwait S.A.K.P - Key offerings
Exhibit 142: National Bank of Kuwait S.A.K.P - Segment focus
11.11 NH Investment and Securities Co. Ltd.
Exhibit 143: NH Investment and Securities Co. Ltd. - Overview
Exhibit 144: NH Investment and Securities Co. Ltd. - Product / Service
Exhibit 145: NH Investment and Securities Co. Ltd. - Key offerings
11.12 Shinhan Financial Group Co. Ltd.
Exhibit 146: Shinhan Financial Group Co. Ltd. - Overview
Exhibit 147: Shinhan Financial Group Co. Ltd. - Business segments
Exhibit 148: Shinhan Financial Group Co. Ltd. - Key offerings
Exhibit 149: Shinhan Financial Group Co. Ltd. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 150: Inclusions checklist
Exhibit 151: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 152: Currency conversion rates for US$
12.4 Research methodology
Exhibit 153: Research methodology
Exhibit 154: Validation techniques employed for market sizing
Exhibit 155: Information sources
12.5 List of abbreviations
Exhibit 156: List of abbreviations
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Executive Summary

The analyst recognizes the following companies as the key players in the global metaverse market in finance: Bank of America Corp., BNP Paribas SA, HSBC Holdings Plc, IBK Industrial Bank of Korea, JPMorgan Chase and Co., KB Financial Group Inc., Mogo Inc., National Bank of Kuwait S.A.K.P, NH Investment and Securities Co. Ltd., and Shinhan Financial Group Co. Ltd.

Commenting on the report, one of the report's analysts said: 'The latest trend gaining momentum in the market is the development of metaverse wallets.'

According to the report, one of the major drivers for this market is the integration of VR and AR platforms.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Bank of America Corp.
  • BNP Paribas SA
  • HSBC Holdings Plc
  • IBK Industrial Bank of Korea
  • JPMorgan Chase and Co.
  • KB Financial Group Inc.
  • Mogo Inc.
  • National Bank of Kuwait S.A.K.P
  • NH Investment and Securities Co. Ltd.
  • Shinhan Financial Group Co. Ltd.