The prediction game has long guided the crypto world. This time, JPMorgan analysts focused on the Metaverse market, especially video games. According to studies, the Metaverse game market may explode in China. And this, despite the current regulations that show some difficulties in adoption. With the development of digitalization of companies, this growth can best exceed 100 billion dollars. The analyst team explained the reasons for this potential explosion in its report.
For JPMorgan experts, Metaverse games will explode in China. Despite the loose structuring of this type of market and the limitations imposed by the country’s cryptocurrency legislation, many believe that there are real opportunities for growth. According to the famous investment bank, the boom may exceed 100 billion dollars.
JPMorgan lists the top Chinese companies that will benefit from the explosion of this sector on Metaverse. It includes Tencent, a conglomerate that offers Internet games and artificial intelligence services. But there is also NetEase, a Chinese gaming giant. According to the report, NetEase has a virtual meeting room system called Yaotai. Tencent, on the other hand, already uses a video conferencing application, “Tencent Meeting”. In fact, this company also has extensive experience in managing China’s largest social network Weixin/QQ mobile. This allows him to benefit from the sale of virtual goods on these platforms. Also on the list are companies like Bilibili, Agora and China Mobile.
The digital market is gradually bringing companies together
JPMorgan added that in the metaverse, the time spent online is likely to double from the current average of 6.6 hours in China. Estimates show that the Metaverse game market will grow from $44 billion to $131 billion, almost triple its value, with many traditional game companies trying to enter this new market.
Companies can strongly contribute to the growth of the Chinese market. JPMorgan estimates that China’s total market for business services and software in the metaverse will be $27 billion. The digitalization of offline consumption of goods and services will become a $4 trillion market in the country. This concerns companies that are willing to change their business model to become digital.
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