A new S&P Global Market Intelligence report finds that gaming technology will be the biggest driver of the evolution of the metaverse.
This is because AR and VR hardware allows users to engage with virtual worlds inside and outside of work.
The newly published Technology, Media and Telecommunications (TMT) Industry Outlook to 2023 is part of S&P Global Market Intelligence’s 2023 Big Picture report series.
A new report highlights the impact of the metaverse on gaming and enterprise, citing data center sustainability as an increasingly troubling energy crisis and the rise of fintech as a service. I’m here.
Additionally, the S&P report believes video streaming competition and broadband transformation will be disruptive factors in 2023.
Eric Hanselman, TMT Chief Research Analyst at S&P Global Market Intelligence, said:
“This creates huge opportunities for new value creation and destruction.”
The report highlights that the adoption of AR and VR devices will grow steadily over the next five years. That’s because big tech companies are highlighting the hardware’s potential as a conduit to the metaverse.
By the end of 2021, S&P Global Market Intelligence estimates that there will be 28.5 million AR and VR headsets installed in consumer and commercial environments worldwide. That base is projected to grow to 73.6 million by 2026.
Additionally, the global energy crisis may force data center operators to test and install new equipment sooner than expected.
Hyperscale data centers are all the rage because of their scale, but models from S&P Global Market Intelligence show cloud deployments are up to 80% more efficient than typical enterprise IT deployments.
Additionally, fintech as a service sector is gaining momentum in attracting venture capital, with private startups in the sector raising over $5 billion since early 2021.
The report also found that rising inflation and the cost of living crisis could compete, forcing consumers to cut streaming subscriptions.
Moreover, by 2030, the amount of residential households paying for TV content is expected to decline from 57.7% in 2021 to 51.2% globally.
Finally, global fixed broadband subscribers are projected to reach 1.13 billion by 2023, surpassing traditional pay-TV subscribers of 1.09 billion for the first time.