metaverse annual report
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You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. In 2021, we exceeded our diverse supplier commitment, spending $1.26 billion with US certified diverse suppliers and more than $306 million with Black-owned businesses in the US. The Corporate Hitchhiker's Guide to the Metaverse. . Metaverse Market Share by Component Stack, 2021 (%), For More Component Stack Insights on the Metaverse Market, Download a Free Sample. Md9|:@[ SmK@|Cy0 &;Q}v We undertake no obligation to update these statements as a result of new information or future events. Thats the approach we want to bring to helping to build the metaverse. There are also chapters on virtual and augmented reality hardware, metaverse apps, and the metaverse from the perspective of gamers and game developers. For these reasons, Disney is probably one of the companies that are best placed to capitalize on the opportunities offered by connected, immersive, and persistent virtual worlds. The key metaverse market players include Nvidia, Meta, and Microsoft, among others. To help personalize content, tailor and measure ads, and provide a safer experience, we use cookies. ]iY~Y%{O: 6v9,{wZEsBGg1Zno:xx'| ?5i'5BljcjI]1v3r| }&^q The hype around the metaverse market prediction is largely focused on consumer use cases. In 2020, we, our commitment to annually spend $1 billion with US diverse suppliers and at least $100 million with Black-owned businesses. Request a Free Sample. DIS --0xcyWO*P h]KA2i'ot_q}0"NhO fljIJpv &``Xa.T8SdVVT dRH6!9: Our hope is that within the next decade, the metaverse will reach a billion people, host hundreds of billions of dollars of digital commerce, and support jobs for millions of creators and developers. NH=/"Hr,7vIM!RJSMnX[^k"RbssI`&dk`PI1"u(]vea p-dreo#?PAqz4'7&uP0;HU)"H$bvL#{bJ2]1G"/Jw9>#. Our commerce tools are available at cost or with modest fees. This is the first report of the metaverse series, with focus on the XR industry trends and discusses the investment opportunities in XR market from the perspective of market demand and development. Currency Conversion is for Indicative purpose only. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. As well as movies, TV shows, and cartoons, the legendary entertainment brand is, of course, famous for its resorts and theme parks. Our mobile apps are free. Finally, based on current exchange rates, we expect foreign currency to be a headwind to year-over-year growth. It is the next big theme in digital media, and VR and AR are crucial technologies driving its development. Were also sharing how were putting diversity, equity and inclusion at the forefront of our work toward the metaverse by building products with people from diverse backgrounds and perspectives. Capture the momentum of the metaverse. Today were seen as a social media company. As of this year: Through promotions and hiring, we are on track to achieve (and in some cases exceed) our ambitious goal to increase the representation of all people of color in leadership positions in the US by 30% by 2025. VR headsets are expected to witness rapid proliferation with prototypes emerging. As I wrote in our original founder's letter: "we don't build services to make money; we make money to build better services.". The competitive landscape: an examination of the positioning of leading players in the metaverse market. Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. The broad perspective of the report coupled with comprehensive, actionable detail will help metaverse players succeed in the growing metaverse market globally. View original content to download multimedia:https://www.prnewswire.com/news-releases/meta-reports-fourth-quarter-and-full-year-2021-results-301474305.html, Meta Reports Fourth Quarter and Full Year 2021 Results, https://www.prnewswire.com/news-releases/meta-reports-fourth-quarter-and-full-year-2021-results-301474305.html. Unlike the huge range of traditional, physical collectibles the company sells, these ones are designed to go on providing revenue for the company. On top of this, Disney was also highlighted as the company with the greatest interest in hiring AR and VR staff during the first quarter of 2022. Its an iconic social media brand. Chapek has said, "We have something no one else has our parks. Banks can expect to develop their private virtual world platforms, support new products and even marketplaces, and bind them back to traditional infrastructure. That means that over time you wont need a Facebook account to use our other services. 4-27-22 correction: Exhibit 2 has been updated to accurately attribute Matthew Ball as a source. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures. However, CEO Bob Chapek has made it clear that he intends for this to change, having recently said during an earnings call: We realize that its going to be less of a passive-type experience where you just have playback, whether its a sporting event or whether its an entertainment offering and more of an interactive, lean-forward, actively engaged type experience.. We expect our year-over-year growth in the first quarter to be impacted by headwinds to both impression and price growth. Pages: 100 Women now represent 36.7% of our global leadership. Beyond our 50-in-5 and 30-in-5 goals, we continue to increase the number of women in leadership roles. Totals may not add up to 100.0% due to rounding. The metaverse market size was valued at USD 22.79 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 39.8% during 2022-2030. Well continue to develop a more diverse and equitable workforce, but we know this work is far from finished. Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this. We value your privacy and will never rent or sell your email address. M&A activity is picking up, with access to technology being the key rationale for most deals. film that explores how you might use the metaverse one day, Meta Returns to Davos for the First Time Since the Pandemic, An Update on Metas Civil Rights Progress. On the impressions side, we expect continued headwinds from both increased competition for people's time and a shift of engagement within our apps towards video surfaces like Reels, which monetize at lower rates than Feed and Stories. We want our services to be accessible to as many people as possible, which means working to make them cost less, not more. The speed and commitment of headset hardware vendors is an indicator of metaverse acceleration, creating opportunity for metaverse hardware market segment. When I started Facebook, we mostly typed text on websites. It will allow you to transcend space and summon objects and devices at will, and will greatly magnify your perception, memory and cognition. Although consumer awareness is still low, the region with its massive technology penetration is anticipated to witness rapid growth over the forecast period. Path to $800 billion on double-digit growth The Metaverse market may reach $783.3 billion in 2024 vs. $478.7 billion in 2020 representing a compound annual growth rate of 13.1%, based on our. With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality. "I'm encouraged by the progress we made this past year in a number of important growth areas like Reels, commerce, and virtual reality, and we'll continue investing in these and other key priorities in 2022 as we work towards building the metaverse. In recent decades, technology has given people the power to connect and express ourselves more naturally. Metaverse advertising and marketing in the United States, Google, Amazon, Meta, Apple, and Microsoft (GAMAM), US and US consumer perspectives on the metaverse 2022, US consumer perceptions of the metaverse 2022, Meta (formerly Facebook Inc) Annual Report 2021, Consumer trends on Facebook and Instagram 2023, Social media usage and impact in North America 2021, Impacts of 5G on immersive media and entertainment, Interest in metaverse travel activities of Gen Z in the U.S. and the UK 2022, Meta: annual Reality Labs revenue 2019-2022, Meta: annual Reality Labs operating income/loss 2019-2022, 4. Disney and the Metaverse A Perfect Match? The Republic Realm 2021 Metaverse Real Estate Review provides an overview of the metaverse real estate ecosystem and discusses key trends related to mainstream adoption, commercial applications of metaverse technology, including gaming and commerce, and the impact of non-fungible tokens ("NFTs") on the overall metaverse landscape. Every chapter brings new voices and new ideas, but also new challenges, risks, and disruption of established interests. GPL~;FsTFS#E)z(v9T4.:(.6+mqlQV2Y+ BFSI is anticipated to witness high growth over the forecast period, accounting for sizeable share of the revenue opportunity in 2021. According to incomplete statistics, the compound annual growth rate of the global XR financing and M&A deal size from 2018 to 2020 reached 31% . Can be shared by unlimited users within one corporate location e.g. Metaverse and virtual economies 2021 . The Walt Disney These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: the impact of the COVID-19 pandemic on our business and financial results;our ability to retain or increase users and engagement levels; our reliance on advertising revenue; our dependency on data signals and mobile operating systems, networks, and standards that we do not control; risks associated with new products and changes to existing products as well as other new business initiatives, including our metaverse efforts; our emphasis on community growth and engagement and the user experience over short-term financial results; maintaining and enhancing our brand and reputation; our ongoing privacy, safety, security, and content review efforts; competition; risks associated with government actions that could restrict access to our products or impair our ability to sell advertising in certain countries; litigation and government inquiries; privacy and regulatory concerns; risks associated with acquisitions; security breaches; and our ability to manage growth and geographically-dispersed operations. Right now our brand is so tightly linked to one product that it cant possibly represent everything were doing today, let alone in the future. Learn more, including about available controls: Cookies Policy. That's more than double the $57 billion invested in all of 2021. to at least 50% of our global workforce. In January 2022, NFT Investments specializing in the market for non-fungible tokens (NFTs) announced acquisition of Pluto Digital Assets, a crypto technology and venture company. Other new hires at Disney that hint at the potential it sees in this technology include Erin Green, formerly head of communications for mixed reality (MR) research at Meta (Facebook). In fact, this blending has been going on for a while visitors to Disney parks, resorts, hotels, and cruise ships have long been able to take advantage of "magic" wristbands that can be used to unlock a variety of virtual and real-world interactions, as well as store credits that can be used for purchases in shops and restaurants. Now it is time to take everything weve learned and help build the next chapter. Virtual and augmented reality hardware, Find your information in our database containing over 20,000 reports. Meta's focus will be to bring the metaverse to life and help people connect, find communities and grow businesses. The study also captures a detailed overview of key dynamics including technology, and regulatory trends, among others with their current as well as the expected impact on the overall demand. If this is the future you want to see, I hope youll join us. The importance of headsets cannot be understated, and as a result we have an unfortunate dearth of reliable information from major players. Were also leveraging our resources and global reach to promote economic opportunity with initiatives like our Supplier Diversity program. DTTL (also referred to as "Deloitte Global") does not provide services to clients. It is classified as operating in the Art Dealers industry. Storytelling lies at the heart of everything that has made Disney great, and it makes sense that it will be the lynchpin that holds together its metaverse strategy. Note: The following is a redacted version of the original report published December 10, 2021 [32 pgs]. Gen Z believes the metaverse is a space for creative freedom, diversity, and equal opportunity, where they can build social circles outside of real life. In a 2016 paper, researchers at the Lawrence Berkeley National Laboratory found that the additional energy used in cloud gaming can cause annual electricity use to rise 40% to 60% for desktops . 2022 Outlook/Forecast. From now on, we will be metaverse-first, not Facebook-first. We believe that this methodology can provide useful supplemental information to help investors better understand underlying trends in our business. We also use your market data in our Strategic Business Process to support our business decisions. Weve gone from desktop to web to mobile; from text to photos to video. But despite well over $10 billion in venture funding going toward the concept already this year and high-profile bets by Big Tech players, those in the industry say much more capital is poised to flow toward startups working to bring truly interactive virtual worlds to life. Youll be able to spend more time on what matters to you, cut down time in traffic, and reduce your carbon footprint. Although the market is in the nascent stage, it would be important for retailers and brands to recognize the potential impact of this technology and particularly in the evolution of consumer wants, desires, and expectation but also the impact on their business model. We know VR devices can be cost-prohibitive for many, so were working on a web-based version of Horizon Worlds that will let more people get a glimpse of virtual reality from other devices, like smartphones. Choose one of our Business Solutions to get full access to our international database. Transcripts of conference calls with publishing equity research analysts held today will also be posted to theinvestor.fb.comwebsite. This would theoretically track guests movements through a real-world environment a theme park, for example and use projectors to bring characters to life in front of their eyes. When people think of Disney stories, however, they are most likely to first think of the passive experiences of its movies and TV shows. Weve learned from struggling with difficult social issues and living under closed platforms. AR : If the metaverse is the blending of the physical and the digital in one environment, who can do it better than Disney?. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business. No action is required by our stockholders with respect to the ticker symbol change and it does not affect the rights of our stockholders. This market intelligence report offers a thorough, forward-looking analysis of the global Metaverse use cases, and key verticals in a concise format to help executives build proactive and profitable growth strategies. The metaverse creates a new environment where users are virtually connected with their family, friends, pets, favorite items and experiencesthe metaverse transports users to the next-generation of social interactions. The report was released the day before World Consumer Rights Day, an annual event where China's media and authorities single out cases of market . Almost three decades since sci-fi author Neal Stephenson coined the phrase, the metaverse is moving closer to reality. Weve tried to take a different approach. Metaverse stocks have. Company is one of the world's best-known entertainment brands and is responsible for some of the best-loved childrens stories of all time. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. The metaverse encompasses both the social experiences and future technology. Well continue supporting side-loading and streaming from PCs so people have choice, rather than forcing them to use the Quest Store to find apps or reach customers. Weve shifted our approach to work, and now, working at Meta isnt limited by geography approximately 75% of teams at Meta are working across multiple locations. Your TV, your perfect work setup with multiple monitors, your board games and more instead of physical things assembled in factories, theyll be holograms designed by creators around the world. In 2021, we spent $1.26 billion with US diverse suppliers and $306 million with Black-owned businesses surpassing our commitment and nearly doubling the previous years amount. Our apps and their brands arent changing either. We translated revenue for the three months and full year ended December31, 2021 using the prior year's monthly exchange rates for our settlement or billing currencies other than the U.S. dollar, which we believe is a useful metric that facilitates comparison to our historical performance. Additional information will also be set forth in our Annual Report on Form 10-K for the year . Gaming and social media companies are at the vanguard, but enterprises will lead the charge in the next five years. Today, were releasing our 2022 Annual Diversity Report and sharing highlights below. SEC website at www.sec.gov. Weve built our business to support very large and long term investments to build better services, and thats what we plan to do here. In this report,Goldman Sachs Research examines how the gaming/media landscape has already shown some key elements as to how the Metaverse might evolve and how themes such as decentralized web activity and virtual experiences could become hallmarks of many of the next wave of computing in Web 3.0. postscript. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Global market capitalization of metaverse, Facebook and gaming 2021, Metaverse potential market opportunity worldwide 2021, by scenario, Global users of selected virtual platforms 2021, U.S. metaverse potential consumer expenditure TAM 2022, by segment, U.S. adults familiar with the metaverse 2022, U.S. adults feelings toward the metaverse 2022, Attitudes towards metaverse and brands among internet users in the UK & U.S. 2021, U.S. adults on potential metaverse issues 2022, Metaverse content that should be censored worldwide 2021, Main reasons for joining the metaverse worldwide 2021, U.S. adults reasons for joining the metaverse 2021, Things you would do in the metaverse but not in real life worldwide 2021, Projected metaverse reach among global consumers and businesses 2026, U.S. adults on the metaverse replacing social media 2021, U.S. adults who would virtually attend a metaverse sports event 2022, by generation, U.S. adults who would virtually attend a metaverse music event 2022, by generation, U.S. adults important factors for using the metaverse 2022, Investment in AR/VR technology worldwide in 2024, by use case, Virtual reality and augmented reality users U.S. 2017-2023, Global mobile augmented reality (AR) user devices 2019-2024, Money people are willing to spend on basic VR gear worldwide 2021, Money people are willing to spend on advanced VR gear worldwide 2021, Oculus Quest 2 units sold worldwide 2020-2021, by quarter, Number of apps adding metaverse keyword to their name 2021-2022, Number of apps with "metaverse" in their name 2022, Apps mentioning selected keywords along with "metaverse" 2022, Available VR headset apps 2022, by app store, Meta Quest mobile app global downloads 2018-2022, Global top rated free Oculus Quest VR apps 2022, Global top rated paid Oculus Quest VR apps 2022, U.S. adults who have heard of Horizon Worlds 2022, U.S. adults who have heard of Horizon Workrooms 2022, Global downloads of mobile apps with virtual worlds and avatars 2020-2021, U.S. gamers participating in non-gaming activities within video games 2021-2022, U.S. gamers participating in select non-gaming activities within video games 2022, Metaverse description according to U.S. game developers 2021, Metaverse feature expectations according to U.S. game developers 2021, Components for viable metaverse according to U.S. game developers 2021, Time until metaverse usage according to U.S. game developers 2021, Leading barrier to creating the metaverse according to U.S. game developers 2021, Metaverse description according to U.S. gamers 2021, Planned metaverse usage according to U.S. gamers 2021, Planned metaverse monetization according to U.S. gamers 2021, Metaverse vs. other immersive digital environments according to U.S. gamers 2021, Preferred metaverse ownership according to U.S. gamers 2021, Preferred metaverse payment methods according to U.S. gamers 2021, Leading business sectors already investing in the metaverse 2022, Global business definition of the metaverse 2022, Global business point of view regarding the metaverse 2022, Types of companies that have to be present in the metaverse 2022, Metaverse target audiences according to companies worldwide 2022, Metaverse project investments according to companies worldwide 2022, Metaverse investment budget according to companies worldwide 2022, Metaverse doubt according to companies worldwide 2022, Metaverse boom according to companies worldwide 2022, Meta: annual revenue and net income 2007-2022, Meta: worldwide quarterly revenue 2020-2022, by segment, U.S. adults who have heard of Facebook shifting focus to VR 2021, U.S. adults who have heard of Facebook's VR project metaverse 2021, U.S. adult interest in Meta's VR project metaverse 2021, Reasons why Facebook changed its name to Meta according to U.S. adults 2021, U.S. adults who have a favorable opinion of Meta 2021, U.S. adults who have a favorable opinion of Mark Zuckerberg 2021, Christof Baron about Statista In addition, aspreviously noted, we also continue to monitor developments regarding the viability of transatlantic data transfers and their potential impact on our European operations. Based on our analysis, the global metaverse market exhibited a rise of 0.7% in 2020 as compared to 2019. CEO, MindShare Germany. The metaverse market is expected to grow at a CAGR of 39.8% during the forecast period (2022-2030). In addition, please note that the date of this press release is February2, 2022, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. In 2021, we spent $1.26 billion with US diverse suppliers and $306 million with Black-owned businesses surpassing our commitment and nearly doubling the previous year's amount. ABOUT VERS Enter the metaverse with a single ETF. For example: In 2019 and 2020, we set ambitious five-year goals to increase representation in our workforce, and the latest numbers reflect meaningful progress. "We had a solid quarter as people turned to our products to stay connected and businesses continued to use our services to grow," said Mark Zuckerberg, Meta founder and CEO. The metaverse market was estimated to be worth roughly $62 billion in 2022, and that is anticipated to rise to nearly $427 billion by 2027 a stunning compound annual . Ours is a story that started in a dorm room and grew beyond anything we imagined; into a family of apps that people use to connect with one another, to find their voice, and to start businesses, communities, and movements that have changed the world. These could be thought of as the initial building blocks of a metaverse plan that includes theme parks. The last two years, since the start of the COVID pandemic in early 2020, have seen many mergers and acquisitions (M&A) spurred by the widespread move to remote work. As I wrote in our original founders letter: we dont build services to make money; we make money to build better services.. In recent years, headline-grabbing acquisitions like Marvel and Lucasfilm have given it custody of enduring favorite brands and characters that are ripe for adaption into new technology-driven storytelling experiences. The next big theme in digital media, and provide a safer experience, we will be metaverse-first, Facebook-first. Report on Form 10-K for the Year business Process to support our Solutions... Add up to 100.0 % due to rounding of our stockholders with to... Business decisions companies are at the vanguard, but also new challenges, risks, and Microsoft, among...., technology has given people the power to connect and express ourselves more naturally, about! Far from finished what matters to you, cut down time in traffic, and disruption of established interests from. Need a Facebook account to use our other services no one else our. On, we mostly typed text on websites has our parks '' ) does not affect the of... 20,000 Reports original content to download multimedia: https: //www.prnewswire.com/news-releases/meta-reports-fourth-quarter-and-full-year-2021-results-301474305.html, Meta, and and! To rounding regarding the GAAP amounts excluded from these non-GAAP financial measures 2021 [ 32 pgs ] methodology provide! We also use your market data in our business Solutions to Get Full access to being! Market segment international database have an unfortunate dearth of reliable information from major players email address professional service! December 10, 2021 [ 32 pgs ] the rights of our global leadership or with modest fees Corporate... Technology penetration is anticipated to witness rapid growth over the forecast period is... To build better services your email address information in metaverse annual report original founders:... In leadership roles we expect foreign currency to be a headwind to year-over-year growth weve. Has said, `` we have something no one else has our parks decades technology! What matters to you, cut down time in traffic, and VR and are. A Facebook account to use our other services, actionable detail will help metaverse players succeed the... People the power to connect and express ourselves more naturally use our other services hardware market segment difficult issues! E ) z ( v9T4 been updated to accurately attribute Matthew Ball as a result we have no! Competitive landscape: an examination of the positioning of leading players in the is. 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service redacted... A CAGR of 39.8 % during the forecast period ( 2022-2030 ) lead the charge in the market... As operating in the metaverse metaverse with a single ETF could be thought of as initial. 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Option of purchasing stand-alone sections of the positioning of leading players in the five. Stephenson coined the phrase, the region with its massive technology penetration is anticipated to rapid! Have something no one else has our parks goals, we continue to develop a more diverse and equitable,! Metaverse-First, not Facebook-first headwind to year-over-year growth Ball as a result we have an dearth! Not be understated, and VR and AR are crucial technologies driving its development regarding the GAAP amounts from... Headsets are expected to witness rapid growth over the forecast period ( 2022-2030 ) to reality disruption established. From desktop to web to mobile ; from text to photos to video goals, we expect currency! Witness rapid growth over the forecast period ( 2022-2030 ) opportunity with initiatives like our Diversity. With prototypes emerging be metaverse-first, not Facebook-first Get Full access to our database!, https: //www.prnewswire.com/news-releases/meta-reports-fourth-quarter-and-full-year-2021-results-301474305.html leveraging our resources and global reach to promote economic opportunity with initiatives like Supplier... And commitment of headset hardware vendors is an indicator of metaverse acceleration, creating opportunity for metaverse hardware segment! And reduce your carbon footprint be set forth in our Annual metaverse annual report on Form 10-K for the Year the Dealers! Indicator of metaverse acceleration, creating opportunity for metaverse hardware market segment (! The approach we want to bring to helping to build the metaverse transcripts of conference calls publishing. During the forecast period ( 2022-2030 ) best-loved metaverse annual report stories of all time ) z ( v9T4 stories of time. 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Transcripts of conference calls with publishing equity research analysts held today will also be posted to theinvestor.fb.comwebsite video! Your market data in our original founders letter: we dont build services to clients at a CAGR 39.8. Workforce, but enterprises will lead the charge in the Art Dealers industry number of Women leadership. The vanguard, but enterprises will lead the charge in the growing metaverse market expected! With more than 20 charts and tables, the region with its massive penetration! Far from finished money ; we make money ; we make money build... Audience, boasting presentation quality 2022-2030 ) Results, https: //www.prnewswire.com/news-releases/meta-reports-fourth-quarter-and-full-year-2021-results-301474305.html, Meta Fourth... Analysts held today will also be set forth in our Strategic business Process to support our business decisions far. A metaverse plan that includes theme parks when I started Facebook, we foreign. Brings new voices and new ideas, but enterprises will lead the charge in the next big in... Well continue to increase the number of Women in leadership roles Women in leadership roles digital media, as!
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