Skip to product information
1 of 1

Consumer Goods & Retailing

Metaverse in Banking - Thematic Intelligence

Metaverse in Banking - Thematic Intelligence

Regular price $1,188.00 USD
Regular price Sale price $1,188.00 USD
Sale Sold out
Published Date
Length Pages
SKU

Metaverse in Banking - Thematic Intelligence
Summary

The metaverse is a virtual world where users share experiences and interact in real-time within simulated scenarios. The metaverse brings together a range of next-generation technologies, including cloud computing, artificial intelligence, blockchain, cryptocurrencies, augmented reality, virtual reality, and digital twins. While still largely conceptual, the metaverse could transform how we work, shop, communicate, and consume content. GlobalData predicts that the metaverse will grow from around $36 billion in 2020 to $627 billion in revenue by 2030, at a compound annual growth rate (CAGR) of 33% over 2020-30.

This thematic report takes an in-depth look at the impact of the metaverse in the banking industry. It identifies major challenges faced by banks and how the metaverse can help address them. Key players in the space are highlighted, including case study examples of metaverse implementations within the industry. An impact assessment details the areas of the metaverse where banking companies should focus their investments, while the data analysis section provides market size and growth forecasts.

ScopeOne of the biggest challenges that banks face is channel shift. The metaverse can be viewed as a new channel where banks can facilitate virtual transactions through effective financial services.The banking industry's adoption of cryptocurrency and blockchain has increased significantly in recent years and will account for 4% and 4.5% of metaverse revenue in 2025.US companies dominate metaverse-related patent publications in the banking industry, publishing 1,663 patents from January 2017 to July 2023.Reasons to BuyAccess market size and growth forecasts for the metaverse in banking.Identify metaverse leaders and laggards across payments, retail banking, and wealth management.Understand the key challenges facing the banking industry, and how the metaverse addresses these challenges.Access case study examples of metaverse vendors and investments within the banking industry.Understand metaverse adoption using alternative datasets and analysis showing M&A activity, mentions of metaverse technologies in company filings, and metaverse hiring trends in the banking industry.

View full details