According to TechSci Research report “India Metaverse Market- By Region, Competition Forecast & Opportunities, 2018-2028,” The India Metaverse Market is poised for growth in the upcoming forecast period, driven by the rapid advancement of digitalization and artificial intelligence capabilities. These factors are facilitating efficient mixed reality developments and substantial investments into physical metaverse spaces. Collaborations such as those between the Indian IT Ministry and Meta aim to bolster the extended reality startup ecosystem within India. Moreover, emerging startups from tier 2 and 3 cities are pivotal in pioneering technologies like Web 3.0, blockchain, AI, and Metaverse. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=15236 Institutions such as Gujarat University Startup and Entrepreneurship Council (GUSEC), Foundation for Innovation and Technology Transfer (FITT), and International Institute of Information Technology are launching XR programs focused on upskilling and enhancing technological capabilities for the metaverse. This initiative is expected to accelerate the growth of data centers across India in the forecast period. Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "India Metaverse Market.” The surge in smartphone users and a heightened emphasis on integrating digital and physical realms through the internet are key drivers propelling the India Metaverse Market forward. As India continues its rapid digitization, it is well-positioned to emerge as a hub for IT services specializing in cloud computing technologies, artificial intelligence, machine learning, and advanced analytics. Additionally, the increasing adoption of big data solutions, IoT, and cloud-based technologies is forecasted to drive market expansion through 2028. The India Metaverse Market is segmented based on components (hardware and software), platforms (desktop and mobile), technologies (blockchain, VR & AR, mixed reality), applications (gaming, online shopping, content creation, social media, others), end-users (BFSI, retail, manufacturing, media & entertainment, education, aerospace & defense, others), regions, and competitive landscape. Gaming is expected to dominate the India metaverse market application segment, fueled by significant contributions from players like Roblox Corporation, Unity Technologies, and Microsoft Corporation. These companies are increasingly relying on VR-based gaming services to engage Generation Z and Generation Alpha users through enhanced social interactions and innovative concepts such as play-to-earn using non-fungible tokens (NFTs). In the forecast period, the media and entertainment industry is anticipated to maintain its dominant position within the India metaverse market. This sector is rapidly adopting metaverse technologies to integrate realistic visualizations into virtual worlds, particularly through advancements in AR and VR in gaming and social media applications. With the growing adoption of cutting-edge gaming technologies, rising disposable incomes, and evolving consumer entertainment preferences, the media and entertainment industry is poised to redefine entertainment experiences in the metaverse era. Key market players in the India Metaverse Market include:
- Hyperlink InfoSystem
- Tata Consultancy Services Limited
- Fingent Global Solutions Pvt. Ltd.
- Deloitte Touche Tohmatsu India, LLP
- Tech Mahindra Ltd
- Travancore Analytics Private Limited
- Infosys Technologies Private Limited
- Accenture India Private Limited
- Capgemini India Private Limited
- Antier Solutions Pvt. Ltd.