NEW YORK, Nov. 3, 2022 /PRNewswire/ — Gaming technology will serve as the biggest driving force for the metaverse’s evolution in the near term as augmented reality (AR) and virtual reality (VR) hardware enables users to engage in virtual worlds in and outside of work, according to a new S&P Global Market Intelligence report released today. The latest publication 2023 Technology, Media and Telecommunications Industry Outlook is part of S&P Global Market Intelligence’s Big Picture 2023 Outlook Report Series.
New report highlights implications of the metaverse for gaming and enterprises, datacenter sustainability in a worsening energy crisis and the rise fintech as a service. In the report, video streaming competition is explored as well as broadband transformation in order to disrupt 2023.
“The foundational shift of the global economy to a digital footing—a shift that has been underway for over a decade and accelerated during the pandemic—continues. This is creating huge opportunities for new value creation, disruption,” he said. Eric Hanselman, Chief Research Analyst for TMT at S&P Global Market Intelligence.
These are the key highlights of the report:
- As big tech companies highlight the potential of VR and AR devices as a conduit into the metaverse, AR and VR device usage will continue to grow over the next five year. As of the end of 2021, S&P Global Market Intelligence estimates there were 28.5 million AR/VR headsets installed worldwide across consumer and commercial settings, and forecasts that base to grow to 73.6 million by 2026.
- Global energy crises may force datacenter operators to test out and install new equipment sooner than they anticipated. While hyperscale datacenters attract attention because they are so large, S&P Global Market Intelligence’s models show that cloud deployments can be up to 80% more efficient than typical enterprise IT deployments.
- The fintech as a service sector is rapidly attracting venture capital, with private startups in this sector raising more than $5 billion since the start of 2021.
- Rising inflation and rising costs of living may cause some consumers to cut back on streaming subscriptions. This could encourage the crowd chasing Netflix or Disney to put more emphasis on profitability than scale.
- Global pay television penetration is expected to fall to 51.2% in 2030, from 57.7% by 2021. Furthermore, global fixed broadband subscribers will surpass 1.09 billion in 2023. This is more than traditional pay-TV subscribers.
Request a copy of the 2023 Technology, Media & Telecommunications Industry OutlookContact us [email protected].
S&P Global Market Intelligence’s opinions, quotes, and credit-related and other analyses are statements of opinion as of the date they are expressed and not statements of fact or recommendation to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our experts provide unrivaled insight and the most advanced data and technology solutions. We partner with customers to broaden their perspectives, make confident decisions, and operate with confidence.
S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. Our offerings help many top organizations around the globe navigate the economic landscape to plan for tomorrow. For more information, visit www.spglobal.com/marketintelligence.
S&P Global Market Intelligence
+82 2 6001 3128
SOURCE S&P Global Market Intelligence
Leave a Reply