Analysts at JP Morgan believe the Metaverse games market could explode in China even in the current regulatory climate, with some challenges to adoption. is JP Morgan’s pick when it comes to capitalizing on this potential growth, which at best could exceed $100 billion.
JP Morgan analyst believes Metaverse games will boom in China
The metaverse and markets derived from this new industry trend have been the subject of research by various institutions interested in entering this newly discovered market. Although a loosely structured and defined market, some believe it has real growth potential. JP Morgan analyst believe Even with the current restrictions imposed by China’s cryptography laws, it’s very likely that this sector in China will explode.
JP Morgan has selected the top industries to benefit from China’s boom in this sector. Among these are Tencent, a conglomerate that provides Internet games and artificial intelligence services, Netease is another domestic gaming giant. Other companies mentioned by JP Morgan are Agora and China Mobile.
Recommendations are based on the standards of these companies’ developments in social media and gaming. In this regard, a report published on September 7 said:
The development of the mobile internet and AI over the past 5-10 years has shown that a company’s competitive advantage in one part of the technology ecosystem has more to do with shareholders in the long term than in which part of the ecosystem the company operates. , suggesting that it is often more important in determining value creation.
Many metaverse game markets Traditional Gaming companies are already trying to get in, and it’s estimated to grow from $44 billion to $131 billion, nearly tripling its value.
Digitizing tasks and business
These presumptions are largely based on the belief that the Metaverse will change the way people behave and do business in the future. People are expected to spend twice as much time online today as his average, with financial institutions estimating her at 6.6 hours.
Businesses and services will also ostensibly be a big part of China’s market growth. The market for these services associated with the metaverse will be $27 billion, and the digitization of physical activity will contribute even more, creating a $4 trillion market for companies that are ready to change their business models to digitize. Open
What do you think of JP Morgan’s latest metaverse report? Let us know in the comments section below.
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