Metaverse in Retail and Apparel - Thematic Intelligence
Summary
By 2030 GlobalData predicts that the metaverse will reach over $627 billion in revenue, having grown at a compound annual growth rate (CAGR) of 34% between 2022 and 2030. However, there will be slow uptake of the theme within retail due to an overall lack of benefits for the sector. The metaverse is still in its early stages of development, and its future trajectory in retail is uncertain. This, alongside a limited audience reach as the tech has not achieved mainstream adoption, suggests there may be more risks associated with the retail sector exploring the tech than benefits.
Inflation rates have hit the retail industry hard, so long-term business decisions focused on profitability must be made. Currently, evidence suggests that the metaverse will not bolster retailers' profitability. The tech also operates on various platforms, each with its own user base,rules, and capabilities. This makes it difficult for retailers to establish a consistent and cohesive presence across all metaverse platforms. As a result, the metaverse will not help retailers increase their reach.
Key Highlights
- An overview of the trends impacting the metaverse's adoption in the retail and apparel industries.
- Metaverse technology briefing
- Case studies showcasing how companies in the retail and apparel industries are adopting the metaverse.
- Our thematic research product, supported by our thematic engine, is aimed at senior (C-Suite) executives in the corporate world, decision makers, and institutional investors.
- Corporations: Helps CEOs, CTOs, and other senior executives of companies understand this key theme, the competitive environment, and the market opportunities.
- Investors: Helps fund managers and other major investors focus on investment opportunities in retail and apparel.
- This report provides an overview of the metaverse in retail and apparel.
- This report explains why the metaverse will continue to grow in importance for the retail industry.
- This report outlines how the correct the metaverse strategy can enhance retailers marketing strategy.
- The investment opportunities for appliciations in the the metaverse value chain are covered.
- The report also provides an overview of the metaverse activity in relating to the sector, including tech vendors and industry adopters.
- Determine potential investment opportunities based on trend analysis and market projections.
- Gaining an understanding of the market challenges and opportunities surrounding the metaverse theme.
- Executive Summary
- The Metaverse Value Chain
- Key players in the metaverse value chain
- Foundation layer
- Semiconductors
- Components
- Connectivity
- Data management
- Blockchain
- Tools layer
- 3D engines
- Artificial intelligence
- Visualization engines
- Payment platforms
- Adtech
- User interface layer
- Experience layer
- The Metaverse’s Impact on the Retail Sector
- The Metaverse’s Impact on Retail Challenges
- Case Studies
- MetaMall’s mall in the metaverse
- Albertsons has entered the metaverse to highlight its offers
- Italian fashion company United Colours of Benetton enters the metaverse
- Walmart uses the metaverse to target younger generations
- Data Analysis
- Market size and growth forecasts
- Mergers and acquisitions
- Hiring trends
- Metaverse timeline
- Companies
- Leading metaverse adopters in retail
- Leading metaverse vendors
- Specialist metaverse vendors in retail
- Sector Scorecard
- Retail sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Glossary
- Further Reading
- GlobalData reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: The Metaverse’s Impact on Retail Challenges
- Table 2: Mergers and acquisitions
- Table 3: Leading metaverse adopters in retail
- Table 4: Leading metaverse vendors
- Table 5: Specialist metaverse vendors in retail
- Table 6: Glossary
- Table 7: GlobalData reports
- List of Figures
- Figure 1: Key players in the metaverse value chain
- Figure 2: The metaverse value chain
- Figure 3: The metaverse value chain - Foundation layer: semiconductors
- Figure 4: The metaverse value chain - Foundation layer: components
- Figure 5: The metaverse value chain - Foundation layer: connectivity
- Figure 6: The metaverse value chain - Foundation layer: data management
- Figure 7: The metaverse value chain - Foundation layer: blockchain
- Figure 8: The metaverse value chain - Tools layer: 3D engines
- Figure 9: The metaverse value chain - Tools layer: artificial intelligence
- Figure 10: The metaverse value chain - Tools layer: visualization engines
- Figure 11: The metaverse value chain - Tools layer: payment platforms
- Figure 12: The metaverse value chain - Tools layer: adtech
- Figure 13: The metaverse value chain - User interface layer
- Figure 14: The metaverse value chain - Experience layer
- Figure 15: Pertinent topics in retail company filings
- Figure 16: Thematic impact assessment
- Figure 17: Retail in cyberspace
- Figure 18: Albertsons showcased its deals on 25 billboards in Decentraland
- Figure 19: Benetton in the metaverse
- Figure 20: Walmart enters the metaverse with Roblox
- Figure 21: The metaverse will generate $627 billion in revenue in 2030
- Figure 22: Metaverse hiring by retailers peaked in April 2022
- Figure 23: The metaverse story
- Figure 24: Who does what in the retail space?
- Figure 25: Thematic screen
- Figure 26: Valuation screen
- Figure 27: Risk screen
- Figure 28: Our five-step approach for generating a sector scorecard
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