China’s market for virtual reality gaming might grow to above $100 billion, according to JPMorgan

September 14, 2022

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China’s market for virtual reality gaming might grow to above $100 billion, according to JPMorgan. Analysts at JP Morgan believe that the metaphorical gaming market in China could explode even with the current regulatory environment, which presents some challenges for implementation. Companies like Tencent, Netizens and Philly are among JPMorgan’s choices to benefit from this potential growth, which could exceed $100 billion. Metaverse and the market resulting from this new industry trend is controlled by various companies interested in entering this new market. Although it is a poorly structured and limited market, some believe there is real potential for growth. Analysts at JP Morgan believe that China has the most potential to explode in this sector, even with the current restrictions imposed by the country’s cryptocurrency laws.

JP Morgan has selected the best industries to benefit from the growth of the sector in China. These include Tencent, a conglomerate that provides online gaming and artificial intelligence services, and Netease, another gaming company in the country. Other companies mentioned by JP Morgan are Agora and China Mobile. Proposals are based on the criteria for the development of these companies related to social media and games. In this regard, the report released on September 7: Over the last 5-10 years, the development of mobile internet and artificial intelligence, part of the environmental technical system, is often important to determine long-term value for shareholders compared to any part of the ecological system. The metaverse gaming market, which many traditional gaming companies are already trying to capture, is estimated to grow from $44 billion to $131 billion, nearly tripling in value.

Jobs and services will be a big part of the market growth in China. The market for these Metaphor-related services will be $27 billion, and the digitization of physical operations will help even more, opening up a $4 trillion market for companies looking to digitize their business models.

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