Metaverse is Driven by VR - 221108.pdf
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The metaverse hype-cycle is in full swing, what's really going on? VR is driving presence-driven use cases, led by Meta and Quest 2. The market is big and growing fast, without the promise of Trillions USD to be had.
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Metaverse is Driven by VR - 221108.pdf
- 1. Three things you should consider about the Metaverse 1. It’s all about Presence 2. VR is leading the way 3. There’s a rational market
- 2. 1. The Metaverse is about Presence The Metaverse is a connected, immersive, and interactive 3D environment. Evolution of Technologies enabling Metaverse Use Cases Mobile Static Ubiquitous Today Ubiquitous Soon Ubiquitous Future Each technology enables a deeper sense of presence Presence is the Essence of Metaverse Core-Experience of the Metaverse either: 1) transfers the consciousness to a simulated environment 2) transfers the simulated environment to a consciousness Metaverse experience can be cross-platform (ie Mobile or Web) but the core-experience must enable presence — Virtual or Augmented Reality Augmented Reality Virtual Reality Presence 5-10 years 10-20 years Less Presence More Presence
- 3. 2. VR is leading Presence-driven use cases Launch of Quest 2 enabled presence for millions initiating the metaverse trend Sold more than Xbox (est. 20M by EOY) • Standalone VR What makes Quest 2 successful? • A ff ordable • Fast (120fps) better presence mass-market not sick or tired Games and Experiences > $1B in S/W Revenue > $50M Monthly S/W Sales > 400 Games S/W Titles (Feb ’22) (Feb ’22) (Indy, AAA, etc) Popular Metaverse Use Cases in VR Games Home Fitness Visual Art Training Entertainment Education Productivity Design Healthcare Emerging Business Models DLC IAP UGC OD Serials Subscription
- 4. 3. Addressable Market for VR is big enough without $1-2T pie-in-the-sky estimates “Metaverse” hype promises the moon but addressable market today is smaller • Published in 2016 the Goldman report is still consider the best forecast • Quest 2 demonstrates the base case, software sales will drive new growth • Annual sales should reach tablet-scale in 2-3 years and peak at 1.4B units* *Seeking Alpha: https://bit.ly/3rVLdtI Independent analysis • VR is the fastest growing digital format • Eventually connected VR/AR devices will capture significant marketshare from mobile Big Screens on-the-go, the feeling of being together (presence), will move streaming video and gaming to new types of devices Assuming Meta sells 50M units per year by 2025 their annual store revenue canconservatively hit $10-15B Meta currently has >50% marketshare and store revenue is approx. $50-65M monthly PWC (RoadtoVR): https://bit.ly/3DzKuFh