Digital Human Avatar Market Research Report by Emergen Research

The global digital human avatar market size is expected to reach USD 527.58 Billion in 2030 and register a revenue CAGR of 46.4% over the forecast period, according to latest analysis by Emergen Research. Robust global digital human avatar market revenue growth can be attributed to increasing efforts by customer-centric firms to provide emotionally engaging experience to customers. Integration of conversational intelligence of virtual human avatar enables possibility of a scalable interaction between a human being and the avatar, thus allowing directed approach to understand a customer’s needs.

Get Free Sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/897

Growth Projections

Rising demand for digital human influencers is expected to fuel market revenue growth to a major extent over the forecast period, due to better reliability of digital human avatars in achieving intended objectives. Companies spend significant amounts of money to promote their products through various marketing channels, including TV commercials, where in a short time the company has to garner trust, build interest, and make the pitch. On the other hand, through proper execution and management, digital human avatars could promote and advertise a product by subtly talking regarding relatable issues (such as, in case of an antidepressant drug, digital influencers will talk about depression). Also, unlike live influencers, all actions of digital influencers are controlled by the concerned organization.

Current Trends and Innovations

Rising focus by leading IT companies worldwide on development of metaverse, which represents an online three-dimensional digital world with virtual objects, land, and real estate, and consists of virtual spaces that users can explore via an avatar, which they create. Digital human avatars are considered a promising approach in the metaverse for a video game’s Non-Playing Characters (NPCs) that can respond and react according to users’ actions. In the metaverse, digital human avatars can also be deployed as retail store attendants and waiters in virtual coffee shops, among others.

Geographical Outlook

Digital human avatar market in North America accounted for significantly robust revenue share in 2020, attributed to increasing deployment of advanced technologies such as conversational AI, deep learning, and Natural Language Processing (NLP), and increasing venture funding initiatives in countries in the region. Additionally, presence of leading firms such as UneeQ and Microsoft Corporation is supporting growth of the market in the region.

Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/digital-human-avatar-market

Emergen Research has segmented the global digital human avatar market on the basis of product type, industry verticals, and region:

· Product Type Outlook (Revenue, USD Billion; 2018–2030)

o Interactive Digital Human Avatar

o Non-Interactive Digital Human Avatar

· Industry Verticals Outlook (Revenue, USD Billion; 2018–2030)

o BFSI

o Education

o Retail

o Healthcare

o Automotive

o IT & Telecommunications

o Gaming & Entertainment

o Others

Purchase Your Exclusive Copy@ https://www.emergenresearch.com/select-license/897

· Regional Outlook (Revenue, USD Billion; 2018–2030)

o North America

a. U.S.

b. Canada

c. Mexico

o Europe

a. Germany

b. U.K.

c. France

d. Italy

e. Spain

f. Sweden

g. BENELUX

h. Rest of Europe

o Asia Pacific

a. China

b. India

c. Japan

d. South Korea

e. Rest of APAC

o Latin America

a. Brazil

b. Rest of LATAM

o Middle East & Africa

a. Saudi Arabia

b. UAE

c. South Africa

d. Israel

e. Rest of MEA

Explore Related Reports by Emergen Research:

The global metaverse in finance market size was significantly robust in 2020 and is expected to register rapidly inclining revenue CAGR over the forecast period. Rapid adoption of metaverse initiatives by brokerage companies and banks to improve the business offerings, emergence of cryptocurrency as a large-scale alternative financial system, and growing focus of fintech and smaller financial companies on developing their own digital financial ecosystems are key factors expected to drive market revenue growth over the forecast period.

The global metaverse in healthcare market size was significantly robust in 2020 and is expected to register a rapid revenue CAGR over the forecast period. Some key factors driving steady market revenue growth include integration of Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI) in the healthcare sector to improve efficiency of medical equipment, enable provision of hands-on training to personnel, and diagnose and treat certain conditions.

The global metaverse in automotive market size was significantly robust in 2020 and is expected to register a rapid revenue CAGR over the forecast period. Growing focus on leveraging metaverse technology in car to create human machine interface, emerging opportunities for contextual advertising for automotive dealers, rising trend of online car buying, and increasing efforts undertaken by major automotive companies to develop their own metaverse platforms are some key factors expected to fuel market revenue growth over the forecast period.

The global metaverse in gaming market size was significantly robust in 2020 and is expected to register a rapidly inclining CAGR during the forecast period. Rapidly rising popularity of play-to-earn games, increasing efforts to create immersive gaming experiences, and growing investment to develop different versions of metaverse are some key factors expected to drive market revenue growth over the forecast period.

The global digital water market size reached USD 7.96 Billion in 2020 and is expected to register a revenue CAGR of 12.1% during the forecast period. Increasing need for better water services is resulting in growing demand for digital water services, which is a major factor expected to drive market revenue growth over the forecast period.

The global Computer-Generated Imagery (CGI) market size reached USD 3.18 Billion in 2020 and is expected to register a revenue CAGR of 19.9% during the forecast period. Increasing demand for more cost-effective animation tools and increasing need to improve brand credibility are some of the key factors expected to continue to drive global computer-generated imagery market revenue growth during the forecast period.

The global emerging memory technologies market size reached USD 4.17 Billion in 2020 and is expected to register a revenue CAGR of 30.7% during the forecast period. Increasing demand for high-end and more advanced devices and increasing need for time saving in data transferring are some of the key factors expected to continue to drive global emerging memory technologies market revenue growth during the forecast period.

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services

Read Full Press Release@ https://www.emergenresearch.com/press-release/global-digital-human-avatar-market