According to IDC, the world’s leading consulting and market research group for new information technologies Meta will lose its leading position in the field of virtual reality in the coming years.

Meta may soon lose the top spot in the market.

Experts confirm it, the market share of the virtual reality industry has been steadily increasing crescendo. With in particular an exponential growth in VR headset deliveries on a global scale during the first quarter of 2022. In figures, 241.6% more compared to the same period last year. Additionally, VR headset shipments are expected to increase further throughout 2022 to reach 13.9 million. This represents an increase of approximately 26.6% compared to 2021.

So far, Meta largely dominates the market with the growing popularity of Quest 2 headphones. According to IDC, Mark Zuckerberg’s company has captured 90% of the market. While its great rival the Pico headphones from ByteDance is very far behind it with only 4.5% of the market share.

However, despite these figures, the consultancy and research group indicates that in the coming quarters ByteDance’s assault on the European market is sure to be a game-changer. Indeed, by deciding to expand beyond the Asian continent, Zhang Yiming’s business can only attract a much wider audience. And maybe finally have all the strings to his bow to dethrone his main competitor.

Other very promising companies including HTC, DPVR and iQIYI are also expected to see significant growth. And this, even if they currently hold less than 4% market share. Something that should change significantly in the years to come.

• Why could Meta lose its place?

If Meta is the juggernaut of digital fact, it’s far specifically way to the very low priced fee of its VR headsets as compared to its competition. On the opposite hand, to reap the bottom fee available in the marketplace and appeal to new entrants, the organization simplest gives exceptional content. This is already a bad point.
Moreover, similarly to making an investment withinside the improvement of the metaverse, Meta favors the promoting of its cloth to the detriment of profitability. A state of affairs in order to glaringly now no longer be possible withinside the lengthy term. As Jitesh Ubrani, the studies director at IDC, factors out.
This is why the company has already deliberate to release a brand new technology of headphones in order to permit it to provide a lot greater green equipment. And especially in order to generate better income. This can even growth common promoting charges throughout the marketplace.
On the opposite hand, the fee growth may want to nicely have an impossible effect at the scoring of Meta. Especially due to the fact that Pico, Sony and different marketplace gamers can even release their new technology headsets through 2023 on the identical time as Meta.
At the identical time, the advent of the large Apple available in the marketplace with its blended fact headset can even create an upheaval withinside the marketplace. According to Ramon Llamas, studies director in Augmented and Virtual Reality at IDC, all eyes can simplest be at the bitten apple logo whilst it places its helmet available in the marketplace.
If it’s far a secure guess that the helmet will especially enchantment to early adopters and Apple followers, understanding the fast traits withinside the large’s technologies, its helmets must right away turn out to be critical competition to marketplace supporters.

Never did Mark Zuckerberg say that constructing the metaverse might be clean or quick. He turned into watching for the task might be difficult or even efficiently poached a few a hundred engineers from Apple. Reality Labs, tasked with constructing the metaverse suggested a quintupling of its sales from 3 years ago, even because it published a lack of a touch over $10 billion at the same time as constructing Zuckerberg’s imaginative and prescient of the metaverse. While the losses had been anticipated, the disapproval from buyers, in only a few months after the organisation pivoted to the metaverse, is pretty the shock.
On Thursday, Meta inventory plummeted from $323 to $237 on the day’s losing its valuation from nearly $900 billion to $661 billion in only a be counted of hours, Business Insider suggested. This is the most important wipeout in U.S. company history, overshadowing Meta’s very own crumble in July 2018, while the organisation, then referred to as Facebook, dropped $119 billion in valuation.
Fortune additionally suggested that Meta’s introduced income of $3.sixty seven consistent with percentage had been properly quick of the $3.eighty five consistent with percentage that buyers had been awaiting, at the same time as the organisation is likewise awaiting timid income of up to $29 billion withinside the subsequent zone as in opposition to the marketplace expectation of $30.15 billion. While this drop in income is being attributed to Apple’s privateness coverage that has impacted social media gamers at large, the drop in inventory charge is likewise a signal that Meta is not likely to discover a manner out of this every time soon.

Adding to the corporation’s woes has been the first-ever drop withinside the overall quantity of its customers because it began out operations. Fortune additionally stated that Meta’s every day energetic consumer numbers stood at 1.ninety three billion as in opposition to investor expectancies of 1.ninety five billion sparking fears if the corporation had reached saturation in its markets. The metaverse might be one way, the corporation ought to upload greater customers withinside the future, however Meta, despite its deep pockets, wishes to make a compelling case for spending billions constructing it to carry its traders on board with its vision. For now, it does seem that Facebook rushed its rebranding to Meta to paper over issues raised through whistleblowers and distance its merchandise from the bad exposure that they had been receiving them. The drop in valuation has additionally affected Zuckerberg as his non-public really well worth dropped through $31 billion pushing him to tenth area withinside the Bloomberg Billionaires Index, after a yr that has been truly top for Big Tech firms. Google’s figure corporation, Alphabet these days introduced a 20-for-1 inventory cut up after its stocks had been soaring round the $2,800 mark for the reason that October final yr. How will Zuckerberg’s pivot pan out withinside the corporation’s prefer might be exciting to look withinside the months to come.