A naukri.com initiative
VC Cafe
3w
145
Image Credit: VC Cafe
Q3 2024 Quarterly Emerging Sector Analysis
- Q3 2024 sector-specific reports reveal media & entertainment, gaming, generative AI, crypto, and spatial computing topped the innovation spectrum.
- M&A activity in the media & entertainment sector is up 51% YoY for the 3rd consecutive quarter, with an increasing convergence of content generation, data & identity, and marketing automation, driven by AI.
- In gaming, there has been little growth YoY. Private funding in gaming reached $811 million in Q3 2024, marking a 15% increase from the previous quarter; AI-related companies attracted 22% of total funding in Q3.
- Generative AI has become the talk of the town, enterprises have recognized its value and are investing more heavily. However, concerns around data management, risk mitigation, governance, and value measurement slow down its adoption.
- Cryptocurrency usage and activity have reached all-time highs, indicating growing mainstream adoption and increased utility of blockchain technologies; stablecoins and Defi are the most popular uses for crypto today.
- Spatial computing is experiencing an upturn due to increased availability of head-mounted devices, and the market is expected to reach USD 280.5 billion by 2028, growing at a CAGR of 23.4% from 2023.
- Apple and Meta emerged as market leaders of the spatial computing space; Meta has the most affordable and popular VR headset, the Meta Quest, and is working on project Orion, revolutionary new AR glasses.
- The convergence of these sectors, particularly through AI integration, creates unprecedented opportunities for ambitious founders.
- Remagine Ventures is excited to back early-stage founders building at these intersections and welcomes innovative startups in the space to partner with.
Read Full Article
8 Likes
For uninterrupted reading, download the app