Metaverse Market Trends

  • Report ID: 3925
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Metaverse Market Trends

Growth Drivers

  • Increasing Convergence of Internet with Physical World
  • Growing Investment for Development of Virtual 3D Universe

Challenges

  • Issues with Cyber Security
  • Lack of Availability of Advanced Technology to the Entire Population

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Research and Development Expenditure (% of GDP), 2015-2018

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market. CLICK TO DOWNLOAD SAMPLE REPORT

Base Year

2024

Forecast Year

2025-2037

CAGR

46.4%

Base Year Market Size (2024)

USD 120.94 billion

Forecast Year Market Size (2037)

USD 17.16 trillion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 3925
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of metaverse is estimated at USD 168.64 billion.

Metaverse Market size was over USD 120.94 billion in 2024 and is anticipated to cross USD 17.16 trillion by 2037, growing at more than 46.4% CAGR during the forecast period i.e., between 2025-2037.

Europe industry is poised to hold largest revenue share by 2037, led by growing adoption of advanced technology in the region.

The major players in the market are Hyperlink InfoSystem, Tencent Holdings Ltd., Infosys Limited, Zensar Technologies Limited, Accenture plc, Net Ease Inc., and others.
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