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According to the latest market research study published by P&S Intelligence, the global metaverse market is experiencing growth and is projected to reach USD 1,525.7 billion by 2030.
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1 Metaverse Market Size, Share and Growth Forecast to 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved
2 The metaverse market will power at a rate of 43.7% by the end of this decade, to reach USD 1,525.7 billion by 2030. This is because of the increasing demand for metaverse for purchasing digital assets with the use of cryptocurrencies, as stated by a market research institution, P&S Intelligence. The software category will grow the fastest in the years to come. This is because of the growing requirement for AR/VR mobile app and web app development tools, SDK, AR/VR studios, and cloud-based tools. As a result of the initiation of avatar identity creators, decentralized and centralized gateways, and play-to earn games, the need for software for metaverse platforms is growing at the highest rate. The metaverse market in the APAC will record the highest rate, of over 50%, by the end of this decade, because of the growing usage of AR/VR and the budding digitization in India, Japan, China, and South Korea. While, North America was the market leader in the years gone by. This is because of the growing use of smartphones, increasing requirement for AR/VR in a number of applications, and growing acceptance of smart devices. Also, augmented corporate and individual outlay on digital solutions and novel technologies powers the growth of the market. The gaming category dominated the industry with the largest share of about 35%. The increasing trend of VR games in the industry is helping to surge the suitability of 3D and smart glasses. Education category will grow the fastest, with a rate of 50%, in the years to come. Both programmers and users can modify it by building anything from a virtual sporting ground to a metaverse organization. A teacher can clarify scientific discoveries to students while also bestowing them in an appealing 3D environment. Education specialists can construct virtual landscapes with the use of their lesson plans. The healthcare sector will grow at a rate of over 35%, by the end of this decade. Factors like the increasing pool of patients around the globe, the rising requirement for enhancing patient consequences, and tech advances in the healthcare industry will propel the industry growth in the years to come. For example, in December 2021, DHealth introduced a decentralized metaverse that takes a lot of doctors and patients to a novel world where they can cooperate, 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved
3 communicate in full 3D, and get virtual assets with the sales of their anonymized medical data. It is because of the growing requirement for metaverse in the gaming and entertainment, and the growing usage of metaverse for buying digital assets, the industry will continue to increase in the years to come, at a global level. Request PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ Click Here to Download a Sample Report Metaverse Market Segmentation Segment Analysis, By Component •Hardware •Software Segment Analysis, By Platform •Desktop •Mobile •Console •Others Segment Analysis, By Offering •Virtual Platforms •Asset Marketplaces •Avatars •Financial Services Segment Analysis, By Technology •VR •AR •MR Segment Analysis, By Vertical •Gaming •Manufacturing •Entertainment and Media •Healthcare •Education 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved
4 •Retail •Fashion •Aerospace and Defense •Others Region/Countries Reviewed for this Report •North America Metaverse Market oBy component oBy platform oBy offering oBy technology oBy vertical oBy country – U.S. and Canada •Europe Metaverse Market oBy component oBy platform oBy offering oBy technology oBy vertical oBy country – Germany, U.K., France, Italy, Spain, and Rest of Europe •Asia-Pacific (APAC) Metaverse Market oBy component oBy platform oBy offering oBy technology oBy vertical oBy country – Japan, China, India, South Korea, and Rest of APAC •Latin America (LATAM) Metaverse Market oBy component oBy platform oBy offering oBy technology oBy vertical 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved
5 oBy country – Brazil, Mexico, and Rest of LATAM •Middle East and Africa (MEA) Metaverse Market oBy component oBy platform oBy offering oBy technology oBy vertical oBy country – Saudi Arabia, U.A.E., and Rest of MEA 5 © Prescient & Strategic Intelligence Private Limited. All rights reserved
6 Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 4 ©P&SIntelligence.Allrightsreserved 6 © Prescient & Strategic Intelligence Private Limited. All rights reserved