Metaverse Market Booms Exponentially as The Technology Engulfs Almost Every Sector - Report by Market Research Future (MRFR)

Metaverse Market (2022 to 2030) – Size &
Forecast with Impact Analysis of COVID-19 &
Expert Review
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2030
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)

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Metaverse Market
Metaverse Market Research-2030
It is expected that the Metaverse Market will experience 105,597.5 million by 2030 and will register a
CAGR of 45.2% from 2024 to 2030. This is a simulated digital environment with augmented reality and
virtual reality, mixed reality, blockchain, and others for a better user experience. The increasing gaming
need in people increased during the pandemic due to lockdown and pause in movement orders. The
rising investment in e-commerce and retail will propel market growth in the future. Lack of awareness,
security concerns, and increasing cyber-attacks are the restraining factors and will hinder market
growth.
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Market segmentation
The Metaverse market has been segmented into component, platform, technology, application, and
end-user. Based on the component, the market is divided into hardware and software. The software
market will dominate the market in the forecast period due to leading market players' development of
advanced software and platforms.

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Metaverse Market
The service segment will also grow at a moderate rate due to the rising adoption of the service by
many e-commerce brands. The metaverse market is classified into desktop/laptops, mobile, and
wearables by the platform. The desktop will have a high growth rate in 2021, and in that year, the video
gaming audience will be 2.5 billion. The market will have high growth due to the rising video gaming
audiences have increased the demand for desktop devices for the expenses of virtual reality gaming.
Moreover, the mobile segment is also expected to generate high growth as mobile gaming improves
and the newer technological advancement in mobile phones is the key reason.
The technology of the Metaverse Market is categorized into the blockchain, VR AR, mixed reality, and
others. The VR and AR segment will hold the largest market share in the forecast period. Metaverse
Market by application is fragmented into gaming, online shopping, content creation, social media, and
others. Gaming applications will dominate the market due to the surge in the global adaptation of live
video streaming and gaming. The gaming audiences are adopting advanced and newer technologies like
VR, AR gadgets and digital world services to experience better. Based on the end-user, the market is
bifurcated into consumers and enterprises. The enterprise's segment is divided into BFSI, retail, media
entertainment, education, real estate, aerospace defense, healthcare, engineering, and others.

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Metaverse Market
Metaverse Market Key Players
The key players profiled in the global Metaverse Market report include –
• Meta Platforms Inc.
• Nvidia
• Microsoft Corporation
• Tencent Holdings Ltd.
• Bytedance
• Epic Games
• Netease Inc.
• Roblox Corporation
• Lilith Games
• Nextech AR Solutions Inc.
• Unity Software Inc

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Metaverse Market
Metaverse Market Segmentation
This study estimates revenue growth at global, regional, and country levels and offers an overview of the
latest developments in each of the sub-sectors from 2020 to 2030. For this analysis, MRFR segmented
the global Metaverse market has been segmented based on component, platform, technology,
application, and end user.
By Component
• Hardware
• Software
By Platform
• Desktop/ Laptops
• Mobile
• Wearables

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Metaverse Market
By Technology
• Blockchain
• Vr & Ar
• Mixed Reality
• Others
By Application
• Gaming
• Online Shopping
• Content Creation
• Social Media
• Others
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Metaverse
Market
Regional analysis
The Metaverse Market is analyzed in North
America, Asia Pacific, Europe, South
America, the middle east and Africa. North
America will contribute to the market at a
high rate. The increasing use of the
integrating digital and physical world via the
internet and the increasing traction and
popularity of mixed reality are major factors
driving the market. Businesses in North
America utilize sophisticated virtual reality
and augmented reality to improve the
company processes. The increasing number
of audiences on social media platforms and
growing interest in games are the reason for
enhancing the market in the euro[pwan
region. Other regions, including the Asia
Pacific and Latin America, also showcase
substantial growth due to several propelling
reasons.
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