The global Metaverse market size is projected to reach USD 28 Billion by 2028, from 510 USD Million in 2022, at a CAGR of 95% during 2022-2028. A metaverse is a term used to describe the internet as a 3D virtual living space.Gaming, content creation, learning, social interaction, training, and virtual shopping are all expected to grow at a significant rate in the metaverse market. Metaverse offers communication innovations, new branding opportunities, and assistance in developing and promoting a virtual economy to businesses and educational institutions. These factors are expected to accelerate the metaverse market's growth.
Trends Influencing the Growth of Metaverse Market Segments
The pandemic has hastened the evolution of the internet, resulting in the 'Metaverse,' where cyberspace becomes more of an interactive 3D space with business and networking, as well as content that corresponds to the worlds in popular games such as Roblox. The current global crisis has hastened the development of virtual platforms such as the metaverse, as well as some of the cultural trends and behaviors required for metaverse creation. Pandemic has also accelerated the rise of virtual communities as a key lifestyle space for incarcerated consumers, such as interactive gaming worlds and mixed reality activations. The metaverse market is expected to grow as a result of this factor.
The recent covid -19 pandemic has forced educational institutions to acknowledge the importance of remote or distance learning. The metaverse's benefits for improving communication can provide engaging and interactive experiences for all users. Thanks to the graphically rich 3D virtual environments and immersive experiences, participants could discover opportunities for dynamic and engaging interactions among themselves. Instead of interacting with others via a computer screen, microphone, and speakers, participants can use virtual offices or classrooms. Users will be able to interact with lifelike digital avatars of other participants in a 360-degree view while exploring virtual workspaces or learning spaces. This factor is expected to fuel the metaverse market's expansion.
As the Metaverse becomes more widely implemented, businesses are beginning to use the three-dimensional platform of e-commerce to interact with life-like virtualized ecosystems for an immersive experience. Customers and merchants in a virtual ecosystem can interact with e-commerce businesses to regulate their trade by performing product inspections, closing deals, and negotiating, among other things. E-commerce businesses can improve their terms with customers by using interactive and realistic marketing tactics. This, in turn, is expected to propel the metaverse market forward.
The growth of the metaverse market is expected to be aided by the expansion of the metaverse on social media platforms. A platform based on Metaverse allows people on social media to have an immersive experience. Virtual reality and augmented reality, when used together, provide a more lifelike experience than current social media features. Users act as real-time interoperable content creators in Metaverse's social media content, which is graphically rich.
Metaverse Market Share Analysis
Based on application, The game industry is expected to be the most profitable. The recent evolution of the gaming industry has resulted in metaverse games. In order to participate in next-generation gaming, players are venturing into the real world of Metaverse. While Metaverse can be centralized or decentralized, gaming companies are focusing their efforts on decentralized projects because decentralization is the way of the future.
Based on type, The desktop market is predicted to be the most profitable. The market is expanding as video game revenue rises and the number of people who play video games grows around the world. There is a huge demand for desktop devices that can be used to play virtual reality games as the number of people who play video games grows.
Based on region, Due to a variety of factors, including an increased emphasis on developing metaverse platforms for the education industry, increased focus on converging digital and physical worlds through the internet, and more, North America is expected to be the most lucrative.
Metaverse Market By Application
Metaverse Market By Region
Metaverse Market By Company
|
Report Metric |
Details |
|
Report Name |
Metaverse Market |
|
Market size value in 2022 |
USD 28 Million |
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Revenue forecast in 2028 |
USD 510 Billion |
|
Growth Rate |
95% |
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Base year considered |
2022 |
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Forecast Period |
2023-2028 |
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By Type |
VR Headsets, Smart Glasses, Software |
|
By Application |
Content Creation, Game, Social, Conference, Education, Industrial |
|
Report Coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
|
Segments Covered |
By Type, Application, and Region |
|
Geographic Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Ans. The global Metaverse market size is projected to reach USD 28 Billion by 2028, from 510 USD Million in 2022, at a CAGR of 95% during 2022-2028.
Ans. Some of the major companies are Occidental Chemical Corporation, Solvay, Tangshan Sanyou Group, TETRA Technologies, Tiger Calcium Services, Qingdao Huadong Calcium Producing, Ward Chemical, Weifang Haibin Chemical, Zirax.
Ans. Yes, the report includes a COVID-19 impact analysis. Also, it is further extended into every individual segment of the report.
Table Of Contents
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Metaverse Market Size Growth Rate by Platform (2021-2027)
1.2.2 Mobile
1.2.3 Desktop
1.3 Market by Application
1.3.1 Global Metaverse Market Share by Application (2021-2027)
1.3.2 Game
1.3.3 Social
1.3.4 Conference
1.3.5 Content Creation
1.3.6 Others
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Metaverse Market Size
2.2 Metaverse Market Size by Regions
2.2.1 Metaverse Growth Rate by Regions (2021-2027)
2.2.2 Metaverse Market Share by Regions (2021-2027)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Use Cases
3 Key Players
3.1 Metaverse Revenue by Players (2020-2021)
3.2 Metaverse Key Players Headquaters and Area Served
3.3 Key Players Metaverse Product/Solution/Service
3.4 Date of Enter into Metaverse Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown by Platform and by Application
4.1 Global Metaverse Market Size by Platform (2021-2027)
4.2 Global Metaverse Market Size by Application (2021-2027)
5 North America
5.1 North America Metaverse Market Forecast (2021-2027)
5.2 Metaverse Key Players in North America
5.3 North America Metaverse Market Size by Platform
5.4 North America Metaverse Market Size by Application
6.4.4 Canada
6 Europe
6.1 Europe Metaverse Market Forecast (2021-2027)
6.2 Metaverse Key Players in Europe
6.3 Europe Metaverse Market Size by Platform
6.4 Europe Metaverse Market Size by Application
7 Japan
7.1 Japan Metaverse Market Forecast (2021-2027)
7.2 Metaverse Key Players in Europe
7.3 Japan Metaverse Market Size by Platform
7.4 Japan Metaverse Market Size by Application
8 Rest of World
8.1 China
8.1.1 China Metaverse Market Analysis
8.1.2 Key Players in China
8.2 Southeast Asia
8.2.1 Southeast Asia Metaverse Market Analysis
8.2.2 Key Players in Southeast Asia
8.3 India
8.3.1 India Metaverse Market Analysis
8.3.2 Key Players in India
9 International Player Profiles
9.1 Roblox
9.1.1 Roblox Company Details
9.1.2 Roblox Description and Business Overview
9.1.3 Roblox Metaverse Introduction
9.1.4 Roblox Revenue in Metaverse Business (2020-2021)
9.1.5 Roblox Recent Development
9.2 Facebook
9.2.1 Facebook Company Details
9.2.2 Facebook Description and Business Overview
9.2.3 Facebook Metaverse Introduction
9.2.4 Facebook Revenue in Metaverse Business (2020-2021)
9.2.5 Facebook Recent Development
9.3 ByteDance
9.3.1 ByteDance Company Details
9.3.2 ByteDance Description and Business Overview
9.3.3 ByteDance Metaverse Introduction
9.3.4 ByteDance Revenue in Metaverse Business (2020-2021)
9.3.5 ByteDance Recent Development
9.4 Tencent
9.4.1 Tencent Company Details
9.4.2 Tencent Description and Business Overview
9.4.3 Tencent Metaverse Introduction
9.4.4 Tencent Revenue in Metaverse Business (2020-2021)
9.4.5 Tencent Recent Development
9.5 NetEase
9.5.1 NetEase Company Details
9.5.2 NetEase Description and Business Overview
9.5.3 NetEase Metaverse Introduction
9.5.4 NetEase Revenue in Metaverse Business (2020-2021)
9.5.5 NetEase Recent Development
9.6 Lilith
9.6.1 Lilith Company Details
9.6.2 Lilith Description and Business Overview
9.6.3 Lilith Metaverse Introduction
9.6.4 Lilith Revenue in Metaverse Business (2020-2021)
9.6.5 Lilith Recent Development
9.7 miHoYo
9.7.1 miHoYo Company Details
9.7.2 miHoYo Description and Business Overview
9.7.3 miHoYo Metaverse Introduction
9.7.4 miHoYo Revenue in Metaverse Business (2020-2021)
9.7.5 miHoYo Recent Development
9.8 ZQGame
9.8.1 ZQGame Company Details
9.8.2 ZQGame Description and Business Overview
9.8.3 ZQGame Metaverse Introduction
9.8.4 ZQGame Revenue in Metaverse Business (2020-2021)
9.8.5 ZQGame Recent Development
10 Market Dynamics
10.1 Industry Trends
10.2 Market Drives
10.3 Market Challenges
10.4 Market Restraints
11 Key Findings in This Report
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.2 Data Source
12.2 Disclaimer
12.3 Author Details
List of Tables
Table 1. Global Metaverse Market Size Growth Rate by Platform (2021-2027) (US$ Million)
Table 2. Key Players of Mobile
Table 3. Key Players of Desktop
Table 4. Global Metaverse Market Size Growth by Application (2021-2027) (US$ Million)
Table 5. Global Metaverse Market Size by Regions (2021-2027) (US$ Million)
Table 6. Global Metaverse Market Share by Regions (2021-2027)
Table 7. Market Top Trends
Table 8. Market Use Cases
Table 9. Global Metaverse Revenue by Players (2020-2021) (US$ Million)
Table 10. Global Metaverse Market Share by Players (2020-2021)
Table 11. Key Players Headquarters and Area Served
Table 12. Key Players Metaverse Product Solution and Service
Table 13. Date of Enter into Metaverse Market
Table 14. Mergers & Acquisitions, Expansion Plans
Table 15. Global Metaverse Market Size by Platform (2021-2027) (US$ Million)
Table 16. Global Metaverse Market Size Share by Platform (2021-2027)
Table 17. Global Metaverse Market Size by Application (2021-2027) (US$ Million)
Table 18. Global Metaverse Market Size Share by Application (2021-2027)
Table 19. North America Key Players Metaverse Revenue (2020-2021) (US$ Million)
Table 20. North America Key Players Metaverse Market Share (2020-2021)
Table 21. North America Metaverse Market Size by Platform (2021-2027) (US$ Million)
Table 22. North America Metaverse Market Share by Platform (2021-2027)
Table 23. North America Metaverse Market Size by Application (2021-2027) (US$ Million)
Table 24. North America Metaverse Market Share by Application (2021-2027)
Table 25. Europe Key Players Metaverse Revenue (2020-2021) (US$ Million)
Table 26. Europe Key Players Metaverse Market Share (2020-2021)
Table 27. Europe Metaverse Market Size by Platform (2021-2027) (US$ Million)
Table 28. Europe Metaverse Market Share by Platform (2021-2027)
Table 29. Europe Metaverse Market Size by Application (2021-2027) (US$ Million)
Table 30. Europe Metaverse Market Share by Application (2021-2027)
Table 31. Japan Key Players Metaverse Revenue (2020-2021) (US$ Million)
Table 32. Japan Key Players Metaverse Market Share (2020-2021)
Table 33. Japan Metaverse Market Size by Platform (2021-2027) (US$ Million)
Table 34. Japan Metaverse Market Share by Platform (2021-2027)
Table 35. Japan Metaverse Market Size by Application (2021-2027) (US$ Million)
Table 36. Japan Metaverse Market Share by Application (2021-2027)
Table 37. Key Players in China
Table 38. Key Players in Southeast Asia
Table 39. Key Players in India
Table 40. Roblox Company Details
Table 41. Roblox Description and Business Overview
Table 42. Roblox Metaverse Product
Table 43. Roblox Revenue in Metaverse Business 2020 and 2021
Table 44. Roblox Recent Development
Table 45. Facebook Company Details
Table 46. Facebook Description and Business Overview
Table 47. Facebook Metaverse Product
Table 48. Facebook Revenue in Metaverse Business 2020 and 2021
Table 49. Facebook Recent Development
Table 50. ByteDance Company Details
Table 51. ByteDance Description and Business Overview
Table 52. ByteDance Metaverse Product
Table 53. ByteDance Revenue in Metaverse Business 2020 and 2021
Table 54. ByteDance Recent Development
Table 55. Tencent Company Details
Table 56. Tencent Description and Business Overview
Table 57. Tencent Metaverse Product
Table 58. Tencent Revenue in Metaverse Business 2020 and 2021
Table 59. Tencent Recent Development
Table 60. NetEase Company Details
Table 61. NetEase Description and Business Overview
Table 62. NetEase Metaverse Product
Table 63. NetEase Revenue in Metaverse Business 2020 and 2021
Table 64. NetEase Recent Development
Table 65. Lilith Company Details
Table 66. Lilith Description and Business Overview
Table 67. Lilith Metaverse Product
Table 68. Lilith Revenue in Metaverse Business 2020 and 2021
Table 69. Lilith Recent Development
Table 70. miHoYo Company Details
Table 71. miHoYo Description and Business Overview
Table 72. miHoYo Metaverse Product
Table 73. miHoYo Revenue in Metaverse Business 2020 and 2021
Table 74. miHoYo Recent Development
Table 75. ZQGame Company Details
Table 76. ZQGame Description and Business Overview
Table 77. ZQGame Metaverse Product
Table 78. ZQGame Revenue in Metaverse Business 2020 and 2021
Table 79. ZQGame Recent Development
Table 80. Metaverse Market Trends
Table 81. Metaverse Market Drivers
Table 82. Metaverse Market Challenges
Table 83. Metaverse Market Restraints
Table 84. Research Programs/Design for This Report
Table 85. Key Data Information from Secondary Sources
Table 86. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Metaverse Market Share by Platform in 2021 & 2027
Figure 2. Mobile Features
Figure 3. Desktop Features
Figure 4. Global Metaverse Market Share by Application in 2021 & 2027
Figure 5. Game Case Studies
Figure 6. Social Case Studies
Figure 7. Conference Case Studies
Figure 8. Content Creation Case Studies
Figure 9. Others Case Studies
Figure 10. Metaverse Report Years Considered
Figure 11. Global Metaverse Market Size and Growth Rate (2020-2027) (US$ Million)
Figure 12. Global Metaverse Market Share by Regions (2020-2027)
Figure 13. Global Metaverse Market Share by Players in 2021
Figure 14. Global Metaverse Market Size Market Share by Platform (2021-2027)
Figure 15. Global Metaverse Market Size Market Share by Application (2021-2027)
Figure 16. Global Metaverse Revenue Market Share by Application in 2021
Figure 17. North America Metaverse Market Size 2021-2027 (US$ Million)
Figure 18. Europe Metaverse Market Size 2021-2027 (US$ Million)
Figure 19. Japan Metaverse Market Size 2021-2027 (US$ Million)
Figure 20. Metaverse Market Size in China (2021-2027) (US$ Million)
Figure 21. Metaverse Market Size in Southeast Asia (2021-2027) (US$ Million)
Figure 22. Metaverse Market Size in India (2021-2027) (US$ Million)
Figure 23. Bottom-up and Top-down Approaches for This Report
Figure 24. Data Triangulation
Figure 25. Key Executives Interviewed
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