Market Overview:
The global metaverse market is expected to exhibit a CAGR of 40.07% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
A metaverse is a digital reality that incorporates social media, online gaming, augmented reality (AR), virtual reality (VR), and cryptocurrencies for enabling users to interact virtually. It is persistent, self-sustaining, infinite, interoperable, and provides real-time live experiences. At present, due to the growing number of individuals relying on online shopping and the increasing online shopping apps, there is a rise in the demand for metaverse across the globe.
Metaverse Market Trends:
There is an increase in demand for online games on account of rapid digitization, rising reliance on smartphones, and high-speed internet connectivity. This, coupled with significant growth in the gaming industry, represents one of the major factors positively influencing the sales of metaverse around the world. The product sales can also be attributed to the growing number of gaming zones in commercial areas. In addition, the rising traction of virtual goods and digital currencies is catalyzing the demand for metaverse in non-fungible tokens (NFTs). Moreover, the increasing adoption of the metaverse in small and medium-scale enterprises (SMEs) allows individuals to have real-time interactions and experiences on account of rising cloud-based solutions and remote working models, which is contributing to the market growth. Furthermore, the metaverse is employed in the manufacturing industry to monitor and determine production processes and indicate repairs or maintenance of a product. Besides this, the increasing adoption of a metaverse in the banking, financial services and insurance (BFSI) industry for minimizing the interaction between agents and customers and streamlining banking operations is creating a positive outlook for the market. Apart from this, it is used for designing, manufacturing, and testing critical components of an aircraft, and significant growth in the aerospace industry is offering lucrative growth opportunities to key players operating in the industry.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global metaverse market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, technology, application and industry vertical.
Breakup by Component:
- Hardware
- Software
- Service
Breakup by Technology:
- Blockchain
- Virtual Reality and Augmented Reality
- Mixed Reality
- Others
Breakup by Application:
- Gaming
- Online Shopping
- Content Creation and Social Media
- Events and Conference
- Digital Marketing
- Testing and Inspection
- Others
Breakup by Industry Vertical:
- BFSI
- Retail
- Media and Entertainment
- Education
- Aerospace and Defense
- Automotive
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alibaba Group Holding Limited, Decentraland, Electronic Arts Inc., Facebook Inc., Nextech AR Solutions Inc., Nvidia Corporation, Roblox Corporation, The Sandbox and Unity Technologies.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Component, Technology, Application, Industry Vertical, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Alibaba Group Holding Limited, Decentraland, Electronic Arts Inc., Facebook Inc., Nextech AR Solutions Inc., Nvidia Corporation, Roblox Corporation, The Sandbox and Unity Technologies. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global metaverse market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global metaverse market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global metaverse market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Metaverse Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Service
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Technology
7.1 Blockchain
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Virtual Reality and Augmented Reality
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Mixed Reality
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Gaming
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Online Shopping
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Content Creation and Social Media
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Events and Conference
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Digital Marketing
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Testing and Inspection
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Industry Vertical
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Retail
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Media and Entertainment
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Education
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Aerospace and Defense
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Automotive
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Alibaba Group Holding Limited
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Decentraland
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Electronic Arts Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Facebook Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Nextech AR Solutions Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Nvidia Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Roblox Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 The Sandbox
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Unity Technologies
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
List of Figures
Figure 1: Global: Metaverse Market: Major Drivers and Challenges
Figure 2: Global: Metaverse Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Metaverse Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Metaverse Market: Breakup by Component (in %), 2021
Figure 5: Global: Metaverse Market: Breakup by Technology (in %), 2021
Figure 6: Global: Metaverse Market: Breakup by Application (in %), 2021
Figure 7: Global: Metaverse Market: Breakup by Industry Vertical (in %), 2021
Figure 8: Global: Metaverse Market: Breakup by Region (in %), 2021
Figure 9: Global: Metaverse (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Metaverse (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Metaverse (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Metaverse (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Metaverse (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Metaverse (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Metaverse (Blockchain) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Metaverse (Blockchain) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Metaverse (Virtual Reality and Augmented Reality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Metaverse (Virtual Reality and Augmented Reality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Metaverse (Mixed Reality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Metaverse (Mixed Reality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Metaverse (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Metaverse (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Metaverse (Gaming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Metaverse (Gaming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Metaverse (Online Shopping) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Metaverse (Online Shopping) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Metaverse (Content Creation and Social Media) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Metaverse (Content Creation and Social Media) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Metaverse (Events and Conference) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Metaverse (Events and Conference) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Metaverse (Digital Marketing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Metaverse (Digital Marketing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Metaverse (Testing and Inspection) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Metaverse (Testing and Inspection) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Metaverse (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Metaverse (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Metaverse (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Metaverse (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Metaverse (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Metaverse (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Metaverse (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Metaverse (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Metaverse (Education) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Metaverse (Education) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Global: Metaverse (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Global: Metaverse (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Global: Metaverse (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Global: Metaverse (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Global: Metaverse (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Global: Metaverse (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: North America: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: North America: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: United States: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: United States: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Canada: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Canada: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Asia-Pacific: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Asia-Pacific: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: China: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: China: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Japan: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Japan: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: India: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: India: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: South Korea: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: South Korea: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Australia: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Australia: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Indonesia: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Indonesia: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Europe: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Europe: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Germany: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Germany: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: France: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: France: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: United Kingdom: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: United Kingdom: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Italy: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Italy: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Spain: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Spain: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Russia: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Russia: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Latin America: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Latin America: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Brazil: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Brazil: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Mexico: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 94: Mexico: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 95: Others: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 96: Others: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 97: Middle East and Africa: Metaverse Market: Sales Value (in Million US$), 2016 & 2021
Figure 98: Middle East and Africa: Metaverse Market: Breakup by Country (in %), 2021
Figure 99: Middle East and Africa: Metaverse Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 100: Global: Metaverse Industry: SWOT Analysis
Figure 101: Global: Metaverse Industry: Value Chain Analysis
Figure 102: Global: Metaverse Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Metaverse Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Metaverse Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Metaverse Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Metaverse Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Metaverse Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 6: Global: Metaverse Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Metaverse Market: Competitive Structure
Table 8: Global: Metaverse Market: Key Players