The “Metaverse in Gaming Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Metaverse in Gaming Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global metaverse in gaming market size was US$ 26.7 billion in 2021. The global metaverse in gaming market size is forecast to reach US$ 478.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 37.8% during the forecast period from 2022 to 2030.
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A collection of virtual worlds called the metaverse is available for exploration and interaction. These virtual worlds have a realistic feel to them because users can engage in a variety of activities and interactions, own their own space, and utility tokens to participate in the in-world economy. Players may immerse themselves in virtual reality while playing games thanks to the metaverse, and more businesses are working on creating digitally immersive platforms to give clients greater gaming experiences.
Factors Influencing Market Growth
The increasing popularity and investment in online gaming drive the global market.
Digital privacy problems and data harvesting may slow down the overall market growth.
The growing advancements in cloud gaming and developing gaming platforms are forecast to offer lucrative opportunities for the global market.
The rising popularity of play-to-earn games and the growing availability of AR and VR headsets boost the global market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Digital services and goods have been quickly adopted as a result of the global COVID-19 epidemic. New immersive digital material has been created as a result of forced lockdowns and the ensuing changes in lifestyle. One such advancement that has greatly profited from the lockdowns and restrictions brought on by the pandemic is the metaverse. People gravitated toward indoor hobbies like playing video games as a result of the strict lockdown, which left a sizable portion of the population idle. While new developments are establishing the foundation for life after the COVID-19 pandemic and have accelerated the creation of online communities. This has successfully increased gaming’s appeal in the metaverse.
Regional Analysis
The Asia Pacific region garnered a substantial market share in 2021 and is forecast to have considerable growth during the forecast period. As a result of the rising gaming population and approval of blockchain technology. In addition, the growing adoption of gaming laptops and computers and the increasing youth population. Additionally, the rising accessibility of affordable AR and VR devices in the country and the increasing number of gaming enthusiasts,
North America is forecast to have considerable growth during the forecast period. As a result of the increased tech-savvy population and the existence of major industry participants.
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Leading Competitors
The leading prominent companies profiled in the global metaverse in gaming market are:
Roblox Corporation
Tencent Holdings Ltd
Epic Games
Magic Leap, Inc.
Facebook, Inc
Lilith Games
ByteDance Ltd
NetEase Inc
Nvidia Corporation
Microsoft
Other Prominent Players
Scope of the Report
The global metaverse in gaming market segmentation focuses on Component, Device, Technology, Age Group, and Region.
Segmentation based on Component
Hardware
Software
Segmentation based on Device
Mobile
Gaming Console
AR Glasses
VR Headsets
PCs
Segmentation based on Technology
NFT
Blockchain
Virtual Reality
Augmented Reality
Mixed Reality
Extended Reality
Internet of Things (IoT)
3D Reconstruction
Segmentation based on Age Group
Below 10 years
11-19 years
20-35 years
Above 35 years
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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