Metaverse in Gaming Market to expand at a CAGR of 43% by 2030- Report by Market Research Future (MRFR)
Research Reports
Sep 19, 2023
Market Research Future Insights:
According to MRFR analysis, Metaverse in Gaming Market is anticipated to reach USD 40 billion by 2030, at a 43% CAGR during forecast period 2021-2030. A digital platform that combines virtual reality and the real world is called the metaverse. Eventually, a form of technology known as blockchain will connect individuals and game development companies. The use of blockchain technology to support the growth of the gaming industry across many platforms is becoming increasingly popular. Additionally, metaverse is a well-known virtual reality open world that gives the online gaming platform a variety of choices for the creation of VR and AR-related games. Companies like Apple have ideally begun research and development work on metaverse projects that will combine virtual reality and augmented reality to bring a headset to market.
Additionally, Meta has declared a ten-billion-dollar commitment over the next few years to create metaverse technologies. In the foreseeable future, these investments will provide the online gaming sector a boost.
The gaming industry has seen a dramatic increase of game platforms since the advent of VR and AR. The development of virtual reality projection technology, which gives consumers a consistent experience in the virtual world, is establishing new trends for the expansion of the gaming business. For instance, Meta’s virtual reality division, Oculus, made ground-breaking technological achievements. Since October 2020, the business expects to have sold 10 million Quest 2 headsets worldwide.
Therefore, Meta is prepared to add new gaming and non-gaming features to the metaverse. To seize the Metaverse in Gaming Market potential, Meta is also collaborating with some of the most well-known Virtual Reality game creators, including Downpour Interactive, BigBox, and Beat Games.
Users’ personal user data will likely be collected by wearable metaverse technology. Eye tracking devices, which have the potential to intrude on a person’s privacy, can be used with both AR and VR technology to collect data. Additionally, wearable technology can gather biometric information from the immediate area, which compromises the privacy of others in the immediate area. Given the circumstances, it is projected that the development of AR and VR technology is likely to hamper market growth.
Click Here to Get Sample Premium Report
Key Players:
Metaverse in Gaming Market Key Players:
- Roblox Corporation
- Tencent Holdings Ltd
- Epic Games
- Magic Leap, Inc.
- Facebook, Inc
Scope of the Report – Metaverse in Gaming Market:
|
Report Metrics |
Details |
|
Market Size by 2030 |
USD 40 Billion |
|
CAGR during 2021-2030 |
43% |
|
Base Year |
2019 |
|
Forecast |
2021-2030 |
Buy Now Premium Research Report – Get Comprehensive Market Insights.
Segmentation Analysis:
The component, device type, technology, age group, and region-based segments have been used to divide the global market for metaverse in gaming.
The metaverse gaming market has been divided into hardware and software based on component.
The PC, smartphone, and VR headset segments make up the global market for metaverse gaming.
Blockchain, NFT, virtual reality, augmented reality, mixed reality, and extended reality are the different technology-based market segments.
The global Metaverse in Gaming Market has been divided into age groups of below 10, between 11 and 19, between 20 and 35, and over 35.
Browse In-depth Market Research Report (141 Pages, Charts, Tables, Figures) Metaverse in Gaming Market– https://www.marketresearchfuture.com/reports/metaverse-in-gaming-market-10753
Regional Analysis:
The North America, Europe, Asia-Pacific, Middle East & Africa, and South America regions make up the global gaming market for the metaverse. With the existence of major IT firms like Google, NVIDIA, Microsoft, and others, the growth of the metaverse has been aided. Additionally, it is thought that North America’s dominance is largely due to the increased acceptance of blockchain technology. Additionally, the rise in popularity of metaverse-based video games like Beat Sabre, Pistol Whip, Population: One, and others is having an impact on the market for metaverse in the North American gaming industry.
Due to their large populations and the adoption of blockchain technology, the rest of the world’s regions, including Europe and Asia-Pacific, are predicted to have a slow but steady expansion.
Due to the increasing number of players, the global market for metaverse in gaming has experienced substantial increase over the projected period. The metaverse market is occupied by several local, regional, and international firms that are all vying for a sizeable portion of the entire market. To fuel organic growth and boost their market shares, the major market players are spending in R&D activities.
Related Reports:
ZigBee Market Growth Analysis and Research Report – Forecast to 2030
Unified Communication as a Service Market Research Report – Global Forecast till 2030
Facility Management Services Market Research Report Global Forecast till 2030
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact Information:
Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
Research Newswire, English