Asia Pacific Industrial Metaverse Market Size & Outlook
Asia Pacific industrial metaverse market, 2018-2030 (US$M)
Related Markets
Asia Pacific industrial metaverse market highlights
- The Asia Pacific industrial metaverse market generated a revenue of USD 4,965.1 million in 2023.
- The market is expected to grow at a CAGR of 37.6% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,965.1 million |
| Market revenue in 2030 | USD 46,271.9 million |
| Growth rate | 37.6% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Hardware, Services |
| Key market players worldwide | Bentley Systems Inc Ordinary Shares - Class B, Dassault Systemes SE, Microsoft Corp, NVIDIA Corp, PTC, Siemens AG, Unity Software Inc Ordinary Shares, HTC, Magic Leap, Swanson Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.2% of the global industrial metaverse market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 46,271.9 million by 2030.
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Industrial Metaverse Market Scope
Industrial Metaverse Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific industrial metaverse market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial metaverse market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 40.39% in 2023. Horizon Databook has segmented the Asia Pacific industrial metaverse market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
The growing demand for industrial metaverse solutions in APAC signifies a transformative shift towards immersive technologies tailored to regional needs. As the use of these solutions increases, localization and cultural adaptation become even more crucial to ensure widespread acceptance and usability across diverse user groups.
Furthermore, the rise of metaverse ecosystems in the region promotes collaborative innovation among technology companies, content creators, and investors. This collaborative environment not only accelerates the creation of cutting-edge metaverse applications but also facilitates cross-industry collaboration and knowledge sharing.
However, addressing legal difficulties and establishing industry standards continue to be important to the industrial metaverse market's long-term growth. As smart city efforts and infrastructure projects gain traction, the industrial metaverse is poised to alter urban planning and development processes.
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Target buyers of Asia Pacific industrial metaverse market databook
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Our clientele includes a mix of industrial metaverse market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific industrial metaverse market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific industrial metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific industrial metaverse market size, by country, 2018-2030 (US$M)
Asia Pacific Industrial Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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