Australia Industrial Metaverse Market Size & Outlook
Australia industrial metaverse market, 2018-2030 (US$M)
Related Markets
Australia industrial metaverse market highlights
- The Australia industrial metaverse market generated a revenue of USD 289.1 million in 2023 and is expected to reach USD 2,920.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 39.2% 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.
Industrial metaverse market data book summary
| Market revenue in 2023 | USD 289.1 million |
| Market revenue in 2030 | USD 2,920.8 million |
| Growth rate | 39.2% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 1.3% of the global industrial metaverse market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial metaverse market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,877.8 million by 2030.
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Industrial Metaverse Market Scope
Industrial Metaverse Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 41.51% in 2023. Horizon Databook has segmented the Australia industrial metaverse market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
Australia's experience with immersive technologies positions it to lead the industrial metaverse space. This use of digital twins, virtual replicas of real-world assets fueled by real-time data, enhances safety through virtual training and remote collaboration.
It also optimizes processes and captures valuable institutional knowledge for future generations, boosting efficiency. Australia's focus on practicality and its skilled workforce enables it to leverage the industrial metaverse for economic growth and innovation.
The industrial metaverse industry in Australia is rapidly expanding as businesses in a variety of industries adopt immersive technologies to transform operations. With a strong digital infrastructure and a culture of innovation, Australian businesses are increasingly incorporating virtual and augmented reality solutions to improve productivity and safety.
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Our clientele includes a mix of industrial metaverse market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia industrial metaverse market , including forecasts for subscribers. This country databook contains high-level insights into Australia industrial metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia industrial metaverse market size, by component, 2018-2030 (US$M)
Australia Industrial Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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