Canada Industrial Metaverse Market Size & Outlook
Canada industrial metaverse market, 2018-2030 (US$M)
Related Markets
Canada industrial metaverse market highlights
- The Canada industrial metaverse market generated a revenue of USD 2,332.9 million in 2023 and is expected to reach USD 20,800.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 36.7% 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 2,332.9 million |
| Market revenue in 2030 | USD 20,800.5 million |
| Growth rate | 36.7% (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, Canada accounted for 10.4% 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 North America, U.S. industrial metaverse market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 20,800.5 million by 2030.
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Industrial Metaverse Market Scope
Industrial Metaverse Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 41.88% in 2023. Horizon Databook has segmented the Canada industrial metaverse market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
Across industries in Canada, there is a rising interest in leveraging virtual collaboration platforms and emerging technologies to drive innovation and growth.
For instance, in June 2022, KPMG in Canada and in the U.S. announced the launch of the first KPMG metaverse collaboration hub, where clients, employees, and communities can connect, participate, and explore growth prospects across industries and sectors.
The collaborative hub represents the next phase in both companies' efforts to guide their employees and customers to Web 3.0. Both organizations have developed dedicated teams to assist clients in developing and implementing their metaverse strategy.
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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 Canada industrial metaverse market , including forecasts for subscribers. This country databook contains high-level insights into Canada industrial metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada industrial metaverse market size, by component, 2018-2030 (US$M)
Canada Industrial Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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