Saudi Arabia Industrial Metaverse Market Size & Outlook
Saudi Arabia industrial metaverse market, 2018-2030 (US$M)
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Saudi Arabia industrial metaverse market highlights
- The Saudi Arabia industrial metaverse market generated a revenue of USD 1,130.3 million in 2023 and is expected to reach USD 7,992.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 32.2% 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 1,130.3 million |
| Market revenue in 2030 | USD 7,992.7 million |
| Growth rate | 32.2% (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, Saudi Arabia accounted for 5.1% 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 Middle East & Africa, Saudi Arabia industrial metaverse market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 7,216.2 million by 2030.
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Industrial Metaverse Market Scope
Industrial Metaverse Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 40.2% in 2023. Horizon Databook has segmented the Saudi Arabia industrial metaverse market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia's industrial metaverse sector is poised for growth, fueled by the country's Vision 2030 ambitions of diversifying the economy and supporting technological innovation.
With significant expenditures in infrastructure and developing technology, Saudi Arabian industries, particularly petrochemicals, energy, and construction, are increasingly exploring the possibilities of immersive technologies to optimize operations and enhance efficiency.
Collaborations among government organizations, private sector enterprises, and international partners are facilitating knowledge exchange and propelling the adoption of metaverse solutions customized to the country’s industrial requirements.
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Target buyers of Saudi Arabia 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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia industrial metaverse market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia industrial metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia industrial metaverse market size, by component, 2018-2030 (US$M)
Saudi Arabia Industrial Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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