UAE Industrial Metaverse Market Size & Outlook, 2023-2030
UAE industrial metaverse market, 2018-2030 (US$M)
Related Markets
UAE industrial metaverse market highlights
- The UAE industrial metaverse market generated a revenue of USD 962.0 million in 2023 and is expected to reach USD 7,216.2 million by 2030.
- The UAE market is expected to grow at a CAGR of 33.4% 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 962.0 million |
| Market revenue in 2030 | USD 7,216.2 million |
| Growth rate | 33.4% (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, UAE accounted for 4.3% 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 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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UAE 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 41.32% in 2023. Horizon Databook has segmented the UAE industrial metaverse market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
The UAE's healthcare sector is incorporating metaverse technologies to improve patient care, medical education, and telemedicine services. Virtual reality (VR) simulations allow healthcare personnel to perform complex procedures in a safe environment, and augmented reality (AR) applications facilitate remote diagnostics and surgical aid.
Metaverse technology is being used by developers and property managers in the UAE to conduct virtual property tours, visualize interior designs, and manage properties remotely.
Virtual reality (VR) walkthroughs and augmented reality (AR) staging tools allow prospective buyers and tenants to visualize buildings before making a purchase decision while property managers can employ digital twins and smart building platforms to monitor and optimize building performance.
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Our clientele includes a mix of industrial metaverse market companies, investment firms, advisory firms & academic institutions.
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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 UAE industrial metaverse market , including forecasts for subscribers. This country databook contains high-level insights into UAE industrial metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE industrial metaverse market size, by component, 2018-2030 (US$M)
UAE Industrial Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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