U.S. Industrial Metaverse Market Size & Outlook, 2023-2030
U.S. industrial metaverse market, 2018-2030 (US$M)
Related Markets
U.S. industrial metaverse market highlights
- The U.S. industrial metaverse market generated a revenue of USD 4,953.0 million in 2023 and is expected to reach USD 30,064.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 29.4% 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 4,953.0 million |
| Market revenue in 2030 | USD 30,064.6 million |
| Growth rate | 29.4% (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, U.S. accounted for 22.2% 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 |
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U.S. 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 43.25% in 2023. Horizon Databook has segmented the U.S. industrial metaverse market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
With the proliferation of devices and platforms, there is a demand for seamless integration across different technologies. The collaboration between Meta and Microsoft Corporation demonstrates the importance of interoperability, allowing users to collaborate across various devices, from smartphones to VR headsets, without barriers.
For instance, in October 2022, Meta and Microsoft Corporation, two U.S. tech giant companies, collaborated on a more immersive future, unveiling plans to bring Mesh for Microsoft Teams to Meta Quest devices.
This technology integrates Azure Digital Twins, Dynamics 365 Remote Assist, and Teams video meetings, allowing virtual collaboration across various devices, from smartphones to mixed-reality headsets. The partnership enhanced the virtual meeting experience by enabling collaboration similar to when participants are physically present in the same location.
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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 U.S. industrial metaverse market , including forecasts for subscribers. This country databook contains high-level insights into U.S. industrial metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. industrial metaverse market size, by component, 2018-2030 (US$M)
U.S. Industrial Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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