Asia Pacific Metaverse Market Size & Outlook, 2023-2030
Asia Pacific metaverse market, 2018-2030 (US$M)
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Asia Pacific metaverse market highlights
- The Asia Pacific metaverse market generated a revenue of USD 21,516.2 million in 2023.
- The market is expected to grow at a CAGR of 45.4% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating product in 2023.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 21,516.2 million |
| Market revenue in 2030 | USD 295,489.3 million |
| Growth rate | 45.4% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Infrastructure, Hardware, Software, Services |
| Key market players worldwide | Meta Platforms Inc Class A, Tencent Holdings Ltd, NetEase Inc ADR, NVIDIA Corp, Epic Corp, Roblox Corp Ordinary Shares - Class A, Nextech3d AI Corp Ordinary Shares - New Shares, Grayscale Decentraland Trust (MANA), Microsoft Corp, Antier Solutions Pvt Ltd, ByteDance, Unity Technologies, Lilith Games, The Sandbox, Active Theory |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.2% of the global metaverse market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 295,489.3 million by 2030.
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Metaverse Market Scope
Metaverse Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 metaverse market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 42.61% in 2023. Horizon Databook has segmented the Asia Pacific metaverse market based on infrastructure, hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Governments and businesses all around Asia are investing in the nascent metaverse economy through anything from government investment to training academies to job fairs. A wide variety of sectors such as consultancies, entrepreneurs, established tech giants, Investors, and even governments and universities in Asia are starting to stake a claim in the metaverse.
Several nations and businesses throughout the world cut ties with China after COVID-19 pandemic, which has a negative effect on their GDP. The Chinese government is now prepared to invest in technology to revive the economy, and the development of the metaverse precisely satisfies the demand for previously unseen "newness" in the industry, creating more potential for corporate growth and consumer use.
Metaverse works with the use of technology such as augmented reality (AR), and virtual reality (VR). Top Chinese tech giants Baidu Inc., Alibaba Group Holding Ltd., and Tencent Holdings Ltd. made it into the top 10 global companies that submitted the most VR/AR patent applications over the previous two years, which resulted in a significant impact on the company's revenue and contribute to the economy.
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Target buyers of Asia Pacific metaverse market databook
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Our clientele includes a mix of 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific metaverse market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific metaverse market size, by country, 2018-2030 (US$M)
Asia Pacific Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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