Brazil Metaverse Market Size & Outlook, 2023-2030
Brazil metaverse market, 2018-2030 (US$M)
Related Markets
Brazil metaverse market highlights
- The Brazil metaverse market generated a revenue of USD 570.4 million in 2023 and is expected to reach USD 6,292.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 40.9% 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.
Metaverse market data book summary
| Market revenue in 2023 | USD 570.4 million |
| Market revenue in 2030 | USD 6,292.3 million |
| Growth rate | 40.9% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 0.7% of the global metaverse market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil metaverse market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 6,292.3 million by 2030.
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Metaverse Market Scope
Metaverse Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 43.72% in 2023. Horizon Databook has segmented the Brazil metaverse market based on infrastructure, hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil has a vibrant and growing gaming industry, which is expected to benefit from the rise of the metaverse. According to a report by Newzoo, Brazil is the 13th largest gaming market in the world, with a revenue of USD 1.5 billion in 2020.
Many Brazilian game developers are already exploring the potential of the metaverse, creating virtual worlds that allow users to interact with each other in new and exciting ways. Brazil's large and tech-savvy population makes it an ideal market for the metaverse.
The country has over 150 million internet users, and over 50% of the population is under the age of 30, a demographic that is likely to be receptive to new digital experiences such as the metaverse. In addition, the Brazilian government has taken steps to promote the growth of the digital economy, recognizing the potential of technology to drive innovation and economic growth.
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Our clientele includes a mix of 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 Brazil metaverse market , including forecasts for subscribers. This country databook contains high-level insights into Brazil metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil metaverse market size, by product, 2018-2030 (US$M)
Brazil Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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