Canada Metaverse Market Size & Outlook, 2023-2030
Canada metaverse market, 2018-2030 (US$M)
Related Markets
Canada metaverse market highlights
- The Canada metaverse market generated a revenue of USD 7,761.1 million in 2023 and is expected to reach USD 95,102.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 43% 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 7,761.1 million |
| Market revenue in 2030 | USD 95,102.6 million |
| Growth rate | 43% (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, Canada accounted for 9.5% 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 North America, U.S. 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 95,102.6 million by 2030.
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Metaverse Market Scope
Metaverse Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 41.72% in 2023. Horizon Databook has segmented the Canada metaverse market based on infrastructure, hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
To accelerate the metaverse development in Canada, initiatives and collaborations are being established between businesses, academic institutions, and government agencies. For Instance, the Canadian Digital Media Network (CDMN) has launched a Metaverse Alliance to explore the potential of the metaverse for Canadian businesses and entrepreneurs.
The government of Canada has also established initiatives to explore the potential applications of the metaverse, such as the Digital Industries Economic Strategy Table. Fidelity Total Metaverse Index ETF (FTMI) and Fidelity Total Metaverse Index ETF Fund were introduced by a Canadian financial company, Fidelity Investments Canada ULC.
Through the Fidelity Total Metaverse Index ETF and ETF Fund, financial advisers and investors will have access to companies that are anticipated to be key developers of the experiences, capabilities, and economy of the metaverse.
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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 Canada metaverse market , including forecasts for subscribers. This country databook contains high-level insights into Canada metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada metaverse market size, by product, 2018-2030 (US$M)
Canada Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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