China Metaverse Market Size & Outlook, 2023-2030
China metaverse market, 2018-2030 (US$M)
Related Markets
China metaverse market highlights
- The China metaverse market generated a revenue of USD 9,311.9 million in 2023 and is expected to reach USD 117,604.8 million by 2030.
- The China market is expected to grow at a CAGR of 43.7% 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 9,311.9 million |
| Market revenue in 2030 | USD 117,604.8 million |
| Growth rate | 43.7% (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, China accounted for 11.4% 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 Asia Pacific, China metaverse market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 51,415.2 million by 2030.
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Metaverse Market Scope
Metaverse Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 China metaverse market based on infrastructure, hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Anies Baswedan, Shanghai, the largest city in China, also unveiled its five-year metaverse development strategy, which calls for the use of the metaverse in government and commercial settings.
The Chinese metaverse business has sprung from nothing to a sizable market, with early applications such as digital humans, conferences held in virtual reality, and holograms progressively taking shape.
The quick growth highlights China's advantages in the upcoming global tech war, which are partly attributed to an early layout of digital infrastructure and skill at turning emergent technology into applications.
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Target buyers of China 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 country-level data and insights on the China metaverse market , including forecasts for subscribers. This country databook contains high-level insights into China metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China metaverse market size, by product, 2018-2030 (US$M)
China Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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