Europe Metaverse Market Size & Outlook, 2023-2030
Europe metaverse market, 2018-2030 (US$M)
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Europe metaverse market highlights
- The Europe metaverse market generated a revenue of USD 23,014.6 million in 2023.
- The market is expected to grow at a CAGR of 41.9% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 23,014.6 million |
| Market revenue in 2030 | USD 266,736.5 million |
| Growth rate | 41.9% (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, Europe region accounted for 28.1% 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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Europe 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 42.13% in 2023. Horizon Databook has segmented the Europe metaverse market based on infrastructure, hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The metaverse has become an integral aspect of company promotion and operations for tech businesses all over the world. Europe falls behind its international rivals in the demand for metaverse enabling technologies including connection, blockchain and AI, computing.
However, Recent EU actions may change the course of events. In the annual speech to the Union in September 2022, Commission President Ursula von der Leyen stated that, Europe will continue to explore new digital prospects and trends in the field of metaverse, in addition, they stated that a project on virtual worlds, such as the metaverse, is among the major new efforts for 2023 as part of a Europe fit for the digital world.
Furthermore, the European Parliament established the Virtual and Augmented Reality Industrial Coalition to promote communication between the policymaking community and the European VR/AR ecosystem.
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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 continent-level data and insights on the Europe metaverse market , including forecasts for subscribers. This continent databook contains high-level insights into Europe metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe metaverse market size, by country, 2018-2030 (US$M)
Europe Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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