India Metaverse Market Size & Outlook, 2023-2030
India metaverse market, 2018-2030 (US$M)
Related Markets
India metaverse market highlights
- The India metaverse market generated a revenue of USD 2,938.3 million in 2023 and is expected to reach USD 43,732.4 million by 2030.
- The India market is expected to grow at a CAGR of 47.1% 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 2,938.3 million |
| Market revenue in 2030 | USD 43,732.4 million |
| Growth rate | 47.1% (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, India accounted for 3.6% 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 |
|---|
India 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 India metaverse market based on infrastructure, hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Using PartyNite, the Metaverse platform developed by Gamitronics, the Telangana government in India presented their Space Tech framework with ISRO augmenting Metaverse growth in this region. In terms of development, India has a thriving blockchain community, with startups, entrepreneurs, and developers working on various blockchain-based solutions.
The government of India has also recognized the potential of blockchain technology and has launched initiatives to promote its development. For instance, the Ministry of Electronics and Information Technology launched a Blockchain Center of Excellence (CoE) in 2019, which aims to create a collaborative platform for blockchain startups, industry experts, and government officials to work together on blockchain-based projects.
The Indian AR and VR market is expected to grow significantly in the coming years, with rising demand for AR and VR-based solutions across various industries, including healthcare, education, retail, entertainment, and gaming.
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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 India metaverse market , including forecasts for subscribers. This country databook contains high-level insights into India metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India metaverse market size, by product, 2018-2030 (US$M)
India Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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