India Metaverse Market Size & Outlook, 2024-2030

The metaverse market in India is expected to reach a projected revenue of US$ 43,732.4 million by 2030. A compound annual growth rate of 49.5% is expected of India metaverse market from 2025 to 2030.
Revenue, 2024 (US$M)
$3,921.4
Forecast, 2030 (US$M)
$43,732.4
CAGR, 2025 - 2030
49.5%
Report Coverage
India

India metaverse market highlights

  • The India metaverse market generated a revenue of USD 3,921.4 million in 2024 and is expected to reach USD 43,732.4 million by 2030.
  • The India market is expected to grow at a CAGR of 49.5% from 2025 to 2030.
  • In terms of segment, software was the largest revenue generating product in 2024.
  • Services is the most lucrative product segment registering the fastest growth during the forecast period.

Metaverse market data book summary

Market revenue in 2024USD 3,921.4 million
Market revenue in 2030USD 43,732.4 million
Growth rate49.5% (CAGR from 2025 to 2030)
Largest segmentSoftware
Fastest growing segmentServices
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInfrastructure, Hardware, Software, Services
Key market players worldwideMeta 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 3.7% of the global metaverse market in 2024.
  • 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 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 41.85% in 2024. 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.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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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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, 2024 & 2030 (US$M)

India metaverse market size, by product, 2018-2030 (US$M)

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