Latin America Metaverse Market Size & Outlook, 2023-2030
Latin America metaverse market, 2018-2030 (US$M)
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Latin America metaverse market highlights
- The Latin America metaverse market generated a revenue of USD 1,196.3 million in 2023.
- The market is expected to grow at a CAGR of 42.4% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,196.3 million |
| Market revenue in 2030 | USD 14,235.9 million |
| Growth rate | 42.4% (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, Latin America region accounted for 1.5% 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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Latin America 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 42.68% in 2023. Horizon Databook has segmented the Latin America metaverse market based on infrastructure, hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Meta has partnered with higher education institutions in several Latin American nations, including the Institute for Research on Internet and Society IP.Rec, ITS Rio, C-Minds Eon Resilience Lab, and the University of San Andrés in Argentina, in order to offer training on the new technology in this region.
Acquisitions & mergers and investments by key players in the industry are also augmenting the segment growth in this region. For instance, according to Samsung’s recent announcement, the company is investing more than USD 35 million in metaverse initiatives targeted at the Latin American market.
The move is part of the company’s ongoing effort to enhance its digital presence and interact with a younger demographic. Moreover, In October, In Decentraland, Samsung Latam created a virtual area known as the House of SAM.
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Our clientele includes a mix of metaverse market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America metaverse market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America metaverse market size, by country, 2018-2030 (US$M)
Latin America Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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