Middle East & Africa Metaverse Market Size & Outlook
Middle East & Africa metaverse market, 2018-2030 (US$M)
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MEA metaverse market highlights
- The MEA metaverse market generated a revenue of USD 437.3 million in 2023.
- The market is expected to grow at a CAGR of 39.9% 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.
MEA data book summary
| Market revenue in 2023 | USD 437.3 million |
| Market revenue in 2030 | USD 4,589.2 million |
| Growth rate | 39.9% (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, MEA region accounted for 0.5% 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 |
|---|
Middle East & Africa 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 39.72% in 2023. Horizon Databook has segmented the Middle East & Africa metaverse market based on infrastructure, hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The metaverse market is expected to grow at a robust rate in the Middle East region as they are known as one of the fastest adopters of advanced technologies. Governance is consistently funding and supporting the metaverse's growth, as it strives to become one of the top 10 metaverse economies and a hub for the metaverse community.
Leaders, innovators, and investors perceive the metaverse as having immense economic potential. The metaverse promises a variety of interesting benefits for all types of users as well as the technology companies supporting the back end, in addition to potential revenue growth.
Dubai has established an independent regulator for virtual assets with the goal of developing a sophisticated legal framework to safeguard investors and provide global norms for the regulation of the virtual asset market, which will support ethical corporate expansion.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa metaverse market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa metaverse market
Middle East & Africa Metaverse Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa metaverse market
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