UK Metaverse Market Size & Outlook, 2023-2030
UK metaverse market, 2018-2030 (US$M)
Related Markets
UK metaverse market highlights
- The UK metaverse market generated a revenue of USD 5,731.7 million in 2023 and is expected to reach USD 68,417.9 million by 2030.
- The UK market is expected to grow at a CAGR of 42.5% 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 5,731.7 million |
| Market revenue in 2030 | USD 68,417.9 million |
| Growth rate | 42.5% (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, UK accounted for 7.0% 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 Europe, Germany metaverse market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 68,417.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Metaverse Market Scope
Metaverse Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 42.72% in 2023. Horizon Databook has segmented the UK metaverse market based on infrastructure, hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The "Metaverse Symposium" was co-hosted by Digital Catapult, a UK authority on advanced digital technology, and the Digital Regulation Cooperation Forum in May 2022. (DRCF). The goal of the event was to join senior stakeholders from the government (such as the Department for Digital, Culture, Media & Sport (DCMS) and the Department for Business, Energy & Industrial Strategy (BEIS), regulators, academia, and industry (such as Meta, NVIDIA, and top startups) to discuss the possible effects of the metaverse.
Prominent IT firms are showing interest in the metaverse, as seen by the name change of their company to Meta Platform Inc., to represent their attention and interest in the subject. This move helped the tech company reestablish itself and has since begun to build plans for securing users in the metaverse.
Meta Platforms Inc. (Facebook) announced in October 2021 that it would invest in the European Union by hiring 10,000 employees to assist in developing the metaverse. Also, Meta teamed up with Colorintech, a non-profit with a U.K. basis that strives for a more open and diverse tech business, to organize a metaverse competition to support fresh concepts and awards in the sector.
Reasons to subscribe to UK metaverse market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of UK metaverse market databook
-
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.).
-
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 UK metaverse market , including forecasts for subscribers. This country databook contains high-level insights into UK metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK metaverse market size, by product, 2018-2030 (US$M)
UK Metaverse Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
