Middle East & Africa Virtual Reality In Retail Market Size & Outlook
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MEA virtual reality in retail market highlights
- The MEA virtual reality in retail market generated a revenue of USD 154.6 million in 2023.
- The market is expected to grow at a CAGR of 27.5% from 2024 to 2030.
- In terms of segment, hmd was the largest revenue generating device in 2023.
- GTD is the most lucrative device segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 154.6 million |
| Market revenue in 2030 | USD 848.4 million |
| Growth rate | 27.5% (CAGR from 2023 to 2030) |
| Largest segment | Hmd |
| Fastest growing segment | GTD |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HMD, GTD, PDW |
| Key market players worldwide | FXGear, Matterport Inc Ordinary Shares - Class A, Scapic, WeMakeVR, SubVRsive, Koncept VR, FirebirdVR, Panedia |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.7% of the global virtual reality in retail market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 5,763.1 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Virtual Reality In Retail Market Scope
Virtual Reality In Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Panedia | View profile | 1-10 | Nerang, Queensland, Australia, Oceania | http://www.panedia.com |
| FirebirdVR | View profile | 1-10 | Mumbai, Maharashtra, India, Asia | http://www.firebirdvr.com/ |
| Koncept VR | View profile | 11-50 | New York, New York, United States, North America | http://www.konceptvr.com/ |
| SubVRsive | View profile | 11-50 | Austin, Texas, United States, North America | http://subvrsive.com/ |
| WeMakeVR | View profile | 1-10 | Amsterdam, Noord-Holland, The Netherlands, Europe | http://wemakevr.com/ |
| Scapic | View profile | 1-10 | Bangalore, Karnataka, India, Asia | https://scapic.com/ |
| Matterport Inc Ordinary Shares - Class A | View profile | 438 | 352 East Java Drive, Sunnyvale, CA, United States, 94089 | https://www.matterport.com |
| FXGear | View profile | 11-50 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.fxgear.net/ |
Middle East & Africa virtual reality in retail 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 virtual reality in retail market will help companies and investors design strategic landscapes.
Hmd was the largest segment with a revenue share of 64.1% in 2023. Horizon Databook has segmented the Middle East & Africa virtual reality in retail market based on hmd, gtd, pdw covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of virtual reality in retail 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa virtual reality in retail market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa virtual reality in retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA virtual reality in retail market size, by country, 2018-2030 (US$M)
Middle East & Africa Virtual Reality In Retail Market Outlook Share, 2023 & 2030 (US$M)
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