What is the global market size of Metaverse Infrastructure Market?

Metaverse Infrastructure Market size was valued at USD 41.98 billion in 2021 and is poised to grow from USD 61.8 billion in 2022 to USD 2005.03 billion by 2030, growing at a CAGR of 47.2% in the forecast period (2023-2030).

Metaverse Infrastructure Market Size, Share, Growth Analysis, By Technology(Blockchain, Virtual Reality (VR) & Augmented Reality (AR), Mixed Reality (MR), Others), By Application(Gaming, Online Shopping, Content Creation, Social Media), By Components(Hardware and Software), By Platform(Desktop and Mobile), By Offering(Virtual Platforms, Asset Marketplace, Avatars, Financial Services), By End-use(Fashion, Media & Entertainment, Education, Aerospace & Defense), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45D2086 | Region: Global | Published Date: February, 2024
Pages: 248 | Tables: 173 | Figures: 79

Metaverse Infrastructure Market Insights

Metaverse Infrastructure Market size was valued at USD 41.98 billion in 2019 and is poised to grow from USD 61.8 billion in 2023 to USD 2005.03 billion by 2031, growing at a CAGR of 47.2% in the forecast period (2024-2031).

Metaverse refers to a deeply immersive 3D virtual world experience gained by the employment of a combination of AR, VR, and MR technologies. By creating a virtual world where users may play immersive games, conduct business, interact socially, buy and sell virtual properties, and enjoy immersive entertainment, the metaverse platform enhances the internet experience. The key aspect that drives the growth of the global Metaverse Infrastructure Market is the growth and acceptance of metaverse among the people. A growing interest of people in using the Internet to connect the virtual and real worlds, the emergence of COVID-19, along with the popularity of mixed reality (MR), augmented reality (AR), and virtual reality (VR) further aided the growth of the global metaverse infrastructure market.

US Metaverse Infrastructure Market is poised to grow at a sustainable CAGR for the next forecast year.

Metaverse Infrastructure Market Report Snapshots

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The prominent players operating in the Metaverse Infrastructure Market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key Metaverse Infrastructure Market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Microsoft Corporation', 'Amazon Web Services, Inc.', 'NVIDIA Corporation', 'Intel Corporation', 'Advanced Micro Devices, Inc.', 'Qualcomm Incorporated', 'Huawei Technologies Co., Ltd.', 'IBM Corporation', 'Google LLC', 'Tencent Cloud', 'Unity Technologies', 'Alibaba Cloud', 'Oracle Corporation', 'HPE', 'Dell Technologies Inc.', 'Supermicro', 'Inspur', 'Lenovo Group Limited', 'Cisco Systems, Inc.', 'Fujitsu Limited'

The growing demand for metaverse is the soul aspect that drives the growth of the global metaverse infrastructure market. There has been a significant demand for the metaverse for purchasing digital assets using cryptocurrencies. These currencies are accustomed to paying for everything, including NFTs, virtual homes, and avatar shoes. The physical and digital worlds are linked via cryptocurrencies. They enable us to determine the value of digital assets in terms of the money issued by the government as well as the growth of such assets over time. Cryptocurrency purchases through the metaverse are becoming more popular all across the world; which positively influences the Metaverse Infrastructure Market growth.

The expansion of the Metaverse Infrastructure market is primarily aided by the growing acceptance of AR, VR, and MR among users. One of the metaverse's great prospects is that it will greatly expand the consumers' access to the Metaverse Infrastructure Market in emerging and frontier economies. Access to previously inaccessible goods and services has already been made possible through the internet. For instance, workers from developing nations may now be able to work in western firms without moving. Virtual reality environments are a cheap and efficient way to learn, therefore they will assist improve educational possibilities.

In 2021, North America is expected to have the biggest Metaverse Infrastructure Market share of more than 42.0% in the market. The regional growth of the market is attributed to the presence of numerous players operating in the Metaverse Infrastructure Market in the North American region. Players such as Google Inc. (US), Microsoft Corp. (US), Meta Platforms Inc. (US), Oculus VR (US), Magic Leap Inc. (US), and Vuzix (US) among others are significantly aiding the growth of the Metaverse Infrastructure Market by bringing the metaverse concept to the people. Consumer’s positive outlook and wide acceptance of technology is another major aspect that contributes to the growth of the market.

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Metaverse Infrastructure Market Insights

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