How large is the metaverse in gaming market, and what is its growth trajectory?
The metaverse in gaming market size has grown exponentially in recent years. It will grow from $47.71 billion in 2024 to $67.96 billion in 2025 at a compound annual growth rate (CAGR) of 42.4%. The growth in the historic period can be attributed to growing popularity of owning virtual assets such as NFTs, the development of gaming, development of VR and AR-related games, and research and development in metaverse.
The metaverse in gaming market size is expected to see exponential growth in the next few years. It will grow to $276.67 billion in 2029 at a compound annual growth rate (CAGR) of 42.0%. The growth in the forecast period can be attributed to expanding implementations of metaverse, the rising popularity of AR and VR, rapidly rising popularity of play-to-earn games, demand for immersive gaming experiences, and rising investment. Major trends in the forecast period include advancements in VR software, technological developments, innovative marketing strategies, enhancement of gaming experience through integration of 3D technology, and rapid advancements in gaming software.
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What key drivers have fueled the metaverse in gaming market’s development over the years?
The rising popularity of augmented reality (AR) and virtual reality (VR) is expected to propel the growth of the metaverse in the gaming market going forward. Augmented reality (AR) enhances the real world with digital content, while virtual reality (VR) immerses users in entirely digital environments through specialized headsets. The growing popularity of AR and VR stems from their ability to provide immersive, interactive experiences across gaming, education, healthcare, and entertainment, transforming digital content interaction and real-world engagement. AR and VR use the metaverse in gaming to create immersive and interconnected virtual experiences, allowing players to interact with each other and digital environments seamlessly, enhancing gameplay and social interaction. For instance, in August 2023, according to Threekit, a US-based visual commerce platform, by the end of 2024, an estimated 1.73 billion AR user devices will be in use globally, indicating a substantial increase in accessibility to AR technology. 88% of Medium-Sized Businesses are currently using or testing AR for various applications, including sales and product development. And 61% of Consumers retailers offers AR experiences, showcasing a consumer demand for interactive shopping. Therefore, the rising popularity of AR and VR is driving the growth of the metaverse in the gaming market.
What is the segmentation for the metaverse in gaming market?
The metaverse in gaming market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology: Non-Fungible Token (NFT), Blockchain, Virtual Reality, Augmented Reality, Mixed Reality, Extended Reality
3) By Genre: Action, Adventure, Role-Playing Games (RPGs), Simulation, Sports And Racing, Strategy, Sandbox, Card And Casino Games, Other Genres
4) By Age Group: Below 21 Years, 21 – 35 Years, 36 – 50 Years, 51 Years And Above
Subsegments:
1) By Hardware: Virtual Reality (VR) Headsets, Augmented Reality (AR) Devices, Haptic Devices, Motion Capture Equipment, Wearable Devices (Gloves, Suits), Gaming Consoles, Computer Systems And Servers
2) By Software: Game Development Software, Virtual Reality Software, Augmented Reality Software, Simulation Software, 3D Modeling And Animation Software, Cloud Gaming Software, User Interface (UI) And User Experience (UX) Design Software
3) By Services: Cloud Gaming Services, Virtual Worlds And Game Hosting, Gaming Analytics Services, Development And Design Services, Metaverse Platform Integration Services, Maintenance And Support Services, Payment And Transaction Services
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Metaverse In Gaming Market Share And Growth Report 2025
Who are the most influential companies in the metaverse in gaming market?
Major companies operating in the metaverse in gaming market are Microsoft Corporation, Meta Platforms Inc., Sony Corporation, Fujitsu Limited, Nvidia Corporation, WPP plc, NetEase Inc., Electronic Arts Inc., Vertiv Group Corporation, Epic Games Inc., Autodesk Inc., Roblox Corporation, Unity Software Inc., Axie Infinity, Magic Leap Inc., Kellton Tech Solutions Ltd., LeewayHertz Inc., Aetsoft Inc., Aptos Labs, SmartMedia Technologies Inc., Spatial Systems Inc., The Sandbox
What are the top industry trends projected to impact the metaverse in gaming market?
Major companies operating in the metaverse in the gaming market are focusing on the development of advance platforms such as community-driven gaming platforms to enhance immersive experiences and foster user engagement. These platforms harness the collective creativity, passion, and expertise of players to shape the gaming experience and create vibrant, thriving communities. For instance, in January 2024, Nifty Island LLC, a US-based play-to-earn gaming platform, launched its open beta version of metaverse games, offering players a unique gaming experience with avatars from renowned non-fungible token (NFT) collections such as Azuki, Bored Apes, CloneX, and CoolCats. Additionally, Nifty Island’s play-to-airdrop system, which rewards players with tokens and NFTs for their participation and enhances the connection between the game and the broader Web3 ecosystem, offers crypto rewards that align with the principles of the metaverse as a decentralized and interconnected virtual space.
What are the major regional insights for the metaverse in gaming market, and which region holds the top position?
North America was the largest region in the metaverse in gaming market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metaverse in gaming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Metaverse In Gaming Market Report 2025 Offer?
The metaverse in gaming market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The metaverse in gaming refers to a virtual shared space where users can interact with each other and digital assets in real-time, often across multiple platforms and games. It’s a convergence of virtual reality, augmented reality, and the internet, aiming to create immersive, persistent worlds beyond individual game experiences.
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Metaverse In Gaming Market Share And Growth Report 2025
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