The gaming business today is minting huge money and remains highly successful business. This success of the gaming industry is being amplified owing to arrival of the metaverse and blockchain. Metaverse gaming is primarily a concept of playing games in the metaverse. A metaverse is nothing but a big community that operates online where one can play games and interact with new people at the same time. Gaming and virtual reality have always been growing hand-in-hand. The biggest difference between virtual reality games and conventional games appear as a 3D virtual reality world that one views in 360 degrees helps the view gets a touch of reality. Metaverse primarily works by integrating different type of aspects like social networking, cryptocurrency, virtual reality, augmented reality, and online gaming that aids in creating a totally new experience. The global metaverse in gaming market is growing in wake of various factors.
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The metaverse is growing leaps and bounds, and hence all the leading tech companies are showing keen interest in it. Even venture capitalists and big investors are trying to Ancash the craze of the metaverse. One of the critical elements of gaming that helps the metaverse grow is its community aspect that allows players connect with several new people. Players can also easily engage in numerous activities that are related to money-making.
One of the major factor that has been driving the growth of the global metaverse in gaming market is surge in the demand for games that happen to be immersive in nature. Also, the fact that rising trading activities in various types of tokens and coins will be contributing to the growth of the market. Meanwhile, the progress of the global metaverse in gaming market will be tremendously hampered due to growing concerns related to privacy. On the other hand, the global metaverse in gaming market is forecasted to witness humungous growth over the period of next few years owing to incorporating advanced technologies into metaverse games.
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Global Metaverse in Gaming Market Report Highlights
- The technology segment of the global metaverse in gaming market has been bifurcated into AR and VR technology, blockchain and metaverse cryptocurrency, internet of things (IoT), 3D reconstruction and mixed reality. The internet of things (IoT) has been taking the world by storm, and the gaming industry will be immensely benefitted by it.
- On the basis of the age group, the global metaverse in gaming market has been segregated into 10 – 20, 21 – 35, 36 – 50 and 51 – 60. People aging between 21 – 35 accounts for majority of revenue generated by this market. People in this category are more interested in buzzing technology, especially gaming and metaverse.
- Asia Pacific region is forecasted to generated majority of money that too the fastest rate for the global metaverse in gaming market during the forecast period 2022-2030. Highly populated countries like India and China are emerging as a hub for various tech giants. Favorable trading conditions, and regulations related to cryptocurrency also helps the market grow.
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Some of the players operating in the global metaverse in gaming market are:
- Axia Infinity
- Epic Games
- Lilith Games
- Magic Leap, Inc.
- Minecraft
- Niantic
- Roblox Corporation
- The Sandbox
- Other Industry Participants
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Global Metaverse in Gaming Market Segmentation
Absolute Markets Insights has segmented into the global metaverse in gaming market on the basis of mode, technology, age group and region further into countries.
Global Metaverse in Gaming Market Mode Outlook (Revenue, USD Million, 2021 – 2030)
- AR Glasses
- VR Headset
- Smartphones
- Gaming Console
Global Metaverse in Gaming Market Technology Outlook (Revenue, USD Million, 2021 – 2030)
- AR and VR Technology
- Blockchain and Metaverse cryptocurrency
- Internet of things (IoT)
- 3D reconstruction
- Mixed Reality
Global Metaverse in Gaming Market Age Group Outlook (Revenue, USD Million, 2021 – 2030)
- 10 – 20
- 21 – 35
- 36 – 50
- 51 – 60
Global Metaverse in Gaming Market Regional Outlook (Revenue, USD Million, 2021 – 2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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