With vast amounts of money being poured into it, the metaverse has been an omnipresent topic in recent news. Read on for the latest figures on the metaverse market size that will help you understand its magnitude, current state, as well as predictions about its future.
The Latest Data on the Metaverse and Its Market Size
The current metaverse market size is over $61.8 billion.
Data indicates that the metaverse’s value is rapidly increasing. The total revenue generated on the global metaverse market was estimated at $61.8 billion in 2022.
Current trends suggest that the metaverse will continue growing at a CAGR of 47.2% and reach $426.9 billion by 2027.
(Markets and Markets)
North America holds the largest metaverse share at 46%.
Stats on the metaverse market size by country and region reveal that almost half of the metaverse market is controlled by companies in North America.
European companies hold 20% of the market, while companies from the Asia Pacific region have a 16% market share.
The remaining 18% are split between Latin America, with 10%, and MENA, with 8%.
(Precedence Research)
The blockchain market size is expected to grow to $298.5 billion by 2030.
Metaverse expectations are big on all fronts. After growing from $7.77 billion in 2020 to $11.04 billion in 2021, the blockchain market is expected to grow with a CAGR of 45.6% and reach $298.5 billion by 2030.
After growing from $22.52 billion to $31.60 billion, the metaverse market size forecast also predicts that AR and VR technologies will continue to grow at a CAGR of 43.8% and reach $760.08 billion by 2030.
Mixed reality technologies are expected to grow at a CAGR of 46.7% and reach $80.14 billion by 2030, after growing from $1.95 billion to $2.79 billion between 2021 and 2022.
(Precedence Research)
The number of monthly active metaverse users reached 400 million.
Roblox is the largest world in the metaverse, with a whopping user base of over 202 million, followed by Minecraft, with 174 million, and Fortnite, with 83 million monthly active users.
Though, games aren’t the only segment of the metaverse that is growing in popularity. Statistics on the metaverse size and users show that metaverse worlds and rooms are also gaining traction.
Rec Room and VR Chat reached new heights in 2023, increasing their monthly active users to 3 million and 5 million, respectively, while the number of MAUs in the metaverse world AltSpaceVR also grew to 1.2 million.
(Metaversed)
The total metaverse token market capitalization is $15.8 billion.
Global metaverse market size statistics indicate that ApeCoin (APE) is the metaverse token with the largest market cap of $1.9 billion, followed by Internet Computer (ICP), with $1.8 billion, and Decentraland, with $1.2 billion (MANA).
Theta Network (THETA) and Axie Infinity (AXS) are also among the top five tokens, with a market cap of $1.1 billion.
Furthermore, data on the market size of the metaverse reveals that Stacks (STX) is the metaverse token with the highest 24h trading volume of $274 million, followed by The Sandbox (SAND), with $225 million and MAGIC (MAGIC), with $175 million.
Render Token (RNDR) and Decentraland (MANA) round up the top five with volumes of $122 million and $117 million.
(Coin Market Cap)
Metaverse real estate has already generated $1.9 billion in sales.
The metaverse market size growth was particularly noticeable in the metaverse real estate industry. Namely, metaverse real estate grew from $0.5 billion in sales in 2021 to $1.4 billion in 2022, indicating a 180% growth.
Real estate sales in the second quarter of 2022 reached a record-breaking $907 million, after the minting of the Otherside land.
Data on the size of the metaverse market reveals that Otherside has the highest cumulative sales volume, with $943 million, followed by Decentraland, with $295 million, and Sandbox, with $291 million.
(Dune, Parcel)
The Bottom Line
A project as ambitious as the metaverse is always likely to attract attention and investments. Every forecast and projection predicts that the market size of the metaverse will continue growing in the next decade, and it will probably go past the $1 trillion mark by the end of it.
Considering the metaverse’s current value, it would have to grow at an unprecedented pace and increase by 1518.12% by 2030 to meet these massive expectations.
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