Metaverse Real Estate Market to grow by USD 5.37 billion growth from 2021 to 2026, Growth Driven by growing popularity of mixed reality and cryptocurrency- Technavio
NEW YORK, Oct. 18, 2023 /PRNewswire/ -- The "metaverse real estate market by end-user (enterprises and individuals) and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to the technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the metaverse real estate market between 2022 and 2026 is USD 5.37 billion.
The growing popularity of mixed reality and cryptocurrency is a key factor driving market growth. By decoding tags and markings, the development of Virtual Reality into a more mixed reality is making it easier in virtual spaces. Real estate land can be bought or leased by people who use metaverse platforms. Moreover, the increasing use of cryptocurrencies that are NFT, bitcoin, and Litecoin to buy digital assets is creating a particular interest among end users, particularly enterprises. Hence, these factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
Market Challenge
The uncertainty of real estate market prices on the metaverse is a significant challenge restricting market growth. The scarcity and location of the land must be a factor in determining the valuation of virtual property. However, since the virtual land prices do not follow the pricing pattern of the physical world, there is still doubt as to whether they relate to these factors. Consequently, the market value of digital assets, e.g. material estate, would be basically determined by how buyers think about their price and thus lead to a fluctuation in prices. Hence, these factors are expected to restrict market growth during the forecast period.
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The metaverse real estate market has been segmented by end-users (enterprises and individuals) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
- The metaverse real estate market share growth by the enterprises segment will be significant during the forecast period. The metaverse real estate market has begun to prosper, with a growing number of big players entering the virtual world such as Nike, Facebook, and Microsoft. Another major driving factor for growth in this sector is the introduction of Web 3.0. Hence, these factors are expected to drive segment growth during the forecast period.
- 41% of the market's growth will originate from North America during the forecast period.
View the FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the metaverse real estate market:
Axie Infinity, Cryptovoxels, Decentraland Foundation, Linden Lab, ShibaLand LLC, Somnium Space LTD., SuperWorld Inc., TandB Media Global Thailand Co. LTD., The Sandbox, The Voxel Agents, Tokens.com, and Uplandme Inc.
Related Reports:
The metaverse in e-commerce market is estimated to grow at a CAGR of 39.65% between 2022 and 2027. The size of the market is forecast to increase by USD 85,885.22 million.
The metaverse in healthcare market size is estimated to grow at a CAGR of 34.92% between 2022 and 2027. The metaverse in healthcare market size is forecast to increase by USD 5,624.07 million.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by end-user
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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