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Metaverse in Real Estate Market

Metaverse in Real Estate Market

Metaverse in Real Estate Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

144

Base Year:

2021

Date

Apr - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1516

Segments Covered
  • By Type Buy Metaverse Real Estate, Sell Metaverse Real Estate, Rent Metaverse Real Estate
  • By End Use Individual Game Users, Virtual Real Estate Developers
  • By Component Hardware, Software
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 821.9 Milllion
Revenue 2028Revenue 2028: USD 5953.6 Milllion
Revenue CAGRRevenue CAGR (2022 - 2028): 39.10%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Metaverse in Real Estate Market Share

Market Synopsis:

The global Metaverse in Real Estate market valued at USD 821.9 Milllion in 2021 and is projected to reach a value of USD 5953.6 Milllion by 2028 at a CAGR of 39.10% over the forecast period.

The term "metaverse" refers to a networked 3D virtual world in which digital and real worlds are blended together using cutting-edge technology such as Virtual Reality (VR) and Augmented Reality (AR) (AR). VR headsets, AR glasses, and smartphone apps are all used to access the immersive environment. Metaverse has the ability to transport individuals practically anywhere in the world while also allowing users to communicate digitally. Increased breakthroughs in metaverse technology have resulted in a substantial boom in the virtual real estate industry, with an increasing number of people paying astronomically high prices for virtual land parcels. Purchasing a plot of land or real estate in an uninhabited blockchain-based world permits people to own a portion of these digital worlds, where they can build anything they want. In the digital realm, users can buy and sell land with bitcoin and construct businesses, art galleries, workspaces, and showrooms.

Significant investments in virtual land and real estate within the metaverse, as well as an increase in the number of people and businesses making virtual purchases on metaverse platforms, are likely to drive market revenue growth over the projection period. Furthermore, an increasing number of firms are renting metaverse spaces and properties to construct storefronts, organize events for younger digital audiences, and develop virtual stores, all of which are contributing significantly to the market's revenue growth. In addition, as metaverse real-estate becomes more popular, current metaverse platforms are producing additional land and increasing parcel sizes, and this trend is projected to continue, contributing significantly to market revenue growth. Companies and celebrities are investing in metaverse platforms in order to establish a digital footprint in the virtual realm through virtual real estate developers and architects. Meeting locations for individuals from all over the world, the construction of digital buildings for commercial purpose, and rising aesthetic enhancements in metaverse real estate are all examples of metaverse architecture.

Metaverse in Real Estate Market Size, 2021 To 2028 (USD )

Market Segmentation:

The Metaverse in Real Estate market is segmented on the basis of Type, Technology, End Use and Component. On the basis of Type, the market is segmented into Buy Metaverse Real Estate, Sell Metaverse Real Estate and Rent Metaverse Real Estate. On the basis of End Use , the market is segmented into Individual Game Users and Virtual Real Estate Developers. On the basis of Component , the market is segmented into Hardware and Software.

Below tree is interactive. You can click the nodes to get more information.

Based on Type

Over the projected period, the buy metaverse real estate category is expected to generate the most income. This can be ascribed to an increase in investment in virtual world property and land, a rapid rise in virtual property values due to scarcity and increased desirability, and a growing number of firms and significant brands capitalizing on the metaverse real estate potential. Several companies and celebrities have also bought virtual plots in the metaverse, and this is a trend that is anticipated to grow rapidly in the future.

Based on End Use

Over the forecast period, the virtual real estate developers segment is expected to grow at a rapid pace. This is due to an increase in the number of metaverse platforms developing land parcels, an increase in the trend of acquiring plots of land, and an increase in the number of metaverse real estate agents who assist investors in finding the right metaverse parcels. An increasing number of businesses are purchasing and developing digital real estate and then leasing it to brands and businesses looking to expand their digital presence.

North America Dominates the Global Metaverse in Real Estate Market

North America region acquired the largest market share during the year 2021 with a share of 48.10%. Over the forecast period, North America is expected to account for the largest revenue share in the global market, owing to a growing base of gamers in the region, steadily increasing purchases of metaverse real estate, growing awareness of metaverse and related technologies, and a growing focus on developing advanced technologies. Furthermore, significant improvements in VR and AR platforms, as well as the availability of high-end devices at accessible rates, are likely to contribute to the market's revenue growth in the region. Market growth is being fueled by the growing presence of metaverse-based enterprises and significant technological companies in the region.

Competitive Landscape:

Key players operating in the global Metaverse in Real Estate Market include- Linden Lab, Metaverse Group, Decentraland Marketplace, Zillow, The Sandbox, Axie Infinity, Others.

Segmentation of Metaverse in Real Estate Market:

Parameter Details
Segments Covered
  • Type (Buy Metaverse Real Estate, Sell Metaverse Real Estate, Rent Metaverse Real Estate)
  • End Use (Individual Game Users, Virtual Real Estate Developers)
  • Component (Hardware, Software)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Linden Lab
  • Metaverse Group
  • Decentraland Marketplace
  • Zillow
  • The Sandbox
  • Axie Infinity
  • Others
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

FAQ
Frequently Asked Question
  • The global Metaverse in Real Estate valued at USD 821.9 Milllion in 2020 and is expected to reach USD 5953.6 Milllion in 2028 growing at a CAGR of 39.10%.

  • The prominent players in the market are Linden Lab, Metaverse Group, Decentraland Marketplace, Zillow, The Sandbox, Axie Infinity, Others.

  • The market is project to grow at a CAGR of 39.10% between 2021 and 2028.

  • The driving factors of the Metaverse in Real Estate include

    • Soaring popularity of metaverse real estate

  • North America was the leading regional segment of the Metaverse in Real Estate in 2020.