Metaverse Impact on Gaming Industry Expected to Reach USD 390.6 Billion by

Pune, Oct. 18, 2024 (GLOBE NEWSWIRE) — Metaverse in Gaming Market Size Analysis:

“The SNS Insider report indicates that the Metaverse In Gaming Market was valued at USD 21.6 billion in 2023 and is expected to grow to USD 390.6 billion by 2032, reflecting a CAGR of 37.92% over the forecast period from 2024 to 2032.”

The Metaverse gaming market is rapidly growing, propelled by technological advancements, rising investments, and evolving consumer preferences. As gaming shifts from traditional formats to more immersive and interactive experiences, players are increasingly seeking platforms that offer not just gameplay but also opportunities for social interaction and community engagement. This growing demand is also supported by the need for reliable and efficient power distribution systems, particularly in rapidly urbanizing regions. As the gaming industry embraces the Metaverse, companies are investing heavily in innovative experiences that blend the physical and digital worlds. This transformation is driven by advancements in mixed reality, augmented reality, virtual reality, and blockchain technology, which enhance user engagement and create new revenue opportunities through Non-Fungible Tokens (NFTs) and virtual real estate.

Additionally, supportive government policies that encourage digital transformation and bolster the gaming ecosystem are critical for market growth. The rise of new gaming platforms, driven by increased smartphone penetration and better internet connectivity, is broadening access to a larger audience and further accelerating the market’s upward momentum. For instance, the number of global internet users has surpassed 5.3 billion, representing a penetration rate of around 66%. This growth in connectivity has facilitated access to gaming platforms, especially in developing regions.

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Major Players Analysis Listed in this Report are:

Meta Platforms, Inc. – Oculus VREpic Games, Inc. – Unreal EngineRoblox Corporation – Roblox StudioUnity Technologies, Inc. – Unity EngineMicrosoft Corporation – HoloLensNVIDIA Corporation – GeForce GPUsSony Group Corporation – PlayStation VRTencent Holdings Limited – WeGameValve Corporation – Steam VRNiantic, Inc. – ARCoreDecentraland – Decentraland MarketplaceThe Sandbox – VoxEditHadean Supercomputing Ltd. – Hadean EngineActivision Blizzard, Inc. – Call of Duty FranchiseElectronic Arts Inc. – EA SportsSquare Enix Holdings Co., Ltd. – Final Fantasy FranchiseUbisoft Entertainment S.A. – Assassin’s Creed FranchiseTake-Two Interactive Software, Inc. – Grand Theft Auto FranchiseCrytek GmbH – CryEngine

Metaverse in Gaming Market Report Scope:

Report AttributesDetailsMarket Size in 2023USD 21.6 billionMarket Size by 2032USD 390.6 BillionCAGRCAGR of 13.1% From 2024 to 2032Base Year2023Forecast Period2024-2032Historical Data2020-2022Key Regional CoverageNorth America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)Key Growth Drivers• Improved connectivity allows smoother, more immersive gaming experiences, accelerating metaverse…