What is Metaverse Real Estate?
Real-estate in the metaverse is a steeply-priced business, comparable to the actual world, the place the costs are primarily based on location, population, and the demand and provide ratio—when there is a growing demand for a plot in the metaverse in a sure area, and then the costs go excessive automatically. CEO of crypto asset funding association Tokens.com Andrew Kiguel's avatar on undeveloped trend property in the metaverse. Courtesy of Andrew Kiguel. The metaverse refers to a range of systems developing digital worlds the place customers can socialize, attend digital concerts, play games, and purchase and promote things.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Axie Infinity (Vietnam), Cryptovoxels (Wellington), Decentraland Foundation (China), Linden Lab (United States), Somnium Space LTD. (United Kingdom), SuperWorld Inc. (United States), TandB Media Global Thailand Co. LTD. (Thailand), The Sandbox (United States), The Voxel Agents (Australia) and Tokens.com (Canada) |
CAGR | % |
The market study is broken down and major geographies with country level break-up.
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Metaverse Real Estate market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Axie Infinity (Vietnam), Cryptovoxels (Wellington), Decentraland Foundation (China), Linden Lab (United States), Somnium Space LTD. (United Kingdom), SuperWorld Inc. (United States), TandB Media Global Thailand Co. LTD. (Thailand), The Sandbox (United States), The Voxel Agents (Australia) and Tokens.com (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Uplandme Inc (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Metaverse Real Estate market by Type, Application and Region.
On the basis of geography, the market of Metaverse Real Estate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Commercial will boost the Metaverse Real Estate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Metaverse Real Estate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2021, T&B Media Global (Thailand) deliberate to make investments 10 billion baht to launch the Translucia metaverse, the first resourceful digital world in Thailand, with property developer Magnolia Quality Development Corporation (MQDC). Translucia's first companion is MQDC, which plans to improve tasks in the metaverse. MQDC is the first property developer to use Translucia. It plans to increase a metropolis in this digital world as it prepares to create a new entity, MQDC Metaverse, accountable for city improvement and digital actual estate projects.
Market Drivers
- Rising Investment in Metaverse Real Estate Market
- Growing Popularity among the Population
- Increasing Inclination towards Nfts in the Metaverse Environment
Opportunities
- Technological Advancements In Terms Of Security in Devices
- Improved User Security & High Confidence among Users
Restraints
- Lack of Awareness Especially In Emerging Countries
- High Cost of Metaverse Real Estate
Challenges
- Uncertainty of Real Estate Market Price on Metaverse
Key Target Audience
Metaverse Real Estate Provider, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.