The metaverse real estate market share will post an incremental growth of USD 5.37 billion, decelerating at a CAGR of 61.74% during the forecast period. The growing popularity of mixed reality will offer immense growth opportunities to market vendors. The metaverse real estate market is concentrated, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Metaverse Real Estate Market by End-user and Geography - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The metaverse real estate market is segmented by end-user (enterprises and individuals) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The growth of the metaverse real estate market in the enterprise segment will be significant during the forecast period. By geography, factors such as the rising adoption of technologically advanced applications among consumers and a growing number of big brands purchasing virtual lands will facilitate the metaverse real estate market growth in North America. 41% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for the metaverse market in real estate in North America.
The driving factors such as the growing popularity of mixed reality and cryptocurrency will directly influence the sales of the metaverse real estate market. In addition, the growing number of virtual land acquisitions is one of the major metaverse real estate market trends that will positively impact the market growth. However, the uncertainty of real estate market prices on the metaverse will hamper the metaverse real estate market growth.
The market is concentrated due to the presence of several players. Some of the major metaverse real estate market vendors are 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.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the metaverse real estate market forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the metaverse real estate market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the metaverse real estate market.
Metaverse real estate industry growth across North America, Europe, APAC, South America, and Middle East and Africa.