Metaverse Real Estate Market to Grow by USD 5.37 Bn, Growing number of Virtual Land Acquisitions to Boost Growth - Technavio
NEW YORK, Nov. 22, 2022 /PRNewswire/ -- The "Metaverse Real Estate Market by End-user and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offerings. The market size is set to grow by USD 5.37 billion from 2021 to 2026, according to Technavio. In addition, the growth momentum of the market will decelerate at a CAGR of 61.74% during the forecast period - Download a FREE sample report
Metaverse Real Estate Market 2022-2026: Driver and Challenge
One of the key factors driving the global metaverse in real estate market growth is the growing popularity of mixed reality and cryptocurrency. The evolution of VR into a more mixed reality creates readability in virtual spaces by decoding tags and annotations. People accessing metaverse platforms can buy real estate land, and they can either sell or lease it to others. In addition, the growing application of cryptocurrencies such as NFT, bitcoin, and Litecoin in purchasing digital assets is creating interest in end-users, especially enterprises. such factors are expected to drive the demand for the global metaverse real estate market during the forecast period. Buy Now
One of the key challenges to the metaverse industry growth in real estate is the uncertainty of real estate market price on metaverse. The valuation of virtual lands depends on the scarcity and location of the land. However, the relation between virtual land price and these factors is still in doubt, as virtual land price does not follow the pricing pattern of the physical world. Therefore, the value of digital assets, including metaverse real estate, would basically depend on how the buyers perceive their price, thereby leading to fluctuations.
Metaverse Real Estate 2022-2026: Segmentation
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Request a FREE Sample Report
Metaverse Real Estate Market 2022-2026: Revenue-generating End-user Segment
The metaverse real estate market share growth by the enterprise segment will be significant during the forecast period. With an increase in the number of big giants such as Nike, Facebook, and Microsoft entering the virtual world, the metaverse real estate market has started to flourish. The advent of Web 3.0 is another major factor driving the growth of the enterprise end-user segment.
Metaverse Real Estate Market 2022-2026: Vendor Analysis and Scope
To help businesses improve their market position, the metaverse real estate market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include 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.
The report also covers the following areas:
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Metaverse Real Estate Market 2022-2026: Key Highlights
Commercial Real Estate Market by End-user and Geography – Forecast and Analysis 2023 -2027: This report presents historical data on the market size and geographical analysis from 2017 to 2021. In 2017, the market size was USD 1,364.08 billion. From a regional perspective, APAC was the largest market in 2017 with a market value of USD 664.79 billion.
Real Estate Software Market by Deployment and Geography – Forecast and Analysis 2022-2026: The real estate software market share is expected to increase by USD 5.22 billion from 2021 to 2026.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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