Metaverse Gaming - Bangladesh | Statista Market Forecast

The projected value in the Metaverse Gaming market for the year 2024 is estimated to reach US$77.0m.
It is anticipated to demonstrate a compound annual growth rate (CAGR 2024-2030) of 43.69%.
This growth is expected to result in a projected market volume of US$677.6m by the year 2030.
In 2024, United States is the primary generator of market value, with a projected market volume of US$7.5bn.
Looking ahead to 2030, the number of users in the Metaverse Gaming market is expected to reach 6.2m users.
The user penetration rate, which stands at 1.1% in 2024, is projected to increase to 3.4% by 2030.
Furthermore, the average value per user (ARPU) is expected to amount to US$40.9.
It is important to note that these projections and figures pertain to the Metaverse Gaming market as a whole, not specifically to in Bangladesh.
However, Bangladesh's presence and performance within the market segment can be considered in the context of these numbers.
Bangladesh is experiencing a rapid growth in the Metaverse gaming market, with an increasing number of local gamers engaging in virtual reality gaming experiences.

Definition:

The Gaming market refers to the playing of video games or other interactive experiences within virtual reality environments, such as virtual worlds, social VR platforms, and other immersive digital spaces. This definition includes traditional single-player and multiplayer games as well as more open-ended virtual worlds, where players can interact with each other and the environment in a variety of ways. Gaming in the metaverse can be experienced through different hardware, such as VR headsets, smartphones, and computers, and can also include new forms of gaming such as social gaming, multiplayer gaming, and location-based gaming.

Structure:

The Gaming market includes the markets Action Games, Adventure Games, Casual Games, Role-playing Games, Simulation Games, Sports & Racing Games and Strategy Games. Each genre has different games published that are classified as metaverse games in respective metaverse applications, or individual games.

Additional Notes:

The market comprises market sizes, users, average revenue per user, and penetration rates. Market sizes are generated through in-app purchases and consumer spending on apps, games, and items. Market numbers about the Gaming market can also be found in the Digital Market Insights. Key players in the market are games like Fortnite, Roblox or Minecraft. Use the info button right next to the boxes for more information on the data displayed.

Games directly in metaverse considered apps, such as games in Roblox
Open-world games, shaped by users, such as Fortnite
Sandbox games, such as Minecraft
Social virtual reality games, such as VRChat

Open-world games, with a story line, such as World of Warcraft
All other non related metaverse games, such as Call of Duty
Non-metaverse related browser games, such as Forge of Empires

The Metaverse Gaming market in Bangladesh is experiencing significant growth and development, driven by several factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Bangladesh are shifting towards immersive and interactive gaming experiences, which has fueled the demand for Metaverse Gaming.

Players are increasingly seeking virtual worlds that offer a sense of escapism and social interaction, allowing them to connect with friends and fellow gamers from around the world. The ability to customize avatars, explore virtual landscapes, and engage in various activities within the metaverse has become highly appealing to the gaming community in Bangladesh. Trends in the market indicate a growing interest in Metaverse Gaming, with an increasing number of game developers and companies investing in the development of virtual worlds.

This has led to the creation of diverse gaming experiences, ranging from fantasy realms to futuristic cities, catering to different player preferences. Additionally, the integration of blockchain technology and non-fungible tokens (NFTs) within the metaverse has gained traction, offering players the opportunity to own and trade virtual assets, further enhancing the immersive nature of the gaming experience. Local special circumstances in Bangladesh, such as a young and tech-savvy population, growing internet penetration, and the availability of affordable smartphones, have contributed to the development of the Metaverse Gaming market.

The country's large youth population, with a high proportion of avid gamers, has created a significant consumer base for metaverse games. Furthermore, the increasing accessibility of the internet and smartphones has allowed more individuals to engage in online gaming, driving the demand for metaverse experiences. Underlying macroeconomic factors in Bangladesh, such as a growing economy and rising disposable incomes, have also played a role in the development of the Metaverse Gaming market.

As the economy expands, individuals have more disposable income to spend on leisure activities, including gaming. This has created a favorable environment for the growth of the metaverse gaming industry, as players are willing to invest in virtual experiences and in-game purchases. In conclusion, the Metaverse Gaming market in Bangladesh is experiencing rapid growth and development due to customer preferences for immersive gaming experiences, market trends towards virtual worlds and blockchain integration, local special circumstances such as a young and tech-savvy population, and underlying macroeconomic factors such as a growing economy and rising disposable incomes.

As the market continues to evolve, it presents significant opportunities for game developers and companies to capitalize on the growing demand for metaverse gaming in Bangladesh.

Data coverage:

Figures are based on in-app spending, consumer spending, in-game spending, app downloads, and investment and funding data.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use reports, third-party studies, and research companies. Next, we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, and internet penetration rates. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are consumer spending per capita, level of digitalization, and cloud revenues.

Additional Notes:

The market is updated twice per year in case market dynamics change. Consumer Insights data is unbiased for representativeness.

This report presents a comprehensive analysis and additional information on the Advertising & Media market, in a PDF format.

For everybody who spends a lot of time in digital worlds – for example via gaming and socializing in-game – the concept of the metaverse, a virtual world where physical and digital worlds come together, is nothing new. In-game hangouts in massively multiplayer online games (MMO) and other multiplayer games have been a vital part of the gaming community for years, and the activity received a boost during the COVID-19 pandemic when people turned to online worlds to connect with each other. Overall, these online game hangouts are an important step along the journey to metaverse gaming.