Metaverse Gaming - Belgium | Statista Market Forecast

By the year 2024, the projected value in the Metaverse Gaming market is set to reach US$115.0m.
Looking ahead, this market segment is expected to exhibit a compound annual growth rate (CAGR 2024-2030) of 43.63%, resulting in a projected market volume of US$1.0bn by 2030.
It is worth noting that United States leads the way in terms of generating value, with a projected market volume of US$7.5bn in 2024.
In terms of user base, the number of users in the Metaverse Gaming market is expected to reach 3.3m users by 2030.
User penetration, which currently stands at 8.6% in 2024, is projected to increase to 27.8% by 2030.
Additionally, the average value per user (ARPU) is expected to amount to US$114.6.
in Belgium, being an active participant in the global gaming industry, will also play a significant role in the growth and development of the Metaverse Gaming market.
Belgium's Metaverse Gaming market is thriving with a vibrant community of gamers and a strong presence of local game developers.

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 Belgium is experiencing significant growth and development, driven by customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Metaverse Gaming market in Belgium are evolving, with a growing demand for immersive and interactive gaming experiences.

Players are increasingly seeking virtual worlds that offer a sense of community, social interaction, and personalization. They are drawn to games that allow them to create and customize their own avatars, explore virtual environments, and engage in collaborative gameplay with friends and other players. Additionally, there is a rising interest in metaverse platforms that integrate gaming with other forms of entertainment, such as music, art, and virtual events.

Trends in the market indicate a shift towards cross-platform and cross-reality gaming experiences. Players in Belgium are embracing the concept of the metaverse, where they can seamlessly switch between different devices and platforms to access their favorite games and interact with other players. This trend is fueled by advancements in technology, such as cloud gaming and virtual reality, which enable a more immersive and accessible gaming experience.

Furthermore, the integration of blockchain technology in metaverse gaming is gaining traction, as players are attracted to the idea of owning and trading virtual assets securely. Local special circumstances in Belgium contribute to the development of the Metaverse Gaming market. Belgium has a strong gaming culture, with a high percentage of the population actively participating in gaming activities.

The country is known for its talented game developers and has a supportive ecosystem that fosters innovation and creativity. Additionally, Belgium's central location in Europe makes it an attractive market for international gaming companies to expand their presence and tap into the growing metaverse gaming industry. Underlying macroeconomic factors also play a role in the growth of the Metaverse Gaming market in Belgium.

The country has a stable economy and a high standard of living, which provides consumers with the disposable income to invest in gaming and entertainment. Furthermore, the COVID-19 pandemic has accelerated the adoption of digital entertainment, including metaverse gaming, as people spend more time at home and seek alternative forms of entertainment. This increased demand for virtual experiences has created a favorable environment for the development and expansion of the Metaverse Gaming market in Belgium.

In conclusion, the Metaverse Gaming market in Belgium is experiencing significant growth and development due to evolving customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for immersive and interactive gaming experiences, cross-platform and cross-reality gaming, and the integration of blockchain technology are driving the market forward. Belgium's gaming culture, supportive ecosystem, and stable economy further contribute to the growth of the Metaverse Gaming market.

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.