Metaverse Gaming - CIS | Statista Market Forecast

The Metaverse Gaming market is projected to reach a value of US$294.9m in 2024.
This value is expected to demonstrate an annual growth rate (CAGR 2024-2030) of 43.20%, resulting in a projected market volume of US$2.5bn by 2030.
It is worth noting that United States generates the most value in the Metaverse Gaming market, 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 amount to 25.4m users by 2030.
The user penetration rate is projected to be 5.4% in 2024 and is expected to increase to 18.0% by 2030.
Furthermore, the average value per user (ARPU) is anticipated to be US$37.7.
In the thriving Metaverse Gaming market, CIS stands out as a hub for skilled and competitive gamers, attracting global attention.

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 CIS is experiencing significant growth and development, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Metaverse Gaming market in CIS are influenced by the increasing popularity of online gaming and virtual reality experiences.

With the advancement of technology and the growing availability of high-speed internet, more and more gamers in CIS are seeking immersive and interactive gaming experiences. The Metaverse provides a platform for gamers to explore virtual worlds, interact with other players, and participate in various activities, which aligns with the preferences of the tech-savvy and digitally connected population in CIS. Trends in the market indicate that the Metaverse Gaming industry in CIS is witnessing a surge in investments and partnerships.

Major gaming companies are expanding their presence in the region by launching Metaverse platforms and collaborating with local developers to create localized content. This trend is driven by the recognition of the market potential in CIS and the desire to cater to the specific preferences and interests of the local gaming community. Additionally, the COVID-19 pandemic has further accelerated the adoption of Metaverse Gaming in CIS, as people turned to virtual worlds to socialize and entertain themselves during lockdowns and travel restrictions.

Local special circumstances also contribute to the development of the Metaverse Gaming market in CIS. The region has a rich cultural heritage and a diverse population, which presents opportunities for the creation of unique and immersive virtual experiences. Local game developers are leveraging this cultural richness to design Metaverse games that resonate with the local audience, incorporating elements of folklore, history, and traditional art.

Furthermore, the relatively lower cost of living and the presence of a skilled workforce in CIS make it an attractive destination for international gaming companies to establish their operations and tap into the growing market. Underlying macroeconomic factors play a significant role in driving the growth of the Metaverse Gaming market in CIS. The region has been experiencing steady economic growth, which has led to an increase in disposable incomes and a higher spending capacity among consumers.

This, coupled with the rising popularity of gaming as a form of entertainment, has created a favorable environment for the Metaverse Gaming industry to thrive. Additionally, government initiatives to promote the development of the digital economy and support the gaming sector have further fueled the growth of the Metaverse Gaming market in CIS. In conclusion, the Metaverse Gaming market in CIS is witnessing rapid growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

The increasing popularity of online gaming, the surge in investments and partnerships, the unique cultural opportunities, and the favorable macroeconomic environment are all contributing to the expansion of the Metaverse Gaming industry in CIS.

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.