Metaverse Gaming - Peru | Statista Market Forecast

The Metaverse Gaming market is projected to reach a value of US$53.1m in 2024, with an annual growth rate of 43.73% from 2024 to 2030.
This growth is expected to result in a projected market volume of US$468.6m by 2030.
It is worth noting that United States generates the most value in this 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 reach 4.6m users by 2030.
In 2024, the user penetration rate is projected to be 4.1%, which is expected to increase to 12.6% by 2030.
The average value per user (ARPU) is expected to amount to US$37.8.
It is important to mention that these projections and figures specifically refer to the Metaverse Gaming market in Peru.
Peru's Metaverse gaming market is experiencing rapid growth, fueled by the increasing popularity of virtual reality gaming experiences among its tech-savvy population.

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 Peru is experiencing significant growth and development due to various factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this growth.

Customer preferences play a crucial role in driving the development of the Metaverse Gaming market in Peru. Peruvian gamers are increasingly seeking immersive and interactive gaming experiences that go beyond traditional gaming platforms. The Metaverse offers a unique opportunity for gamers to engage with virtual worlds, socialize with other players, and explore new gaming experiences.

This preference for immersive and social gaming experiences has fueled the demand for Metaverse Gaming in Peru. Trends in the market also contribute to the development of the Metaverse Gaming market in Peru. The global gaming industry has witnessed a rapid shift towards the Metaverse, with major gaming companies investing heavily in this technology.

This trend has influenced the Peruvian gaming market as well, as local gaming companies and developers are embracing the Metaverse concept and creating innovative gaming experiences for Peruvian gamers. The availability of high-speed internet and advanced gaming devices in Peru has further facilitated the adoption of Metaverse Gaming. Local special circumstances in Peru also contribute to the development of the Metaverse Gaming market.

Peru has a young and tech-savvy population, with a significant number of gamers. The country's growing middle class and increasing disposable income have led to higher spending on gaming and entertainment. Additionally, the COVID-19 pandemic has accelerated the adoption of digital technologies, including gaming, as people spent more time at home.

These circumstances have created a favorable environment for the growth of the Metaverse Gaming market in Peru. Underlying macroeconomic factors also play a role in the development of the Metaverse Gaming market in Peru. The country's stable economic growth and increasing internet penetration have provided a solid foundation for the expansion of the gaming industry.

The Peruvian government has recognized the potential of the digital economy and has implemented policies to support its development. This includes initiatives to improve internet infrastructure and promote digital innovation, which have indirectly benefited the Metaverse Gaming market. In conclusion, the Metaverse Gaming market in Peru is experiencing significant growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

The demand for immersive and interactive gaming experiences, the global trend towards the Metaverse, Peru's tech-savvy population, and favorable macroeconomic conditions all contribute to the expansion of the Metaverse Gaming market in Peru.

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.