Metaverse Gaming - Portugal | Statista Market Forecast

The Metaverse Gaming market is projected to reach a value of US$63.5m in 2024.
This market segment is expected to show a strong annual growth rate (CAGR 2024-2030) of 43.74%, resulting in a projected market volume of US$559.9m by 2030.
In Portugal, the market is expected to reach a value of US$7.5bn in 2024.
The United States generates the most value in the Metaverse Gaming market, with a projected market volume of US$7.5bn in 2024.
However, it is important to note that this market segment is not limited to any particular country and has a global reach.
In terms of user base, the number of users in the Metaverse Gaming market is expected to amount to 2.3m users by 2030.
User penetration, which refers to the percentage of the population using Metaverse Gaming market, is projected to be 6.8% in 2024 and is expected to increase to 22.9% by 2030.
The average value per user (ARPU) in the Metaverse Gaming market is expected to amount to US$90.8.
This metric provides insights into the average spending or value generated by each user in this market segment.
Portugal's thriving gaming community has embraced the Metaverse, with local developers creating immersive virtual experiences that captivate players.

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 Portugal is experiencing significant growth and development, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Metaverse Gaming market in Portugal are playing a crucial role in its development.

Portuguese gamers are increasingly seeking immersive and interactive gaming experiences, which the Metaverse offers. The ability to create personalized avatars, explore virtual worlds, and engage in social interactions with other players is highly appealing to the Portuguese gaming community. Additionally, the younger generation in Portugal, who are more technologically savvy, are particularly drawn to the Metaverse Gaming market, as it aligns with their digital lifestyle and desire for novel gaming experiences.

Trends in the market are also contributing to the growth of the Metaverse Gaming market in Portugal. The increasing popularity of virtual reality (VR) and augmented reality (AR) technologies is driving the demand for Metaverse gaming experiences. Portuguese gamers are eager to embrace these emerging technologies and explore the possibilities they offer in the gaming realm.

Furthermore, the rise of esports in Portugal has created a thriving ecosystem that complements the Metaverse Gaming market. Esports events and tournaments often take place in virtual worlds within the Metaverse, attracting both professional players and spectators. Local special circumstances in Portugal are further fueling the development of the Metaverse Gaming market.

The country's strong internet infrastructure and high smartphone penetration rate provide a solid foundation for the growth of online gaming and the Metaverse. Additionally, Portugal's vibrant startup ecosystem and supportive government policies are encouraging the emergence of local companies specializing in Metaverse gaming development. This has led to the creation of innovative gaming experiences that cater specifically to the Portuguese market, further driving its growth.

Underlying macroeconomic factors also contribute to the development of the Metaverse Gaming market in Portugal. The country's stable economy and increasing disposable income among the population have resulted in a higher willingness to spend on entertainment and leisure activities, including gaming. Furthermore, the COVID-19 pandemic has accelerated the adoption of online gaming and virtual experiences, as people sought alternative forms of entertainment during lockdowns and social distancing measures.

This has created a favorable environment for the Metaverse Gaming market to thrive. In conclusion, the Metaverse Gaming market in Portugal is experiencing rapid growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. As Portuguese gamers increasingly seek immersive and interactive gaming experiences, the Metaverse offers a compelling solution.

With the support of strong internet infrastructure, a vibrant startup ecosystem, and favorable macroeconomic conditions, the Metaverse Gaming market in Portugal is poised for continued expansion.

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.