Metaverse Gaming - United States | Statista Market Forecast

The projected value in the Metaverse Gaming market is estimated to reach US$7.5bn by 2024.
This value is expected to exhibit an annual growth rate (CAGR 2024-2030) of 40.65%, resulting in a projected market volume of US$57.7bn by 2030.
It is noteworthy that United States generates the majority of this value, with a projected market volume of US$7.5bn by 2024.
In terms of user numbers, the Metaverse Gaming market is expected to have approximately 81.9m users users by 2030.
The user penetration rate, which is the proportion of the population using Metaverse Gaming market, is projected to be 7.9% in 2024 and is anticipated to increase to 23.3% by 2030.
Furthermore, the average value per user, also known as ARPU, is expected to be US$276.4.
The United States is experiencing a surge in the adoption of Metaverse gaming, with gamers increasingly immersing themselves in virtual worlds for social interaction and entertainment.

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 United States has been experiencing significant growth and development in recent years.

Customer preferences: Customers in the United States have shown a strong interest in the Metaverse Gaming market due to its immersive and interactive nature. The ability to create virtual avatars, explore virtual worlds, and engage in social interactions with other players has appealed to a wide range of gamers. Additionally, the increasing availability of virtual reality (VR) and augmented reality (AR) technologies has further enhanced the gaming experience, attracting more customers to the Metaverse Gaming market.

Trends in the market: One of the key trends in the Metaverse Gaming market in the United States is the rise of esports. Esports refers to competitive video gaming, where players compete against each other in various games. Esports has gained immense popularity in the United States, with professional leagues, tournaments, and even dedicated esports arenas being established. The Metaverse Gaming market has capitalized on this trend by providing platforms and virtual spaces for esports events, allowing players and fans to come together in a virtual environment. Another trend in the Metaverse Gaming market in the United States is the integration of blockchain technology. Blockchain technology enables secure and transparent transactions, which is particularly important in virtual economies within the Metaverse. By utilizing blockchain, players can trade virtual assets, such as in-game items and currencies, with confidence. This trend has not only enhanced the gaming experience but has also created new opportunities for players to monetize their virtual activities.

Local special circumstances: The United States has a well-developed gaming industry, with a large number of game developers and publishers based in the country. This has created a favorable environment for the growth of the Metaverse Gaming market, as there is a constant influx of new and innovative games. The presence of major gaming companies in the United States has also contributed to the development of the Metaverse Gaming market, as these companies have the resources and expertise to create high-quality virtual experiences.

Underlying macroeconomic factors: The strong economy of the United States has played a significant role in the development of the Metaverse Gaming market. With a high disposable income and a culture that embraces technology and entertainment, consumers in the United States are willing to invest in the latest gaming technologies and experiences. Additionally, the increasing adoption of high-speed internet and the widespread availability of smartphones have made it easier for consumers to access and participate in the Metaverse Gaming market. In conclusion, the Metaverse Gaming market in the United States is experiencing growth and development due to customer preferences for immersive and interactive gaming experiences, the rise of esports, the integration of blockchain technology, the presence of a well-developed gaming industry, and the strong macroeconomic factors in the country.

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.