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Metaverse Live Entertainment - Americas

Americas
  • The projected value in the Metaverse Live Entertainment market in 2024 is expected to reach US$111.1m.
  • The market is projected to show an annual growth rate of 10.21% from 2024 to 2030, resulting in a projected market volume of US$199.0m by 2030.
  • In 2024, United States is the country generating the most value in this market, with a projected market volume of US$89.2m.
  • By 2030, the number of users in the Metaverse Live Entertainment market is expected to reach 718.5k users.
  • The user penetration rate is projected to be 0.1% in 2024 and is expected to increase to 0.1% by 2030.
  • The average value per user (ARPU) is expected to amount to US$209.8.
  • The Americas are witnessing a surge in virtual concerts and immersive live entertainment experiences within the Metaverse.

Definition:

The Live Entertainment market refers to the use of virtual and augmented reality technology to create immersive experiences for live events and performances. This includes virtual concerts, theater productions, and comedy shows. These events can be attended by users in the metaverse, who can interact with each other and the performers in real time.

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. Key players in the market include companies, such as live events in Fortnite with performances by Marshmello or Travis Scott. For more information on the data displayed, use the info button right next to the boxes.

In-Scope

  • Virtual concerts, such as Travis Scott in the metaverse
  • Virtual festivals, such as the Metaverse Festival
  • Virtual art galleries, such as VR Museum of Fine Art

Out-Of-Scope

  • Live concerts streamed, such as streaming on Twitch or Youtube
  • Sport events streamed, such as Football
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Market Insights report

Metaverse: market data & analysis

Study Details

    Market Size

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Metaverse Live Entertainment market in Americas is experiencing significant growth and development due to several key factors. Customer preferences are shifting towards immersive and interactive experiences, driving the demand for metaverse live entertainment. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the expansion of this market in the region.

    Customer preferences:
    Customers in the Americas are increasingly seeking out unique and engaging entertainment experiences. They are looking for ways to escape reality and immerse themselves in virtual worlds. The Metaverse Live Entertainment market provides them with the opportunity to do just that. By participating in virtual concerts, events, and performances, customers can interact with artists, explore virtual environments, and have a personalized and memorable experience.

    Trends in the market:
    One of the key trends in the Metaverse Live Entertainment market in Americas is the rise of virtual concerts. Artists and musicians are leveraging the power of technology to create immersive and interactive virtual concerts that can be accessed from anywhere in the world. These virtual concerts allow artists to reach a global audience and provide fans with a unique and personalized experience. The popularity of virtual concerts is expected to continue growing as more artists embrace this new format. Another trend in the market is the integration of social elements into the metaverse live entertainment experience. Customers are looking for ways to connect with others and share their experiences. This has led to the development of virtual social platforms where users can interact with each other, attend virtual events together, and even create their own virtual worlds. The social aspect of the metaverse live entertainment market is a key driver of its growth in the Americas.

    Local special circumstances:
    The Americas have a vibrant entertainment industry, with a rich history of music, film, and live performances. This cultural background has created a strong demand for entertainment experiences in the region. Additionally, the size and diversity of the population in the Americas provide a large and varied customer base for metaverse live entertainment. The region is home to many influential artists and musicians who are leading the way in embracing virtual experiences and driving the market forward.

    Underlying macroeconomic factors:
    The Metaverse Live Entertainment market in Americas is also benefiting from underlying macroeconomic factors. The increasing availability and affordability of high-speed internet connections have made it easier for customers to access virtual experiences. The growing popularity of smartphones and other connected devices has further expanded the reach of metaverse live entertainment. Additionally, the COVID-19 pandemic has accelerated the adoption of virtual experiences as people seek alternative forms of entertainment while staying at home. In conclusion, the Metaverse Live Entertainment market in Americas is experiencing rapid growth and development due to customer preferences for immersive and interactive experiences, the integration of social elements, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, it is expected to provide customers with even more innovative and engaging virtual entertainment options.

    Reach

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    Figures are based on in-app spending, consumer 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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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    Metaverse - Statistics & Facts

    Regarded as the next iteration of the internet, the metaverse is where the physical and digital worlds come together. As an evolution of social technologies, the metaverse allows digital representations of people, avatars, to interact with each other in a variety of settings. Whether it be at work, in an office, going to concerts or sports events, or even trying on clothes, the metaverse provides a space for endless, interconnected virtual communities using virtual reality (VR) headsets, augmented reality (AR) glasses, smartphone apps, or other devices.
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