Metaverse Virtual Assets - Indonesia

The projected value in the Metaverse Virtual Assets market is expected to reach US$30.7m in 2024.
This market is also projected to show an annual growth rate (CAGR 2024-2030) of 23.63%, resulting in a projected market volume of US$109.5m by 2030.
In Indonesia, the projected market volume is expected to be US$1.1bn in 2024.
It is worth noting that United States generates the most value in this market segment.
Looking at the number of users, it is expected to amount to 2.1m users by 2030.
The user penetration rate is projected to be 0.6% in 2024 and is expected to reach 0.7% by 2030.
Furthermore, the average value per user (ARPU) is expected to be US$17.7.
The Metaverse Virtual Assets market presents considerable potential for growth and development in Indonesia.
Indonesia's Metaverse Virtual Assets market is witnessing a surge in demand due to the country's tech-savvy population and growing interest in virtual reality experiences.

Definition:

The Virtual Assets market refers to the buying, selling, and trading of digital assets within virtual worlds and metaverse platforms. These assets range widely and include virtual currency and virtual collectibles.

Structure:

The Virtual Assets market includes Cryptocurrencies and NFTs. Cryptocurrencies refer to digital or virtual currencies that use cryptography for security, are decentralized, and operate independently from a central bank. They can be used as a medium of exchange within virtual worlds and metaverse platforms, which enable users to buy and sell virtual assets and make transactions without the need for a traditional financial intermediary. NFTs, or non-fungible tokens, are a type of digital asset that represents ownership of a unique item, such as a virtual collectible, virtual artwork, or virtual real estate property. Unlike cryptocurrencies, NFTs cannot be replaced by an identical copy, and their ownership is verified on a blockchain ledger. NFTs can be used to represent ownership of virtual assets within virtual worlds and metaverse platforms, and they can be bought, sold, and traded just like physical assets.

Additional Notes:

The market comprises market sizes, users, average revenue per user, and penetration rates. Market sizes show transaction values generated thorugh the metaverse using virtual assets. Market numbers for Virtual Assets are also featured in the Digital Media insights. Most used cryptocurrencies and NFTs in the market include Ethereum, Bitcoin, and Enjin Coin. For more information on the data displayed, use the info button right next to the boxes.

Cryptocurrencies used to buy goods in the metaverse, such as Ethereum
Non-fungible tokens bought in and for the metaverse, such as on OpenSea

Non-related metaverse transactions with cryptocurrencies, such as buying physical good with Bitcoin
Non-related metaverse transactions of Non-fungible tokens, such as buying digital art or collectibles

The Metaverse Virtual Assets market in Indonesia is experiencing significant growth and development. Customer preferences for virtual assets are evolving, and there are several trends in the market that are driving this growth.

Additionally, there are local special circumstances and underlying macroeconomic factors that are contributing to the expansion of the Metaverse Virtual Assets market in Indonesia. Customer preferences in Indonesia are shifting towards virtual assets as technology continues to advance. Indonesians are increasingly interested in exploring virtual worlds and engaging in virtual activities.

This is driven by a desire for immersive experiences and the ability to connect with others in a virtual environment. As a result, there is a growing demand for virtual assets such as virtual real estate, virtual fashion items, and virtual currencies. One of the key trends in the Metaverse Virtual Assets market in Indonesia is the rise of virtual real estate.

Indonesians are investing in virtual land and properties within virtual worlds, creating a market for buying, selling, and renting virtual properties. This trend is driven by the desire for ownership and the potential for financial gains through virtual real estate investments. Another trend in the market is the emergence of virtual fashion items.

Indonesians are increasingly interested in customizing their virtual avatars with unique clothing, accessories, and other fashion items. This trend is fueled by the desire for self-expression and personalization in virtual worlds. The use of virtual currencies is also on the rise in Indonesia.

Virtual currencies such as cryptocurrencies and in-game currencies are being used for various purposes, including purchasing virtual assets, participating in virtual economies, and engaging in virtual transactions. This trend is driven by the convenience and security of virtual currencies, as well as the potential for financial gains. In addition to these trends, there are local special circumstances that are contributing to the growth of the Metaverse Virtual Assets market in Indonesia.

Indonesia is a country with a large and young population, which presents a significant market for virtual assets. The country also has a growing digital economy and a strong appetite for technology and innovation. Underlying macroeconomic factors are also playing a role in the development of the Metaverse Virtual Assets market in Indonesia.

The country's economic growth and increasing disposable income are enabling more Indonesians to participate in the virtual assets market. Additionally, the government's support for the digital economy and technology sector is creating a favorable environment for the growth of the Metaverse Virtual Assets market. In conclusion, the Metaverse Virtual Assets market in Indonesia is experiencing rapid growth and development.

Customer preferences for virtual assets are evolving, and there are several trends in the market that are driving this growth. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the expansion of the market. As technology continues to advance and Indonesians become more interested in virtual experiences, the Metaverse Virtual Assets market in Indonesia is expected to continue growing in the coming years.

Data coverage:

Figures are based on transaction values, revenues, and assets under management.

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, 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.

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.