Market Research Future (MRFR) has published a cooked research report on the “Metaverse in Real Estate Market” that contains information from 2018 to 2032. The Metaverse in Real Estate Market is estimated to register a CAGR of 39.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Metaverse in the Real Estate Market— Linden Lab, Metaverse Group, Decentraland Marketplace, Zillow, The Sandbox, and Axie Infinity.
Metaverse in Real Estate Market Highlights
The Metaverse in Real Estate Market is accounted to register a CAGR of 39.50% during the forecast period and is estimated to reach USD 26.00 billion by 2032.
The real estate industry is undergoing a profound transformation due to the significant traction gained by virtual land sales. Technological advancements are playing a pivotal role in this shift, with the global popularity of the metaverse soaring as technology adoption continues to rise.
Segment Analysis
The global Metaverse in Real Estate Market has been segmented based on the Type, End-Use, and Component.
Based on the Type, the market is segmented into Buy Metaverse Real Estate, Sell Metaverse Real Estate, and Rent Metaverse Real Estate. The buy metaverse real estate segment was attributed to holding the largest market share in 2022. In the metaverse, participants can engage in the acquisition, trade, and ownership of virtual properties, facilitated by the use of blockchain technology. These digital assets encompass a spectrum from virtual plots of land to complete virtual structures. The utilization of blockchain ensures the integrity and transparency of transactions, as ownership details are securely recorded on the blockchain, thereby establishing a distinctive and limited digital asset.
Based on the End-Use, the Metaverse in the Real Estate Market has been segmented into Individual Game Users and Virtual Real Estate Developers. The virtual real estate developers segment was expected to hold the largest market share in 2022. Virtual Real Estate Developers play a pivotal role in crafting digital assets within the metaverse, encompassing the design and construction of virtual properties, ranging from singular structures to complete digital landscapes. Employing blockchain technology, developers establish secure and transparent transaction frameworks in the metaverse, ensuring the authentication of ownership and traceability of digital assets, thereby contributing to the development of exclusive and scarce virtual properties.
Based on the Components, the Metaverse in the Real Estate Market has been segmented into Hardware and software. The software segment was expected to hold the largest market share in 2022. The Software segment within the Metaverse Real Estate Market encompasses the development and implementation of tailored software solutions for the metaverse. This includes the creation of platforms, applications, and tools designed to facilitate seamless virtual real estate transactions, interactions, and experiences. To ensure the integrity of these transactions, software solutions often employ blockchain technology and smart contracts, establishing a secure, transparent, and tamper-proof framework. Blockchain plays a crucial role in authenticating ownership, recording property details, and maintaining a decentralized and reliable ledger.
Regional Analysis
The global Metaverse in the Real Estate Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Metaverse in Real Estate Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Metaverse in Real Estate Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Metaverse in the Real Estate Market comprises of Middle East, Africa, and Latin America.
The largest market share for the Metaverse in the Real Estate Market was maintained by the North American regional sector. In the North American region, there is a noticeable surge in the adoption of virtual real estate platforms within the metaverse. Approximately 74% of American adults are either contemplating or have already become participants in the metaverse. Projections indicate that by 2026, a quarter of Americans will dedicate at least an hour daily to activities within the metaverse. The economic impact of the Metaverse is anticipated to be substantial, with estimates suggesting a potential addition of five trillion US dollars to the global economy by the year 2030. These platforms provide a robust infrastructure for users to engage in the acquisition, sale, and development of virtual properties, effectively establishing a digital real estate market.
Moreover, the Europe market has been persistently growing over the forecast period. The expansion encompasses the establishment of digital real estate ecosystems, featuring virtual properties, buildings, and landscapes. In 2022, the valuation of the commercial real estate sector exceeded nine trillion U.S. dollars, with listed real estate companies collectively holding a market capitalization close to 411 million U.S. dollars. Monetization strategies within this growth phase may involve the commercialization of virtual spaces through sales or rentals, organizing virtual events, and incorporating advertising opportunities. These initiatives are designed to generate revenue streams within the metaverse.
The Asia Pacific region has established itself as a leader in technological advancements, particularly in augmented reality (AR), virtual reality (VR), and blockchain technology. These innovations are integral to elevating user experiences within the Metaverse Real Estate Market. According to a study conducted by Goldman Sachs, projections indicate that by 2025, the strategic implementation of VR and AR technologies could contribute a substantial $2.6 billion to India's real estate sector. This contribution is expected to result from enhanced customer engagement and satisfaction facilitated by these cutting-edge technologies, which play a pivotal role in crafting immersive virtual environments.
Furthermore, the rest of the world's Metaverse in Real Estate Market is divided into the Middle East, Africa, and Latin America. Technological progress in the regions, marked by innovations such as augmented reality (AR), virtual reality (VR), and blockchain, is actively enhancing user experiences within the Metaverse Real Estate Market. The pivotal role of these technologies lies in the creation of immersive virtual environments.
Key Findings of the Study
- The global Metaverse in Real Estate Market is expected to reach USD 26.00 billion by 2032, at a CAGR of 39.50% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market because Regulatory frameworks in the Asia-Pacific region play a significant role in shaping the metaverse landscape. Adherence to regulatory guidelines and the development of standards are crucial for market stability and investor confidence.
- Based on type, the buy metaverse real estate segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.
- Linden Lab, Metaverse Group, Decentraland Marketplace, Zillow, The Sandbox, Axie Infinity.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.