Press release
Global Metaverse In E-Commerce Market Overview Covering Forecast Market Size And Growth Rate 2033
Metaverse In E-Commerce Global Market Report 2024
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19586&type=smp
According to The Business Research Company's, The metaverse in e-commerce market size has grown exponentially in recent years. It will grow from $14.94 billion in 2023 to $20.53 billion in 2024 at a compound annual growth rate (CAGR) of 37.4%. The growth in the historic period can be attributed to the rise of 5G technology, the rise of social commerce, increased usage of mobile devices and tablets, increasing adoption of virtual and augmented reality and the increased visual and sensory experiences.
The metaverse in e-commerce market size is expected to see exponential growth in the next few years. It will grow to $73.47 billion in 2028 at a compound annual growth rate (CAGR) of 37.5%. The growth in the forecast period can be attributed to the rise of non-fungible tokens (NFTs), demand for enhanced security and privacy, growing prevalence of decentralized e-commerce platforms, increasing demand for immersive and interactive shopping, and the increasing demand for online shopping. Major trends in the forecast period include integration of blockchain technology, innovation in payment systems and financial transactions, AI-driven personalization, new product innovation, and technological advancement.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/metaverse-in-e-commerce-global-market-report
Market Drivers and Trends:
The rise of social commerce is expected to propel the growth of the metaverse in e-commerce markets going forward. Social commerce refers to using social media platforms to facilitate online buying and selling through integrated shopping features. Social commerce is rising due to increased social media usage, seamless integration of shopping experiences, and the influence of social interactions on purchasing decisions. The metaverse in e-commerce enhances social commerce by creating immersive, interactive shopping experiences that integrate social interactions with virtual storefronts and product exploration. For instance, in February 2024, according to the Census Bureau of the Department of Commerce, a US-based government department, the estimated U.S. retail e-commerce sales for the second quarter of 2024 reached $282.3 billion, reflecting a 5.3% (± 0.7) increase from the first quarter of 2023. Therefore, the rise of social commerce is driving the growth of the metaverse in the e-commerce market.
Major companies operating in the metaverse in the e-commerce market are developing in-game shopping experiences to seamlessly integrate shopping with gameplay, enhance user engagement, and drive revenue through virtual product sales. In-game shopping allows players to buy virtual items or upgrades within a game, using either real or in-game currency, to enhance their experience or customize their characters. For instance, in May 2023, Amazon, a US-based multinational technology company, launched Amazon Anywhere. It is a set of application programming interfaces (APIs) for app and game developers. It lets customers purchase physical products directly from the Amazon store while playing virtual environments such as video games and augmented reality (AR) applications. It features in-game shopping, product integration, a variety of products, order management, and APIs for developers to integrate Amazon's shopping capabilities into their applications and games. This seamless shopping experience allows users to shop within the game or app while enhancing user engagement.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Microsoft Corporation, Alibaba Group, Meta Platforms Inc., Tencent Holdings Limited, Amazon Web Services (AWS), Sony Corporation, Nike Inc., NVIDIA Corporation, Adidas Inc., Shopify Inc., Flipkart, Etsy Inc., Roblox Corporation, Epic Games Inc., BigCommerce Holdings Inc., HTC Corporation, Animoca Brands Corporation Ltd., Decentraland, Ready Player Me, The Sandbox, ARuVR, Verpex hosting LTD
Metaverse In E-Commerce Market 2024 Key Insights:
• The metaverse in e-commerce market size is expected to see exponential growth in the next few years. It will grow to $73.47 billion in 2028 at a compound annual growth rate (CAGR) of 37.5%.
• Rise Of Social Commerce Drives The Growth In Metaverse In E-Commerce
• Advancement In E-commerce Platforms With Augmented Reality And In-Game Shopping Services
• North America was the largest region in the metaverse in e-commerce market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=19586&type=smp
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Metaverse In E-Commerce Market Overview Covering Forecast Market Size And Growth Rate 2033 here
News-ID: 3768684 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Commerce
E-Commerce Sales Services Market Transforming the Growth Landscape | Softtek, Ma …
IMR posted new studies guide on E-Commerce Sales Services Market Insights with self-defined Tables and charts in presentable format. In the Study you may locate new evolving Trends, Drivers, Restraints, Opportunities generated via targeting market related stakeholders. The boom of the E-Commerce Sales Services marketplace became specifically driven with the aid of the growing R&D spending internationally.
Some of the Top Leading Key Players: Softtek, Maersk, BigCommerce, Groove Commerce, Shanghai Baozun…
Commerce as a Service (CaaS) Market: Transforming E-commerce Solutions
Mobile devices such as smartphones and tablets are increasing the touch points and attracting customer traffic to the site, which is expected to help bring new channel sales to e-commerce businesses. In addition, low network bandwidth and weak network signals hinder the growth of the Commerce as a Service (CaaS) market. Furthermore, security issues related to payment processes are key factors limiting the Commerce as a Service (CaaS) market growth.…
Mastering Adobe Commerce Development: Unleashing the Power of E-Commerce
In the rapidly evolving digital landscape, e-commerce has become an indispensable part of business operations. The success of any online store hinges on seamless user experience, efficient management of products, and a robust backend system. This is where Adobe Commerce Development, formerly known as Magento, steps in as a leading open-source e-commerce platform. In this blog post, we will explore the key aspects of Adobe Commerce Development and understand how…
Mobile Commerce (M-Commerce) Market 2022 | Detailed Report
The Mobile Commerce (M-Commerce) research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market’s key players. Furthermore, the report offers insightful market data and information about the Mobile…
Omnichannel Commerce Software Market Is Booming Worldwide with Blueport Commerce …
Worldwide Omnichannel Commerce Software Market In-depth Research Report 2021, Forecast to 2026 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Worldwide Omnichannel Commerce Software Market. Some of the key players profiled in the study are…
Subscription Commerce Platform Market Set for Explosive Growth | PeakCommerce, B …
Latest published market study on Worldwide Subscription Commerce Platform Market provides an overview of the current market dynamics in the Worldwide Subscription Commerce Platform space, as well as what our survey respondents—all outsourcing decision-makers—predict the market will look like in 2027. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities. Some of the players that…
