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Metaverse In E-Commerce Market Size Forecasted To Achieve $100.89 Billion By 2029 With Steady Growth
Metaverse In E-Commerce
What Is the Metaverse In E-Commerce Market Size and Projected Growth Rate?
The metaverse in e-commerce market size will grow from $20.53 billion in 2024 to $28.28 billion in 2025 at a compound annual growth rate (CAGR) of 37.8%. 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 is expected to grow to $100.89 billion in 2029 at a CAGR of 37.4%. Growth is due to NFTs, enhanced security, decentralized platforms, interactive shopping, and online shopping demand. Trends include blockchain integration, payment innovations, AI-driven personalization, product innovation, and technological a
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What Are the Major Segments in the Metaverse In E-Commerce Market?
The metaverse in e-commercemarket covered in this report is segmented -
1) By Technology: Augmented Reality (AR) Or Virtual Reality (VR) Headset, Blockchain, Mixed Reality, Other Technologies
2) By Platform: Computer, Mobile, Headset
3) By Application: Virtual Stores, Virtual Events, Virtual Product Discovery, Virtual Customer Service, Virtual Payments
Subsegments:
1) By Augmented Reality (AR) Or Virtual Reality (VR) Headset: Standalone VR Headsets, Tethered VR Headsets, AR Smart Glasses, Mobile AR Applications
2) By Blockchain: Cryptocurrency Payment Systems, Smart Contracts For Transactions, Supply Chain Management Solutions, Digital Identity Verification
3) By Mixed Reality: Holographic Displays, Immersive Retail Experiences, Interactive Virtual Showrooms
4) By Other Technologies: Artificial Intelligence (AI), 3D Modeling and Rendering Software, Social Commerce Platforms, Cloud Computing Solutions
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What Are The Driving Metaverse In E-Commerce Market Evolution?
The rise of social commerce is set to boost the growth of the metaverse in e-commerce markets. Social commerce, driven by increased social media usage and integrated shopping features, is fostering growth. The metaverse enhances this by offering immersive shopping experiences. For instance, in February 2024, U.S. retail e-commerce sales reached $282.3 billion, marking a 5.3% increase from the previous year. This growth is contributing to the development of the metaverse in e-commerce.
Which Firms Dominate The Metaverse In E-Commerce Market Segments?
Major companies operating in the metaverse in e-commerce market are 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
What Metaverse In E-Commerce Market Trends Are Gaining Traction Across Different Segments?
In the metaverse e-commerce market, companies are developing in-game shopping experiences to integrate shopping with gameplay and boost user engagement. In May 2023, Amazon, a US-based technology company, introduced Amazon Anywhere, a set of APIs that enables customers to purchase physical products directly while playing virtual environments like video games or AR applications. This feature enhances user interaction and provides a seamless shopping experience within virtual settings.
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Which Is The Largest Region In The Metaverse In E-Commerce Market?
North America was the largest region in the metaverse in e-commerce market in 2024. The regions covered in the metaverse in e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Metaverse In E-Commerce Market?
2. What is the CAGR expected in the Metaverse In E-Commerce Market?
3. What Are the Key Innovations Transforming the Metaverse In E-Commerce Industry?
4. Which Region Is Leading the Metaverse In E-Commerce Market?
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