Press release
Segment Evaluation and Major Growth Areas within the Business Metaverse Market
The business metaverse market is poised for remarkable expansion as companies increasingly embrace immersive digital environments to transform enterprise operations. With rapid technological advancements and growing demand for virtual collaboration, this sector is set to redefine how businesses engage with customers, train employees, and optimize workflows. Let's explore the market's projected growth, key industry players, emerging trends, and segmentation details.Strong Growth Projections in the Business Metaverse Market Through 2030
The business metaverse market is forecasted to experience substantial growth, reaching a value of $250.55 billion by 2030. This surge is expected at a compound annual growth rate (CAGR) of 29.0%. The rapid expansion is driven by heightened enterprise demand for immersive customer engagement, expanded investments in industrial metaverse platforms, rising use of AI-powered virtual environments, broader deployment of enterprise digital twins, and an increased emphasis on secure virtual ecosystems. Key trends shaping this growth period include wider adoption of virtual collaboration tools, integration of digital twin technologies in enterprise processes, growing use of blockchain-based digital assets, enhancement of immersive training and simulation platforms, and a focus on persistent virtual workspaces that support ongoing remote interaction.
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Leading Corporations Shaping the Business Metaverse Industry
The business metaverse landscape features several prominent companies including Microsoft Corporation, Meta Platforms Inc., Siemens AG, accenture* plc, International Business Machines Corporation (IBM), NVIDIA Corporation, Lenovo Group Limited, HP Inc., Oracle Corporation, SAP SE, Dassault Systèmes SE, PTC Inc., Unity Software Inc., Epic Games Inc., Varjo Technologies Oy, Infinite Reality Inc., ENGAGE XR Holdings plc, Virbela LLC, Spatial Systems Inc., and Uptale SAS. In a notable development, in April 2025, Infinite Reality, Inc., known for immersive metaverse experiences and AI-driven virtual environments, acquired Touchcast, Inc. for $500 million. This acquisition aimed to strengthen Infinite Reality's business metaverse portfolio by integrating AI-powered enterprise virtual environments and expanding immersive collaboration and brand engagement capabilities. Touchcast, Inc. specializes in Metaverse-as-a-Service solutions.
Emerging Technologies and Innovations Driving Business Metaverse Trends
Companies in the business metaverse sector are heavily investing in cloud-based metaverse platform services to enable enterprises to design, simulate, and collaborate on virtual 3D workflows globally. These scalable cloud environments allow developers and business users to build, operate, and share digital twins, real-time 3D collaboration, simulations, and metaverse apps without the need for extensive local computing power, while ensuring enterprise-grade integration and accessibility. For example, in March 2023, NVIDIA Corporation introduced NVIDIA Omniverse Cloud, a cloud-hosted platform-as-a-service. Hosted on infrastructures like Microsoft Azure, this platform offers a comprehensive suite of metaverse building tools, simulations, and digital twin capabilities. NVIDIA Omniverse Cloud facilitates scalable collaboration and development for industrial digital twin applications, 3D design workflows, and cross-team virtual world creation, accelerating enterprise adoption of metaverse technologies.
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Detailed Segmentation of the Business Metaverse Market
The business metaverse market is analyzed across several key segments:
1) Components: Hardware, Software, Professional Services
2) Technology: Blockchain, Virtual Reality and Augmented Reality, Mixed Reality, Other Technologies
3) Organization Size: Large Enterprises, Small Enterprises
4) Application: Remote Work, Team Collaboration, Employee Training, Customer Engagement
5) End User: Retail and E-Commerce, Manufacturing and Industrial, Banking, Financial Services and Insurance, Education and Corporate Training, Healthcare, Real Estate, Travel and Tourism, Aerospace and Defense
Further breakdown includes:
- Hardware: Headsets, Displays, Sensors and Trackers, Haptic Devices, Input Devices, Other Hardware
- Software: Metaverse Platforms and Environments, Digital Twin Software, Immersive Simulation Software, Content Creation and Management Tools, Analytics and Integration Software
- Professional Services: Consulting and Strategy, System Integration and Deployment, Content Development and Design, Managed Services and Support, Training and Change Management
This comprehensive segmentation offers insight into the varied technologies, applications, and services driving the evolution of the business metaverse market globally.
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