Metaverse Statistics 2024 By Usage, Users and Revenue

Introduction

Metaverse is a virtual shared space that allows people to interact in the virtual world just like they do in real life. It has become increasingly important across various industries, with online gaming being the most prominent. Metaverse Statistics predicts that in the future, the “Metaverse” concept will have its own virtual economy, where avatars, clothing, and other virtual items will be bought, sold, and traded online. As a result, NFTs (Non-fungible tokens) are currently established in the market and are expected to become even more significant in the metaverse economy. The term “Metaverse” encompasses a wide range of concepts. Let’s take a look at the recent Metaverse Statistics below.

Editor’s Choice

• 8% of tech experts say that the metaverse’s importance will increase in the next five years.
• Around 44% of metaverse users are most excited to use it for communication purposes with family and friends.
• 3 out of 4 Americans believe that the metaverse is risky when it comes to life in reality, as it may have serious harmful effects.
• In the worldwide comparison, the United States of America is estimated to hold a significant value for the Metaverse market, contributing $23.0 billion in 2024.
• Between 2024 and 2030, the worldwide metaverse market is projected to grow at an annual growth rate of 37.73%, reaching $507.08 billion by 2030.
• Around 44% of people collectively said they had used virtual reality headsets, joined virtual worlds, purchased digital products, etc.
• More than 25% of consumers around the world are interested in trying virtual experiences, which include activities such as museum and art tours, music concerts, dance, and cooking classes (28%), safari and zoo tours (27%), live performances and travel (26%), and fitness (25%).
• 50% of Americans agree that low-priced VR headsets are the leading driving factors of the metaverse.
• Metaverse Statistics by awareness show that, in 2023, most people in all age groups had heard little about the term Metaverse. 
• Around 24% of Americans think that the metaverse is likely to replace social media networks in the coming years.

General Metaverse Statistics

• According to research, 3 out of 4 Americans believe that the metaverse is risky when it comes to life in reality, as it may have serious harmful effects.
• Around 44% of metaverse users are most excited to use it for communication purposes with family and friends.
• At least 31% of American adults have never heard about Metaverse.
• As of today, Roblox is the most popular metaverse-based game, with 55 million players actively playing it daily.
• Around 60% of gamers said they had used the metaverse for non-gaming-related activities, including shopping and socializing. 
• More than 50% of internet users believe that their personal data is not secure in the metaverse.
• According to Metaverse Statistics, 8% of tech experts say that the metaverse’s importance will increase in the next five years.
• More than 25% of consumers around the world are interested in trying virtual experiences, which include activities such as museum and art tours, music concerts, dance and cooking classes (28%), safari and zoo tours (27%), live performances and travel (26%), and fitness (25%).
• Around 24% of Americans think that the metaverse is likely to replace social media networks in the coming years.
• 50% of Americans agree that low-priced VR headsets are the leading driving factors of the metaverse.
• 88% of metaverse users said it is possible to form relationships in the virtual world.
• 54% of metaverse gamers are likely to create avatars that do not look like them in real life.

Metaverse Market By Region

Worldwide

• The worldwide metaverse market is estimated to reach $74.4 billion in 2024.
• The average Value per user is expected to be $79.5.
• The market is projected to grow at an annual rate of 37.73% between 2024 and 2030, reaching $507.08 billion by 2030.
• Furthermore, in the forecasted year, the number of users is expected to reach 2,633.0 million.
• In the worldwide comparison, the United States of America is estimated to hold a significant value, contributing $23.0 billion in 2024.
• Today, user penetration is 14.6%, estimated to increase 39.7% by 2030.

Worldwide Market Size By Segment Between 2025 And 2030

(2025)

• Metaverse Workplace – $6.2 billion
• Metaverse Gaming – $31.6 billion
• Metaverse Virtual Assets – $3.3 billion
• Metaverse Live Entertainment – $6.2 billion
• Metaverse Health and Fitness- $11.6 billion
• Metaverse eCommerce – $42.1 billion
• Metaverse Advertising – $2.2 billion
• Metaverse Education – $3.7 billion
• Metaverse AR & VR Hardware – $2.0 billion
• Metaverse Digital Media – $0.6 billion

(2026)

• Metaverse Workplace – $8.4 billion
• Metaverse Gaming – $48.1 billion
• Metaverse Virtual Assets – $4.2 billion
• Metaverse Live Entertainment – $0.3 billion
• Metaverse Health and Fitness- $17.1 billion
• Metaverse eCommerce – $60.2 billion
• Metaverse Advertising – $3.1 billion
• Metaverse Education – $5.8 billion
• Metaverse AR & VR Hardware – $2.2 billion
• Metaverse Digital Media – $0.8 billion

(2027)

• Metaverse Workplace – $11.6 billion
• Metaverse Gaming – $71.9 billion
• Metaverse Virtual Assets – $5.4 billion
• Metaverse Live Entertainment – $0.4 billion
• Metaverse Health and Fitness- $25.6 billion
• Metaverse eCommerce – $87.2 billion
• Metaverse Advertising – $4.3 billion
• Metaverse Education – $9.8 billion
• Metaverse AR & VR Hardware – $2.5 billion
• Metaverse Digital Media – $0.9 billion

(2028)

• Metaverse Workplace – $16.1 billion
• Metaverse Gaming – $102.4 billion
• Metaverse Virtual Assets – $6.6 billion
• Metaverse Live Entertainment – $0.4 billion
• Metaverse Health and Fitness- $36.8 billion
• Metaverse eCommerce – $124.0 billion
• Metaverse Advertising – $5.7 billion
• Metaverse Education – $16.4 billion
• Metaverse AR & VR Hardware – $2.8 billion
• Metaverse Digital Media – $1.1 billion

(2029)

• Metaverse Workplace – $21.8 billion
• Metaverse Gaming – $136.4 billion
• Metaverse Virtual Assets – $7.5 billion
• Metaverse Live Entertainment – $0.5 billion
• Metaverse Health and Fitness- $48.0 billion
• Metaverse eCommerce – $167.4 billion
• Metaverse Advertising – $6.8 billion
• Metaverse Education – $22.6 billion
• Metaverse AR & VR Hardware – $3.0 billion
• Metaverse Digital Media – $1.3 billion

(2030)

• Metaverse Workplace – $27.7 billion
• Metaverse Gaming – $168.4 billion
• Metaverse Virtual Assets – $8.0 billion
• Metaverse Live Entertainment – $0.5 billion
• Metaverse Health and Fitness- $56.1 billion
• Metaverse eCommerce – $210.3 billion
• Metaverse Advertising – $7.5 billion
• Metaverse Education – $24.7 billion
• Metaverse AR & VR Hardware – $3.3 billion
• Metaverse Digital Media – $1.3 billion

Asia

• The Asian metaverse market is currently valued at $27.4 billion.
• The Asian Metaverse market is expected to grow at a CAGR of 35.63% between 2024 and 2030, reaching $170.9 billion by 2030.
• By 2030, the number of users is estimated to reach 1,657.0 million.
• In 2024, the user penetration rate is projected at 14.6%, which will rise to 38.6% by the forecasted year.
• The (ARPU) average value per user is $45.2.

Africa

• The African metaverse market is expected to grow at a CAGR of 40.64%, reaching $8,466.0 million by 2030.
• Currently, it is valued at $1,094.0 million.
• The user penetration rate is estimated at 7.2% in 2024, rising to 19.8% by 2030.
• By 2030, the number of users is expected to reach 12.01 million. 

Australia And Oceania

• In 2024, the Australian and Oceania markets will be valued at $1,334.0 million.
• It is expected to grow at a CAGR of 39.64% between 2024 and 2030, reaching $9,892.0 million by the forecast period.
• Furthermore, the ARPU is estimated to amount to $187.9
• The user penetration rate is 22.2% in 2024, which is expected to increase by 62.3% by 2030.

Americas

• As per  Metaverse Statistics, the American metaverse market is valued at $28.1 billion in 2024.
• Furthermore, by 2030, it is estimated that it will grow at an annual growth rate of 38.52%, reaching $198.4 billion by the forecast period.
• As of today, the user penetration rate is 17.1%, which is estimated to rise to 48.8% by 2030.
• In addition, by 2030, the total number of users in the market is projected to reach 450.3 million.

Europe

• In Europe, the metaverse market is projected to amount to $16.4 billion in 2024.
• It is estimated that by 2030, it will reach $120.2 billion, with an annual growth rate of 39.34%.
• The total number of users in the market is projected to reach 384.5 million by 2030.
• The average value per user is projected to be $127.9.
• By 2030, the number of users in the European market is expected to reach 384.5 million, with a penetration rate of 16.4% in 2024 and 49.1% by 2030.

Metaverse Statistics By Investments By Sectors

(Source: explodingtopics.com)

Metaverse Statistics show that the computer and IT industries are investing significantly in metaverse technology, contributing 17%. Other top industries with the largest investments include education, finance, marketing and advertising, and medical and health, resulting in 12%, 11%, 10%, and 9%.

Metaverse Use And Related eCommerce Activities Worldwide

(Reference: statista.com)

According to Metaverse Statistics 2023, 36% of non-users have heard about it but have not used it. In addition, 23% have also heard about it but have yet to use it in the last six months. Furthermore, around 44% of people collectively said they had used virtual reality headsets, joined virtual worlds, purchased digital products, etc.

Metaverse Statistics By Reasons To Join Metaverse

(Reference: explodingtopics.com)

Metaverse Statistics showed that most of the users are joining Metaverse for work possibilities, contributing 52%. Additionally, art and live entertainment, money investment, education, online dating and socializing, gaming, and adult entertainment are other significant reasons for the same.

Awareness About Metaverse Worldwide By Age Group

(Reference: statista.com)

Metaverse Statistics by awareness show that, in 2023, most of the people in all age groups have heard a little about the term Metaverse. Furthermore, it is clear that none of the respondents to the Statista survey used Metaverse.

Attitude Towards Metaverse

(Source: explodingtopics.com)

33% of Americans are curious about Metaverse. On the other hand, 69% are collectively uninterested, suspicious and concerned. 19% feel indifferent, while 18% and 16% are excited and optimistic. However, around 12% need clarification about the metaverse technology. 

The Metaverse: Shaping Our World

Imagine a world where you can attend a concert with friends across the globe, virtually try on clothes before you buy them, or even hold meetings in a 3D conference room designed just for your team. This isn’t science fiction – it’s the promise of the metaverse, a rapidly evolving network of interconnected virtual experiences.

In 2024, the metaverse is no longer just a concept. It’s starting to reshape various aspects of our lives, and here’s how:

The Metaverse In A Nutshell

Think of the metaverse as an extension of the internet but in 3D. Instead of flat screens, you access it through virtual reality (VR) headsets or augmented reality (AR) glasses. These create immersive environments where you can interact with others and digital objects as if they were real.

For example, let’s say you’re attending a virtual museum in the metaverse. You can walk through exhibits, examine artifacts in detail, and even interact with other visitors from around the world, all from the comfort of your living room.

How The Metaverse Is Shaping Different Industry

Metaverse Workplace:

• Positive: Virtual meetings become more engaging and collaborative, with features like whiteboards and 3D models. Remote work feels less isolating with virtual co-working spaces.
• Negative: Dependence on VR headsets can lead to eye strain and social isolation. Clear guidelines are needed to maintain work-life balance in a metaverse environment.

Metaverse Gaming:

• Positive: Games become more immersive and social. Imagine exploring vast open worlds with friends or attending virtual concerts within the game.
• Negative: The line between reality and virtuality can blur, leading to addiction. Pay-to-win models in metaverse games could exacerbate social inequalities.

Metaverse Virtual Assets:

• Positive: A new digital economy emerges with virtual items like clothes, cars, and land. Users can own and trade these assets using blockchain technology.
• Negative: The value of virtual assets can be volatile, and scams could become prevalent. Regulations are needed to protect users and ensure fair trade.

Metaverse Live Entertainment:

• Positive: Concerts, theatre performances, and sporting events become accessible to a global audience. Virtual reality allows for unique interactive experiences.
• Negative: The live experience may not fully translate to the virtual world. Technical difficulties could disrupt events, and the affordability of VR equipment could limit access.

Metaverse Health And Fitness:

• Positive: Virtual reality can create engaging fitness experiences, motivating people to exercise. Therapy sessions can be conducted in immersive environments for a more personalised touch.
• Negative: VR workouts provide a different level of physical exertion than traditional methods. Privacy concerns arise when using health data in the metaverse.

Metaverse eCommerce:

• Positive: Shopping becomes more interactive. You can virtually try on clothes, see furniture in your home before you buy it, and explore stores in detail.
• Negative: The tactile experience of shopping in person is lost. Security measures need to be robust to prevent fraud in virtual transactions.

Metaverse Advertising:

• Positive: Highly targeted and interactive advertising becomes possible. Imagine trying on virtual clothes with brand logos or attending product demonstrations in the metaverse.
• Negative: Intrusive advertising practices could emerge, disrupting the user experience. Regulations are needed to ensure user privacy and prevent manipulation.

Metaverse Education:

• Positive: Learning becomes more immersive and engaging. Students can travel virtually to historical sites or conduct experiments in simulated environments.
• Negative: Access to VR equipment could create an educational divide. Further research is needed to determine the effectiveness of metaverse-based learning for all subjects.

Metaverse AR & VR Hardware:

• Positive: Advancements in VR and AR technology will lead to lighter, more comfortable headsets and improved visuals, making the metaverse more accessible.
• Negative: The cost of VR and AR hardware could remain a barrier to entry for many users. Privacy concerns regarding data collected by these devices need to be addressed.

Metaverse Digital Media:

• Positive: Content creation flourishes with new tools and platforms in the metaverse. Artists, musicians, and filmmakers can explore innovative ways to tell stories.
• Negative: Copyright infringement could become a bigger issue in the virtual world. Ensuring fair compensation for creators in the metaverse is crucial.

Future Trends Of The Metaverse:

Looking ahead, the metaverse is expected to become even more integrated into our daily lives. Here are some key trends to watch:

• The Rise of the “Mirrorverse”: This digital twin of our physical world allows us to connect physical locations with their virtual counterparts.
• Interoperability: Being able to move seamlessly between different metaverse platforms with your virtual avatar and possessions. Imagine attending a virtual lecture in one metaverse platform and then using the same avatar to attend a concert in another.
• Focus on User Experience: As the technology matures, expect more emphasis on making the metaverse user-friendly and accessible to everyone, regardless of technical expertise.
• The Importance of Security and Privacy: Robust security measures will be crucial to protect users’ data and assets in the metaverse. Regulations will likely emerge to address privacy concerns and prevent online harassment.
• The Blurring Lines Between Real and Virtual: As virtual experiences become more realistic, the boundaries between our physical and virtual lives may become increasingly blurred. This necessitates open discussions about responsible metaverse use and potential social impacts.
  

Advantages Of The Metaverse:

• Increased Accessibility: The metaverse has the potential to bridge geographical divides and make experiences more accessible to people with disabilities.
• Enhanced Learning and Collaboration: Immersive learning environments and collaborative workspaces in the metaverse can foster deeper engagement and innovation.
• Economic Opportunities: The metaverse creates a new digital economy with opportunities for businesses, creators, and entrepreneurs.
• New Forms of Entertainment and Social Connection: The metaverse offers exciting possibilities for interactive entertainment, social interaction, and building communities worldwide.
  

The metaverse is still in its early stages, but it holds immense potential to transform the way we live, work, learn, and play. As with any new technology, there will be challenges to address. However, by focusing on responsible development, user safety, and inclusivity, the metaverse can become a force for positive change in our world.

Conclusion

As stated in these Metaverse Statistics, the metaverse aids in improving connectivity to provide better user experiences in all kinds of industries. Not only this, but once the metaverse technology is incorporated into businesses, it will create new opportunities, as well as enable improved digital content, monetization, and exchange of goods and services in the virtual world.

However, this technology lacks many loopholes. Most of the people are worried about their online identity. In addition, games with metaverse are extremely addictive, which can affect mental health. Overall, just like a coin has two sides, the technology comes with pros and cons as well. It is up to us to what extent we get ourselves involved in such technology.