Metaverse in E-commerce Market expected to reach USD 167.47 billion by 2029 at a CAGR of 37.20 percent

(IT-NEWSWIRE.COM, October 21, 2023 ) As per Maximize Market research, the Metaverse in E-commerce Market was USD 18.30 Billion in 2022 and is expected to grow at a CAGR of 37.20 percent over the forecast period to reach USD 167.47 Billion by 2029.

Metaverse in E-commerce Market Report Scope and Research Methodology

The report highlights the competitive market view, segment analysis based on the platform, technology and application. The market size and trends for the Metaverse in E-commerce Market were analysed by using both primary research through interviews and surveys with professionals, and secondary research via literature review and robust data Analysis.

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Metaverse in E-commerce Market Dynamics

The growing popularity of AR and VR technologies and growing e-commerce industry drives the growth of the market. New and innovative shopping experience, increase in customer engagement and access to new market provides a significant opportunities for Metaverse in E-commerce Market.

Metaverse in E-commerce Market Regional Insights

In 2022, North America region dominated the Metaverse in E-commerce Market with 40% of market share and is expected to maintain its dominance during the forecast period. North America, especially the United States and Canada, are leading the Metaverse in E-commerce Market.

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Metaverse in E-commerce Market Segmentation

By Platform

Computer

Mobile

Headset

By Technology

AR & VR

Blockchain

Mixed Reality

Others

By Application

Virtual Stores

Virtual Events

Virtual Product Discovery

Virtual Customer Service

Virtual Payments

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Metaverse in E-commerce Key Competitors include

Epic Games Inc. [North Carolina, United States]

com Inc.

Unity Technologies Inc. [San Francisco, United States]

Tencent Holdings Limited

Alibaba Group Holding Ltd.

Autodesk Inc.

Roblox Corp.

Maximize Market Research is leading Information Technology and Telecommunication research firm, has also published the following reports:

Retail E Commerce Market- The market size is expected to reach USD 10.56 Tn by 2029 at a CAGR of 9.6 percent during the forecast period.

E Commerce International Market- The market size is expected to reach USD 90.81 billion by 2029 at a CAGR of 27.5 percent during the forecast period.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defence, and other manufacturing sectors.

MAXIMIZE MARKET RESEARCH PVT. LTD.

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akash.r@maximizemarketresearch.com

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Metaverse in E-commerce Market expected to reach USD 167.47 billion by 2029 at a CAGR of 37.20 percent