UAE Metaverse Market Overview: 2023-2028

Base Year: 2022

Historical Years:  2018-21

Forecast Years: 2023-2028

The UAE Metaverse Market reports delivers an in-depth assessment of market size, share, and emerging trends, offering valuable insights into growth opportunities. It examines market segmentation and definitions, highlighting core components and key drivers of expansion. By applying SWOT and PESTEL analyses, the study evaluates the sector’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors. Expert reviews of competitor strategies and recent developments provide a clearer view of regional dynamics and future market trajectories, establishing a strong foundation for strategic planning and informed investment decisions.

What will be the market size of UAE Metaverse market 2028?

The UAE Metaverse market is projected to grow at a CAGR of around 28% during the forecast period, i.e., 2023-28.

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Who are the top companies operating in the UAE Metaverse market?

The report features prominent companies operating in the UAE Metaverse market and the successful strategies they have adopted. It also provides detailed insights into each company’s market share and their role in driving the industry’s growth. As per MarkNtel Advisors, top companies in UAE Metaverse market: Microsoft Gulf FZ LLC, Tencent Games, Meta Platforms, Inc., NexTech AR Solutions Corp., Nvidia Corporation, Queppelin, The Sandbox, ByteDance, Zero Latency, Decentraland, Others.

What is the key factor projected to fuel growth in the UAE Metaverse Market between 2023 and 2028?

Key Driver: Government Strategy to Make the UAE Global Hub for the Metaverse to Support the Market

The UAE's vision of becoming a global hub for the metaverse community and one of the world's top metaverse economies contribute to the market's growth. Initiatives like Dubai 10X 2.0, launched at the World Government Summit 2018, provide support & funding to innovative startups & companies, enabling them to develop new solutions & services using metaverse technology. The launch of the national Artificial Intelligence (AI) program BRAIN (Building a Responsive Artificial Intelligence Nation) in late 2017, which highlighted advancements in AI & Robotics, has also significantly supported sales growth during 2018-22.

AI and robotics are closely related to the metaverse as they offer the technological infrastructure for the creation & simulation of virtual environments. Moreover, government support for AI & robotics has attracted talented professionals & entrepreneurs to the country, who have helped foster the growth of the country's market. Furthermore, the government's National Artificial Intelligence Strategy 2031 aims at positioning the UAE as a global leader in artificial intelligence by 2031, contributing in enhancing the market size during the forecast period.

UAE Metaverse Market - Segmentation Analysis

By Component

-Hardware

-Displays

-Extended Reality (XR) Hardware

-Haptic Sensors & devices

-Omni Treadmills

-Smart Glasses

-AR/VR Devices

Software

-Asset Creation Tool

-Programming Engines

-Others (Virtual Platforms, Avatar Development)

-Services

By Application

-Gaming

-Online Shopping

-Digital Marketing

-Events & Conference

-Others (Testing & Inspection, Social Media & Content Creation)

By Technology

-Augmented Reality (AR)

-Virtual Reality (VR)

-Mixed Reality (MR)

-Block Chain

By End User

-Banking, Financial Services, and Insurance (BFSI)

-Government

-Media & Entertainment

-Retail

-Healthcare

-Others (Education, Telecommunication, etc.)

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How does the UAE Metaverse Market vary across different geography?

By region

-Dubai

-Abu Dhabi & Al Ain

-Sharjah & Northern Emirates.

This Section cover detailed analysis of revenue, market share and growth rate, historical data (2020-23) and forecast (2023-2028) of the following segmentation and geography.

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Comprehensive Table of Contents – UAE Metaverse Market Analysis and Forecast,

 2023-2028

1. Table 1: Introduction
2. Table 2: Executive Summary
3. Table 3: Market Regulations, Policies & Standards
4. Table 4: UAE Metaverse Market Size, Share & Scope, 2020-2028F
5. Table 5: Market Trends & Developments
6. Table 6: Market Dynamics (Key Drivers, and Challenges)
7. Table 7: Market Hotspots & Opportunities
8. Table 8: Market Value Chain Analysis
9. Table 9: Market Outlook, 2020-2028F
10. Table 10: Market Size & Analysis by Revenues (USD Million): 
11. Table 11: Market Size & Forecast 2020–2028 by Segmentation
12. Table 12: Market Size & Forecast 2020–2028 by Geography
13. Table 13: Key Strategic Imperatives for Success & Growth
14. Table 14: Competitor Analysis of UAE Metaverse Companies

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Key Benefits for Industry Participants and Stakeholders

• Insight into emerging market trends and investment opportunities
• Understanding of regional market dynamics and competitive landscapes
• Data-driven forecasts to support strategic decision-making
• Access to industry benchmarks for performance evaluation
• Identification of potential risks and growth challenges

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