According to the publisher, the Metaverse industry in Malaysia is expected to grow by 47.6% on an annual basis to reach US$1,143.2 million in 2023.
The Metaverse industry is expected to grow steadily over the forecast period, recording a CAGR of 32.2% during 2023-2030. The Metaverse Spend Value in the country will increase from US$774.7 million in 2022 to reach US$8,067.4 million by 2030.
The metaverse ecosystem is growing significantly across Malaysia. Currently, many innovative metaverse projects are under development in the Southeast Asian market, while a few have been already launched in Malaysia. The investment towards these metaverse projects is expected to further increase over the next three to four years, thereby supporting the growth of the industry.
Along with investment from private corporations, the government is also making an investment in the Malaysian metaverse landscape to build innovative experiences for its citizens. Overall, the publisher maintains a robust growth outlook for the Malaysian metaverse industry over the next three to four years.
This report provides a comprehensive view of the size, and dynamics of the metaverse industry in Malaysia along with market trends covering over 100 KPIs. It details market opportunities across key sectors - retail industry, technology & telecommunications, financial services, manufacturing, travel and hospitality, media & entertainment, training & education, real estate, and health & wellness. It provides analysis in terms of business spend as well as consumer spend.
The Metaverse industry is expected to grow steadily over the forecast period, recording a CAGR of 32.2% during 2023-2030. The Metaverse Spend Value in the country will increase from US$774.7 million in 2022 to reach US$8,067.4 million by 2030.
The metaverse ecosystem is growing significantly across Malaysia. Currently, many innovative metaverse projects are under development in the Southeast Asian market, while a few have been already launched in Malaysia. The investment towards these metaverse projects is expected to further increase over the next three to four years, thereby supporting the growth of the industry.
Along with investment from private corporations, the government is also making an investment in the Malaysian metaverse landscape to build innovative experiences for its citizens. Overall, the publisher maintains a robust growth outlook for the Malaysian metaverse industry over the next three to four years.
Firms are launching property-related virtual reality platforms where consumers interact in real-time in Malaysia
A lot of innovative use cases have emerged over the last 12 months in the metaverse space, as firms continue to pour millions of dollars into the space. From shopping to playing games in the metaverse, innovation is growing in the Malaysian metaverse market. Another innovative use cases that has emerged focused on the real-estate market. For instance,- In September 2022, Matrix Concepts, a property development firm in Malaysia, announced the launch of a property metaverse platform in the country. The platform allows participants to create their avatars and converse inside the metaverse in real-time through their created avatars. The metaverse platform allows consumers to explore the property just like they would in person.
Local authorities are planning to launch metaverse experiences for their citizens inside the I-City in 2023
As the metaverse continues to gain popularity among consumers, government authorities have started to invest in the space to create immersive experiences for their customers. In Malaysia, local authorities have invested millions of dollars to create metaverse experiences and are planning to launch them in 2023. For instance,- I-City invested US$10 million towards the development of metaverse experiences inside the theme park. The experiences are slated to be launched in 2023. To create and launch the immersive experiences, I-City partnered with China Mobile International Malaysia.
Firms are launching a metaverse platform for enterprises in Malaysia
More businesses are looking to leverage the possibilities of metaverse to better engage with their customers. Consequently, firms are launching a metaverse platform that focuses to serve the different needs of brands and businesses. For instance,- Meta Universe, a Malaysia-based firm, launched the metaverse platform to cater to the growing needs of businesses, that are looking to leverage the endless possibilities offered by the metaverse ecosystem. The metaverse platform helps businesses to gain new customers, increase and enhance customer engagement, as well as help them in adding a new dimension to their loyalty and rewards program.
This report provides a comprehensive view of the size, and dynamics of the metaverse industry in Malaysia along with market trends covering over 100 KPIs. It details market opportunities across key sectors - retail industry, technology & telecommunications, financial services, manufacturing, travel and hospitality, media & entertainment, training & education, real estate, and health & wellness. It provides analysis in terms of business spend as well as consumer spend.
- Business spend: Market estimates and forecasts to assess opportunities by business spend on metaverse by sector, application/use cases, technology, and platform.
- Consumer spend: Breaks down consumer spend on metaverse by key component segments such as append on e-commerce, NFT purchase, by devices, and hardware devices to provide detailed assessment across the metaverse industry.
- NFT industry segments: Provides value, volume, and average value per transaction across 7 key assets in the NFT market. This includes collectibles and art, real estate, sports, utility, gaming, fashion and luxury, and others.
Scope
This report provides a detailed data-driven analysis of metaverse industry, covering a range of segments and highlighting growth areas across verticals. With over 100 KPIs at the country level, this report provides a comprehensive understanding of metaverse market dynamics. In addition, it provides a comprehensive understanding of NFT market dynamics and future forecasts.Malaysia Metaverse Market Size and Future Growth Dynamics by Key Performance Indicators
- Total Spend Value Trend Analysis
- Business Spend Value Trend Analysis
- Consumer Spend Value Trend Analysis
Malaysia Metaverse - Business Spend by Sector Value Trend Analysis, 2021-2030
- Retail Industry
- Technology & Telecommunications Industry
- Financial Services Industry
- Manufacturing Industry
- Travel and Hospitality Industry
- Media & Entertainment Industry
- Training & Education Industry
- Real Estate Industry
- Health & Wellness Industry
- Other
Malaysia Business Spend on Metaverse by Use Case/Application, 2021-2030
- Retail (Marketing & Advertising, Commerce, Operations & Training)
- Technology & Telecommunications (Marketing & Advertising, Commerce, Operations & Training)
- Financial Services (Marketing & Advertising, Commerce, Operations & Training)
- Manufacturing (Marketing & Advertising, Commerce, Operations & Training]
- Travel and Hospitality (Marketing & Advertising, Commerce, Operations & Training)
- Media & Entertainment (Marketing & Advertising, Commerce, Operations & Training)
- Training & Education (Marketing & Advertising, Commerce, Operations & Training)
- Real Estate (Marketing & Advertising, Commerce, Operations & Training)
- Health & Wellness (Marketing & Advertising, Commerce, Operations & Training)
- Other (Marketing & Advertising, Commerce, Operations & Training)
Malaysia NFT Spend by Sector Value Trend Analysis, 2021-2030
- Retail Industry
- Technology & Telecommunications Industry
- Financial Services Industry
- Manufacturing Industry
- Travel and Hospitality Industry
- Media & Entertainment Industry
- Training & Education Industry
- Real Estate Industry
- Health & Wellness Industry
- Other Industry
Malaysia Business Spend on Metaverse by Technology
- By Technology
- Retail Industry
- Technology & Telecommunications
- Financial Services
- Manufacturing Industry
- Travel and Hospitality
- Media & Entertainment
- Training & Education
- Real Estate
- Health & Wellness
- Other
Malaysia Spend on Metaverse by Platform
- Desktop
- Mobile
- Headset
Malaysia Ecommerce Spend on Metaverse by Sector (Gross Merchandise Value), 2021-2030
- Retail Shopping
- Travel and Hospitality
- Online Food Service
- Media & Entertainment
- Health & Wellness
- Technology Products & Services
- Other Industries
Malaysia NFT Market Size and Future Growth Dynamics by Key Performance Indicators
NFT -Total Sales Spend Value Trend Analysis, 2021-2030
NFT - Total Sales Spend Volume Trend Analysis, 2021-2030
NFT - Average Value Per Transaction Trend Analysis, 2021-2030
Malaysia NFT Market Size and Forecast by Key Assets, 2021-2030
NFT Collectibles and Art Trend Analysis, 2021-2030
- Spend Value
- Spend Volume
- Average Value Per Transaction
NFT Real Estate Trend Analysis, 2021-2030
- Spend Value
- Spend Volume
- Average Value Per Transaction
NFT Sports Trend Analysis, 2021-2030
- Spend Value
- Spend Volume
- Average Value Per Transaction
NFT Gaming Trend Analysis, 2021-2030
- Spend Value
- Spend Volume
- Average Value Per Transaction
NFT Utility Trend Analysis, 2021-2030
- Spend Value
- Spend Volume
- Average Value Per Transaction
NFT Fashion and Luxury Trend Analysis, 2021-2030
- Spend Value Trend Analysis
- Spend Volume Trend Analysis
- Average Value Per Transaction
Other Assets Trend Analysis, 2021-2030
- Spend Value Trend Analysis
- Spend Volume Trend Analysis
- Average Value Per Transaction
Malaysia Consumer Spend on Metaverse by Device, 2021-2030
- Desktop
- Mobile
- Digital Gadgets
Malaysia Consumer Spend on Metaverse by Hardware Devices, 2021-2030
- AR (Augmented Reality)
- VR (Virtual Reality)
- MR (Mixed Reality)
Reasons to buy
- In-depth Understanding of Metaverse Market Dynamics: Understand market opportunities and key trends along with forecast (2021-2030). Understand market dynamics through essential KPIs such as business and consumer spend.
- Vertical Insights and Use Cases: Get market dynamics through business spend by sector across the retail industry, technology & telecommunications, financial services, manufacturing, travel and hospitality, media & entertainment, training & education, real estate, and health & wellness.
- Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate a strategy; assess market-specific key trends, drivers, and risks in the metaverse and NFT market to help stakeholders build profitable strategies.
- Get Insights into NFT Market Size and Forecast by Key Assets: Collectibles and art, real estate, gaming, sports, utility, fashion & others.
- Consumer Spend on Metaverse: Get a market evaluation based on in-depth information obtained from metaverse spend on e-commerce, NFT purchase, and device & hardware devices.
Table of Contents
1. About this Report
2. Malaysia Metaverse Market Size and Future Growth Dynamics by Key Performance Indicators
3. Malaysia Metaverse - Business Spend by Sector Value Trend Analysis, 2021 - 2030
4. Malaysia Total Business Spend on Metaverse by Use Case / Application, 2021 - 2030
5. Malaysia Business NFT Spend by Sector Trend Analysis, 2021 - 2030
6. Malaysia Total Business Spend on Metaverse by Technology, 2021 - 2030
7. Malaysia Business Spend on Metaverse by Platforms, 2021 - 2030
8. Malaysia Ecommerce Spend on Metaverse by Sector, 2021 - 2030
9. Malaysia NFT Market Size and Future Growth Dynamics by Key Performance Indicators
10. Malaysia NFT Market Size and Forecast by Key Assets
11. Malaysia Consumer Spend on Metaverse by Device Trend Analysis, 2021-2030
12. Malaysia Consumer Spend on Metaverse by Hardware Devices
13. Further Reading
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 183 |
| Published | January 2023 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1143.2 Million |
| Forecasted Market Value ( USD | $ 8067.4 Million |
| Compound Annual Growth Rate | 32.1% |
| Regions Covered | Malaysia |
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