The metaverse industry in Argentina will grow 39% in 2023, according to a study
The market of metaverse in Argentina will grow from 1,969 million dollars in 2022 to 9,472 million dollars in 2030, according to a recent report by ResearchAndMarkets.com . The report is titled “Argentina Metaverse Market Intelligence Databook 2023”. Getting to provide an overview of the metaverse market in Argentina, its current size and its projection for the next decade.
The metaverse industry in Argentina is expected to grow by 38.6% per year to reach 2,728.9 million dollars in 2023.
“Argentina Metaverse Market Intelligence and Future Growth Dynamics Databook – 100+ KPIs covering market size by sector X Use cases X Technology spend, business and consumer, spend NFT – Q1 2023”
Argentina with unexpected growth in the metaverse sector
The report shows that the metaverse , an online virtual space where users can interact with a digitized world. He adds that it is gaining popularity in Argentina due to the increasing adoption of virtual and augmented reality technology. In addition, the pandemic COVID-19 has accelerated the adoption of digital technologies and fueled the growth of the metaverse market around the world.
“The Metaverse industry is expected to grow steadily during the forecast period, registering a CAGR of 31.8% during 2023-2030. The Metaverse Spend Value in the country will increase from US$1,969.6 million in 2022 to US$9,472.3 million in 2030.”
This report provides a comprehensive view of the size and dynamics of the metaverse industry in Argentina along with market trends covering more than 100 KPIs.
It details market opportunities in key sectors: retail, technology and telecommunications, financial services, manufacturing, travel and hospitality, media and entertainment, training and education, real estate, and health and wellness. It provides analysis in terms of business spending and consumer spending.
According to the report, the metaverse market in Argentina is divided into three main segments: entertainment, education and training, and e-commerce. The entertainment segment, which includes online games and virtual reality experiences, is the largest, accounting for more than 60% of the market.
The field of education and training is expected to grow significantly in the coming years, fueled by the adoption of online education and virtual training in response to the pandemic COVID-19 . The e-commerce segment is also expected to grow as retailers look for new ways to engage consumers online.
Adoption will depend on local and international companies
The report also identifies the major players in the metaverse market in Argentina, including local and international companies such as Globant, Mercado Libre, and Voxelus. New companies are also expected to enter the market as the adoption of the virtual and augmented reality technology continue to grow.
In addition, the report highlights that the Argentine government is taking steps to support the development of the metaverse market in the country. Its objective is to develop the metaverse in Argentina and position the country as a leader in the industry.
The report also notes that the success of the metaverse market in Argentina will largely depend on the adoption of virtual reality technology and increased by consumers and businesses. As technology becomes more affordable and accessible, adoption is expected to continue to grow across the country.
In other words, the report shows that the metaverse market in Argentina is booming and is expected to grow significantly in the next decade. The report highlights the major market segments, key players, and initiatives of the government to support the development of the metaverse in Argentina.
