Metaverse Videogames Expect US$1.3 Billion Turnover by 2033

A recent study by Fact.MR projects staggering growth for the gaming market in the metaverse. Estimated to reach a considerable increase in users and record revenue both domestically and globally, the report forecasts a 38.2% compound annual growth rate to 2033. From virtual reality to blockchain-based gaming, creativity and experimentation are positioned as key to the future of companies in the sector, while factors such as immersive technologies and blockchain-based technologies are driving the market. 

The metaverse market, which is expected to reach a value of US$783 million in Mexico, according to Immersys, as well as an increase to 1.7 billion users globally, places videogames as its essential component. Likewise, current trends include the adoption of virtual reality, cross-reality games, gamification of various activities, blockchain-based games and mobile metaverse games. Creativity and experimentation, according to the report, prove to be key factors for the future of gaming in the metaverse, given the dynamic and constantly evolving nature of this space.

The study also highlighted several key factors driving the market, such as the introduction of mixed, augmented, extended, and virtual reality technologies, making it clear that immersive realities will be key to strengthening its consumption. In addition, growing investments in the development of new applications for the metaverse and the incorporation of blockchain-based technologies, such as cryptocurrencies and non-fungible tokens (NFTs), are emerging as significant drivers.

The metaverse platform, according to technology media TyN Magazine, enriches the digital experience, creating a virtual environment where users participate in immersive games, conduct transactions, connect, interact, exchange virtual goods, consume digital content and participate in virtual events. However, despite this growth, challenges such as high equipment costs, early stages of research, and privacy concerns continue to hinder the gaming market in the metaverse.

To address this issue, as noted by Fact.MR, major gaming and digital technology companies are investing heavily in the creation of custom metaverses. One of the main reasons for this is the enormous marketing possibilities for a variety of items in the metaverse, positioning it as a point of expansion and reference for industry trends.

In addition, the competitive landscape for the gaming market in the metaverse presents a mix of established companies and startups, which are investing significantly in research and development to create more immersive virtual worlds, exploring the integration of technologies such as blockchain and NFT to strengthen its external communication and media positioning. According to the report, competition is anticipated to increase as more companies enter and existing players focus on innovation.

In summary, the gaming market in the metaverse is projected to be a dynamic and fast-growing sector, with innovation and adoption of emerging technologies driving its development. With the commitment of major companies and the growing demand for immersive gaming experiences, according to Fact.MR, the metaverse aims to play a crucial role in the evolution of digital entertainment and virtual interaction.