Global Metaverse in Real Estate Market Size, Share, Trends, Growth, Key Players Report and Forecast 2024-2032

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    press release

    Published October 25, 2023

    Metaverse in real estate market outlook

    According to a new report by Expert Market Research, “Global Metaverse real estate market size, Share, Analysis, Reports and Forecasts from 2024 to 2032, The real estate market metaverse reached a value of approximately USD 1.14 billion in 2023. It was supported by the increasing use of virtual reality and augmented reality technology in the real estate sector and the expansion of its applications. Due to the metaverse in various aspects of real estate, the market is expected to further grow at a CAGR of 48.60% from 2024 to 2032, reaching USD 12.27 billion by 2032. .

    The Metaverse is a virtual reality space that allows users to interact with each other and computer-generated environments in real time. It has emerged as a game-changing technology in the real estate industry, enabling applications such as immersive property tours, virtual staging, and interactive buyer-seller interactions. As a result, it has become an essential part of the real estate purchase process, offering a unique way for buyers to explore, evaluate and visualize real estate without physical limitations.

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    Increasing consumer preference for digital and immersive experiences in real estate is driving a global metaverse in real estate market growth. With increasing awareness and adoption of virtual reality (VR) and augmented reality (AR) technologies, there is a huge shift towards virtual real estate tours and immersive home buying experiences, leading to a surge in demand for metaverse applications in real estate .

    The expansion of the application of Metaverse in various aspects of real estate also plays an important role in promoting Metaverse in the development of real estate market. In residential real estate, Metaverse technology is being used for virtual home tours, allowing prospective buyers to explore properties remotely. For commercial real estate, Metaverse provides solutions for virtual staging of office spaces, allowing companies to more effectively visualize and plan their office setups.

    Additionally, the role of the Metaverse in land registration and property rights management has emerged as a new lever for the Metaverse in expanding the real estate market. Blockchain technology allows real estate transactions and land registries to be managed securely and transparently within the Metaverse, removing intermediaries and reducing the risk of fraud.

    Additionally, the growing trend of virtual real estate and digital land ownership in the metaverse is adding new dimensions to the real estate market metaverse. Users are buying and selling virtual properties on various Metaverse platforms, and some of these virtual properties are selling for millions of dollars, marking a new frontier in real estate investing.

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    Metaverse in real estate market segmentation

    The market can be segmented based on component, product type, end use, and region.

    Market breakdown by component

    Market breakdown by product type

    • Purchase metaverse real estate
    • Sell ​​Metaverse Real Estate
    • rent metaverse real estate
    • others

    Market breakdown by end use

    • individual game user
    • virtual real estate developer
    • others

    Market breakdown by region

    • North America
    • Europe
    • Asia Pacific
    • latin america
    • middle east and africa

    competitive environment

    The EMR report examines key trends such as real estate companies’ global metaverse market share, factory renewal status, production capacity, investments, acquisitions and mergers. Some of the major key companies studied in the Expert Market Research report are:

    • Linden Research Co., Ltd.
    • metaverse group
    • Decrypt Media Co., Ltd.
    • TandB Media Global Thai Co. LTD.
    • Super World Co., Ltd.
    • Somnium Space Co., Ltd.
    • Shivaland LLC
    • others

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