Malaysia Metaverse Market Intelligence Report 2023: Market is Expected to Grow by 39.6% to Reach $2.278 Billion in 2023

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    Dublin, April 26, 2023 /PR Newswire/ — “Malaysia Metaverse Market Intelligence and Future Growth Dynamics Databook – Sectors X Use Cases X Technology, Business and Consumer Spending, 100+ KPIs Covering Market Size by NFT Spending – Q1 2023” report added of Recruitment.

    metaverse industry Malaysia It is expected to grow by 39.6% on an annual basis, $2.2784 billion 2023.

    The metaverse industry is anticipated to grow steadily over the forecast period, registering a CAGR of 32.2% from 2023 to 2030.The country’s Metaverse spending is $1,632 million reach 2022 $8,067.4 million By 2030.

    The metaverse ecosystem is growing significantly across different geographies. MalaysiaMany innovative Metaverse projects are currently being developed in the Southeast Asian market, and some have already started in the Southeast Asian market. MalaysiaInvestments in these metaverse projects are expected to further increase over the next three to four years, thereby supporting industry growth.

    In addition to investments from private companies, the government is also investing in Malaysia’s Metaverse landscape to build innovative experiences for its citizens. Overall, publishers maintain strong growth prospects for Malaysia’s metaverse industry over the next three to four years.

    Companies are launching real estate-related virtual reality platforms where consumers interact in real time. Malaysia

    Many innovative use cases have emerged in the metaverse space in the last 12 months as enterprises continue to pour millions of dollars into it. From shopping to gaming in the Metaverse, Malaysia’s Metaverse market is thriving in innovation. Another innovative use case has emerged that focuses on the real estate market.

    of September 2022Matrix Concepts, a real estate developer Malaysiaannounced the launch of its property metaverse platform in Japan. The platform allows participants to create their own avatar and have real-time conversations within the Metaverse via the created avatar. The Metaverse platform allows consumers to explore properties as they would in person.

    In the future, we plan to incorporate more features into the Metaverse platform, including the ability to host live concerts, games, property shows, and more. The company continues to invest in developing immersive experiences for consumers, and publishers expect the market to register strong growth from a short- to medium-term perspective.

    The local government plans to launch a Metaverse experience for citizens within i-City in 2023.

    As the Metaverse continues to gain popularity among consumers, government officials are beginning to invest in spaces to provide immersive experiences for their customers.of Malaysialocal governments are investing millions of dollars to create Metaverse experiences and plan to launch them in 2023.

    Investment in i-City $10 million Towards the development of Metaverse experiences within theme parks. The experience is scheduled to start in his 2023. To create and launch immersive experiences, i-City partnered with China Mobile International Malaysia.

    From a short- to medium-term perspective, publishers expect local governments to undertake more such innovative metaverse projects, which will later drive investment and growth in the sector.

    Companies are launching Metaverse platforms for enterprises. Malaysia

    More and more companies are looking to leverage the potential of the metaverse to strengthen their relationships with their customers. As a result, companies are launching Metaverse platforms focused on serving the different needs of brands and businesses.

    meta universe MalaysiaThe Metaverse platform helps businesses acquire new customers, increase and strengthen customer engagement, and also add a new dimension to their loyalty and rewards programs.

    Meta Universe is currently the only company in the country that provides enterprise solutions focused on the Metaverse. Innovative metaverse projects like this are expected to boost the adoption of emerging technologies by domestic businesses over the next three to four years.


    Malaysia Metaverse Market Size and Future Growth Dynamics by Key Performance Indicators

    • Trend analysis of total spending
    • Business Spend Trend Analysis – Consumer Spend Trend Analysis

    Malaysia Metaverse – Trend Analysis of Business Spending by Sector, 2021-2030

    • retail business
    • Technology & Telecommunications Industry
    • financial services industry
    • manufacturing industry
    • Travel and hospitality industry
    • Media & Entertainment Industry
    • training and education industry
    • real estate business
    • Health & Wellness Industry
    • other

    Malaysian Corporate Spending on Metaverse by Use Case/Application, 2021-2030

    • Retail (Marketing & Advertising, Commerce, Operations & Training)
    • Technology and Telecommunications (Marketing and Advertising, Commerce, Operations and Training)
    • Financial Services (Marketing & Advertising, Commerce, Operations & Training)
    • Manufacturing (Marketing & Advertising, Commerce, Operations & Training]
    • Travel & 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)

    Trend Analysis of Malaysian NFT Spending by Sector, 2021-2030

    • retail business
    • Technology & Telecommunications Industry
    • financial services industry
    • manufacturing industry
    • Travel and hospitality industry
    • Media & Entertainment Industry
    • training and education industry
    • real estate business
    • Health & Wellness Industry
    • Other industries

    Malaysian Business Spending on the Metaverse by Technology

    • By technology
    • retail business
    • technology and communication
    • financial operations
    • manufacturing industry
    • travel and hospitality
    • media & entertainment
    • training and education
    • real estate
    • Health & Wellness
    • other

    Malaysian Metaverse Spending by Platform

    Malaysian eCommerce Spending (Total Commodity Value) in Metaverse by Sector, 2021-2030

    • retail shopping
    • travel and hospitality
    • online food service
    • media & entertainment
    • Health & Wellness
    • technology products and services
    • Other industries

    Malaysian NFT Market Size and Future Growth Dynamics by Key Performance Indicators

    • NFT – Trend Analysis of Total Sales Spend, 2021-2030
    • NFT – Total Sales Trend Analysis, 2021-2030
    • NFT – Average Value Trend Analysis per Transaction, 2021-2030

    Malaysian NFT Market Size and Forecast by Major Assets, 2021-2030

    • NFT Collectibles and Art Trend Analysis, 2021-2030
    • NFT Real Estate Trend Analysis, 2021-2030
    • NFT Sports Trend Analysis, 2021-2030
    • NFT Gaming Trend Analysis, 2021-2030
    • NFT Utility Trend Analysis, 2021-2030
    • NFT Fashion and Luxury Trend Analysis, 2021-2030
    • Other Asset Trend Analysis, 2021-2030

    Consumer Spending on the Metaverse by Device in Malaysia, 2021-2030

    • desktop
    • mobile
    • digital gadget

    Malaysia Consumer Spending on Metaverse by Hardware Device, 2021-2030

    • AR (Augmented Reality)
    • VR (virtual reality)
    • MR (Mixed Reality)

    Learn more about this report here

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