DUBLIN, April 26, 2023 /PRNewswire/ — Tue “Malaysia Metaverse Market Intelligence and Future Growth Dynamics Databook – 100+ KPIs covering Market Size by Sector X Use Cases X Technology, Business & Consumer Spending, NFT Spending – Q1 2023” Report has been added ResearchAndMarkets.com Offer.

Metaverse Industry in Malaysia is expected to achieve annual growth of 39.6% $2,278.4 million in 2023.

The Metaverse industry is expected to grow steadily during the forecast period, registering at a CAGR of 32.2% during 2023-2030. The Metaverse issue value in the country will increase $1,632.0 million to be achieved in 2022 $8,067.4 million until 2030.

The Metaverse ecosystem is growing significantly Malaysia. Many innovative Metaverse projects are currently under development in the Southeast Asian market, and some have already been launched Malaysia. Investments in these Metaverse projects are expected to continue to ramp up over the next three to four years, supporting industry growth.

Alongside investments from private companies, the government is also investing in the Malaysian Metaverse landscape to create innovative experiences for its citizens. Overall, the publisher sees solid growth prospects for the Malaysian 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

Over the past 12 months, many innovative use cases have emerged in the Metaverse space as companies continue to invest millions of dollars in the space. From shopping to playing at the Metaverse, innovation is growing in the Malaysian Metaverse market. Another innovative use case focused on the real estate market.

In Sep 2022Matrix Concepts, a real estate development company in Malaysia, announced the launch of a real estate metaverse platform in the country. The platform allows participants to create their avatars and have real-time conversations about their created avatars in the metaverse. The Metaverse platform allows consumers to explore the property as they would in person.

The story goes on

In the future, the company plans to add more features to its Metaverse platform, including the ability to host live concerts, games, real estate fairs, and more. As the company continues to invest in developing an immersive experience for consumers, the publisher expects the market to see robust growth over the short to medium term.

Local authorities plan to launch Metaverse experiences for their citizens in i-City in 2023

As the Metaverse becomes more popular with consumers, government agencies have begun investing in the space to offer immersive experiences to their customers. In MalaysiaLocal authorities have invested millions of dollars in creating Metaverse experiences and plan to launch them in 2023.

i-City invests $10 million towards the development of metaverse experiences within the theme park. The experiences are scheduled to roll out in 2023. To create and bring the immersive experiences to market, i-City has partnered with China Mobile International Malaysia.

From a short to medium term perspective, the publisher expects local authorities to implement more such innovative Metaverse projects, which will subsequently drive investment and growth in this area.

Enterprises launch a Metaverse platform for enterprises in Malaysia

More and more companies want to use the possibilities of Metaverse to get in better contact with their customers. Hence, companies are launching a Metaverse platform focused on serving the diverse needs of brands and businesses.

meta-universe, a Malaysia-based company launched the Metaverse platform to meet the growing needs of businesses looking to harness the endless possibilities of the Metaverse ecosystem. The Metaverse platform helps businesses attract new customers, increase and improve customer retention, and helps them add a new dimension to their loyalty and rewards program.

Currently, Meta Universe is the only company in the country offering Metaverse-aligned business solutions. It is expected that such innovative metaverse projects will boost the adoption of new technologies among companies in the country over the next three to four years.

Scope

Malaysia Metaverse Market size and future growth dynamics by key performance indicators

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

• retail industry

• technology and telecommunications industry

• financial services industry

• manufacturing industry

• travel and hospitality industry

• media and entertainment industry

• training and education industry

• real estate industry

• health and wellness industry

• Other

Malaysia Business Spending on Metaverse by Use Case/Application, 2021-2030

• Retail (marketing and advertising, trading, operations and training)

• Technology and Telecom (marketing and advertising, commerce, operations and training)

• Financial Services (marketing and advertising, trading, operations and training)

• Manufacturing (marketing and advertising, trading, operations and training)

• Travel and Hospitality (Marketing and Promotion, Commerce, Operations and Training)

• Media and Entertainment (marketing and advertising, commerce, operations and training)

• Training and Education (Marketing and Promotion, Commerce, Operations and Training)

• Real Estate (marketing and advertising, trading, operations and training)

• Health and Wellness (marketing and advertising, commerce, operations and training)

• Other (marketing and advertising, trading, operations and training)

Malaysia NFT Spending by Industry Value Trend Analysis, 2021-2030

• retail industry

• technology and telecommunications industry

• financial services industry

• manufacturing industry

• travel and hospitality industry

• media and entertainment industry

• training and education industry

• real estate industry

• health and wellness industry

• other industry

Malaysia Business Spending for Metaverse by Technology

Malaysia editions for Metaverse by platform

Malaysia Metaverse E-Commerce Spend by Sector (Gross Merchandise Value), 2021-2030

Malaysia NFT market size and future growth dynamics by key performance indicators

• NFT – Total Sales 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 Commodities, 2021-2030

• NFT Collectibles and Art Trend Analysis, 2021-2030

• NFT Real Estate Trend Analysis, 2021-2030

• NFT Sport Trend Analysis, 2021-2030

• NFT Gaming Trend Analysis, 2021-2030

• NFT Utility Trend Analysis, 2021-2030

• NFT Trend Analysis for Fashion and Luxury, 2021-2030

• Trend analysis on other assets, 2021-2030

Malaysian Metaverse Consumer Spending by Device, 2021-2030

• desktop

• mobile phone, mobile phone

• Digital Gadgets

Malaysian Metaverse Consumer Spending by Hardware Device, 2021-2030

• AR (Augmented Reality)

• VR (Virtual Reality)

• MR (Mixed Reality)

For more information about this report, see https://www.researchandmarkets.com/r/tupv00

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media contact:

research and markets
Laura WoodSenior managers
press@researchandmarkets.com

For EST office hours, call +1-917-300-0470
For US/Canada Toll Free: Call +1-800-526-8630
For GMT office hours call +353-1-416-8900

US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

Show original content:https://www.prnewswire.com/news-releases/malaysia-metaverse-market-intelligence-report-2023-market-is-expected-to-grow-by-39-6-to-reach-2-278- Billions-in-2023—forecasts-until-2030–301808129.html

SOURCE Research and Markets