The Metaverse Industry Report 2024 shows a sector changing the digital landscape through virtual reality, augmented reality, and blockchain. 5G connectivity enables high-speed interactions for real-time experiences and haptic technologies enhance immersion by providing tactile sensations. Companies are creating immersive experiences that connect the physical and digital realms. They are providing new opportunities for engagement and collaboration. The report explores the latest trends, key players, firmographic insights, and innovative startups within the metaverse industry.
This metaverse report serves as a reference for stakeholders within the industry, investors, policymakers, and economic analysts, providing a snapshot of the industry’s health to map its trajectory for innovation and growth in the coming years.
StartUs Insights Metaverse Industry Report 2024
- Executive Summary
- Introduction to the Metaverse Industry Report 2024
- What data is used in this Metaverse Industry Report?
- Snapshot of the Global Metaverse Industry
- Funding Landscape in the Metaverse Industry
- Who is Investing in the Metaverse?
- Emerging Trends in the Metaverse Industry
- 5 Innovative Metaverse Startups
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Executive Summary: Metaverse Outlook 2024
This report is created using data obtained from the Big Data and AI-powered StartUs Insights Discovery Platform, covering more than 4.7 million global companies, as well as 20K+ technologies and emerging trends. We also analyzed a sample of 2200+ metaverse startups developing innovative solutions to present five examples from emerging metaverse industry trends.
- Industry Growth Overview: The metaverse market report shows an industry experiencing an annual growth rate of 13.93% and comprising over 26000 companies.
- Manpower & Employment Growth: The industry employs over one million individuals globally. In the last year, it added more than 121K new employees. This is an indication of strong employment growth.
- Patents & Grants: The sector holds over 27000 patents, showcasing strong innovation and intellectual property generation. In addition, it has received over 2500 grants. This emphasizes support for research and development.
- Global Footprint: Key country hubs driving growth include USA, India, UK, Germany, and Canada. Major city hubs include London, New York City, Singapore, Dubai, and San Francisco.
- Investment Landscape: Investment activity remains strong, with an average investment value of USD 18 million per funding round. Over 2600 investors have participated in more than 11000 funding rounds.
- Top Investors: Key investors, including Andreessen Horowitz, Coatue, Alibaba Group, and more have collectively invested over USD 1.8 billion.
- Startup Ecosystem: Innovative startups in the metaverse space include TwinMaster (Metaverse for Architecture), Holo4Med (Healthcare Metaverse), PropX (Interactive Real Estate), Lumirithmic (3D Scanning & Capture), and Invincible Ocean (Automotive Showroom).
- Recommendations for Stakeholders: Prioritize infrastructure development and cross-platform compatibility for user experiences. Invest in technologies like AI, blockchain, and VR/AR to drive innovation and enhance interactivity. Companies should emphasize user privacy and data security to build trust and comply with regulations.
Explore the Data-driven Metaverse Industry Report for 2024
The Metaverse Industry Report 2024 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. The heatmap visualizes the geographical distribution of startups and emerging companies in the metaverse industry. It has over 2200 startups contributing to more than 26000 companies that are available in our database. Further, the annual growth rate of 13.93% highlights the sector’s rapid expansion.
The industry also has over 27000 patents and over 2500 grants which indicates a focus on intellectual property and research funding. Globally, the Metaverse sector engages over 1 million individuals, with an employee growth of over 121000 last year. The top country hubs driving this growth are the United States, India, the United Kingdom, Germany, and Canada. In terms of city hubs, London, New York City, Singapore, Dubai, and San Francisco are major centers of metaverse development and innovation.
What data is used to create this metaverse report?
Based on the data provided by our Discovery Platform, we observe that the metaverse industry ranks among the top 5% in the following categories relative to all 20K topics in our database. These categories provide a comprehensive overview of the industry’s key metrics and inform the short-term future direction of the industry.
- News Coverage and Publications: The metaverse industry has over 15000 tracked publications in the last year.
- Funding Rounds: The industry saw many funding rounds, with data on 11000+ rounds recorded in our database.
- Manpower: Employing over 1 million workers, the metaverse sector added more than 121K new employees in the past year.
- Patents: Our platform shows industry leads in intellectual property with over 27000 patents.
- Grants: It has secured over 2500 grants, which emphasize support for research and development.
- Yearly Global Search Growth: The metaverse industry shows exponential growth in global search interest, with a yearly increase of 289%.
- and more. Get in touch to explore all data points used to create this metaverse report.
A Snapshot of the Global Metaverse Industry
The metaverse industry demonstrates innovation, with an annual growth rate of 13.93%. It includes over 2200 startups, a majority of which are early-stage companies. This includes more than 1970 companies, creating ground for novel ideas and technologies. In addition, the industry has witnessed over 770 mergers and acquisitions. This signifies more consolidation and strategic partnerships.
In the metaverse sector, innovation is evident through over 27000 patents filed by over 8500 applicants. The yearly patent growth stands at 18.18%. This highlights continuous advancements and intellectual property generation. The United States leads with over 12600 patents, followed by China with over 3700 patents issued. This underscores their role in metaverse technology development and adoption.
Explore the Funding Landscape of the Metaverse Industry
Investment activity in the metaverse industry remains strong, with an average investment value of USD 18 million per funding round. Over 2600 investors have participated in more than 11000 closed funding rounds. This backing fuels the growth and development of over 3600 companies, emphasizing strong investor confidence and the promising potential of the metaverse.
Who is Investing in the Metaverse Industry?
Top investors collectively contribute over USD 1.8 billion to the metaverse industry. Here are the key investors and their respective contributions.
- Andreessen Horowitz allocated USD 491.5 million across 12 companies.
- Coatue Management invested USD 360 million in 3 companies.
- Alibaba Group contributed USD 270 million to 8 companies.
- Temasek Holdings invested USD 253 million in 6 companies.
- Global Emerging Markets allocated USD 254 million to 3 companies.
- Tencent contributed USD 185 million to 6 companies.
- and more. Reach out to explore all investment data in the metaverse industry
Access Top Metaverse Innovations & Trends with the Discovery Platform
Several key trends are merging in the metaverse space. Here are a few of them along with the firmographic data:
- Metaverse Marketing is experiencing rapid growth, with over 130 companies actively participating in this trend. The sector employs more than 3K individuals, and in the past year, it has expanded its workforce by adding over 570 new employees. This growth is reflected in an annual trend growth rate of 28.63%.
- The NFT Avatar trend stands out as one of the fastest-growing areas within the metaverse. Identified over 80 companies, this sector employs over 1K individuals. It has over 300 new employees joining in the last year. The annual trend growth rate for NFT avatars is 122.01%. This underscores the explosive interest and development in this field.
- Immersive Virtual Space, is another trend in the metaverse, which encompasses over 60 companies. Employing over 1K people, this sector has seen the addition of 290 new employees in the last year. The annual trend growth rate of 11.58% indicates steady and consistent development in this area.
5 Top Examples from 2200+ Innovative Metaverse Startups
The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Book a platform demo to find promising startups, emerging trends, or industry data specific to your company’s needs and objectives.
TwinMaster builds a Metaverse for Architecture
US-based startup TwinMaster develops an architecture metaverse platform that streamlines design portfolio management, collaboration, and presentations. It converts 3D project models into digital twins for exploration and analysis. The startup’s platform allows architects to import, place, and enhance their models within virtual cities. In addition, TwinMaster enables architects to consolidate and present their portfolios to private groups, clients, and the design community.
Holo4Med creates a Healthcare Metaverse
Holo4Med, a Polish startup, offers a MediXR platform to improve the responsiveness and efficiency of medical teams. The system has HoloLens cameras for quick patient registration. The platform also features an API that allows integration with hospital information systems to get data. In the treatment area, the system allows doctors to display information and interact via voice commands, hand gestures, or a virtual interface. Holo4Med also offers the feature to map the patient’s body and recognize organs.
PropX facilitates Interactive Real Estate Applications
Austrian startup PropX builds an interactive real estate application. It leverages 360 drone imagery to offer a 3D elevation of projects. The platform integrates interactive maps and highlights location advantages and iconic landmarks. It allows interaction with photorealistic 360 views of interiors and comparison of 2D-floor plans. PropX also makes amenities interactive through animated renders and creates an immersive experience.
Lumirithmic provides 3D Scanning & Capture Solutions
UK-based startup Lumirithmic develops facial capture technologies to produce 3D facial scans. It uses commodity devices, including smartphones, to enable 3D scanning. The startup’s technology combines computational illumination and graphics, vision, and AI algorithms. Lumirithmic’s solutions enable businesses such as entertainment, beauty tech, video games, and more to implement 3D appearance capture.
Invincible Ocean creates an Automotive Showroom
Indian startup Invincible Ocean provides VRAuto, a virtual showroom to explore the latest vehicles in 3D detail. The interactive vehicle exploration feature enables buyers to examine every angle and feature of the cars. VRAuto also offers virtual test drives via VR headsets. The startup’s platform combines convenience and engagement to change the automotive retail experience.
Gain Comprehensive Insights into Metaverse Trends, Startups, or Technologies
The metaverse industry report shows a sector experiencing rapid growth, driven by advancements in immersive technologies. Key trends, including NFT avatars and virtual spaces, are reshaping digital interactions and commerce, presenting both opportunities and challenges. Contact us to explore all 2200+ startups and scaleups, as well as all industry trends impacting metaverse companies.
