China Metaverse Market - Databook 2025 to 2034

The China metaverse market size was calculated at USD 10 billion in 2024 and is predicted to attain around USD 692.4 billion by 2034, expanding at a CAGR of 52.84% from 2025 to 2034.

Highlights of the China Metaverse Market:

• By components, the hardware segment underwent noteworthy growth in the China metaverse market during 2024.
• By components, the software segment is expected to gain significant share of the market over the studied period of 2025 to 2034.
• By platform, the mobile segment enjoyed an important position in the Chinese market during 2024.
• By platform, the desktop segment is set to witness significant growth in the market during the forecast period.
• By offerings, the virtual platforms segment captured a notable portion of the metaverse market in 2024.
• By offerings, the asset marketplace is projected to expand rapidly in the market during the next few years.
• By technology, the virtual reality and augmented reality segment maintained a leading position in the China market in 2024.
• By technology, the blockchain segment is anticipated to grow with the highest CAGR in the Chinese market during the studied years.
• By application, the gaming segment registered a notable share in the country's metaverse market in 2024.
• By application, the online shopping segment is projected to experience the highest growth rate in the China market between 2025 and 2034.
• By end-user, the media and entertainment segment dominated the metaverse market.
• By end-user, the retail segment is set to experience the fastest rate of market growth from 2025 to 2034.

Industry Valuation and Growth Rate Projection

Metaverse is a collective virtual shared space, merging augmented and virtual reality, where users can interact with each other and digital objects in real time. It is the emerging 3D-enabled digital space that uses augmented reality, virtual reality, and other innovative internet and semiconductor technologies. Metaverse assets are sometimes traded as non-fungible tokens (NFTs) and track ownership using blockchain technology. In China, the metaverse market growth is driven by the adoption of digital solutions, significant investment & funding, increased consumer demand, and technological advancement.

The China metaverse market includes a wide range of applications, including real estate, healthcare, mass-audience interaction, e-commerce, interactive learning environments, and enhancing work productivity. Industrial metaverse uses include supply chain optimization, process optimization, global collaboration, remote management, risk reduction, business operations, e-commerce, and more.

Market Trends

Increased partnership across global supply chains: The benefits of the supply chain partnership for customer retention include a long-term relationship that ultimately leads to higher profits. It allows work together towards greater supply chain transparency, reducing costs, driving efficiency, and promoting higher ethical and environmental standards.

Investment and funding: Various companies are involved in the metaverse, giving you options between less costly up-and-comers or big brands. Investors can explore better investment opportunities in the metaverse with virtual real estate value. It will help advertising, communication, and product experiences.

Restraints

High development costs: The metaverse is so expensive due to people expect to make money there. Development cost depends on the technologies required to develop metaverse games, such as 3D reconstruction, blockchain, VR, AR, powerful hardware, software, and more.

Regulatory and legal issues: The metaverse poses unique regulatory issues because of its lack of physical boundaries. Users in India, Japan, and the United States may all interact in a single virtual space, governed by the European Union. Legal issues in the metaverse include Jurisdiction, contracts, and property rights.

Opportunity

Growth of Virtual Economies: Metaverse virtual economies include more freedom and control for users, the ability to own and trade virtual assets, and a thriving marketplace for virtual goods and services. It allows users to make payments, borrow, lend, and invest using virtual currencies.

Integration of AI: Artificial intelligence is instrumental as a catalyst driving innovation, improving user experiences, and powering highly interactive and immersive environments within this virtual realm. AI allows interactive storytelling, enabling users to influence the narrative and participate actively in the virtual world.

Recent Developments

• In August 2024, the Hurun China Metaverse Companies with the Greatest Potential 2024, a ranking of 200 Chinese companies with the greatest potential in the metaverse, was released by the Hurun Research Institute.
• In January 2023, a national digital assets exchange for NFTs and, metaverse was launched by China.