According to TechSci Research report, Vietnam Metaverse Market-By Region, Competition, Forecast and Opportunities, 2028, the market is anticipated to register a robust growth during the forecast period, 2024-2028.
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The Vietnam Metaverse Market is experiencing rapid growth due to the increasing integration of virtual and physical environments, along with the rising use of smart devices and internet connectivity in the country. The expansion is further fueled by the advancements and adoption of emerging technologies such as digital twins, augmented reality (AR), virtual reality (VR), the Internet of Things (IoT), and real-time analytics powered by artificial intelligence (AI). The anticipated widespread application of the metaverse across various sectors—including private enterprises, government, media & entertainment, retail, healthcare, and education—will significantly drive the market's development.
The market is segmented into several categories: component, platform, technology, offerings, application, end user, and region. By component, it includes hardware, software, and services. The platform segmentation covers desktop, mobile, and headset-based systems. In terms of technology, the market is divided into blockchain, VR & AR, mixed reality (MR), and others. The offerings segment encompasses virtual platforms, asset marketplaces, avatars, and financial services. Applications are categorized into gaming, online shopping, content creation & social media, events & conferences, testing and inspection, and others. End users are classified into BFSI, retail, manufacturing, media & entertainment, education, aerospace & defense, and others.
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Gaming holds the largest share of the Vietnam Metaverse Market and is expected to maintain its dominance throughout the forecast period. Major players such as Roblox, Decentraland, and Microsoft are increasingly focusing on VR-based 3D gaming experiences to engage Generation Z and Alpha users. Innovations like "play-to-earn" in gaming and growing investments in AI and mixed reality are driving demand within the gaming sector.
For platform types, the market includes desktop/laptop, mobile, and wearable categories. In 2021, the desktop/laptop segment led the market with over USD 16 billion, owing to the ease of use and advanced capabilities of desktops, including VR systems like Oculus Quest and Valve Index that require powerful computers. The mobile category is expected to see the fastest growth during the forecast period due to innovations in VR gaming applications for mobile devices.
In terms of end users, the media and entertainment sectors currently hold the largest share of the Vietnam Metaverse Market. The development of AR and VR technologies for gaming and social media is enhancing productivity and realism in virtual environments. This sector is advancing rapidly due to the increasing adoption of cutting-edge gaming technologies, rising income levels, and shifting consumer preferences in entertainment.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Vietnam Metaverse Market”
Key market players in the metaverse market:
- Hyperlink InfoSystem
- Wizeline Vietnam Company Limited (Vietnam)
- Vmodev IT Group
- InspiLab
- Ventuso LLC
- SICLO Mobile
- Savvycom Vietnam
- Elinext IT Solutions Ltd.
- Waverley Software Vietnam
The metaverse, however still in its infancy, is considered as a chance for Southeast Asian game companies.
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“The Vietnam Metaverse Market is expected to grow in the coming years because of ongoing developments in blockchain-enabled decentralization strategies that will break down provider’s barriers. A driving forces of the industry in Vietnam are extensive demand for data traceability, security, and confidence in a business network for the acquisition of non-fungible tokens for digital assets. Significant market drivers for the expansion of the metaverse market include the growing integration of digital platforms with day-to-day operations and the rising consumer adoption of AR, VR, and mixed reality, particularly in the context of art and leisure activities” said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Vietnam Metaverse Market By Component Type (Hardware, Software, Services), By Platform Type (Desktop, Mobile, Headsets), By Technology (Blockchain, Virtual Reality (VR) & Augmented Reality (AR), Mixed Reality (MR), Others), By Offerings (Virtual Platforms, Asset Marketplaces, Avatars, Financial Services), By Application (Gaming, Online Shopping, Content Creation & Social Media, Events & Conference, Testing and Inspection, Others), By End User (BFSI, Retail, Manufacturing, Media & Entertainment, Education, Aerospace & Defense, Others), By Region, Competition, Forecast and Opportunities, 2028” has evaluated the future growth potential of Location- based services market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in metaverse market.
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