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Metaverse Wallets Market

Metaverse Wallets Market Size, Share & Trends Analysis Report By Type (Desktop Wallet, Online Wallet, Mobile Wallet, Hardware Wallet, and Paper Wallet), By Application (Commercial and Individual), By Region, And By Segment Forecasts, 2024-2031

Report ID : 2606 | Published : 2025-02-11 | Pages: 170 | Format: PDF/EXCEL/Power BI Dashbord

The Metaverse Wallets Market Size is valued at USD 7.39 billion in 2023 and is predicted to reach USD 42.90 billion by the year 2031 at a 24.7% CAGR during the forecast period for 2024-2031.

metaverse wallets

Metaverse wallets typically support multiple cryptocurrencies and tokens, allowing users to seamlessly transact across different blockchain ecosystems. They also provide functionalities such as transferring assets between users, managing NFT collections, and accessing decentralized applications (dApps) that are integrated into the metaverse environment. They enable users to participate in virtual economies, buy and sell virtual land, trade NFTs representing digital art or virtual items, and engage in various forms of commerce and social interactions within the metaverse.

Technological developments and increasing interest in metaverse activities are projected to drive substantial growth in the market for metaverse wallets. In order to capitalize on market opportunities and surmount hurdles, prominent corporations are allocating resources towards innovation and forging strategic collaborations. This guarantees that users inside the emerging metaverse ecosystem will be able to utilize secure and dependable wallet solutions.

Competitive Landscape

Some Major Key Players In The Metaverse Wallets Market:

  • ConsenSys
  • Enjin
  • Coinbase
  • Coinomi
  • Math Wallet
  • Alpha Wallet
  • Decentraland
  • The Sandbox
  • Somnium Space

Market Segmentation:

The metaverse wallet market is segmented based on type and application. Based on type, the market is segmented into Desktop Wallet, Online Wallet, Mobile Wallet, Hardware Wallet, and Paper Wallet. The application segment comprised Commercial and Individual.

Based On The Type, The Mobile Wallet Segment Is Accounted As A Major Contributor To The Metaverse Wallets Market

The mobile wallet category is expected to hold a major global market share in 2023. The software that users use to store and manage their cryptocurrency holdings when they are on their smartphones or tablets is called a mobile app wallet. Because they are mastered and set aside without the original holder, mobile wallets might be familiar to a wide audience due to their sovereignty and similar access. The users are still designed to safeguard these wallets against loss or theft, just as they would with their actual money, by making sure they have the security certificates or pins that have been assigned to them.

Commercial Segment To Witness Growth At A Rapid Rate.

The term "commercial" describes operations, goods, and services provided by businesses that are connected to or meant for commercial output. This type of trade is equivalent to exchanges of value or revenue, transactions involving actual money, and trades in which the main objective is to generate profits or gains for oneself. Conversely, "individual" refers to a single person or item that is regarded as a single unit and has no bearing on other individuals or things. It is mostly concerned with qualities of the individual that are not tied to the group or society, such as personal habits, rights, or relationships.

In The Region, The North American Metaverse Wallets Market Holds A Significant Revenue Share.

The North American metaverse wallets market is predicted to record the largest market revenue share in the near future as a result of large investments and widespread technology usage. Particularly in North America, the adoption of emerging technologies and virtual advancements is frequently at the forefront due to factors like an innovative lifestyle, an entrepreneurial mindset, and strong regulatory frameworks that support the development of cryptocurrencies and blockchain technology. Further contributing to the rise in the use of metaverse wallets is the existence of venture capital firms, major corporations, and cryptocurrency exchanges in places like Silicon Valley. In addition, Asia Pacific is predicted to grow rapidly in the global metaverse wallets market, with China, Japan, South Korea, India, and Southeast Asia at the forefront of technology innovation and metaverse use. The investment in metaverse technology by a number of nations in this region is also contributing to the market's expansion.

Recent Developments:

  • In June 2024, Coinbase introduced its non-custodial smart wallet, which enables gasless transactions. The wallet was specifically engineered to function seamlessly across various networks and applications, aligning with Coinbase's objective of attracting a large number of users to Web3.

Metaverse Wallets Market Report Scope

Report Attribute

Specifications

Market Size Value In 2023

USD 7.39 Bn

Revenue Forecast In 2031

USD 42.90 Bn

Growth Rate CAGR

CAGR of 24.7% from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Million and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Type And Application

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea

Competitive Landscape

ConsenSys, Enjin, Coinbase, Math Wallet, and Alpha Wallet, Decentraland, The Sandbox, Somnium Space

Customization Scope

Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

 

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Metaverse Wallets Market Snapshot

Chapter 4. Global Metaverse Wallets Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:

5.2.1. Desktop Wallet
5.2.2. Online Wallet
5.2.3. Mobile Wallet
5.2.4. Hardware Wallet
5.2.5. Paper Wallet

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
6.2.1. Commercial
6.2.2. Individual

Chapter 7. Metaverse Wallets Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.1.2. North America Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.1.3. North America Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.2. Europe
7.2.1. Europe Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.2.2. Europe Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.2.3. Europe Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.3. Asia Pacific
7.3.1. Asia Pacific Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.3.2. Asia Pacific Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.3.3. Asia Pacific Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.4. Latin America
7.4.1. Latin America Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.4.2. Latin America Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.4.3. Latin America Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.5. Middle East & Africa
7.5.1. Middle East & Africa Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.5.2. Middle East & Africa Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.5.3. Middle East & Africa Metaverse Wallets Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles

8.2.1. ConsenSys(Metamask)
8.2.2. Enjin
8.2.3. Coinbase
8.2.4. Math Wallet
8.2.5. Alpha Wallet
8.2.6. Decentraland
8.2.7. The Sandbox
8.2.8. Somnium Space
8.2.9. Other Prominent Players

 

Segmentation of Metaverse Wallets Market-

Metaverse Wallets Market By Type-

  • Desktop Wallet
  • Online Wallet
  • Mobile Wallet
  • Hardware Wallet
  • Paper Wallet

metaverse Wallets

Metaverse Wallets Market By Application-

  • Commercial
  • Individual

Metaverse Wallets Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

 

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

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Frequently Asked Questions

How big is the Metaverse Wallets Market Size?

The Metaverse Wallets Market is estimated to grow at a 24.7% CAGR during the forecast period for 2024-2031.

ConsenSys, Enjin, Coinbase, Math Wallet, and Alpha Wallet, Decentraland, The Sandbox, Somnium Space

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