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 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.
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.
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.
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.
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.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 7.39 Bn |
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Revenue Forecast In 2031 |
USD 42.90 Bn |
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Growth Rate CAGR |
CAGR of 24.7% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type And Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
ConsenSys, Enjin, Coinbase, Math Wallet, and Alpha Wallet, Decentraland, The Sandbox, Somnium Space |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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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
Metaverse Wallets Market By Type-
Metaverse Wallets Market By Application-
Metaverse Wallets Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & 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:
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:
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.
