According to the publisher, the Metaverse industry in Indonesia is expected to grow by 47.8% on an annual basis to reach US$4,592.1 million in 2023.
The Metaverse industry is expected to grow steadily over the forecast period, recording a CAGR of 30.7% during 2023-2030. The Metaverse Spend Value in the country will increase from US$3,106.4 million in 2022 to reach US$29,947.5 million by 2030.
The metaverse ecosystem has been growing rapidly in Indonesia amid the rising interest in emerging technology. Both government entities, as well as private corporations, have launched several different metaverse projects to support the digital economy in the country. The resulting investment in the sector is driving industry growth in Indonesia and the trend is expected to further continue from the short to medium-term perspective.
From promoting local businesses and products in the metaverse to offering shopping capabilities in the virtual world, many innovative use cases have emerged in the Indonesian metaverse market in 2022. Investor interest is also growing in the sector, as a homegrown metaverse builder raised approximately US$29 million through a public offering. As both public and private organizations continue to drive investment in the sector, the publisher expects the metaverse industry to record robust growth over the next three to four years in the country.
Firms are entering into strategic collaborations to launch innovative metaverse projects in Indonesia.
Along with government entities, private corporations have also found interest in the metaverse market. To launch innovative solutions, private firms are entering into strategic collaborations with tech players in Indonesia. For instance,
This report provides a comprehensive view of the size, and dynamics of the metaverse industry in Indonesia along with market trends covering over 100 KPIs. It details market opportunities across key sectors - retail industry, technology & telecommunications, financial services, manufacturing, travel and hospitality, media & entertainment, training & education, real estate, and health & wellness. It provides analysis in terms of business spend as well as consumer spend.
The Metaverse industry is expected to grow steadily over the forecast period, recording a CAGR of 30.7% during 2023-2030. The Metaverse Spend Value in the country will increase from US$3,106.4 million in 2022 to reach US$29,947.5 million by 2030.
The metaverse ecosystem has been growing rapidly in Indonesia amid the rising interest in emerging technology. Both government entities, as well as private corporations, have launched several different metaverse projects to support the digital economy in the country. The resulting investment in the sector is driving industry growth in Indonesia and the trend is expected to further continue from the short to medium-term perspective.
From promoting local businesses and products in the metaverse to offering shopping capabilities in the virtual world, many innovative use cases have emerged in the Indonesian metaverse market in 2022. Investor interest is also growing in the sector, as a homegrown metaverse builder raised approximately US$29 million through a public offering. As both public and private organizations continue to drive investment in the sector, the publisher expects the metaverse industry to record robust growth over the next three to four years in the country.
Indonesia utilizes the G20 Summit as a launchpad to showcase its metaverse capabilities to the global leaders
Indonesia has been betting big on the metaverse sector by undertaking several innovative projects in the virtual world. To showcase its abilities and development in the metaverse sector to leaders from around the world, the country is using the G20 Summit as the launchpad. For instance,- In November 2022, PT Bank Negara Indonesia (BNI), the central bank of Indonesia, showcased its immersive banking capabilities to the global leaders at the G20 Summit. The central bank introduced its Go Global digital banking solution through the metaverse channel. Furthermore, BNI Mobile Banking, BNI Xpora, and BNI Direct were among the other services that were presented to the global leaders informatively in the metaverse.
- At the G20 Summit, Indonesia also unveiled its first metaverse city Jagat Nusantara, the future capital of the country. Notably, Jagat is a metaverse-based social platform that is dedicated to offering citizens an immersive and interactive experience. Notably, every firm that is planning to have a place in Nusantara will also get a place in the virtual world. Going forward, the virtual city also plans to expand its reach globally and is expected to build a shared economy ecosystem.
Firms are entering into strategic collaborations to launch innovative metaverse projects in Indonesia.
Along with government entities, private corporations have also found interest in the metaverse market. To launch innovative solutions, private firms are entering into strategic collaborations with tech players in Indonesia. For instance,
- In October 2022, PT Solusi Synergy Digital Tbk, a digital company based in Indonesia, announced the launch of a new metaverse platform MyVerse, the first transportation metaverse ecosystem launched in Indonesia for the public. For developing the platform, PT Solusi Sinergi Digital Tbk entered into a strategic collaboration with two tech firms, FromLabs Pte Ltd and PT Lini Imaji Kreasi Ecosystem. In the initial stage of the launch, PT Solusi Sinergi Digital Tbk is targeting to acquire 20 million transportation users that will receive access to the services launched by the firm.
Government entities are seeking to leverage metaverse capabilities to drive the digital economy in Indonesia
To drive the growth of its economy and promote the adoption of digital services among consumers, government entities have increased their investment in the metaverse space and are undertaking innovative projects. For instance,- In August 2022, the Indonesian government tasked the state carrier for creating a metaverse platform. Notably, metaNesia, the metaverse platform launched by PT Telkom is used for promoting local businesses, while offering a bunch of other services including metaverse mall, shopping and service centers, entertainment, as well as the ability to host concerts in the metaverse.
- In August 2022, the Ministry of Tourism and Creative Economy partnered with Magnus Digital Indonesia to develop a metaverse channel, Wonder Verse Indonesia. The channel is aimed at promoting tourism places in Indonesia to both domestic as well as international travelers. Furthermore, tourism firms can also promote their products to consumers through the metaverse channel. Moreover, travelers can also purchase flight tickets, accommodations, and hotels through the metaverse platform.
This report provides a comprehensive view of the size, and dynamics of the metaverse industry in Indonesia along with market trends covering over 100 KPIs. It details market opportunities across key sectors - retail industry, technology & telecommunications, financial services, manufacturing, travel and hospitality, media & entertainment, training & education, real estate, and health & wellness. It provides analysis in terms of business spend as well as consumer spend.
- Business spend: Market estimates and forecasts to assess opportunities by business spend on metaverse by sector, application/use cases, technology, and platform.
- Consumer spend: Breaks down consumer spend on metaverse by key component segments such as append on e-commerce, NFT purchase, by devices, and hardware devices to provide detailed assessment across the metaverse industry.
- NFT industry segments: Provides value, volume, and average value per transaction across 7 key assets in the NFT market. This includes collectibles and art, real estate, sports, utility, gaming, fashion and luxury, and others.
Scope
This report provides a detailed data-driven analysis of metaverse industry, covering a range of segments and highlighting growth areas across verticals. With over 100 KPIs at the country level, this report provides a comprehensive understanding of metaverse market dynamics. In addition, it provides a comprehensive understanding of NFT market dynamics and future forecasts.Indonesia Metaverse Market Size and Future Growth Dynamics by Key Performance Indicators
- Total Spend Value Trend Analysis
- Business Spend Value Trend Analysis
- Consumer Spend Value Trend Analysis
Indonesia Metaverse - Business Spend by Sector Value Trend Analysis, 2021-2030
- Retail Industry
- Technology & Telecommunications Industry
- Financial Services Industry
- Manufacturing Industry
- Travel and Hospitality Industry
- Media & Entertainment Industry
- Training & Education Industry
- Real Estate Industry
- Health & Wellness Industry
- Other
Indonesia Business Spend on Metaverse by Use Case/Application, 2021-2030
- Retail (Marketing & Advertising, Commerce, Operations & Training)
- Technology & Telecommunications (Marketing & Advertising, Commerce, Operations & Training)
- Financial Services (Marketing & Advertising, Commerce, Operations & Training)
- Manufacturing (Marketing & Advertising, Commerce, Operations & Training]
- Travel and Hospitality (Marketing & Advertising, Commerce, Operations & Training)
- Media & Entertainment (Marketing & Advertising, Commerce, Operations & Training)
- Training & Education (Marketing & Advertising, Commerce, Operations & Training)
- Real Estate (Marketing & Advertising, Commerce, Operations & Training)
- Health & Wellness (Marketing & Advertising, Commerce, Operations & Training)
- Other (Marketing & Advertising, Commerce, Operations & Training)
Indonesia NFT Spend by Sector Value Trend Analysis, 2021-2030
- Retail Industry
- Technology & Telecommunications Industry
- Financial Services Industry
- Manufacturing Industry
- Travel and Hospitality Industry
- Media & Entertainment Industry
- Training & Education Industry
- Real Estate Industry
- Health & Wellness Industry
- Other Industry
Indonesia Business Spend on Metaverse by Technology
- By Technology
- Retail Industry
- Technology & Telecommunications
- Financial Services
- Manufacturing Industry
- Travel and Hospitality
- Media & Entertainment
- Training & Education
- Real Estate
- Health & Wellness
- Other
Indonesia Spend on Metaverse by Platform
- Desktop
- Mobile
- Headset
Indonesia Ecommerce Spend on Metaverse by Sector (Gross Merchandise Value), 2021-2030
- Retail Shopping
- Travel and Hospitality
- Online Food Service
- Media & Entertainment
- Health & Wellness
- Technology Products & Services
- Other Industries
Indonesia NFT Market Size and Future Growth Dynamics by Key Performance Indicators
NFT -Total Sales Spend Value Trend Analysis, 2021-2030
NFT - Total Sales Spend Volume Trend Analysis, 2021-2030
NFT - Average Value Per Transaction Trend Analysis, 2021-2030
Indonesia NFT Market Size and Forecast by Key Assets, 2021-2030
NFT Collectibles and Art Trend Analysis, 2021-2030
- Spend Value
- Spend Volume
- Average Value Per Transaction
NFT Real Estate Trend Analysis, 2021-2030
- Spend Value
- Spend Volume
- Average Value Per Transaction
NFT Sports Trend Analysis, 2021-2030
- Spend Value
- Spend Volume
- Average Value Per Transaction
NFT Gaming Trend Analysis, 2021-2030
- Spend Value
- Spend Volume
- Average Value Per Transaction
NFT Utility Trend Analysis, 2021-2030
- Spend Value
- Spend Volume
- Average Value Per Transaction
NFT Fashion and Luxury Trend Analysis, 2021-2030
- Spend Value Trend Analysis
- Spend Volume Trend Analysis
- Average Value Per Transaction
Other Assets Trend Analysis, 2021-2030
- Spend Value Trend Analysis
- Spend Volume Trend Analysis
- Average Value Per Transaction
Indonesia Consumer Spend on Metaverse by Device, 2021-2030
- Desktop
- Mobile
- Digital Gadgets
Indonesia Consumer Spend on Metaverse by Hardware Devices, 2021-2030
- AR (Augmented Reality)
- VR (Virtual Reality)
- MR (Mixed Reality)
Reasons to buy
- In-depth Understanding of Metaverse Market Dynamics: Understand market opportunities and key trends along with forecast (2021-2030). Understand market dynamics through essential KPIs such as business and consumer spend.
- Vertical Insights and Use Cases: Get market dynamics through business spend by sector across the retail industry, technology & telecommunications, financial services, manufacturing, travel and hospitality, media & entertainment, training & education, real estate, and health & wellness.
- Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate a strategy; assess market-specific key trends, drivers, and risks in the metaverse and NFT market to help stakeholders build profitable strategies.
- Get Insights into NFT Market Size and Forecast by Key Assets: Collectibles and art, real estate, gaming, sports, utility, fashion & others.
- Consumer Spend on Metaverse: Get a market evaluation based on in-depth information obtained from metaverse spend on e-commerce, NFT purchase, and device & hardware devices.
Table of Contents
1. About this Report
2. Indonesia Metaverse Market Size and Future Growth Dynamics by Key Performance Indicators
3. Indonesia Metaverse - Business Spend by Sector Value Trend Analysis, 2021 - 2030
4. Indonesia Total Business Spend on Metaverse by Use Case / Application, 2021 - 2030
5. Indonesia Business NFT Spend by Sector Trend Analysis, 2021 - 2030
6. Indonesia Total Business Spend on Metaverse by Technology, 2021 - 2030
7. Indonesia Business Spend on Metaverse by Platforms, 2021 - 2030
8. Indonesia Ecommerce Spend on Metaverse by Sector, 2021 - 2030
9. Indonesia NFT Market Size and Future Growth Dynamics by Key Performance Indicators
10. Indonesia NFT Market Size and Forecast by Key Assets
11. Indonesia Consumer Spend on Metaverse by Device Trend Analysis, 2021-2030
12. Indonesia Consumer Spend on Metaverse by Hardware Devices
13. Further Reading
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 183 |
| Published | January 2023 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 4592.1 Million |
| Forecasted Market Value ( USD | $ 29947.5 Million |
| Compound Annual Growth Rate | 30.7% |
| Regions Covered | Indonesia |
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