According to the publisher, the Metaverse industry in Mexico is expected to grow by 46.3% on an annual basis to reach US$2,803.6 million in 2023.
The Metaverse industry is expected to grow steadily over the forecast period, recording a CAGR of 33.0% during 2023-2030. The Metaverse Spend Value in the country will increase from US$1,916.9 million in 2022 to reach US$20,649.1 million by 2030.
In Latin America, Mexico is one of the leading countries when it comes to the development of the metaverse. Not just businesses, but even individual investors have started to invest heavily in the space. In September 2022, the country also hosted the Metaverse Mexico Bootcamp, during which a group of experts offered training on different business models in the metaverse.
Furthermore, they also offered lectures and exhibitions with virtual and augmented reality technology. The bootcamp comes at a time when many entrepreneurs and professionals aged 30 to 40 are showing interest and curiosity in exploring the metaverse. With many innovative metaverse projects currently under development, coupled with the growing interest among consumers and professionals, the outlook for the Mexican metaverse market remains positive over the next three to four years.
This report provides a comprehensive view of the size, and dynamics of the metaverse industry in Mexico 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 33.0% during 2023-2030. The Metaverse Spend Value in the country will increase from US$1,916.9 million in 2022 to reach US$20,649.1 million by 2030.
In Latin America, Mexico is one of the leading countries when it comes to the development of the metaverse. Not just businesses, but even individual investors have started to invest heavily in the space. In September 2022, the country also hosted the Metaverse Mexico Bootcamp, during which a group of experts offered training on different business models in the metaverse.
Furthermore, they also offered lectures and exhibitions with virtual and augmented reality technology. The bootcamp comes at a time when many entrepreneurs and professionals aged 30 to 40 are showing interest and curiosity in exploring the metaverse. With many innovative metaverse projects currently under development, coupled with the growing interest among consumers and professionals, the outlook for the Mexican metaverse market remains positive over the next three to four years.
Metaverse shopping mall launched amid the growing popularity among consumers in Mexico
Mexicans are demanding innovative shopping experiences from their favored brands and businesses. The rising popularity of the metaverse, has therefore, driven the need for investment in the development of metaverse shopping capabilities.- In October 2022, a Mexican entrepreneur announced the launch of the country's first metaverse shopping mall, Island Shopping Mall, which houses over 80 brands currently. Notably, the shopping mall plans to host more than 800 brands from a short-term perspective.
- Among the leading brands that are currently selling products inside the metaverse mall include LA Colors, LA Girl, Bath & Body Works, and Victoria’s Secret, among others. Notably, the developers have made the metaverse shopping mall accessible on both Android and Apple devices.
- To further bring more brands into the virtual shopping world, the metaverse shopping mall has entered into a strategic collaboration with The Savings Group Limited, a UK-based firm specializing in discount coupons. Through the partnership, the mall will integrate an additional 879 brands on its platform. These brands will include leading names such as Nike, Puma, Guess, Adidas, and Apple, among others.
Mexican investors are heavily investing in metaverse projects launched by firms operating in the space
Apart from seeking immersive experiences from their favored brands and businesses, Mexicans are also making an investment in upcoming metaverse projects, thereby supporting industry growth. For instance,- Flink, a Mexico-based firm that allows investors to buy fractional shares in big tech firms operating in the metaverse space, announced that more than 13,000 Mexicans have invested in the metaverse sector as of February 2022. This shows the growing popularity of the virtual world among investors in the country.
Business professionals are ready to adopt the metaverse involvement in their daily operations
With the various benefits that the metaverse has to offer, such as cost and travel savings and lesser distraction, business professionals in Mexico are showing a growing interest in virtual reality. As the metaverse interest among business professionals continues to rise in Mexico and other Latin American countries, TechInsigh360 expects more businesses to invest in the virtual world toward the development of innovative tools and platforms. However, the availability of high-speed internet will play a pivotal role in the adoption of metaverse among work professionals in Mexico.This report provides a comprehensive view of the size, and dynamics of the metaverse industry in Mexico 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.Mexico 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
Mexico 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
Mexico 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)
Mexico 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
Mexico 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
Mexico Spend on Metaverse by Platform
- Desktop
- Mobile
- Headset
Mexico 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
Mexico 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
Mexico 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
Mexico Consumer Spend on Metaverse by Device, 2021-2030
- Desktop
- Mobile
- Digital Gadgets
Mexico 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. Mexico Metaverse Market Size and Future Growth Dynamics by Key Performance Indicators
3. Mexico Metaverse - Business Spend by Sector Value Trend Analysis, 2021 - 2030
4. Mexico Total Business Spend on Metaverse by Use Case / Application, 2021 - 2030
5. Mexico Business NFT Spend by Sector Trend Analysis, 2021 - 2030
6. Mexico Total Business Spend on Metaverse by Technology, 2021 - 2030
7. Mexico Business Spend on Metaverse by Platforms, 2021 - 2030
8. Mexico Ecommerce Spend on Metaverse by Sector, 2021 - 2030
9. Mexico NFT Market Size and Future Growth Dynamics by Key Performance Indicators
10. Mexico NFT Market Size and Forecast by Key Assets
11. Mexico Consumer Spend on Metaverse by Device Trend Analysis, 2021-2030
12. Mexico 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 | $ 2803.6 Million |
| Forecasted Market Value ( USD | $ 20649.1 Million |
| Compound Annual Growth Rate | 33.0% |
| Regions Covered | Mexico |
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