Overview of the UAE Metaverse Industry:

The UAE Metaverse market is projected to experience substantial growth between 2023 and 2028, driven by digital transformation, innovation in service delivery, and expanding demand. With a forecasted CAGR of 28% during the forecast period, i.e., 2023-28.

This report offers an in-depth analysis of the key drivers, challenges, competitive landscape, and future outlook — helping businesses, investors, and stakeholders make informed decisions.

Market Size & Forecast (2023–2028)

• Base Year: 2022
• Forecast Period: 2023-28
• Estimated CAGR (2023-28): 28%

Key Market Driver (What’s Driving UAE Metaverse Sector Growth?)

Government Strategy to Make the UAE Global Hub for the Metaverse to Support the Market - The UAE's vision of becoming a global hub for the metaverse community and one of the world's top metaverse economies contribute to the market's growth. Initiatives like Dubai 10X 2.0, launched at the World Government Summit 2018, provide support & funding to innovative startups & companies, enabling them to develop new solutions & services using metaverse technology. The launch of the national Artificial Intelligence (AI) program BRAIN (Building a Responsive Artificial Intelligence Nation) in late 2017, which highlighted advancements in AI & Robotics, has also significantly supported sales growth during 2018-22.

AI and robotics are closely related to the metaverse as they offer the technological infrastructure for the creation & simulation of virtual environments. Moreover, government support for AI & robotics has attracted talented professionals & entrepreneurs to the country, who have helped foster the growth of the country's market. Furthermore, the government's National Artificial Intelligence Strategy 2031 aims at positioning the UAE as a global leader in artificial intelligence by 2031, contributing in enhancing the market size during the forecast period.

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Top Companies in the UAE Metaverse Market

Here’s a snapshot of key players leading innovation and market share:

• Microsoft Gulf FZ LLC
• Tencent Games
• Meta Platforms, Inc.
• NexTech AR Solutions Corp.
• Nvidia Corporation
• Queppelin
• The Sandbox
• ByteDance
• Zero Latency
• Decentraland
• Others

The market is highly fragmented, with a mix of and regional players competing for market share. To Learn More About the Trends Impacting the Future of Top 10 Companies in Premium UAE Metaverse Market

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/uae-metaverse-market.html

UAE Metaverse Market Segmentation Analysis

-By Component

• Hardware
• Software
• Services

Among them, Extended Reality Hardware has showcased considerable growth during the historical period due to its significant use in areas like gaming & entertainment, education & training, and business applications.

-By Technology

• Augmented Reality (AR)
• Virtual Reality (VR)
• Mixed Reality (MR)
• Blockchain

Of them all, Blockchain technology has showcased significant growth due to support from various government strategies like Emirates Blockchain Strategy 2021, Dubai Blockchain Strategy, etc.

-By Application

• Gaming
• Online Shopping
• Digital Marketing
• Events & Conference
• Others (Testing & Inspection, Social Media & Content Creation)

-By End User

• Banking, Financial Services, and Insurance (BFSI)
• Government
• Media & Entertainment
• Retail
• Healthcare
• Others (Education, Telecommunication, etc.)

Geographical Analysis

-By Region

• Dubai
• Abu Dhabi & Al Ain
• Sharjah & Northern Emirates

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Methodology Behind the Report

This research combines qualitative and quantitative methods, including:

• Expert interviews
• Proprietary forecasting models
• Financial and trade databases
• Government and institutional data

Forecasts are validated using top-down and bottom-up approaches to ensure accuracy and reliability.

Frequently Asked Questions About the UAE Metaverse Market

1. What is the growth rate of the UAE Metaverse market from 2023–2028?
2. Which segment are expected to dominate market?
3. Who are the top companies and what strategies being they using?
4. What are the key risks and challenges in this industry?
5. How can businesses prepare for future trends?

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