Market Insights Advertising & Media Metaverse

Metaverse Virtual Assets - Israel

Israel

The value projected for the Metaverse Virtual Assets market in 2024 is expected to reach US$14.3m.
This market is expected to show a steady annual growth rate (CAGR 2024-2030) of 19.54%, resulting in a projected market volume of US$41.7m by 2030.
It is worth noting that in the United States generates the most value in this market, with a projected market volume of US$1,078.0m in 2024.
Looking at the user base, the number of users in the Metaverse Virtual Assets market is expected to reach 176.7k users by 2030.
The user penetration rate, which currently stands at 1.6% in 2024, is projected to increase to 1.7% by 2030.
In terms of average value per user (ARPU), it is expected to amount to US$95.1.
This indicates the average value generated by each user in the Metaverse Virtual Assets market.
It is worth noting that these projections and figures are specific to the global market and do not take into account any country-specific factors.
However, it is important to mention that in Israel is actively participating in the Metaverse Virtual Assets market, contributing to its overall growth and development.
Israel is emerging as a hotspot for Metaverse Virtual Assets, with a growing number of tech-savvy entrepreneurs and investors entering the market.

Market

Region

Region comparison

Currency

Analyst Opinion

The Metaverse Virtual Assets market in Israel has been experiencing significant growth and development in recent years.

Customer preferences: Israeli consumers have shown a strong interest in virtual assets within the metaverse. This can be attributed to several factors. Firstly, there is a growing trend of digitalization and technology adoption in Israel. The country has a vibrant tech startup scene and is known for its innovation in various industries. As a result, Israeli consumers are more open to exploring and embracing new digital experiences, including virtual assets in the metaverse. Secondly, there is a strong gaming culture in Israel, with a large number of gamers and esports enthusiasts. This has created a demand for virtual assets that can enhance the gaming experience and provide a competitive edge. Lastly, Israeli consumers are increasingly looking for alternative investment opportunities. Virtual assets in the metaverse offer a unique investment proposition, with the potential for high returns and the ability to diversify investment portfolios.

Trends in the market: One of the key trends in the Metaverse Virtual Assets market in Israel is the emergence of NFTs (non-fungible tokens). NFTs are unique digital assets that can represent ownership of virtual items, artwork, or other forms of digital content. Israeli artists and creators have been quick to embrace NFTs as a way to monetize their work and reach a global audience. This has led to a surge in interest and demand for NFTs among Israeli consumers. Additionally, there has been a growing trend of virtual real estate investment in the metaverse. Israeli investors are purchasing virtual land and properties within virtual worlds, with the expectation of future appreciation in value. This trend is driven by the belief that virtual real estate will become increasingly valuable as the metaverse evolves and becomes more integrated into everyday life.

Local special circumstances: Israel has a highly educated population with a strong technical background. This has created a favorable environment for the development of the Metaverse Virtual Assets market. Israeli entrepreneurs and developers are actively working on innovative projects in the metaverse, ranging from virtual reality gaming experiences to virtual marketplaces for buying and selling virtual assets. The country's strong cybersecurity expertise also provides a competitive advantage in ensuring the security and integrity of virtual assets in the metaverse.

Underlying macroeconomic factors: Israel has a robust and growing economy, which provides a solid foundation for the development of the Metaverse Virtual Assets market. The country has a strong startup ecosystem and is home to many successful technology companies. This has attracted investment and talent to the country, creating a favorable environment for the growth of the metaverse industry. Additionally, Israel has a well-developed financial sector, with a sophisticated capital market and a strong regulatory framework. This provides investors with confidence and stability when participating in the Metaverse Virtual Assets market. Overall, the combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors has contributed to the rapid development of the Metaverse Virtual Assets market in Israel.

Methodology

Data coverage:

Figures are based on transaction values, revenues, and assets under management.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use reports, third-party studies, and research companies. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, and internet penetration rates. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are consumer spending per capita, level of digitalization, cloud revenues.

Additional Notes:

The market is updated twice per year in case market dynamics change. Consumer Insights data is unbiased for representativeness.