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Metaverse in Japan - statistics and facts

The term "metaverse," originally coined by Neal Stephenson in his science fiction novel “Snow Crash” (1992), is frequently used today to denote an immersive virtual world in which internet users can interact with each other in the form of avatars. The idea has gained increasing attention in recent years, partly because Facebook founder Mark Zuckerberg repeatedly expressed his support for the concept and Facebook changed its company name to Meta Platforms in October 2021 to indicate its future direction. The metaverse concept, which promises new business opportunities that make use of advanced consumer technologies, has been met with some interest in Japan as well: A survey conducted in early 2022 found that 10 percent of companies in the secondary and tertiary sector were interested in using the metaverse for their business.

The Japanese metaverse market

The metaverse market in Japan, which in this case excludes services that exclusively focus on video games, was estimated at a value of more than 182 billion Japanese yen in fiscal year 2022 and is expected to multiply in size over the coming years. The growth of the market will largely depend on the progress and adoption of related hardware, such as head-mounted displays (HMDs) for extended reality (XR) and 360-degree videos, as well as the ability of content creators to attract users. Bandai Namco, one of Japan’s largest video game publishers, announced in February 2022 that it planned to spend 15 billion yen on developing a metaverse based on the iconic “Gundam” franchise that would be linked to the company’s game arcades and plastic model shops. During the same month, it was announced that Square Enix would bring its “Dungeon Siege” IP to the gaming metaverse “The Sandbox.”

Perceptions of the metaverse

If implemented successfully, metaverse projects can function as a combination of social media, content creation platforms, and e-commerce outlets that connect individual users as well as companies. While some companies see the opportunity of creating a new business line, others perceive the possibility of strengthening their sales capabilities or improving their customer service. There are also examples of successful non-commercial applications in Japan, such as virtual school lessons for children who suffer from social anxiety. While survey figures show that a majority of people in Japan have heard about the metaverse, only a minority is interested in it, which indicates that the metaverse idea is not immediately attractive to everyone and that it will probably take some time for its use to spread from early adopters to a more general audience.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Mar 16, 2023

Key insights

Sales value of the metaverse market
182.5bn JPY
Domestic shipment volume of head-mounted displays (HMDs) for XR and 360-degree videos
708k units
Share of people who are interested in the metaverse
24%
Get more insights

Related topics

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Overview

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Overview

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4

Awareness of the metaverse

Interest in the metaverse

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Interest in the metaverse

Virtual economy

4

Virtual economy

Attitude among businesses

6

Attitude among businesses

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