The metaverse market in Canada is expected to reach a projected revenue of US$ 381,099.4 million by 2033. A compound annual growth rate of 54.1% is expected of Canada metaverse market from 2026 to 2033.
The Canada metaverse market generated a revenue of USD 13,431.4 million in 2025 and is expected to reach USD 381,099.4 million by 2033.
The Canada market is expected to grow at a CAGR of 54.1% from 2026 to 2033.
In terms of segment, gaming was the largest revenue generating application in 2025.
Digital Marketing (Advertising) is the most lucrative application segment registering the fastest growth during the forecast period.
Metaverse market data book summary
Market revenue in 2025
USD 13,431.4 million
Market revenue in 2033
USD 381,099.4 million
Growth rate
54.1% (CAGR from 2026 to 2033)
Largest segment
Gaming
Fastest growing segment
Digital Marketing (Advertising)
Historical data
2021 - 2024
Base year
2025
Forecast period
2026 - 2033
Quantitative units
Revenue in USD million
Market segmentation
Gaming, Content Creation & Social Media, Events & Conference, Digital Marketing (Advertising), Testing and Inspection, Online Shopping
Key market players worldwide
Meta Platforms Inc Class A, Tencent Holdings Ltd, NetEase Inc ADR, NVIDIA Corp, Epic Corp, Roblox Corp Ordinary Shares - Class A, Nextech3d AI Corp Ordinary Shares - New Shares, Grayscale Decentraland Trust (MANA), Microsoft Corp, Antier Solutions Pvt Ltd, ByteDance, Unity Technologies, Lilith Games, The Sandbox, Active Theory
Other key industry trends
In terms of revenue, Canada accounted for 9.7% of the metaverse market in 2025.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
In North America, U.S. metaverse market is projected to lead the regional market in terms of revenue in 2033.
Canada is the fastest growing regional market in North America and is projected to reach USD 381,099.4 million by 2033.
To accelerate the metaverse development in Canada, initiatives and collaborations are being established between businesses, academic institutions, and government agencies. For Instance, the Canadian Digital Media Network (CDMN) has launched a Metaverse Alliance to explore the potential of the metaverse for Canadian businesses and entrepreneurs.
The government of Canada has also established initiatives to explore the potential applications of the metaverse, such as the Digital Industries Economic Strategy Table. Fidelity Total Metaverse Index ETF (FTMI) and Fidelity Total Metaverse Index ETF Fund were introduced by a Canadian financial company, Fidelity Investments Canada ULC.
Through the Fidelity Total Metaverse Index ETF and ETF Fund, financial advisers and investors will have access to companies that are anticipated to be key developers of the experiences, capabilities, and economy of the metaverse.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Metaverse Market Outlook will help companies and investors design strategic landscapes.
Gaming was the largest segment with a revenue share of 35.66% in 2025.
Horizon Databook has segmented the Canada metaverse market based on gaming, content creation & social media, events & conference, digital marketing (advertising), testing and inspection, online shopping covering the revenue growth of each sub-segment from 2021 to 2033.
To accelerate the metaverse development in Canada, initiatives and collaborations are being established between businesses, academic institutions, and government agencies. For Instance, the Canadian Digital Media Network (CDMN) has launched a Metaverse Alliance to explore the potential of the metaverse for Canadian businesses and entrepreneurs.
The government of Canada has also established initiatives to explore the potential applications of the metaverse, such as the Digital Industries Economic Strategy Table. Fidelity Total Metaverse Index ETF (FTMI) and Fidelity Total Metaverse Index ETF Fund were introduced by a Canadian financial company, Fidelity Investments Canada ULC.
Through the Fidelity Total Metaverse Index ETF and ETF Fund, financial advisers and investors will have access to companies that are anticipated to be key developers of the experiences, capabilities, and economy of the metaverse.
Canada Metaverse Market Application Outlook (Revenue, USD Million , 2021-2033)
Gaming
Content Creation & Social Media
Events & Conference
Digital Marketing (Advertising)
Testing and Inspection
Others
Online Shopping
Canada Metaverse Market End Use Outlook (Revenue, USD Million , 2021-2033)
Automotive
Education
Healthcare
BFSI
Media & Entertainment
Others
Aerospace & Defense
Tourism & Hospitality
Retail
Canada Metaverse Market Technology Outlook (Revenue, USD Million , 2021-2033)
Blockchain
Others
Virtual Reality (VR) & Augmented Reality (AR)
Mixed Reality (MR)
Canada Metaverse Market Product Outlook (Revenue, USD Million , 2021-2033)
Infrastructure
Software
Hardware
Services
Canada Metaverse Market Platform Outlook (Revenue, USD Million , 2021-2033)
Desktop
Headsets
Mobile
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Metaverse Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Metaverse Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.