The Location-Based Entertainment Market grew from USD 4.73 billion in 2023 to USD 5.72 billion in 2024. It is expected to continue growing at a CAGR of 22.78%, reaching USD 19.93 billion by 2030. A significant growth factor is the rising consumer demand for unique and personalized experiences, driven by technological advancements in AR and VR. Additionally, the surge in disposable income and evolving lifestyle preferences, particularly among millennials and Gen Z, further propels market demand. There are considerable opportunities in expanding AR and VR integrations that provide seamless and interactive experiences, partnering with tech firms for the development of high-quality content or localized themed experiences.
Source: Globe Newswire
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