IMV is set to greatly enhance manufacturing engineering, training, safety, and production. According to a new report from ABI Research, spending on industrial metaverse solutions and services will grow at 22.8% to reach US$6.3 billion by 2030 as immersive and collaborative capabilities come to the forefront of industry 4.0 software development efforts to enable connectivity between digital twins and other systems.
Read MoreAs enterprises apply their best creative and strategic thinking to how to take advantage of the metaverse, they should also address the heightened risks the metaverse will pose to employees, customers and corporate assets, according to Everest Group.
Read MoreThe metaverse is anticipated to become a platform where people spend time with social communities, consume media, and participate in virtual events and sports. Frost & Sullivan finds that the metaverse will be an interconnected network of virtual worlds that will eventually become an extension of the real-world economy.
Read MoreWith investment and interest growing exponentially, the augmented reality market is set to grow at an equally significant rate over the next five years. According to ABI Research, nearly 40 million Augmented Reality (AR) smart glasses will ship in 2027, with the total augmented and mixed reality market surpassing $220 billion in the same year.
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