A growing number of organizations are using metaverse-type technology to train workers, collaborate and innovate. And an increasing number of consumers are tuning into the concept of the metaverse, snapping up Apple Vision Pro and Meta Quest 3 to try out the immersive experiences they enable.
Those forays into today’s version of the metaverse are spurring growth, The metaverse is poised to be a $400 billion economic powerhouse by 2030, up from $48 billion in 2022, according to GlobalData’s 2023. As envisioned by analysts and researchers, the metaverse will be a persistent, immersive, shared digital environment where people can interact with each other and transact with businesses.