The Metaverse — the most-used technology buzzword of the year — has failed to capture the attention of the masses to this day. Will it be useful in our daily lives in 2023?
According to the Metaverse, the market size will reach $22.79 billion in 2021.
“As India prepares to become one of the fastest growing economies in the world in 2023, the coming months will be crucial in setting the stage for long-term success,” said Adobe India. Vice President and Managing Director Prativa Mohapatra told IANS.
2022 will see megatrends such as the boom and bust of cryptocurrencies, more examples demonstrating the power of generative AI, and incredible use cases for the metaverse’s long-term journey to truly impact the world. appeared. “With such fast-paced trends dominating the dynamics of the industry and the customer experience in 2023, companies are forced to continuously adapt to change, evolve their strategies and drive innovations that can create impact. We need to focus on looking around every nook and cranny,” added Mohapatra.
Various players in the technology sector, including semiconductor, component, and application software manufacturers, are starting to leverage the metaverse.
“The enterprise metaverse will continue to gain momentum in 2023, as companies seek to improve efficiency and combat unsustainable black swan events,” said Prabram, head of CMR’s Industry Intelligence Group. (Prabhu Ram) told IANS.
For example, digital twins have enabled Indian manufacturers to remotely monitor, map and manage their supply chains and production plants, he added.
Meta announced in November that it supports industry groups.
The National e-Governance Division, an initiative of the Ministry of Electronics and Information Technology (MeitY), will be the technical partner of the program. “India’s vision can only be achieved if young developers and start-ups contribute to making the technologies of the future a reality.”
In 2021, Meta will