For better or metaverse

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?

meta Having laid off more than 11,000 staff in 2022 (formerly Facebook) is struggling to acquire and retain users for its social virtual reality (VR) platform, Horizon Worlds.

Apple CEO Tim Cook Many tech companies are bullish on the metaverse, but I’m not sure the average person can understand what the metaverse really is. According to the report, the global metaverse market is expected to reach $996 billion in 2030, with a compound annual growth rate (CAGR) of 39.8%.

According to the Metaverse, the market size will reach $22.79 billion in 2021. global dataa leading data and analytics company.

“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.

according to Deepak Agarwal, Project Manager at GlobalData, The metaverse, while still largely conceptual, has the potential to transform the way people work, shop, communicate, and consume content. “Even though it is in the early stages of development, it could be the next mega-his theme in digital media,” Agarwal said. After 2023, experts say, the basic building blocks of the consumer he metaverse will continue to be refined along with its potential killer use cases.

“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. FICCI We are contributing $1 million to the XR Open Source (XROS) Fellowship Program to support 100 developers working on XR (Augmented Reality) technologies for the future of the Metaverse. Operated by FICCI, cross The program offers developer fellowships, including scholarships and mentoring.

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.” Ajay Kumar SoudChief Scientific Advisor to the Government.

In 2021, Meta will Central Committee of Secondary Education (CBSE) will bring immersive technology to over 10 million students and 1 million educators over the next three years.