New Delhi: Regardless of reports that the “metaverse-hype” is slackening, the metaverse could reach up to $900 billion by 2030, as per the reports.
Bain & Company’s new research stated that companies engaged in the metaverse’s early stages of development, called the “seed stage”, over the next five to 10 years are more likely to become the market winners.
“As the metaverse quickly evolves, we’ve already seen these types of technologies take hold within different industries,” a partner in Bain’s Technology practice, Chris Johnson, said in a statement.
“A good example of this is immersive gaming platforms, already boasting hundreds of millions of monthly active users. And while it’s not immediately clear how the metaverse landscape will shift, our research shows there are five competitive battlegrounds that executives should be considering if they wish to get ahead and eventually scale,” Johnson added.
Reports revealed that the metaverse will unlikely emerge as one singular platform.
“Instead, platforms with large user bases today may take steps to become increasingly immersive and engaging, while smaller, metaverse-like environments will try to attract bigger user bases,” it mentioned.
Executives should consider these five key competitive battlegrounds if they want to gain market share in the metaverse: Virtual experiences — predicted to be about 65 per cent of the metaverse projected market size in 2030 –, content-creation tools — about 5 per cent –, app stores and operating systems — about 10 per cent –, devices — about 10 per cent –, and computing and infrastructure — about 10 per cent.
