Metaverse — Progression, Opportunities, and Risks

Metaverse — Progression, Opportunities, and Risks

This IDC Market Perspective provides an analysis of the concept metaverse and examines the progression, opportunities, and risks in the development of the metaverse. The development of Metaverse 3.0 will heavily rely on four key technologies, namely augmented reality/virtual reality (AR/VR), artificial intelligence (AI), cloud computing, and blockchain. By leveraging these four key technologies, the successful development of Metaverse 3.0 will integrate significant changes in six crucial areas of the market, which are entertainment, shopping, social, education, finance, and work."Immediate implications are still somewhat limited, but a developed metaverse ecosystem will have quite a vast impact on the global market across various industries. AR/VR, AI, cloud computing, and blockchain are the four key elements that companies should prioritize in the development of a metaverse, while entertainment, shopping, social, education, finance, and work are the areas in which the successful development of metaverse will have the greatest impact," says Yexi Liao, research analyst, IDC Asia/Pacific.

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