Bain & Company America’s leading management consulting firm claimed in press release the size of the market Metaverso could reach $900 billion by the end of 2030 Despite recent headlines that the hype is dying down, this is.
There is no doubt that virtual worlds have managed to garner astronomical attention around the world, with dozens of companies spending hundreds of thousands of dollars promoting their existence. Leading companies such as Meta and Google are taking bold steps towards creating their own versions of these virtual worlds.
In recent years, it has been used in various industries such as automobile brands, luxury fashion giants, insurance companies, banking companies, and various real estate companies. Take advantage of the increasingly limitless possibilities offered by the Metaverse Because this could be a multi-trillion dollar opportunity in the near future.
Companies that join the Metaverse will be market winners
With this huge appeal, Bain & Company has revealed that the metaverse market could reach $900 billion by 2030. can stay “Seed stage” At least for the next five to ten years.
The seed stage is the initial stage of business or concept development. The consultancy suggested that companies participating in the Metaverse seed stage are likely to be successful in the next 5-10 years. “Market winner”.
According to the official press release, Bain & Company emphasized that virtual worlds offer businesses diverse and rich economic opportunities to grow. Aside from expanding new ways to interact with your users, there are other benefits as well, such as increased flexibility, better collaboration, and stronger commitment to your customers.
In fact, this connected virtual reality will revolutionize not only people’s social lives, but also the structure of businesses and professions. According to a new report from Ben, “Remove superlatives from the metaverse.” He suggested that virtual worlds were unlikely to emerge as a single platform.
Instead, Today, platforms with large user bases have the potential to become increasingly popular and attractive, while smaller environments like the Metaverse attempt to attract larger user bases. I guess. Bain Technology Partner Chris Johnson said:
“While it is not immediately clear how the metaverse landscape will evolve, our research suggests five competing battlefields that executives should consider if they want to move forward and grow. This creates a more immersive and collaborative experience—an ongoing journey made possible by rapid improvements in the underlying technology.”
As Johnson suggests, there are five key competitive battlefields that executives need to consider if they want to capture market share in the metaverse: virtual experiences, content creation tools, app stores, and working with devices. is. Systems, IT and their infrastructure.
Bain & Company, as well as many other market experts, believe that virtual experiences represent a new revenue stream for businesses and a great opportunity to engage with customers in innovative ways. Elon University’s Pew Research Center and Imagining the Internet Center recently conducted a study on the impact of the 2040 Metaverse.
54% of participants believe the Metaverse will become a more sophisticated, truly pervasive and functional aspect of daily life for over 500 million people worldwide by 2040, making virtual commerce a powerful platform I answered that I expected it to be. Stores, shopping centers and even virtual real estate.
Will the Metaverse really die?
On the other hand, regarding “The Metaverse hype is over”, Metaverse Vice President Vishal Shah recently said: It’s not the Metaverse itself that’s been destroyed, but the hype and fashion surrounding it. ” From the outside, the market looks bleak, he added, with big players like Disney and Microsoft spinning off their VR divisions at an alarming rate.
Vishal Shah has new priorities amid the metaverse bust. https://t.co/l1Gty4fkWf
— FORTUNE (@FortuneMagazine) July 12, 2023
But in reality, Shah argued that the Metaverse never ended, or was already over, and that everyone was simply looking in the wrong direction. Meta executive said:
“I think the Metaverse hype is over. I think we were in a hype cycle. Come on, we’ve been investing in this space for years.”