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Virtual experiences are predicted to be 65 percent of the metaverse

Virtual experiences are predicted to be 65 percent of the metaverse

Immersive experiences are where technology is headed.

Maybe you noticed that Meta is advertising its Meta for Work on Facebook and Instagram.

If you didn’t, then you probably didn’t take note that company recently rehired several employees it had just laid off.

Despite losses incurred by its Reality Labs, the FANG leader clearly believes in the future of immersive experiences in the workplace.

Bain & Company concurs. Their analysts forecast that the Metaverse could be a $900 billion business by 2030.

Virtual experiences are predicted to be about 65 percent of the metaverse market in 2030, ahead of app stores and operating systems.

Wall Street darling, Nvidia, also seems to be bullish on immersive experiences, as it recently announced major updates to its Omniverse platform, which is touted as a unifying platform for the industrial metaverse.

Even Apple is all in on immersive, as evidenced by the big reveal of its Apple Vision Pro headsets.

GRIT DAILY

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