Metaverse will lead the next digital transformation

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Study
A new study by Kearney shows that global business leaders are optimistic about the metaverse . In fact, 60% of telecom and consumer goods executives surveyed say it could have a major impact on their businesses. However, there are some skeptics. Former Google CEO Eric Schmidt is skeptical due to the lack of agreement on exactly what the metaverse is , and Apple CEO Tim Cook questioned its future, saying that people don’t understand it. In recent months, companies have seemed to be lax about their plans for the metaverse , including Meta, which now appears to be focusing on artificial intelligence (AI) .

Uncertain market
The myriad issues related to the metaverse are making leaders think. The timing of entry and the uncertain size of the market are two big issues. Experts like Matthew Ball believe that the revenues of the metaverse will reach $10 trillion by austria rcs data 2030, and some investment banks predict that they will reach $13 trillion in the same period. In contrast, tech futurist Kathy Hackel estimates that it will only reach $1 trillion by 2030, and Meta sees it growing to $2 trillion in the next seven years.


However, the metaverse is very much alive. Overall, the tech world is excited, believing it will be the next step in digital transformation. New market entrants and industry movements mean it is an exciting and innovative place for forward-thinking. Some believe it could elevate life as we know it, merging the online and offline worlds into a single, universal and immersive experience, where visitors will seamlessly move between work, play, shopping, socializing and creativity.