Markets News Report
October 20, 2023

AI to Play a Critical Role in Metaverse Development, Will Reach 1 Billion Users by 2030: Report

In Brief

ABI Research predicts that rapid advancements in the next three to four years will drive metaverse adoption, potentially elevating its revenue to nearly US$50 billion by 2030.

According to ABI Research, a global tech intelligence agency, the metaverse’s accelerated adoption will witness several pivotal moments in the coming three to four years, enabled by AI. Significantly, this adoption surge will most notably permeate the consumer segment, a sector currently trailing its industrial counterpart. The projection is near $50 billion metaverse revenue in the consumer domain by 2030.

Michael Inouye, the Principal Analyst for Metaverse Markets and Technologies at ABI, suggests redefining our perspective on the metaverse.

The metaverse is less a novel market and more a nomenclature capturing the essence of ongoing market shifts and industrial patterns.

Michael Inouye said

Facebook‘s rebranding might have put the term ‘metaverse’ on everyone’s lips, but the groundwork for this digital universe predates the social media giant’s name change. Inouye emphasizes that AI is central to this journey towards an interconnected digital reality. Rather than overshadowing the metaverse, AI technologies will facilitate its evolution.

Metaverse’s Future Raising

Devices like Apple’s Vision Pro stand testament to the immense potential spatial computing holds. Such advancements are progressively merging conventional applications with immersive experiences. Additionally, technological revamps like the forthcoming Wi-Fi 7 promise to broaden the accessibility of immersive devices.

The gaming and social media sectors are also playing their part, pioneering new business models revolving around digital asset ownership. Such leaps are reminiscent of the transformative phase streaming videos underwent.

Inouye encapsulates the sentiment, “The paradigms shifting in favor of consumer control, the melding of industries in the ‘Industry 4.0’ era, network unifications, and the evolution of live-service gaming, all hint at a future echoing the metaverse’s promise.”

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

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Nik Asti
Nik Asti

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

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