Metaverse: A lot is made of “Metaverse”. Here’s a look at the hype to understand the technical twist

We will surely see a vast amount of unjust innovation on this journey, encompassing identity theft, fraud, religious and political polarization, and exploitation.


The wide range of Metaverse solutions includes hardware such as displays, sensors, smart glasses and headsets, software tools for programming and asset creation, technologies, virtual platforms and marketplaces. Grand View Research estimates the global market size at US$47.5 billion in 2022 and growing to US$679 billion by 2030 at a CAGR of 39.4%.

Ever since Facebook changed its company name to Meta, possibly to transform a social media company into a futuristic tech company, Metaverse has become a buzzword. Prominent Metaverse players include chipmakers AMD and Nvidia, 3D software maker Unity Technologies, content delivery player Cloudflare, data center company Marvell Technology, platform and social media company Tencent Holdings, Epic Games and Microsoft. The market, however, perceived


why ?

  • Exclusive Economic Times stories, editorials and expert opinions in over 20 industries

  • stock analysis. market research. industry trends to over 4000 shares

  • Clean experience with
    Minimal advertising

  • Comment & interact with the ET Prime community

  • Exclusive invitations to Virtual events with industry leaders

  • A proven team of Journalists & Analysts who can best filter the signal from noise?

Leave a Comment