TechFlow news, renowned market research firm ABI Research predicts that digital markets, key technologies, and device/interface developments will accelerate metaverse adoption over the next three to four years, with a critical inflection point expected during this period—especially in consumer sectors where development currently lags behind industrial applications. By 2030, growth in the consumer space is projected to drive metaverse revenues close to $50 billion.
Michael Inouye, Principal Analyst for Metaverse Markets and Technologies at ABI Research, stated that the metaverse should be viewed as a synonym for market transformation and industry trends rather than a new phenomenon, with artificial intelligence being one of the key enabling technologies. The development of new XR devices, technologies, and business models will all contribute to building the future metaverse, which continues to evolve.
