Key Trends and Opportunities in the Global Metaverse Technology Market: The Metaverse vs Digital Twin
DUBLIN, May 13, 2022 /PRNewswire/ -- The "Metaverse Technology Market Outlook" report has been added to ResearchAndMarkets.com's offering.
As per this latest market study, the Metaverse Technology market was valued at $32 billion in 2021 and is likely to reach $224 billion by 2030. Software contributed more than 80% of the market in 2021. The metaverse technology is expected to create revenue opportunities across multiple verticals, particularly for those companies that develop virtual platforms and their components, semiconductors and chips that render ultrarealistic graphics, and the related software.
Metaverse vs Digital Twin
Virtually scanned objects in the metaverse are not digital twins. A scanned object, once incorporated with real metadata and live data feeds from sensors overlaid simultaneously, makes it a digital twin. According to David-Weir McCall of Epic Games, the metaverse is the digital world that lives alongside the physical world and allows people to live, work, and play alongside each other, and digital twin are the foundations of which the metaverse will be built. Digital twin in the metaverse allows the creation of a virtual world where live data is fed, and it will operate exactly the way it would in the real world. Examples include retail store where the shopping experience is optimized in real time and shelves are always stocked.
Key Questions to be answered through this study
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For more information about this report visit https://www.researchandmarkets.com/r/bqgkvw
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