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IoT Growth Opportunities in the Metaverse
IoT Growth Opportunities in the Metaverse
Digital Twins, 5G, Edge Computing, Sensors, Semiconductors, and XR Devices are Key Enablers of the Metaverse
25-May-2023
Global
Description
Frost & Sullivan defines the metaverse as an interconnected network of persistent three-dimensional (3D) worlds and simulations where end users, represented by virtual avatars, are enabled with a sense of social presence and spatial awareness and participate in an extensive virtual economy.
IoT is crucial in terms of linking the metaverse and real-world objects or devices. Connected to the metaverse, devices can seamlessly share and receive information, thereby creating a more efficient replication of the physical world.
IoT sensors synchronize the physical and virtual worlds, playing a decisive role in data acquisition from physical assets. Digital twins (DTs) are required to replicate a physical object in virtual form. Extended reality (XR) devices are needed to enter the virtual world, and IoT semiconductors are the core component of XR products. Moreover, 5G and edge computing are key enablers of metaverse infrastructure.
Many companies are increasingly investing to position themselves in the metaverse market, and numerous applications within metaverse can lead to interesting business opportunities.
The metaverse is expanding rapidly across various industries, and its related technology is projected to generate revenue opportunities across numerous verticals. Frost & Sullivan expects the combination of IoT and metaverse to open new opportunities for growth and development in the tech space, including IoT companies expanding and enhancing their offerings and establishing strategic partnerships.
Research Highlights
To be considered a component of the IoT, any product, application, or service must be part of a larger solution that comprises these 4 elements:
- Objects that are virtualized and imbued with data measurement capabilities
- The ability to grant identities to physical and virtual objects
- Interconnections between these objects for monitoring and interaction
- The ability to generate real-time insight from data and incorporate it into existing business processes
Key Features
The study offers an in-depth illustration of the following:
- IoT as an enabler of the metaverse (overview and current trends)
- Snapshot of key technologies (including DTs, 5G, edge computing, semiconductors, sensors, and XR)
- Profiles of the top tech companies in the ecosystem
- Growth drivers and restraints
- Forecasts of IoT devices related to the metaverse
- Growth opportunities for market participants
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Internet of Things (IoT) in the Metaverse
Growth Opportunities Fuel the Growth Pipeline Engine™
Definition of IoT
Scope of Analysis
Overview of the Metaverse
Overview of the Metaverse (continued)
The Origins of the Metaverse
Metaverse Segmentation
IoT and the Metaverse: Technologies
IoT and the Metaverse: XR
Current Scenario and Predictions
Current Scenario and Predictions (continued)
Current Scenario and Predictions (continued)
IoT and the Metaverse
IoT and the Metaverse (continued)
IoT and the Metaverse: Digital Twins
IoT and the Metaverse: 5G
IoT and the Metaverse: Edge Computing
IoT and the Metaverse: Semiconductors
IoT and the Metaverse: Sensors
Growth Metrics
Growth Drivers
Growth Drivers Explained
Growth Drivers Explained (continued)
Growth Restraints
Growth Restraints Explained
Growth Restraints Explained (continued)
Forecast Assumptions
Unit Forecast by Segment
Forecast Analysis
Forecast Analysis (continued)
Metaverse Ecosystem
Metaverse Ecosystem (continued)
Tech Giants on the Metaverse: Meta (formerly Facebook)
Tech Giants on the Metaverse: Microsoft
Tech Giants on the Metaverse: Google
Tech Giants on the Metaverse: Apple
Key IoT Companies in the Metaverse
Key IoT Companies in the Metaverse: Intel
Key IoT Companies in the Metaverse: Qualcomm
Key IoT Companies in the Metaverse: NVIDIA
Key IoT Companies in the Metaverse: Unity
Key IoT Companies in the Metaverse: Cisco
Key IoT Companies in the Metaverse: Verizon
Key IoT Companies in the Metaverse: IBM
Key IoT Companies in the Metaverse: Tencent
Key IoT Companies in the Metaverse: SAP
Key IoT Companies in the Metaverse: Accenture
Key IoT Companies in the Metaverse: AWS
Partnerships
Partnerships (continued)
Growth Opportunity 1: Leverage 5G and MEC to Develop Metaverse Applications
Growth Opportunity 1: Leverage 5G and MEC to Develop Metaverse Applications (continued)
Growth Opportunity 2: Use Digital Twins in the Industrial Metaverse
Growth Opportunity 2: Use Digital Twins in the Industrial Metaverse (continued)
Growth Opportunity 3: Adopt Wireless Communication and Charging for XR Devices
Growth Opportunity 3: Adopt Wireless Communication and Charging for XR Devices (continued)
Growth Opportunity 4: Leverage Enriched Sensors for Digital Twins and XR Devices
Growth Opportunity 4: Leverage Enriched Sensors for Digital Twins and XR Devices (continued)
Growth Opportunity 5: Partnerships with Chip Manufacturers to Boost Metaverse Applications with Enhanced Chips
Growth Opportunity 5: Partnerships with Chip Manufacturers to Boost Metaverse Applications with Enhanced Chips (continued)
Growth Opportunity 6: LiDAR Aggregation for Enhanced Computer Vision on the Metaverse
Growth Opportunity 6: LiDAR Aggregation for Enhanced Computer Vision on the Metaverse (continued)
List of Exhibits
Legal Disclaimer
Popular Topics
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Research Highlights
To be considered a component of the IoT, any product, application, or service must be part of a larger solution that comprises these 4 elements:
- Objects that are virtualized and imbued with data measurement capabilities
- The ability to grant identities to physical and virtual objects
- Interconnections between these objects for monitoring and interaction
- The ability to generate real-time insight from data and incorporate it into existing business processes
Key Features
The study offers an in-depth illustration of the following:
- IoT as an enabler of the metaverse (overview and current trends)
- Snapshot of key technologies (including DTs, 5G, edge computing, semiconductors, sensors, and XR)
- Profiles of the top tech companies in the ecosystem
- Growth drivers and restraints
- Forecasts of IoT devices related to the metaverse
- Growth opportunities for market participants
| Author | Constanza Ingaramo |
|---|---|
| Industries | Information Technology |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | metaverse growth |
| Keyword 2 | metaverse opportunities |
| Keyword 3 | industrial metaverse |
| Podcast | No |
| WIP Number | K882-01-00-00-00 |