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

RELEASE DATE
25-May-2023
REGION
Global
Deliverable Type
Market Research
Research Code: K882-01-00-00-00
SKU: IT04700-GL-MR_27630
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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

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.--BEGIN PROMO--

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
More Information
Deliverable Type Market Research
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