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Metaverse Driven Spending in Manufacturing

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SOURCE RESEARCH

Industrial Metaverse: Use Cases, Deployments and Case Studies

Presentation | 1Q 2024 | PT-2694

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By 2030, ABI Research industrial metaverse use cases to represent a more than US$6 billion market opportunity.

The Industrial Metaverse (IMV) involves immersive technologies (Augmented Reality (AR)/Virtual Reality (VR), immersive collaboration), and dedicated digital twin initiatives that combine data virtualization and standardization, simulation/Artificial Intelligence (AI), business operations systems, and external data sources to help digital twins connect to other digital twins and systems. The chart above forecasts spending by manufacturing on metaverse-driven technology solutions by the following technology types:

  • Internet of Things (IoT) & Data Management
  • Enterprise Resource Planning (ERP)
  • Simulation
  • Metaverse Platform & Visualization
  • Data Management, Analytics 
  • Professional Services/Fees