To reach its full potential, the report highlights the need for four technology enablers: devices, interoperability, open standards, facilitating platforms, and development tools. A greater focus on maximizing the human experience is also necessary to ensure success.
Metaverse Adoption Across Industries
Metaverse initiatives in marketing, learning, and virtual meetings have seen the highest adoption levels across various industries. However, a majority of initiatives have seen low-medium adoption, according to an April 2022 survey on senior executives conducted by McKinsey.
The Metaverse and Live Events
McKinsey estimates that over 50% of live events could be held in the Metaverse by 2030, potentially generating up to $5 trillion in value.
Dating in the Metaverse
One-third of surveyed singles showed interest in dating in the virtual world, according to a survey by the online matchmaking platform Dating.com. With advancements in dating app technology and the Metaverse, singles are open to connecting with people from different geographical locations.