NEW YORK, Nov. 3, 2022 /PRNewswire/ — Gaming technology will serve as the biggest driving force for the metaverse’s evolution in the near term as augmented reality (AR) and virtual reality (VR) hardware enables users to engage in virtual worlds in and outside of work, according to a new S&P Global Market Intelligence report released today. The newly published 2023 Technology, Media and Telecommunications (TMT) Industry Outlook is part of S&P Global Market Intelligence’s Big Picture 2023 Outlook Report Series.
The new report highlighted implications of the metaverse in gaming and the enterprise, datacenter sustainability amid a worsening energy crisis, and the rise of fintech as a service. The report also explores video streaming competition and broadband transformation as forces of disruption in 2023.
“The foundational shift of the global economy to a digital footing—a shift that has been underway for over a decade and accelerated during the pandemic—continues. This is creating enormous opportunities for new value creation and disruption,” said Eric Hanselman, Chief Research Analyst for TMT at S&P Global Market Intelligence.
Key highlights from the report include:
- AR and VR device adoption will grow steadily over the next five years as big tech companies underline the hardware’s potential as a conduit to the metaverse. As of the end of 2021, S&P Global Market Intelligence estimates there were 28.5 million AR/VR headsets installed worldwide across consumer and…
