Metaverse adoption at mass level likely 8-10 years away: Nasscom report

While at-scale Metaverse adoption is likely to be 8-10 years away, the space is witnessing strong early adoption in India, a Nasscom report has said.

Significant private equity/venture capital investments and strong merger and acquisition commitments were announced in the first half of 2022 in the metaverse space, amounting to more than $120 billion in value.

Now, enterprises are starting to implement metaverse use-cases across the value chain.

By 2030, sectors such as retail, manufacturing, media, healthcare, telecom, professional services and banking are likely to be major spend drivers of enterprise use cases in metaverse, according to the study by Nasscom with McKinsey & Company.