Background

Metaverse

A metaverse is a fictional universe or virtual space that offers immersive experiences to the users, leveraging technologies such as virtual reality headsets (VR), augmented reality headsets (AR), IoT, 5G networking, edge computing, etc. Users can interact with each other, virtual avatars, and other entities to enjoy lifelike experiences on the metaverse.

Published OnAugust 12, 2023Updated OnJuly 29, 2025
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Metaverse:

A metaverse is a fictional universe or virtual space that offers immersive experiences to the users, leveraging technologies such as virtual reality headsets (VR), augmented reality headsets (AR), IoT, 5G networking, edge computing, etc. Users can interact with each other, virtual avatars, and other entities to enjoy lifelike experiences on the metaverse.

Even though the technology is a hit among gamers and enthusiasts, it suffers from a perception issue where people view the users as disconnected from reality by wearing headsets and living in a digital world. Having said that, the metaverse technology has great commercial potential, and it’s estimated to have $3-4 trillion in economic impact by 2030.

What are the building blocks of Metaverse?

The following things make up Metaverse:

Use Cases:

Event streaming:

Healthcare:

Training:

Emergency operations:

Manufacturing:

Maintenance/ Repairs:

Virtual stores:

Construction:

Real estate:

Fashion:

Sales & Marketing:

Video conferencing/ Meetings:

Metaverse use cases in the training of front-line workers for emergency situations:

Metaverse use cases in civil aviation:

Metaverse use cases in Government sectors:

Tags: Strategy Consulting