• About
  • Subscribe
  • Contact
Friday, May 9, 2025
    Login
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
No Result
View All Result
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
No Result
View All Result
No Result
View All Result
Home Management Leadership Operations

Metaverse to push immersive collaboration spend

FutureCIO Editors by FutureCIO Editors
May 6, 2022
Photo by Andrea Piacquadio from Pexels: https://www.pexels.com/photo/senior-man-using-vr-goggles-in-studio-3831136/

Photo by Andrea Piacquadio from Pexels: https://www.pexels.com/photo/senior-man-using-vr-goggles-in-studio-3831136/

The global pandemic engendered a shift to hybrid workforces that most expect to have a longstanding impact on the future of work. Hybrid work, when coupled with the build-up to the metaverse, creates a fertile foundation for both the collaboration market at large and the immersive market.

ABI Research expects the nascent immersive collaboration market to eclipse US$22 billion by 2030, representing nearly 35% of the total collaboration market (software/services, dedicated video collaboration, and hardware).

Growth opportunities

Growth in some areas of the collaboration market is expected to slow as more of the workforce returns to the office and in-person events resume, but the growth curve is not expected to shift down to pre-pandemic trends.

Michael Inouye

“When we hear about the metaverse, many thoughts move directly to deeply immersive 3D worlds and a dramatically different way of engaging with content, services, and work,” says Michael Inouye, metaverse markets & technologies principal analyst at ABI Research.

While this long-term vision could one day come to fruition, there are significant steps and transformations that must occur before we arrive at that future.

“When we think of the metaverse, it is equally important to consider the build-up to the metaverse future, rather than just what that future may look like,” he continues.

Use cases today

While some companies are pushing workers to return to the office, a significant segment of the working population is committed to maintaining a more flexible, hybrid approach to in-office and remote.

To support the hybrid workforce, more companies are converting (or will convert) more office space for collaboration versus individual offices. This includes an expansion of conference rooms and huddle spaces and, more critically, the penetration rates of video-enabled meeting spaces, which by many accounts currently sit below 10% of meeting rooms.

Virtual communications, moving workflows to the cloud, and the growing presence of immersive (i.e., avatars in video conferencing services, virtual spaces to collaborate) are all precursors to what the future of work will look like.

Inouye points out, “The road to the metaverse will be long, but in notable cases, we can see a clearer picture of what this future will look like on the enterprise side compared to the consumer space. NVIDIA’s Omniverse platform is already a testament to the power of simulations and interoperability between applications in creating workflow efficiencies. Relatedly, there is a general push toward interoperability and support for third-party applications that is currently lacking on the consumer side.”

One key event for both consumers and enterprises will be the arrival of mainstream smart glasses. These devices will dramatically shift how and when communications and collaboration can and will happen.

“Smart glasses will significantly shift the demands on connectivity, the performance of services, and compute – extending opportunities from the metaverse to a wider breadth of companies and industries,” Inouye concludes.

Related:  Four personas of a digital CTO
Tags: ABI Researchfuture of workimmersive collaborationmetaverse
FutureCIO Editors

FutureCIO Editors

No Result
View All Result

Recent Posts

  • Study finds almost half of businesses bank on AI-enabled cybersecurity for EDR and XDR
  • AI drives cloud market growth in Q1
  • ARTHALAND chooses OutSystems to advance real estate sustainability
  • Experts warn against AI-powered deepfake impersonation scams
  • Dropbox updates universal search and knowledge management product

Live Poll

Categories

  • Big Data, Analytics & Intelligence
  • Business Applications & Databases
  • Business-IT Alignment
  • Careers
  • Case Studies
  • CISO
  • CISO strategies
  • Cloud, Virtualization, Operating Environments and Middleware
  • Computer, Storage, Networks, Connectivity
  • Corporate Social Responsibility
  • Customer Experience / Engagement
  • Cyber risk management
  • Cyberattacks and data breaches
  • Cybersecurity careers
  • Cybersecurity operations
  • Education
  • Education
  • Finance
  • Finance & Insurance
  • FutureCISO
  • General
  • Governance, Risk and Compliance
  • Government and Public Services
  • Growth Strategies
  • Hospitality & Tourism
  • HR, education and Training
  • Industry Verticals
  • Infrastructure & Platforms
  • Insider threats
  • Latest Stories
  • Logistics & Transportation
  • Management Leadership
  • Manufacturing
  • Media and Telecommunications
  • News Stories
  • Operations
  • Opinion
  • Opinions
  • People
  • Process
  • Remote work
  • Retail & Wholesale
  • Sales & Marketing
  • Security
  • Tactics and Strategies
  • Technology
  • Utilities
  • Videos
  • Vulnerabilities and threats
  • White Papers

Strategic Insights for Chief Information Officers

FutureCIO is about enabling the CIO, his team, the leadership and the enterprise through shared expertise, know-how and experience - through a community of shared interests and goals. It is also about discovering unknown best practices that will help realize new business models.

Quick Links

  • Videos
  • Resources
  • Subscribe
  • Contact

Cxociety Media Brands

  • FutureIoT
  • FutureCFO
  • FutureCIO

Categories

  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Subscribe