The Industrial Metaverse market is an emerging and dynamic sector that blends digital and physical realms to transform how industries operate and collaborate. the global industrial metaverse market size is forecast to expand from US$ 80.1 billion in 2023 to US$ 765.8 billion by 2033. Demand for industrial metaverse remains high in the remote collaboration application. As per Persistence Market Research (PMR), the remote collaboration segment is anticipated to thrive at an impressive CAGR of 24.1% from 2023 to 2033.
This technological innovation is an extension of the metaverse concept, aiming to create immersive, interconnected, and intelligent environments for industrial applications. In the Industrial Metaverse, companies across various sectors, such as manufacturing, healthcare, automotive, and energy, leverage advanced technologies like augmented reality (AR), virtual reality (VR), artificial intelligence (AI), and the Internet of Things (IoT) to enhance productivity, streamline operations, and drive innovation. Source: Globe Newswire
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