Globant believes that 2023 is the year for the metaverse to 'burn bright or burn out,' as the market is still waiting for significant and practical applications to rise in this field.
Globant, a Luxembourg-based tech giant with Argentine origins, has referred to the short-term future of the metaverse in its latest Tech Trends report. According to the company, this year the metaverse will “burn bright or burn out,” as it needs to show its potential when compared to other trendsetting tech like artificial intelligence.
, the company believes that 2023 is the year for the metaverse to “burn bright or burn out,” as the market is still waiting for significant and practical applications to rise in this field.billions of dollars in the sector, and while the company has produced VR headsets directed at mainstream audiences, it has failed to penetrate in a significant way, even if it has the largest market share of this still niche market.
However, Globant believes there are signs pointing to the mass adoption of the metaverse. The company declared: Major players in the metaverse space, such as Meta, pushing towards a viable product in 2023 will open the door to reduced costs and lower barriers to entry, allowing the technology to reach more businesses and impact people’s lives worldwide.For Globant, the tech behind the metaverse has the possibility of impacting the lives of people in a positive way, acting as an enabler for more industries to achieve deeper and more meaningful interactions with their customers.
For Diego Tartara, global CTO at Globant, the metaverse is still in its initial stages, but its evolution will change how people live digital experiences in the future. There have already been notable developments in this field, like the recent
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