The Metaverse Trends to Shape 2023

The metaverse is a term used to describe the collective virtual shared spaces, environments, and experiences created by the convergence of the internet, AI, and immersive technologies such as virtual and augmented reality with the physical world. It is a promising futuristic concept that is gradually becoming a reality and is expected to continue to evolve and expand in the coming years.

Since the launch of the first metaverse, Second Life, in 2003, more companies, such as Decentraland, Sandbox, and Facebook (now Meta), have brought more life into the virtual reality space. With the popularity of Meta in 2022, it’s evident that the concept of the metaverse has gained traction, and more companies are showing interest and investing in this emerging technology.

In 2023, the metaverse is expected to continue its growth, with several trends shaping its development to provide answers and solutions to the currently existing challenges.

Below are some of the metaverse trends expected to shape its course in 2023:

1. Delivery of Tangible Metaverse Use Cases

Experts argue that 2022 was all about general experimentation due to the popularity of some key events happening along the way. In 2023, however, we’re likely to see companies make an effort to provide more specific and tangible metaverse use cases in relation to their operations and service delivery.

For example, companies can utilize the metaverse in their operations to enhance collaboration and participation among their employees remotely. In time, experts expect to see a drive in the development of new applications and services in a range of industries, from entertainment and gaming to education and healthcare.

2. Defined Metaverse Limitations

The metaverse is full of potential, with many opportunities for companies to expand their services into the virtual space. For example, Sony is set to advance virtual sound entertainment, while Walmart is in the metaverse to deliver immersive shopping experiences.

With the global metaverse market size set to grow from $61.8 billion to $426.9 billion by 2027, companies have to define what the metaverse is all about, their service limitations, and how the public can participate.

3. Subsidized Metaverse Hardware

The secret to mass adoption is low-cost entry solutions. The metaverse heavily relies on AR and VR, and therefore subsidies on virtual reality headsets will go a long way in making this emerging technology a huge success in years to come. Currently, statistics show that about 35% of consumers are willing to spend $700 to $1000 on a VR headset that allows them to physically feel what they experience in the metaverse. It’s evident that this is a market with a lot of growth potential, so once manufacturers start producing more VR gear at affordable prices, there is already a ready market for their products.

Our Participation in Making the Metaverse a Reality

Reports suggest that people expect to spend at least 4 hours daily in the metaverse, which means that they will need reliable VR gear. Quality VR gear, just like other top tech instruments, needs efficient thermal solutions. This is where Sunon Inc. comes in.

As a top provider of effective thermal solutions for products in industries such as gaming, medical, refrigeration, and telecom, we are committed to providing cooling solutions for optimal thermal performance of metaverse accessories such as VR headsets. Generally, if people intend to have VR gear on for long periods, having thermal solutions for this hardware is critical to improving the metaverse experience.

With over 23 years of experience in engineering effective cooling solutions, partnering with us places your industry on a solid path to success. Get in touch with us today.