Deloitte: Industrial meta-world to reach nearly USD 100bn by 2030
The spatial computing market will reach a value of more than USD 600 billion by 2032 and the industrial metaverse will reach a value of almost USD 100 billion by 2030, according to the Tech Trends 2024 report by consultancy Deloitte. Among the trends poised to revolutionise the enterprise identified by experts were spatial computing and the industrial metaverse, generative AI as a catalyst for growth and new ways of computing data.
"Over the past few years, technological advances have created solid ground for the industrial metaverse and investment in new IT and OT solutions. Digital twins, 5G networks, the cloud, or artificial intelligence have brought significant opportunities for companies to grow and solve their technological problems. GPUs, AI chips, and soon quantum and neuromorphic computing are beginning to define the next era of computing. We have identified a number of new trends that businesses should consider if they want to keep up with the technological transformation," said partner, leader of the Strategy and Technology Transformation Team, Deloitte Anna Wiącek-Kocot.
As the metaverse transforms into an enterprise tool, spatial technologies are becoming more widely used in industrial realisations. Companies are using data and artificial intelligence to map processes already taking place within an organisation, and experts predict that the opportunities are promising. According to projections cited in the report, revenues generated by the meta-industrial world could reach almost USD 100 billion by 2030. The technology uses spatial data and AI to generate visualisations that are real-time representations of processes. Such solutions are already heading in new directions for the broader field of spatial computing, it stated.
The Deloitte report indicates that web 3.0 is set to eliminate the boundary between digital content and physical objects, effectively merging the two realities. With next-generation interfaces (such as smart glasses), the technology can enable real-time interaction with information through geolocalisation or biometric commands (such as voice and gestures). Given the existing capabilities, the market for such computing could eclipse previous estimates in the metaverse, with experts Deloitte predicting that it will be worth more than US$600 billion by 2032.
"Augmented reality technologies are already contributing to organisations' revenue growth. For example, apparel manufacturers' use of AR technology in their apps, websites and in-store POS enables them to further differentiate their offerings and reach customers. The same is happening in other areas of retail and services. With generative artificial intelligence, we predict that we will soon be using augmented reality to create 3D models from 2D images, which will simplify the way we serve customers and present merchandise, and engage customers more deeply in the sales process," Assessed Partner, leader of the Technology & Cyber M&A Team, Deloitte Scibor Łąpieś.
Manufacturers of AR solutions predict that the technology they offer will also have an impact on other sectors, including medicine, education, entertainment or tourism. Improved and more accessible resources and high-quality 3D hardware could pave the way for a more efficient spatial network.
Since artificial intelligence has started to gain popularity, many companies have started to consider what benefits they can derive from it for themselves. Companies can use the technology to cut costs, speed up processes, reduce complexity, increase customer engagement or develop innovation and build trust. The most productive applications of generative AI will not be in replacing people, but will focus on equipping employees with tools to help them develop and increase their productivity, knowledge and creativity. Executives are under increasing pressure to accelerate this transformation and stay ahead of the competition, the report indicated.
Source: Deloitte and ISBnews
