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| Latest study: Metaverse presents a multi-billion dollar opportunity |
Latest study: Metaverse presents a multi-billion dollar opportunity for telecom operators in the region
In a new report, global management consulting firm Arthur D. Little highlights the potential that Metaverse offers telecom operators.
The report, titled "Metaverse...Telecom Potential and Opportunity," explores how telecom operators can leverage the advantages and benefits offered by the Metaverse to create more value. The Metaverse represents an important new market for telecom operators, with preliminary estimates of total size providing a chance of about $13 trillion by 2030. Ericsson estimates that the opportunity presented by wireless access to 5G-enabled fixed networks will reach $5 billion in 2022 and grow to $21 billion by 2025 and $53 billion by 2030.
The findings of this report point to three major factors that are forcing telecom operators to develop and adopt a proactive approach to strategizing and planning in relation to the benefits of the Metaverse.
- The first factor is a significant increase in the demand for technologies and services related to the Metaverse universe.
- The second factor relates to the potential negative consequences of failure or under-investment in available opportunities. Large companies such as Amazon Web Services (AWS) and Microsoft Azure will be well positioned to provide the necessary infrastructure for the Metaverse.
- Consumer behavior, especially the younger generation, shows that the demand for Metaverse products is indeed increasing. According to a recent study by Obsess, 75% of young virtual shoppers have purchased digital video game products. To successfully connect with this generation of consumers, telecom operators must invest in the skills, capabilities and technology of the Metaverse.
Given these three factors, it is important that telecom operators seek to explore new ways and means, whether through better infrastructure preparation or direct engagement, so that they can benefit from the expected growth in the virtual world. Some of the benefits that telecom operators can derive from active participation in this emerging market include driving growth through increased revenue and customer retention, as well as improving efficiencies on multiple fronts, including increased carbon and outsourcing.
Thomas Corovilla, Managing Partner, Arthur D. Little Middle East said: “The expected acceleration in the metaphysical worldview is driven by the convergence and availability of a number of factors such as: communication skills, the Internet, sensor technologies for data collection, digitization and artificial intelligence, to name a few. Reliable communications services and a significant increase in the value of technology.As explained in the report, Metaverse will create tremendous value and potential for everyone, allowing operators to leverage this potential to increase disposable income to modernize and improve network infrastructure and meet the requirements of ensuring ultra-low latency and reliable communications technology that will empower caregivers health and educational institutions to provide access to disadvantaged and remote communities at low costs, which will help provide high-quality services, more effective communications and care around the world.In the future, the proportion of low-income population groups using digital services and metaverse technologies will be higher.Arthur D. Little estimates , From 2022 to 2025 in 2018, the total investable market will grow at a CAGR It is 33% (excluding infrastructure and key technologies).
Dr. said. Albert Meg, who directed Arthur D. Little's Blue Shift reporting series. It also helps in accelerating the mechanisms and methods for finding tools that support the personal lifestyle of the next generation of consumers. It is clear that accelerating infrastructure improvement to meet the growing demand is essential for all industries today, and the telecom industry is at the heart of this challenge. This report aims to highlight key factors and make recommendations for telecom operators; To enable them to seize the opportunities and possibilities of the Metaverse and help them smoothly and efficiently meet the requirements of the transition to the era of the digital economy. "
The new report highlights the multiple benefits telecom operators can achieve by maximizing their investment in the capabilities offered by the Metaverse, including leveraging infrastructure to create new business models that create more value through active participation in the Metaverse. "Metaverse" as a "point of service". The report asserts that the factor of speed is critical to seizing opportunities and that the "metaverse" world requires structural changes in the telecom industry at the infrastructure level and presents valuable economic and strategic interests.
Metaverse Empowerment Technologies
Telecom operators need to develop key technologies; To get the most out of the Metaverse, from infrastructure to AI and analytics, these supporting technologies also include:
- Local computing creates an immersive experience.
- very low latency connection; It offers a fast and reliable experience.
- Enhanced cloud computing technology creates interactive experiences at scale.
- Analytical and artificial intelligence capabilities to facilitate the operations of telecom operators.
- A reliable infrastructure ensures privacy and meets regulatory requirements.
The report examines the multiple benefits of infrastructure for telecom operators; creating new business models; And grab the ultimate value by actively participating in the Metaverse as a "point of service". By knowing and trusting great customers and supporting the virtual world, telecom operators are well positioned to offer profitable benefits.