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Metaverse presents a multi-million dollar opportunity for Mi…

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Metaverse presents a multi-million dollar opportunity for Mi…

Source: news.google.com

(MENAFN-mslgroup) Arthur D. Little (ADL) has published “The Metaverse: What’s in it for Telcos?” exploring how telcos can capture value by leveraging the metaverse. Metaverse represents a significant new market for telcos with initial estimates of the total size of the Metaverse opportunity at around $13 trillion by 2030. For example, Ericsson estimates the opportunity presented by 5G fixed wireless access to be $5 billion in 2022, growing to $21 billion in 2025 and $53 billion by 2030.
Three related forces drive the imperative for telcos to be proactive in their Metaverse strategies and tactics. First, the demand is likely to be too great to ignore. Second, the risk of failing or not participating could be existential: hyperscalers like…

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