Attempts to monetize the metaverse are already underway As the metaverse come closer to reality, telecommunication companies are in a unique position to capitalize on the trend by offering consumers a range of services in areas such as content aggregation, digital security, and device lifecycle management. With their vast infrastructures…
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Business professionals are concerned about costs and network reliability. A new global study commissioned by Ciena has revealed that 70% of Australian business professionals surveyed would participate in work meetings in the metaverse, trailing the global average of 78%. According to the study, concerns around the associated costs and reliability of the underlying network…
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Big technology companies see huge potential in the metaverse The metaverse is anticipated to become a platform where people, especially Gen Z, spend time with social communities, consume media, and participate in virtual events and sports. Frost & Sullivan’s recent analysis, Global Metaverse Growth Opportunities, finds that the metaverse will be…
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Companies worldwide are continuing to talk about the metaverse. Companies worldwide are continuing to talk about the metaverse, according to GlobalData, which found that 40 per cent more companies mentioned ‘Metaverse’ in their company filings documents quarter-on-quarter. The Leading data and analytics company’s ‘Company Filing Analytics’ database reveals that mentions…
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Social and entertainment to follow as more join the community. The Telsyte Australian Digital Consumer Study 2022 found while it is still early days for the “metaverse” with only 21 per cent aware of the concept, there are immediate opportunities for businesses to explore metaverses if it can demonstrate improved productivity, collaboration,…
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Metaverse Hype to Transition into New Business Models that Extend Digital Business. By 2026, 25 per cent of people will spend at least one hour a day in the metaverse for work, shopping, education, social and/or entertainment, according to Gartner, Inc. “Vendors are already building ways for users to replicate…
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Smart wearables adoption lays the groundwork for the ‘metaverse’. Australian smartphone sales continued to grow with 4 million handsets sold in the first half of 2021, up 4 per cent from the 3.8 million sold a year ago as 5G begins to dominate, according to new research from emerging technology…
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