The report also elaborates on the current state of the market, important milestones, and players in the Metaverse universe, showcasing key use cases and industry case studies.

The event also witnessed the launch of the ‘Metaverse: Entering Into a New Reality’ report, which highlights the development stages of the metaverse ecosystem, its challenges and future business opportunities. 

With the market size predicted to reach nearly ~$1.3 trillion by 2030, Metaverse, is one of the fast-growing technological domains. To discuss the future business opportunities and innovations in the Metaverse ecosystem, eminent industry leaders and stakeholders convened at the first-of-its-kind Metaverse Conclave, organized by Meity - NASSCOM Centre of Excellence, in association with K-Tech.

The event also witnessed the launch of the ‘Metaverse: Entering Into a New Reality’ report, which highlights the development stages of the metaverse ecosystem, its challenges and future business opportunities. 

The report also elaborates on the current state of the market, important milestones, and players in the Metaverse universe, showcasing key use cases and industry case studies.

Dr Rohini Srivathsa, National Technology Officer, Microsoft India, said, “Through the metaverse, we are igniting a new wave of immersive experiences in our personal lives, redefining how we collaborate at work and generate new ideas faster and more effectively as well as connecting the physical and digital worlds to drive us forward into the world of industries. 

anjeev Malhotra, CEO, NASSCOM Centre of Excellence, said, “Metaverse is an emerging technology where so much interest and work is happening across the board. Its use cases are not only limited to training, retail, or education but metaverse is now being adopted across manufacturing and healthcare as well. "