As the metaverse continues its rapid expansion, so does the technology that underpins it. Businesses are increasingly embracing metaverse technologies, such as virtual and augmented reality (VR/AR) and virtual 3D technologies. This surge is projected to propel the industry to a staggering $615 billion by 2030, promising revolutionary changes across various sectors with even more immersive digital worlds.
10: Epic Games
Founded in 1991, Epic Games is a global interactive entertainment company with over 40 offices worldwide. Renowned for operating the immensely popular game Fortnite, Epic Games has become a trailblazer in the metaverse evolution. The company raised $2 billion in 2022 to fund metaverse initiatives, including Unreal Engine for creating immersive experiences in simulated environments.
9: Unity Technologies
Unity Technologies, a prominent global game engine company, empowers developers to create new experiences using the Unity Engine. Unity Gaming Services (UGS) aids developers in creating, operating, scaling, and monetizing live games. With acquisitions like Weta Digital, Unity is accelerating its development of real-time 3D technologies.
Decentraland utilizes blockchain technology to create a decentralized and immersive online world. Launched in 2020, Decentraland allows users to engage in interactive gaming experiences, create 3D scenes, and lease virtual lands. It is a pioneer in incorporating an immersive component within the Web3 landscape.
Tencent, a global internet and technology company, entered a Memorandum of Understanding with Morpheus Labs in 2023 to drive Web3 gaming and metaverse innovation. Tencent focuses on using technology for good, publishing popular video games, and contributing to the development of the Web3 ecosystem.
6: AWS (Amazon Web Services)
AWS views the industrial metaverse as a transformative force in people's relationships with the digital world. Its Industrial Metaverse solutions incorporate AR and VR to enhance decision-making, collaboration, remote monitoring, and maintenance. AWS offers purpose-built cloud products, including AWS IoT TwinMaker and AWS SimSpace Weaver.
NVIDIA, a leader in graphics processing units (GPUs) and AI computing, continues to innovate within the technology sector. Its Omniverse platform provides tools for creating and customizing virtual worlds. NVIDIA's broad range of products supports the metaverse's development for consoles, laptops, and PCs.
Google, a pioneer in virtual reality, has created various VR and AR products like Google Glass and Google Cardboard. Google's latest metaverse project, Google Starline, aims to create a shared immersive experience using computer vision, machine learning, and spatial audio.
Apple has ventured into the metaverse with the Apple mixed-reality (MR) headset. CEO Tim Cook envisions a future with overlapping virtual and physical worlds. The Apple MR headset has stirred excitement, suggesting a potential uptick in MR experiences.
Microsoft plays a pivotal role in metaverse development, especially in collaboration. Microsoft Mesh, a platform enabling users to connect and collaborate in mixed reality, facilitates shared virtual and augmented reality experiences.
Formerly known as Facebook, Meta rebranded in 2021 with a renewed focus on the metaverse. Offering information and services on VR, AR, and smart glasses, Meta aims to transform education and various industries. Meta Horizon Worlds encourages users to create and share their own experiences, contributing to a growing community of developers and creators shaping the metaverse.