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Masters of Pie XR Industry Insights

XR Collaboration Industry Insights Infographic

In this article, we take a closer look at the adoption of XR Collaboration solutions in the industrial metaverse powered by Radical.

Goncalo Antunes
Marketing Lead, Masters of Pie
October 18, 2022

In this article, we take a closer look at the adoption of XR Collaboration solutions in the industrial metaverse powered by Radical.

According to McKinsey & Company the metaverse has the potential to generate up to $5 trillion in value by 2030. It’s a figure and a trend too big to be ignored. The growth potential is driven not only by the consumer segment, where brands are creating new ways of engaging with their audience in the metaverse but also in the enterprise segment, where companies are starting to realise the same technology can be repurposed for a whole different spectrum of use cases.

XR Collaboration Industry Insights Infographic

What is XR Collaboration

XR Collaboration is a proven way of working that combines real-time data sources and immersive technologies like augmented reality and virtual reality to bring geographically dispersed teams together to work more productively. By taking the immersive solution to the data, this approach leverages all the underlying workflows and consolidates people, data, and processes into one spatial context. These immersive solutions help professionals to understand complex data in better ways which lead to faster and more timely decision making across design, manufacturing, maintenance or common operational pictures.

The Race for XR Innovation

The top five countries winning the innovation race with the highest concentration of XR Collaboration use case adoption are the following:

Germany
Japan
Sweden
United Kingdom
USA

In these territories, we have identified XR Collaboration use cases across a variety of 38 different industries.

The Hottest Industrial Metaverse Sectors

Industrial Machinery
Aerospace & Defence
Automotive
Research & Education
Electronics & Semiconductors
Maritime

In these particular sectors, we have identified already more than one company using this technology. This indicates that enterprises are understanding the added value of spatial computing combined with real-time enterprise data sources and rolling out POC applications.

The Competitive Edge

The widespread adoption of immersive (XR) solutions by the industrial sector highlight the most innovative markets. XR technologies will deliver a paradigm shift in operational efficiencies and the industrial metaverse promises the early adopters a competitive edge to outpace the competition.

The adoption of immersive technologies like virtual reality and augmented reality in both consumer and enterprise segments is generating novel ways and innovative use cases.

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