Metaverse Unveiled: A Comprehensive Analysis of Taxonomy, Applications, and Future Opportunities

Abstract

This article presents an extensive analysis of the metaverse, an emerging technology that lets users submerge themselves in a fully realized 3D virtual world and engage with others in diverse virtual experiences. The study offers a thorough comprehensive taxonomy of distinct applications of metaverse across numerous sectors, including business, real estate, media, entertainment, manufacturing, online commerce, tourism, education, and healthcare. Additionally, the research offers a statistical analysis of the Google Trends data for the keyword "metaverse," exhibiting the heightened interest and engagement in this innovative technology worldwide. Furthermore, the article discusses the critical components of the metaverse, including hardware, virtual platforms, and high-speed internet, essential for building a robust and seamless metaverse ecosystem. The study also examines the social, legal, and environmental ramifications of utilizing metaverse technology, emphasizing the demand for deliberate thought and meticulous design. Finally, the study offers an all-encompassing and thorough exposition of the metaverse concept, its vast and varied potential applications, and its prospects in a diverse range of domains. The article concludes that the Metaverse has the potential to revolutionize the way people communicate, learn, work, and interact and that it will likely be a key driver of innovation in various fields in the coming years.