How Will the Metaverse Transform HR?

Article

istock.com/gremlin

21 October 2023

By Mainak Maheshwari and Zenith Lakra

The Metaverse is one of many transformative digital developments to come out of the pandemic. The word has been thrown around often in recent times, fast becoming one of the key focus areas for businesses, especially in the tech industry.

In a 2021 report, Bloomberg reported that the metaverse market is expected to grow 13.1% annually and is expected to be worth $800 billion by 2024. According to Gartner, 30% of companies will enable services and products for the metaverse by 2026. This means at least 25% of people will spend an hour on average in the metaverse for work, shopping, entertainment, and social activities.

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About the author(s)

Mainak Maheshwari

Director, Talent Advisory

Noida, Uttar Pradesh

Zenith Lakra

PGP (2023)

IIM Indore

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