The metaverse is seen as a “disruptive technology -constantly changing, while simultaneously changing everything it touches” (Forbes, 2022).
The metaverse market is expected to reach $996 billion in 2030 (Global data, 2022). The metaverse is meant to be a catalyst for innovation, yet its impact on businesses remains to be fully assessed. Luxembourg aims to become “a European leader in the full digitalisation of key strategic sectors” (Ministry of the Economy, 2021), and it is expected that the metaverse will play a key role in the digital transition of the national economy.
The objective of this study is therefore to understand which companies have positioned themselves in the metaverse market in Luxembourg. This includes mapping current technology providers as well as providing a broader view of the players enabling the emergence of the metaverse market. The study was performed by the Luxinnovation Market Intelligence Department in July 2022.