Search
02.08.2022

Move forward Metaverse

Unlike today's cyberspace by exchanging information, the Metaverse is knowns as the Internet of Experience. One of Metaverse's ambitious visions is a vast and interoperable network of real-time 3D virtual worlds. It allows everyone to use immersive technologies to combine their five senses to achieve a synchronized experience.

The COVID-19 pandemic has changed how people live, entertain, work, and move around, creating a constant demand for activities run in virtual environments. Plus, the diffusion of Metaverse and the gradual maturation of virtual technologies/industries (VR, AR, and MR), combined with emerging technologies such as AI, Blockchain, Non-Fungible Tokens (NFT), and Cryptocurrencies, will drive the growth of the global Metaverse market.

Thus, the global Metaverse market was USD 62.6 billion in 2021. It is expected to grow to USD 848.8 billion in 2030, growing at a compound annual growth rate (CAGR) of 39.1% during the forecast period from 2022 to 2030.

Metaverse applicate in Fashion, Media & Entertainment, Education, and Aerospace & Defence: Virtual Runaway, Online Shopping, Gaming, Content Creation, Social Media, Conference, Aircraft Maintenance, etc.

Many Taiwan companies participate actively in the investment of the metaverse industry, and the government has issued many incentive policies. For example,

HTC is not only developing the next generation of VR but also released the world's first metaverse smartphone.

The world's first metaverse music label, 0x0, is from Taiwan.

Taiwan Company, Ennoconn, works with Google for a Metaverse project to create software that provides Metaverse users with an application that streams online virtual music concerts with an avatar.

Meta launches Asia's first XR hub in Taiwan. It also collaborates with Taiwantrade to build a platform where people can digitally engage with each other so that trade exhibitions are not just limited to physical or online events.

Highstreet positions Taiwan as the operation and communication hub in Asia. And its Taiwanese VR expert team built the first Metaverse consisting of e-commerce and games worldwide. It aims to bridge the physical and digital worlds with "Phygital products."

Hardware and software are vital competitive advantages to Taiwan to develop a global metaverse industry.

Metaverse highly demands hardware supplies. It depends on physical components allowing users to connect to the virtual world, such as a computer, a Virtual Reality (VR) headset, Augmented Reality (AR) goggles, and a smartphone. Plus, these physical porters cannot work without advanced microchips and processors.

Taiwan is the global semiconductor ecosystem's primary node and a cutting-edge pioneer in emerging technologies such as hardware and software integration, chipsets, processors, 5G, and Wi-Fi 6. Plus, there is an unequaled public infrastructure.

In the software part, Taiwan can lean on its excellent human resources and innovative potential in software: there are many awesome developers, creators, researchers, and artists, working on technology and applications.  

With the vigorous development of augmented and virtual realities, we are excited to witness Taiwan will become not only a decisive stronghold for the Metaverse industry but also an important hub to drive global innovation.

Read the letter also in:

Chinese (TW)

Ellisa Yang

MANAGER TAIWAN

Contact us
Singapore is ready to kick-off SDW 2023
25.08.2023

Less than a month left until Singapore Design Week 2023 (SDW), an eleven-days-long week to highlight the country's unique creativity and mark DesignSingapore

More
Il Sole 24 Ore and Confindustria together for Made In Italy
09.08.2023

Confindustria, General Confederation of Italian Industry, and the economic and financial newspaper Il Sole 24 Ore have signed an agreement to introduce a

More
Supporting Singapore
07.08.2023

With at least eight new nursing homes planned for the next five years as the ageing population grows – it is expected that by 2030 the 25% of citizens will

More
2023: Boom of Tourists in Italy
04.08.2023

2023 could be a record year for tourism in Italy. In fact, according to data collected, there could be a presence of as many as 212.8 million people in our

More
MILANO ITMA 2023
23.06.2023

Milan hosted the nineteenth edition of ITMA (Textile & Garment Technology Exhibition) 2023, the world's leading event in the mechanotextile industry

More
Singapore Police Introduce Patrol Robots for Enhanced Security
23.06.2023

Singapore's Police Force is stepping up its security measures with the deployment of patrol robots across the city. After more than five years

More
WORLDLAB EUROMEDLAB | ROMA 2023
25.05.2023

The 25th international congress dedicated to diagnostics and laboratory medicine is an extraordinary opportunity to showcase the value and contribution of

More
MM Design Among the Protagonists of Fuorisalone 2023
05.05.2023

The doors of the Salone Internazionale del Mobile and Fuorisalone 2023 closed with a record number of visitors, with 1,200 events in all city districts. This

More
Inclusive design made in Singapore
26.04.2023

"Good Design Research" (GDR) is the initiative wanted by the Design Singapore Council that since 2020 has been supporting Singaporean designers and companies

More
World Water Day: the virtuous example of Milan
29.03.2023

March 22nd marks World Water Day, issued by the United Nations to bring attention to the importance of tee sustainable management of freshwater resources

More