KPMG: Tech leaders interested in metaverse’s future, not its present

KPMG released a report this week about what tech, media and telecom industry leaders think of the metaverse. The report — which was made as part of the company’s larger metaverse survey, which it also released this week — suggests that these TMT leaders are interested in the metaverse, but not as it exists now: Several of them seem to think the metaverse will have a major impact within the next decade, but are not necessarily allotting resources to it now.

The reports shows that six in ten TMT leaders believe that the metaverse will have an impact after more development. Additionally, nearly 75% of those surveyed report their companies are putting 5% or less of their budgets towards metaverse initiatives. KPMG also reports that most of the respondents feel that metaverse use cases won’t go mainstream for at least another four years. This contrasts KPMG’s survey of investors, who believe that the early investment period in the metaverse may already have passed.

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Rachel Kaser

Rachel Kaser is a gaming and technology writer for from Dallas, Texas. She's been in the games industry since 2013, writing for various publications, and currently covers news for GamesBeat. Her favorite game is Bayonetta.