The Potential of The Industrial Metaverse in The Oil and Gas Sector
The global Metaverse revenue is projected to experience significant growth, reaching approximately $800 billion in 2024 compared to roughly $500 billion in 2020, according to analysis and data from sources such as Newzoo, IDC, PWC, Statista, and Two Circles. However, the specific revenue contribution from the industrial sector remains uncertain at this point. To gain insights into the potential of the industrial metaverse in the oil and gas industry, we are reaching out to experts from the Middle East to share their perspectives, writes Wassim Ghadban, VP, Global Innovation and Digital Engineering, Kent
Digital Twins In Oil And Gas
Digital twin technology has rapidly progressed in the oil and gas industry in recent years. What was once deemed a mere “nice-to-have” is now a powerful tool transforming how energy companies operate, monitor, and manage their assets.