Indian IT Majors Are Gearing Up for Metaverse Development

It is estimated that the global revenue opportunity from Metaverse could reach about USD800 billion in 2024

Indian IT Majors Are Gearing Up for Metaverse Development - CIO&Leader

While the hype around Metaverse might be fading due to the declining COVID cases and eased travel restrictions, Indian IT majors are leaving no stone unturned to prepare a solid ground for bringing enterprise operations to the virtual world by piloting new initiatives, developing specialized practices, and proofs-of-concept.

It’s only been less than three months into 2022, and we’ve already seen announcements by the top Indian IT Services firms to develop Metaverse services, a fast-evolving digital environment where individuals can interact and collaborate in a 3D virtual world ‘parallel verse.’ It is estimated that the global revenue opportunity from Metaverse could reach about US $800 billion in 2024.

Let’s take a look at the plans of some of the top Indian IT behemoths around MetaVerse:

Infosys: Infosys has launched its focused business practice metaverse metaverse foundry , which intends to enable enterprise customers to explore metaverse environments swiftly, including virtual and augmented environments. It includes 100 use cases and ready-to-apply templates based on emerging technologies such as AR/VR, IoT, AI, 5G, and Cybersecurity. The initiative will create an environment where enterprises can work in tandem with any creator-partner in the Infosys Innovation Ecosystem to manage the pilot-to-production ramp up smoothly or add more choices at the prototype stage to de-risk future-proof investments.

 “The physical and virtual worlds are already smoothly and ubiquitously interwoven. The Metaverse will deepen this overlap and in very experiential ways to create abundant space for business innovation. We want to help our clients to quickly double down on those opportunities in a find-fast, learn-faster environment before they can reorient their own capabilities, processes and culture in-house to respond to this rapidly evolving space,” says Ravi Kumar S, President, Infosys in an announcement released to press.

Infosys metaverse foundry helps enterprises navigate the Metaverse by partnering with them through the Discover-Create-Scale cycle.

Tech Mahindra: The digital transformation, consulting, and business re-engineering services and solutions major has launched TechMVerse, its Metaverse practice, to deliver interactive and immersive experiences in the Metaverse for its customers and transform customer experience and deliver real business outcomes. The new practice will leverage capabilities such as pervasive artificial intelligence (AI), Blockchain, 5G, Augmented Reality (AR), Virtual Reality (VR), and Quantum Computing to build use cases across sectors.

“From infrastructure to experience, from spatial computing to now commerce, the TechMverse would enable seamless integration between our known expertise in 5G with our skills in AI, AR/VR, and Blockchain. We would be training a workforce of 1000 engineers to ensure they are ready to solve complex business challenges and imagine new worlds for our customers and society,” says CP Gurnani, MD & CEO, Tech Mahindra,

Tata Consultancy Service (TCS): India’s largest IT services company, TCS has made initial investments in the Metaverse and working on to build several case studies. While TCS is yet to formally share the details of its Metaverse development initiatives, it has made it clear that the concept offers tremendous opportunities for enterprises around employee onboarding, entertainment, training, uplifting the retail shopping experience, skill development, and gaming, and it is working with its partners to come up with a detailed plan.


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