Metaverse for climbing the ladder toward ‘Industry 5.0’ and ‘Society 5.0’?

ABSTRACT Metaverse implementations have started to emerge in various industries with the promise of providing better industrial services and a more sustainable society (Society 5.0). At the same time, various studies have revealed several challenges to the use of metaverse. Motivated by the fragmented literature on the implementation of metaverse in industries, this study presents a systematic literature review of research on this topic. Both content and bibliometric analyses are applied to reveal research trends, impacts and challenges of research on metaverse in the industry. The findings have revealed that metaverse adoption in industries is still in its infancy, with most research adopted in education and health industries. Additionally, there is unequal geographical distribution of research on metaverse in industries, calling for more international collaboration in this regard to facilitate metaverse adoption worldwide. The findings have also revealed several concerns that researchers and practitioners should keep in mind while implementing metaverse in industries.