Metaverse: Shaping the Landscape of Society 5.0

The concept of the “metaverse” permits one to establish an environment where people can observe both virtual and real worlds. Some examples of the circumstances and settings that the Metaverse requires are virtual reality, augmented reality, smart glasses, headsets, and the availability of necessary sensors. Upcoming business model innovation in different areas of Society 5.0 is the primary objective of this paper. This is crucial because the Metaverse plays an important role in the exponential growth of Society 5.0. This paper aims to review the areas that address the Metaverse and its evolution, providing an overview of the developmental stages. It also mentions the different challenges and future scope of metaverse enabling the researchers in this area to have a proper guidance for their research work.