The Metaverse: The Essence, Research Streams, and Potential Applications in Marketing

Objective: The objective of this article is to identify the main research streams and research gaps relating to the metaverse in management sciences, particularly in the field of marketing. Research Design & Methods: The researchers employed a systematic analysis of the literature to achieve...

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Main Authors: Marcin Awdziej, Dagmara Plata-Alf, Jolanta Tkaczyk
Format: Article
Language:English
Published: Krakow University of Economics 2024-12-01
Series:Zeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie
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Online Access:https://krem.uek.krakow.pl/index.php/krem/article/view/16515
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author Marcin Awdziej
Dagmara Plata-Alf
Jolanta Tkaczyk
author_facet Marcin Awdziej
Dagmara Plata-Alf
Jolanta Tkaczyk
author_sort Marcin Awdziej
collection DOAJ
description Objective: The objective of this article is to identify the main research streams and research gaps relating to the metaverse in management sciences, particularly in the field of marketing. Research Design & Methods: The researchers employed a systematic analysis of the literature to achieve their objective. They reviewed and examined various sources to identify the essence of the metaverse and ascertain the areas and directions of research pertaining to this concept. Findings: The metaverse is envisioned as a virtual universe comprising numerous 3D virtual worlds where consumers, their avatars, and brands coexist and interact. Initially, the metaverse concept emerged in computer games set in complex, closed universes. However, in 2021, major technology companies like Facebook determined that the metaverse would be the next stage in virtual environment development, resulting in heightened interest from both practitioners and researchers. Despite being the subject of research across multiple scientific disciplines for years, the conceptualisation of fundamental metaverse concepts and its essence remains in an early stage, lacking a consensus. Implications / Recommendations: The findings of this study emphasise the need for further research and exploration in the field of management sciences, particularly within marketing, to comprehensively understand and define the metaverse. The evolving nature of the metaverse calls for collaborative efforts from both practitioners and scientists to unravel its potential implications for businesses and consumers. Contribution: This study contributes to the existing literature by presenting a systematic analysis of the metaverse concept within the context of management sciences, focusing on marketing. By identifying gaps and highlighting key areas of investigation, the research lays the groundwork for future studies in this rapidly evolving domain.
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spelling doaj-art-db4dba83ed03483e874b9f3d75d880e22025-08-20T02:31:37ZengKrakow University of EconomicsZeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie1898-64472545-32382024-12-014(1006)10.15678/krem.16515The Metaverse: The Essence, Research Streams, and Potential Applications in MarketingMarcin Awdziej0https://orcid.org/0000-0002-9113-5896Dagmara Plata-Alf1https://orcid.org/0000-0003-4772-237XJolanta Tkaczyk2https://orcid.org/0000-0002-2110-4314Kozminski University, Department of MarketingKozminski University, Department of MarketingKozminski University, Department of Marketing Objective: The objective of this article is to identify the main research streams and research gaps relating to the metaverse in management sciences, particularly in the field of marketing. Research Design & Methods: The researchers employed a systematic analysis of the literature to achieve their objective. They reviewed and examined various sources to identify the essence of the metaverse and ascertain the areas and directions of research pertaining to this concept. Findings: The metaverse is envisioned as a virtual universe comprising numerous 3D virtual worlds where consumers, their avatars, and brands coexist and interact. Initially, the metaverse concept emerged in computer games set in complex, closed universes. However, in 2021, major technology companies like Facebook determined that the metaverse would be the next stage in virtual environment development, resulting in heightened interest from both practitioners and researchers. Despite being the subject of research across multiple scientific disciplines for years, the conceptualisation of fundamental metaverse concepts and its essence remains in an early stage, lacking a consensus. Implications / Recommendations: The findings of this study emphasise the need for further research and exploration in the field of management sciences, particularly within marketing, to comprehensively understand and define the metaverse. The evolving nature of the metaverse calls for collaborative efforts from both practitioners and scientists to unravel its potential implications for businesses and consumers. Contribution: This study contributes to the existing literature by presenting a systematic analysis of the metaverse concept within the context of management sciences, focusing on marketing. By identifying gaps and highlighting key areas of investigation, the research lays the groundwork for future studies in this rapidly evolving domain. https://krem.uek.krakow.pl/index.php/krem/article/view/16515metaversemarketingsystematic literature reviewVOSviewer
spellingShingle Marcin Awdziej
Dagmara Plata-Alf
Jolanta Tkaczyk
The Metaverse: The Essence, Research Streams, and Potential Applications in Marketing
Zeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie
metaverse
marketing
systematic literature review
VOSviewer
title The Metaverse: The Essence, Research Streams, and Potential Applications in Marketing
title_full The Metaverse: The Essence, Research Streams, and Potential Applications in Marketing
title_fullStr The Metaverse: The Essence, Research Streams, and Potential Applications in Marketing
title_full_unstemmed The Metaverse: The Essence, Research Streams, and Potential Applications in Marketing
title_short The Metaverse: The Essence, Research Streams, and Potential Applications in Marketing
title_sort metaverse the essence research streams and potential applications in marketing
topic metaverse
marketing
systematic literature review
VOSviewer
url https://krem.uek.krakow.pl/index.php/krem/article/view/16515
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