DEVELOPMENT OF DIGITAL ENTERPRISE ECOSYSTEMS WITH THE METAVERSE POTENTIAL

Authors

  • K. Dimitrov Department of Industrial Business, Business Faculty, University of National and World Economy, Sofia, Bulgaria Author
  • S. Kolyandov Department of Industrial Business, Business Faculty, University of National and World Economy, Sofia, Bulgaria Author

DOI:

https://doi.org/10.15547/tjs.2025.s.02.049

Keywords:

industry 5.0, metaverse, XR, digitalization, digital ecosystem, enterprise, innovation

Abstract

The term “metaverse” is emerging as a novel paradigm within the digital economy and digital ecosystems. This study contributes to digital immersive technology - Extended reality and Metaverse, its possibilities for the development of the digital environment and enterprise ecosystems as an important part of modern economic analysis. The purpose of current study was to examine the essence and significance of emerging immersive technologies and in particular metaverse within the paradigm of Industry 5.0. This study uses a qualitative approach with secondary data collection and analysis through desk research method. The research results show that emerging digital technologies are a driving force in the development of enterprise ecosystems. These technologies can significantly influence production processes, interactions between ecosystem actors, and the creation of added value. The practical implementation is that a particular focus is placed on the origin and evolution of the “metaverse”, its applicability in enterprises and the effects of digital technologies application. The conclusion highlights the need for further research on digital technologies and the impact of metaverse to enhance their efficacy in enterprise ecosystem management in the 5.0 Era.

References

European Commission: Directorate-General for Research and Innovation. Industry 5.0: human-centric, sustainable and resilient. Publications Office, 2020 Available at: https://data.europa.eu/doi/10.2777/073781.

Samir, J., The 2025 Edge AI Technology Report Available at: https://www.wevolver.com/article/2025-edge-ai-technology-report/null

Barngrover, M., EUROPEAN XR INDUSTRY REPORT 2025. A collaborative research revealing SME insights, industry sentiments, and trends shaping XR's future in Europe for 2025 and beyond Available at: https://xr4europe.eu/wp-content/uploads/European-XR-Industry-Report-2025.pdf

Xi, N., Chen, J., Gama, F., Riar, M., & Hamari, J., The challenges of entering the metaverse: An experiment on the effect of extended reality on workload. Information Systems Frontiers, 25(2), pp. 659-680, 2023

Stephenson, N., Snow crash. New York: Bantam Books, 2000

Ng, D. T. K., What is the metaverse? Definitions, technologies and the community of inquiry. Australasian Journal of Educational Technology, 38(4), pp. 190-205, 2022

Mystakidis, S., Metaverse. Encyclopedia, 2(1), pp. 486-497, 2022

Bosworth, A., Accelerating the Future: AI, Mixed Reality and the Metaverse, Meta, 2024 Available at: https://about.fb.com/news/2024/12/accelerating-the-future-ai-mixed-reality-and-the-metaverse/

Aziz, A., Promising business opportunities in the industrial age 4.0 and the society era 5.0 in the new-normal period of the covid-19 pandemic. Scholarly Journal of Psychology and Behavioral Sciences, 2021

Kraus, N., Kraus, K., Manzhura, O. L. E. K. S. A. N. D. R., Ishchenko, I. N. N. A., & Radzikhovska, Y. U. L. I. I. A., Digital transformation of business processes of enterprises on the way to becoming industry 5.0 in the gig economy. WSEAS Transactions on Business and Economics, 93(20), pp. 1008-1029, 2023

Harmash, O., Hubarieva, I., Harmash, T., & Trushkina, N., Relationship between the concepts of “digital transformation” and “industry 5.0”: bibliometric analysis. Intellectualization of logistics and Supply Chain Management, 24, pp. 89-106, 2024

Lachvajderová, L., & Kádárová, J., Industry 4.0 implementation and industry 5.0 readiness in industrial enterprises. Management and Production Engineering Review, 13, 2022

Barykin, S. Y., Kapustina, I. V., Kirillova, T. V., Yadykin, V. K., & Konnikov, Y. A., Economics of digital ecosystems. Journal of Open Innovation: Technology, Market, and Complexity, 6(4), p. 124, 2020

Maiorova, K. S., & Balashova, E. S., Digital transition of industrial enterprises to" smart" ecosystem. International Research Journal, (12-4 (114)), pp. 79-86, 2021

Suuronen, S., Ukko, J., Eskola, R., Semken, R. S., & Rantanen, H., A systematic literature review for digital business ecosystems in the manufacturing industry: Prerequisites, challenges, and benefits. CIRP Journal of Manufacturing Science and Technology, 37, pp. 414-426, 2022

Downloads

Published

2025-10-20

How to Cite

DEVELOPMENT OF DIGITAL ENTERPRISE ECOSYSTEMS WITH THE METAVERSE POTENTIAL. (2025). TRAKIA JOURNAL OF SCIENCES, 23(Supplement 2), 6. https://doi.org/10.15547/tjs.2025.s.02.049

Similar Articles

1-10 of 49

You may also start an advanced similarity search for this article.