Latest News 2020: AR VR in Travel And Tourism Market Will Emerge Globally And Grow With 32.5% of CAGR by 2026 | Know the Impact Analysis of Corona-virus/COVID19

The Global AR VR in Travel And Tourism Market Ecosystem was valued at US$ 74.6 million in 2018 and is expected to reach US$ 304.4 million by the year 2023, growing at a CAGR of 32.5%. The growth of the AR VR in travel and tourism ecosystem is primarily due to the increasing demand for travel and tourism among people.
The ripple effect of Coronavirus-COVID19 on the AR VR in Travel and Tourism Market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the AR VR in Travel and Tourism Market. Key datasets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.

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Companies are making investments in AR VR in Travel and Tourism Market Ecosystem to improve their services and product offerings to provide tourists a great travel experience. In 2018, Rizort, a provider of luxury vacation travel planning, closed a seed funding of US$ 2.9 Mn to enhance VR-based recommendations for customers. The company raised this investment from Dream Incubator Japan and Blue Ventures, among others. In addition to this, in 2018, Scapic, a SaaS-based cloud platform raised US$ 500,000 seed funding from Newfort Capital, Axilor, and Speciale Invest. The fund will be utilized for product development and research in AR VR for travel and tourism ecosystem..

Following Top Key players are profiled in this Market Study:
Apple, Facebook, Microsoft, The Hub Hotel (Premier Inn), HTC and more...

The major players operating in the Global AR VR in Travel and Tourism Market Ecosystem are as follows:
Company: Apple Facebook Microsoft Premier Inn HTC
Revenue (US$ Bn) $ 265.59 $ 55.83 $ 110.36 $ 2.61 $ 0.73

By Application: 3D modelling/ Design, Training, Monitoring/ Maintenance, Others

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Global AR VR in Travel and Tourism Market Ecosystem
AR VR in travel and tourism ecosystem is used for improving travel convenience, navigation, and for creating menus with an interactive 360-degree view of the food and the ingredients used in it, and others. The Virgin Holidays has created solutions that allow stores to occupy its waiting customers with a virtual tour of Virgin Holiday's destinations. This has helped improve the sales of holidays to Riviera Maya, which is one of the Virgin Holiday's destinations.
In 2018, in Dubai, a VR park was opened to offer virtual games and experiences to tourists. Dubai is a tourism hub in the Gulf region and was the fourth most visited destination in 2017. The new VR park and other such investments are expected to accelerate the demand for AR VR in travel and tourism ecosystem during the forecast period in the Middle East and Africa region.

Regional Analysis:
North America held the largest market share in 2018 in the AR VR in travel and tourism ecosystem. The presence of major technology and solution providers in the region is contributing to the overall revenue growth in the AR VR in travel and tourism ecosystem market. The Asia Pacific region is expected to grow with a high CAGR during the forecast period, owing to growing investments in AR VR in travel and tourism in the region. For instance, in February 2017, the China National Tourism Administration and HTC Vive entered into a partnership to establish the China VR Tourism Cloud Data Service Platform. The partnership will be used to provide virtual experience to tourists, along with the integration of functions such as information sharing, instant messaging, big data analysis, and online entertainment

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Table of Content:
Ecosystem Report - Table of Content
1. Introduction
1. Global AR VR in Travel and Tourism Ecosystem Definition
2. Scope of study
2. Executive Summary
1. Global Market Segmentation
AR VR in Travel and Tourism Ecosystem Positioning
1. Global AR VR in Travel and Tourism Ecosystem Snapshot

2. Global AR VR in Travel and Tourism Ecosystem Segmentation
1. By Component
AR VR in Travel and Tourism Ecosystem Sizing, Volume, and ASP Analysis & Forecast
1. Global AR VR in Travel and Tourism Ecosystem Sizing & Volume
1. Cross-segmentation
And More...

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