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Augmented Reality In Travel And Tourism Market Analysis, Trends, Growth, Research And Forecast 2033
Augmented Reality In Travel And Tourism Market Analysis
According to The Business Research Company's, The augmented reality in travel and tourism market size has grown exponentially in recent years. It will grow from $15.52 billion in 2023 to $21.44 billion in 2024 at a compound annual growth rate (CAGR) of 38.1%. The growth in the historic period can be attributed to enhanced user experience, promotion of local businesses, social media expansion, positive user feedback.The augmented reality in travel and tourism market size is expected to see exponential growth in the next few years. It will grow to $78.14 billion in 2028 at a compound annual growth rate (CAGR) of 38.2%.
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Market Drivers and Trends:
The increasing demand for travel and tourism is expected to propel the growth of augmented reality in the travel and tourism market going forward. Travel and tourism refer to the activities of people traveling to and visiting places for leisure, recreation, business, or other purposes. Augmented reality has created demand in the travel and tourism industries for smart tourism and enhanced travel experiences that make destinations more immersive, informative, and engaging.
Major companies operating in the augmented reality (AR) travel and tourism market are adopting new technologies, such as AR-based adventure apps, to sustain their position. AR-based adventure app is a mobile application that uses augmented reality technology to create an immersive and interactive user experience.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
TeamViewer SE; Apple Inc.; Google LLC; Delta Air Lines; Marriott International Inc.; Booking.com; Expedia Group Inc.; Hilton Worldwide Holdings Inc.; TUI Group; Airbnb Inc.; EasyJet plc; Japan Airlines Co. Ltd.; Holiday Inn; Accor S.A; InterContinental Hotels Group (IHG); Whitbread plc; Virgin Atlantic Airways Limited; Air New Zealand Limited; TripAdvisor Inc.; Trivago N.V.; Argo Group International Holdings Ltd.; Hamad International Airport; WayRay; Blippar Group Limited; SmartGuide s.r.o.; Wikitude GmbH; Layar
Augmented Reality In Travel And Tourism Market 2024 Key Insights:
• The augmented reality in travel and tourism market size is expected to see exponential growth in the next few years. It will grow to $78.14 billion in 2028 at a compound annual growth rate (CAGR) of 38.2%.
• Rising Travel And Tourism Demand Fuels Augmented Reality's Role In Enhancing Experiences
• Innovation In Augmented Reality Travel And Tourism
• North America was the largest region in the augmented reality in travel and tourism market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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