Key Trends Shaping the Future Virtual Tourism Market From 2025-2034: Affordable AI-Powered 3D Virtual Tours Revolutionize Real Estate Experiences

Which drivers are expected to have the greatest impact on the over the virtual tourism market's growth?
The increasing real estate industry is expected to drive the growth of the virtual tourism market. The real estate industry is expanding due to urbanization, economic development, and favorable investment conditions. Real estate companies are leveraging VR and augmented reality (AR) technologies to offer virtual property tours, enabling potential buyers and tourists to explore properties remotely. Virtual tourism in real estate allows buyers to experience properties in detail without the need for physical visits, making it more convenient and efficient. According to the US Census Bureau, the number of housing units permitted in June 2023 increased by 3.1% compared to May 2023, showing a growing interest in real estate. As the real estate market grows, the virtual tourism market is expected to benefit from the use of VR and AR technologies to provide immersive property experiences.

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What is the future CAGR of the virtual tourism market, and how will it impact industry expansion?
The virtual tourism market has also grown rapidly, increasing from $12.38 billion in 2024 to $14.63 billion in 2025, at a CAGR of 18.1%. Growth drivers include rising internet penetration, increasing use of mobile devices, digital marketing advancements, growing consumer demand for convenience, and increased investment in virtual tour infrastructure.

The virtual tourism market is projected to expand rapidly, reaching $28.14 billion by 2029 at a CAGR of 17.8%. Factors contributing to this growth include the increasing adoption of 5G networks, the growing popularity of smart devices, the expansion of digital marketing efforts, improvements in user experience features, and the integration of interactive elements. Expected trends include the growing use of virtual reality (VR), an increase in remote tourism experiences, the integration of artificial intelligence (AI), the expansion of educational VR content, and the inclusion of social features in virtual tourism.

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What are the most significant trends transforming the virtual tourism market today?
In the virtual reality (VR) tourism market, companies are developing interactive portals to enhance travel experiences. For example, in February 2024, the Tokyo Metropolitan Government and the Tokyo Convention and Visitors Bureau launched the "Hello! Tokyo Friends" platform on Roblox. This VR platform allows users to explore Tokyo's cultural and historical landmarks through games and activities. Additionally, the Tokyo Hunt App blends augmented reality with real-world exploration, encouraging users to visit landmarks and capture AR photos with virtual characters.

Which key market segments comprise the virtual tourism market and drive its revenue growth?
The virtual tourism market covered in this report is segmented -

1) By Type: 360 Virtual Tour, Three-Dimensional (3D) Virtual Tour, Virtual Reality Tour
2) By Product Type: Cloud-Based, Web Based
3) By Technology: Three-Dimensional (3D) Scanning And Imaging, Photogrammetry, Computer Vision, Haptic Feedback, Spatial Audio, Other Technologies
4) By Direct Suppliers: Airlines, Hotel Campaigns, Tour Operators, Government Bodies
5) By End-Use: Travelers And Tourists, Hospitality And Accommodation, Cultural And Historical Sites, Entertainment And Recreation, Education And Training, Other End-Uses

Subsegments:
1) By 360 Virtual Tour: Single Location 360 Tours, Multiple Location 360 Tours
2) By Three-Dimensional (3D) Virtual Tour: 3D Static Tours, 3D Interactive Tours
3) By Virtual Reality Tour: Immersive VR Tours, Non-immersive VR Tours

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What regions are at the forefront of virtual tourism market expansion?
North America was the largest region in the virtual tourism market in 2023. The regions covered in the virtual tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the virtual tourism market?
Major companies operating in the virtual tourism market are Google LLC, Intel Corporation, Toshiba Corporation, Ricoh Co. Ltd., Zebra Technologies Corp., Autodesk Inc., Trimble Inc., Zillow Group, Leica Geosystems AG, Cvent Inc., Magic Leap Inc., Vuzix, Real Tour Vision (RTV) Inc., Vieweet, Urbanimmersive Inc., Blippar Group Limited, UNIMERSIV, Kuula Inc., Virtual Pictures Corp., Cupix Inc.

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What Is Covered In The Virtual Tourism Global Market Report?

•Market Size Forecast: Examine the virtual tourism market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the virtual tourism market for a structured understanding.
•Key Players Overview: Analyze major players in the virtual tourism market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the virtual tourism market.
•Segment Contributions: Evaluate how different segments drive overall growth in the virtual tourism market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the virtual tourism market.
•Industry Challenges: Identify potential risks and obstacles affecting the virtual tourism market.
•Competitive Landscape: Review strategic developments in the virtual tourism market, including expansions, agreements, and new product launches.

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