Press release
Virtual Tourism Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
The Virtual Tourism Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Current Virtual Tourism Market Size and Its Estimated Growth Rate?
The virtual tourism market has grown rapidly in recent years. It is projected to grow from $12.38 billion in 2024 to $14.63 billion in 2025, with a CAGR of 18.1%. The growth can be attributed to rising internet penetration, the increasing use of mobile devices, growth in digital marketing, rising consumer demand for convenience, and higher investments in virtual tour infrastructure.
The virtual tourism market is projected to experience rapid growth, reaching $28.14 billion by 2029 at a CAGR of 17.8%. The growth is driven by factors like the adoption of 5G networks, increasing popularity of smart devices, expanding digital marketing strategies, improved user experience features, and integration of interactive elements. Major trends include VR adoption, growth of remote experiences, AI integration, expansion of educational content, and social feature incorporation.
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How Are Emerging Segments Shaping the Virtual Tourism Market Landscape?
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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Which Growth Factors Are Influencing Virtual Tourism Market Expansion?
The expanding real estate industry is expected to fuel the growth of the virtual tourism market. Real estate is experiencing growth due to urbanization and economic development. Virtual tours, powered by VR and AR technologies, are increasingly used in real estate to offer immersive property explorations. According to the US Census Bureau, housing unit permits rose in June 2023, reflecting the industry's growth, which will further support virtual tourism.
Who Are the Dominant Players Across Different Virtual Tourism Market Segments?
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.
What Trends Are Expected to Dominate the Virtual Tourism Market in the Next 5 Years?
Companies in the virtual tourism sector are developing AI-powered 3D virtual tours to offer quick, cost-effective, and high-quality virtual real estate experiences. These tours use artificial intelligence to create realistic digital representations of real-world properties. For example, in January 2024, Planitar Inc., a Canada-based company, launched iGUIDE Instant, a service that enables real estate photographers to quickly create detailed 3D tours and floor plans. This platform integrates with social media and web platforms, offering real estate agents customizable branding and analytics to assess the effectiveness of listings.
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Which Geographic Regions Are Expected to Dominate the Virtual Tourism Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Virtual Tourism Market?
2. What is the CAGR expected in the Virtual Tourism Market?
3. What Are the Key Innovations Transforming the Virtual Tourism Industry?
4. Which Region Is Leading the Virtual Tourism Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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