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Virtual Tour Market Fastest Growing and Highest Revenue Generating Segments, Key Trends, and Competitive Scenario

Virtual Tour Market

Virtual Tour Market

According to a new report, The Global Virtual Tour Market by By Type, by By Application: Opportunity Analysis and Industry Forecast, 2020-2030

Technological advancements and rise in application areas among various industry verticals are some of the major factors which leads to enhance the growth of the market.”
— Roshan Deshmukh

5933 NE WIN SIVERS DRIVE, PORTLAND, OR, UNITED STATES, September 28, 2022 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, The virtual tour market was valued at $448.10 million in 2020, and is estimated to reach $6.5 billion by 2030, growing at a CAGR of 31% from 2021 to 2030. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

Request The Free Sample PDF of This Report: https://www.alliedmarketresearch.com/request-sample/16155

Surge in utilization by the real estate industry to display & commercialize their properties, increase engagement, and enhance experience along with increase in utilization in advertisements and promotions drive the growth of the global virtual tour market. However, lack of impactful user experience design and slow adoption of virtual reality solutions restrict the market growth. On the other hand, rise in internet connectivity and technological advancements create new opportunities in the coming years.

The global Virtual Tour Market Size was valued at $448.1 million in 2020, and is projected to reach $6,537.1 million by 2030, registering a CAGR of 31.0% from 2021 to 2030. The 3D virtual tour segment was the highest revenue contributor to the market, and is estimated to reach $2,810.2 million by 2030, with a CAGR of 30.4%.

Growth of the real estate and tourism industry and increase in internet connectivity act as the Virtual Tour Market Trends of the global Virtual Tour Industry. In addition, increase in use of consumer electronic devices is expected to fuel the virtual tour market growth . However, lack of effective user experience design and slow adoption of virtual reality solutions among underdeveloped economies are the major factors that impede the market growth. Conversely, technological advancements and rise in application areas among various industry verticals are expected to provide lucrative Virtual Tour Market Demand for the market growth.

In 2020, on the basis of type, 3D Virtual Tour held the major virtual tour market share, and is expected to maintain its dominance in the upcoming years. This is due to rise in applications of virtual reality solutions in construction, tourism industry, healthcare, education, and real estate industries. However, the virtual reality tour segment is expected to witness highest growth, due to AR & VR technology benefits such as reduced field staff training costs, faster repairs, and greater customer satisfaction.

By Application, tourism segment held the major share of 35.6% in the global virtual tour market. Virtual reality technologically involves the use of VR headset, which helps to immerse a user in digital environment.

North America region held the major share in the virtual tour market. This is attributed to the increase in technological advancements in real estate and tourism sector, growth in penetration of gaming industry and remarkable growth in e-learning market.

The Covid-19 pandemic has a vital impact on the growth of the global Men’s Hair Care and Styling Products Market and altered several market scenarios. The lockdown across various countries and ban on international travel has disrupted the supply chain and revenue chain. The report includes a thorough analysis of the Covid-19 pandemic on the growth of the global Men’s Hair Care and Styling Products Market.

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Major players operating in the global virtual tour market are Pan 3sixty, Mi 360, 360 Pano Vr Solutions Pvt. Ltd, 360 Imagery, Exsight 360, Blueravenstudios, Invision Studio Inc, Starts360, Tourvista, and Eye Revolution Ltd.

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○ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Related Reports:

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Leisure Travel Market is projected to reach $1,737.3 billion by 2027

○ Sustainable Tourism Market Opportunities And Revenue Forecast By 2027
https://www.alliedmarketresearch.com/sustainable-tourism-market-A06549

○ Travel Risk Management Services Market is projected to reach $223.62 billion by 2031
https://www.alliedmarketresearch.com/travel-risk-management-services-market-A06585

○ Peer-to-Peer Accommodation Market Will Show An Increase Of By 2027, Report
https://www.alliedmarketresearch.com/peer-to-peer-accommodation-market


Source: https://www.dailyreportsworld.com

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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Allied Analytics LLP
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