The report is titled ‘Virtual Tour Platform Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the virtual tour platform market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The virtual tour platform market is expected to grow at a significant rate in the near future.
The virtual tour platform market is expected to reach US$ 66.6 Bn by 2028 from US$ 14.7 Bn in 2020, at a CAGR of 20.9% during the forecast period of 2020 to 2028.
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Virtual Tour Platform Introduction
A virtual tour is a series of wide-ranging panoramic images that are ‘sewed’ together to form a ‘virtual’ experience of any location. Once formed, the users of the virtual tour have the facility to experience of being somewhere they are physically not present.
This virtual experience could be seen through their laptops, desktop computers, user’s tablets and even user’s mobile devices. Virtual tours, sometimes, also include a few special features like certain sound effects, including music or a narration explaining point of interests or products. Some virtual tours offer special buttons which can be clicked by users to experience different angles of the location or observe a still image or a specific portion of the tour.
Virtual Tour Platform Market Dynamics
Virtual tours are an excellent approach for carrying out destination marketing. If applied in a proper manner, virtual tours have the capacity to boost the revenue to a vast number of vertices comprising the hospitality industry, tourism, manufacturing, learning, and security, among others. Owing to the applications in numerous sectors around the world, the virtual tour platforms are expected to witness immense demand in the global market, thereby elevating the growth of the global virtual tour platform market in the years to come.
By the same token, real estate is constantly lucrative and always up for business growth. The real estate agents, owing to the cutting-edge competition, keep looking for new and innovative ideas for the marketing of various properties. Virtual tours are something realtors can use to digitally promote their properties in a highly unique and fresh manner with providing a 360* degree panoramic view to their customers. Virtual tour is one of the best and most economical ways to display any property to the customer. Attributing to which, the global virtual platform gains enormous traction in the real estate industry worldwide. Therefore, the global virtual tour platform market is expected to flourish positively in the forthcoming years.
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Virtual Tour Platform Market Segmentation
The global virtual tour platform market is segmented on the basis of type, end-user, and regions. On the basis of the type, the virtual tour platform market is segmented into cloud-based and web-based virtual tours. On the basis of the end-user, the market is categorized into real estate, travel and hospitality, insurance, education, and others.
By Type
- Web-Based Virtual Tour
- Cloud-Based Virtual Tour
By End-User
- Real Estate
- Travel and Hospitality
- Insurance
- Education
- Others
By Region
- North America
- Latin America
- Africa
- Europe
- Asia Pacific
- Middle East
Virtual Tour Platform Market Key Players
The global virtual tour platform market is dominated by 3DVISTA, Concept3D, Cupix, DiveIn Studio, EyeSpy360, iStaging Corp., Matterport, Inc., Professional360 GmbH, RTV Inc., Roundme, among others.
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