Dublin, Jan. 31, 2025 (GLOBE NEWSWIRE) — The “Virtual Tourism – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Virtual Tourism was valued at US$8.8 Billion in 2024 and is projected to reach US$31.6 Billion by 2030, growing at a CAGR of 23.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the virtual tourism market is driven by several factors, including technological advancements, changing consumer behaviors, and the rising demand for accessible and sustainable travel experiences. One of the primary drivers is the widespread adoption of VR and AR technologies. As these tools become more affordable and user-friendly, they are enabling a broader audience to access immersive travel experiences. Additionally, the global shift toward remote lifestyles, accelerated by the COVID-19 pandemic, has increased interest in virtual tourism as a viable alternative to physical travel.
The integration of virtual tourism into the offerings of travel agencies, cultural institutions, and event organizers is also fueling market growth. For instance, museums and heritage sites are leveraging virtual tours to engage global audiences, while travel agencies use VR experiences to showcase destinations to potential customers. Furthermore, the increasing availability of high-speed internet and 5G networks is enhancing the accessibility and quality of virtual tourism experiences. The growing emphasis on inclusivity, particularly for individuals with physical or financial limitations, is another significant factor driving adoption. These dynamics underscore the transformative impact of virtual tourism in making global travel more inclusive, sustainable, and innovative.
Scope of the Study
The report analyzes the Virtual Tourism market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.
Segments
Type (3D Virtual Tours, 360 Virtual Tours, Virtual Reality Tours); Application (Tourism Application, Real Estate Application, Art Galleries & Museums Application, Other Applications).
Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the 3D Virtual Tours segment, which is expected to reach US$16.1 Billion by 2030 with a CAGR of a 24.2%. The 360 Virtual Tours segment is also set to grow at 20.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $2.3 Billion in 2024, and China, forecasted to grow at an impressive 22.6% CAGR to reach $4.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 360 Cities Holding B.V., Appily.com, Blue Raven Studios, Dubai 360, Expedia Group and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Virtual Tourism Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 41 companies featured in this Virtual Tourism market report include:
- 360 Cities Holding B.V.
- Appily.com
- Blue Raven Studios
- Dubai 360
- Expedia Group
- Immersive Studio
- Kuula Inc.
- Matterport, Inc.
- Panedia Pty Ltd.
- Real Tour Vision
Key Attributes
| Report Attribute | Details |
| No. of Pages | 143 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $8.8 Billion |
| Forecasted Market Value (USD) by 2030 | $31.6 Billion |
| Compound Annual Growth Rate | 23.9% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Economic Frontiers: Trends, Trials & Transformations
- Virtual Tourism – Global Key Competitors Percentage Market Share in 2024
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024
MARKET TRENDS & DRIVERS
- Rising Demand for Accessible Travel Experiences Fuels Growth in Virtual Tourism
- Advancements in VR Technology Propel Immersive Virtual Travel Solutions
- Focus on Enhancing Cultural and Historical Education Drives Adoption of Virtual Tourism
- Growth in Digital Nomadism Highlights Demand for Virtual Exploration Tools
- Focus on Reducing Travel Carbon Footprint Encourages Adoption of Virtual Tours
- Integration with Augmented Reality Expands Applications for Mixed-Reality Travel Experiences
- Advancements in 360-Degree Video Technology Boost Realism in Virtual Tourism
- Rising Popularity of Virtual Museum and Heritage Tours Expands Market Applications
- Focus on Accessibility for Elderly and Disabled Travelers Enhances Demand for Virtual Tourism
- Emergence of AI-Enhanced Virtual Guides Fuels Innovation in Tourism Platforms
- Increased Use of Virtual Reality in Destination Marketing Creates Opportunities for Tourism Operators
- Integration with Social Media Platforms Expands Reach of Virtual Tourism Campaigns
- Emergence of Subscription-Based Virtual Travel Platforms Fuels Market Growth
For more information about this report visit https://www.researchandmarkets.com/r/lgi7mw
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