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.
Virtual Tour Platform Market Definition
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.
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.
MMC Overview on Virtual Tour Platform Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the virtual tour platform market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of virtual tour platform
Advantages of virtual tour platform
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
1. Global Virtual Tour Platform Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Virtual Tour Platform Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Virtual Tour Platform Market Snapshot
2.4. Global Virtual Tour Platform Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Virtual Tour Platform Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Porter’s Five Forces Model
2.7. SWOT Analysis
3. Virtual Tour Platform Assessment and Analysis
3.1. Virtual Tour Platform Impact Analysis
3.2. Actions to encourage use of Virtual Tour Platform
3.3. Virtual Tour Platform Promotional Strategy Recommendation
3.4. Road Map Analysis
3.5. GAP Analysis
3.6. Potential Analysis
4. Covid-19 Impact on Virtual Tour Platform Market
5. Global Virtual Tour Platform Market, By Type
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Type
5.1.2. BPS Analysis, By Type
5.2. Market Revenue (US$Mn) and Forecast, By Type
5.2.1. Web-based virtual tour
5.2.2. Cloud-based virtual tour
5.3. Global Virtual Tour Platform Market Attractiveness Index, By Type
6. Global Virtual Tour Platform Market, By End-User
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By End-User
6.1.2. BPS Analysis, By End-User
6.2. Market Revenue (US$Mn) and Forecast, By End-User
6.2.1. Real Estate
6.2.2. Travel & Hospitality
6.2.3. Insurance
6.2.4. Education
6.2.5. Others
6.3. Global Virtual Tour Platform Market Attractiveness Index, By End-User
7. Global Virtual Tour Platform Market, By Region
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Region
7.1.2. BPS Analysis, By Region
7.2. Market Revenue (US$Mn) and Forecast, By Region
7.2.1. North America
7.2.2. Latin America
7.2.3. Europe
7.2.4. Asia Pacific
7.2.5. Middle East
7.2.6. Africa
7.3. Global Virtual Tour Platform Market Attractiveness Index, By Region
8. North America Virtual Tour Platform Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market Revenue (US$Mn) and Forecast, By Country
8.2.1. U.S. Virtual Tour Platform Market
8.2.2. Canada Virtual Tour Platform Market
8.3. North America Virtual Tour Platform Market, By Type
8.3.1. Web-based virtual tour
8.3.2. Cloud-based virtual tour
8.4. North America Virtual Tour Platform Market Revenue (US$Mn) and Forecast, By End-User
8.4.1. Real Estate
8.4.2. Travel & Hospitality
8.4.3. Insurance
8.4.4. Education
8.4.5. Others
8.5. North America Virtual Tour Platform Market Attractiveness Index
8.5.1. By Country
8.5.2. By Type
8.5.3. By End-User
9. Latin America Virtual Tour Platform Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market (US$Mn) Forecast, By Country
9.2.1. Brazil Virtual Tour Platform Market
9.2.2. Mexico Virtual Tour Platform Market
9.2.3. Rest Of Latin America Virtual Tour Platform Market
9.3. Latin America Virtual Tour Platform Market, By Type
9.3.1. Web-based virtual tour
9.3.2. Cloud-based virtual tour
9.4. Latin America Virtual Tour Platform Market Revenue (US$Mn) and Forecast, By End-User
9.4.1. Real Estate
9.4.2. Travel & Hospitality
9.4.3. Insurance
9.4.4. Education
9.4.5. Others
9.5. Latin America Virtual Tour Platform Market Attractiveness Index
9.5.1. By Country
9.5.2. By Type
9.5.3. By End-User
10. Europe Virtual Tour Platform Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) Forecast, By Country
10.2.1. U.K. Virtual Tour Platform Market
10.2.2. Germany Virtual Tour Platform Market
10.2.3. Italy Virtual Tour Platform Market
10.2.4. France Virtual Tour Platform Market
10.2.5. Spain Virtual Tour Platform Market
10.2.6. Russia Virtual Tour Platform Market
10.2.7. Rest Of Europe Virtual Tour Platform Market
10.3. Europe Virtual Tour Platform Market, By Type
10.3.1. Web-based virtual tour
10.3.2. Cloud-based virtual tour
10.4. Europe Virtual Tour Platform Market Revenue (US$Mn) and Forecast, By End-User
10.4.1. Real Estate
10.4.2. Travel & Hospitality
10.4.3. Insurance
10.4.4. Education
10.4.5. Others
10.5. Europe Virtual Tour Platform Market Attractiveness Index
10.5.1. By Country
10.5.2. By Type
10.5.3. By End-User
11. Asia Pacific Virtual Tour Platform Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. China Virtual Tour Platform Market
11.2.2. India Virtual Tour Platform Market
11.2.3. Japan Virtual Tour Platform Market
11.2.4. Australia and New Zealand Virtual Tour Platform Market
11.2.5. South Korea Virtual Tour Platform Market
11.2.6. Rest of Asia Pacific Virtual Tour Platform Market
11.3. Asia Pacific Virtual Tour Platform Market, By Type
11.3.1. Web-based virtual tour
11.3.2. Cloud-based virtual tour
11.4. Asia Pacific Virtual Tour Platform Market Revenue (US$Mn) and Forecast, By End-User
11.4.1. Real Estate
11.4.2. Travel & Hospitality
11.4.3. Insurance
11.4.4. Education
11.4.5. Others
11.5. Asia Pacific Virtual Tour Platform Market Attractiveness Index
11.5.1. By Country
11.5.2. By Type
11.5.3. By End-User
12. Middle East Virtual Tour Platform Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. GCC Countries Virtual Tour Platform Market
12.2.2. Israel Virtual Tour Platform Market
12.2.3. Rest Of Middle East Virtual Tour Platform Market
12.3. Middle East Virtual Tour Platform Market, By Type
12.3.1. Web-based virtual tour
12.3.2. Cloud-based virtual tour
12.4. Middle East Virtual Tour Platform Market Revenue (US$Mn) and Forecast, By End-User
12.4.1. Real Estate
12.4.2. Travel & Hospitality
12.4.3. Insurance
12.4.4. Education
12.4.5. Others
12.5. Middle East Virtual Tour Platform Market Attractiveness Index
12.5.1. By Country
12.5.2. By Type
12.5.3. By End-User
13. Africa Virtual Tour Platform Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. South Africa Countries Virtual Tour Platform Market
13.2.2. Egypt Virtual Tour Platform Market
13.2.3. North Africa Virtual Tour Platform Market
13.2.4. Rest of Africa Virtual Tour Platform Market
13.3. Africa Virtual Tour Platform Market, By Type
13.3.1. Web-based virtual tour
13.3.2. Cloud-based virtual tour
13.4. Africa Virtual Tour Platform Market Revenue (US$Mn) and Forecast, By End-User
13.4.1. Real Estate
13.4.2. Travel & Hospitality
13.4.3. Insurance
13.4.4. Education
13.4.5. Others
13.5. Africa Virtual Tour Platform Market Attractiveness Index
13.5.1. By Country
13.5.2. By Type
13.5.3. By End-User
14. Competitive Landscape
14.1. Company Profiles
14.1.1. 3DVISTA
14.1.1.1. Company Overview
14.1.1.2. Financial Overview
14.1.1.3. Key Developments
14.1.1.4. Strategies
14.1.1.5. Product Analysis
14.1.2. Concept3D
14.1.3. Cupix
14.1.4. DiveIn Studio
14.1.5. EyeSpy360
14.1.6. iStaging Corp.
14.1.7. Matterport, Inc.
14.1.8. Professional360 GmbH
14.1.9. RTV Inc.
14.1.10. Roundme
15. Acronyms
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
The virtual tour platform market is expected to reach US$ 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.
What are the key factors driving the growth of market?
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
What segments are covered in market report?
The global virtual tour platform market is segmented on the basis of type, end-user, and regions.
What are the key participating players in the market?
3DVISTA, Concept3D, Cupix, DiveIn Studio, EyeSpy360, iStaging Corp., Matterport, Inc., Professional360 GmbH, RTV Inc., Roundme, among others are the key participating players in the market.
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