Virtual Tour Software Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Virtual Tour Software Market
The virtual tour software market size was valued at USD 340.7 billion in 2022, and the market is now projected to grow from USD 384.0 billion in 2023 to USD 941.3 billion by 2030, exhibiting a CAGR of 13.7% during the forecast period of 2023-2030.
The COVID-19 pandemic promoted adoption of consumers and business to utilize modern technologies like virtual reality and virtual tours technology for product promotion. During the pandemic, real estate owners promoted their properties on a virtual reality 360-degree platform. Major top industry players want to provide customized virtual reality systems for the real estate, tourism, automobile, and hospitality industries.
The rising demand for integration of augmented and virtual reality techniques has enhanced the virtual tour software market growth. Virtual tour software is one of the trending techniques, which aids in destination-based marketing boosting market growth. Various end-use industries such as education, manufacturing, automotive, real-estate, tourism, security, and hospitality are implementing this virtual tour software as a marketing technique to increase client involvement. The marketing approach aims to enhance client experience through virtual solutions and increase interactive sessions.
Additionally, due to adoption of AI-assisted chatbot virtual tours will augment market growth during projection period. Manufacturers are collaborating to implement modern technologies such as clod-computing and artificial intelligence and analytics tools for product promotion. This virtual tour software is suitable for both indoor and outdoor situations and can be accessed via any smart device, including mobile phones and laptop computers promoting virtual tour software market growth.
Comprehensive Analysis of Virtual Tour Software Market
The virtual tour software market is rising with an exponential rate due to its versatile market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the virtual software management industry. These segmentations are methodically segregated by types of deployment and by end users. The types of By Deployment segment include Cloud and On-premise, and By End-user segment include Real Estate, Education, Tourism & Hospitality, Automotive, and Others.
In the virtual tour software market, North America region lead the technological devices market by benefitting a market size of USD 142.2 billion in 2023 owing to rising demand for integration of augmented and virtual reality techniques and AI-assisted chatbot virtual tours.
The prominent players in the market play a crucial role in the virtual tour software industry assuring industrial prospectus growth and setting market standards. These players include, RTV, Inc. (U.S.), Concept3D, Inc. (U.S.), Klapty (Switzerland), Kuula LLC (U.S.), Matterport, Inc. (U.S.), CloudPano (U.S.), My360 (Spain), Eyespy360 (England), 3DVista Stitcher (Spain) and Roundme Limited (U.S.) these prominent market players provide a level-playing competitive environment.
In June 2022, Concept3D, Inc. has established a partnership with Pathify, a higher education engagement hub, to provide campus tours via virtual mapping.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Growth Rate CAGR of 13.7% from 2023 to 2030
Historical Period 2019-2021
Unit Value (USD million)
Segmentation By Deployment, End-user, and Region
By Deployment Cloud
On-premise
By End-user Real Estate
Education
Tourism & Hospitality
Automotive
Others (Healthcare and Others)
By Region North America (By Deployment, By End-user, and By Country)
- U.S.
- Canada
- Mexico
Europe (By Deployment, By End-user, and By Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
Asia Pacific (By Deployment, By End-user, and By Country)
China
Japan
India
South Korea
ASEAN
Oceania
Rest of Asia Pacific
Middle East and Africa (By Deployment, By End-user, and By Country)
- Turkey
- Israel
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
South America (By Deployment, By End-user, and By Country)
- Brazil
- Argentina
- Rest of South America
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Quantitative Insights-Impact of COVID-19 Pandemic on Global Reusable Launch Vehicle Market
- 5.1. Impact of COVID-19 Pandemic on Global Reusable Launch Vehicle Market
- 5.2. Steps Taken by Industry/Companies/Government to Overcome the Impact
- 5.3. Key Development in the industry in Response to COVID-19 Pandemic
- 6. Global Reusable Launch Vehicle Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Key Findings / Definitions
- 6.2. Market Analysis, Insights and Forecast – By Orbit Type
- 6.2.1. Low Earth Orbit (LEO)
- 6.2.2. Geosynchronous Transfer Orbit (GTO)
- 6.3. Market Analysis, Insights and Forecast – By Payload Weight
- 6.3.1. Upto 5000 kg
- 6.3.2. 5000 to 10000 kg
- 6.3.3. Over 10000 kg
- 6.4. Market Analysis, Insights and Forecast – By Region
- 6.4.1. North America
- 6.4.2. Europe
- 6.4.3. Asia Pacific
- 6.4.4. Rest of the World
- 7. North America Reusable Launch Vehicle Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Market Analysis, Insights and Forecast – By Orbit Type
- 7.1.1. Low Earth Orbit (LEO)
- 7.1.2. Geosynchronous Transfer Orbit (GTO)
- 7.2. Market Analysis, Insights and Forecast – By Payload Weight
- 7.2.1. Upto 5000 kg
- 7.2.2. 5000 to 10000 kg
- 7.2.3. Over 10000 kg
- 7.3. Market Analysis – By Country
- 7.3.1. U.S.
- 7.3.1.1. Market Analysis, Insights and Forecast – By Orbit Type
- 7.3.1.1.1. Low Earth Orbit (LEO)
- 7.3.1.1.2. Geosynchronous Transfer Orbit (GTO)
- 7.3.2. Canada
- 7.3.2.1. Market Analysis, Insights and Forecast – By Orbit Type
- 7.3.2.1.1. Low Earth Orbit (LEO)
- 7.3.2.1.2. Geosynchronous Transfer Orbit (GTO)
- 8. Europe Reusable Launch Vehicle Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Market Analysis, Insights and Forecast – By Orbit Type
- 8.1.1. Low Earth Orbit (LEO)
- 8.1.2. Geosynchronous Transfer Orbit (GTO)
- 8.2. Market Analysis, Insights and Forecast – By Payload Weight
- 8.2.1. Upto 5000 kg
- 8.2.2. 5000 to 10000 kg
- 8.2.3. Over 10000 kg
- 8.3. Market Analysis – By Country
- 8.3.1. U.K.
- 8.3.1.1. Market Analysis, Insights and Forecast – By Orbit Type
- 8.3.1.1.1. Low Earth Orbit (LEO)
- 8.3.1.1.2. Geosynchronous Transfer Orbit (GTO)
- 8.3.2. France
- 8.3.2.1. Market Analysis, Insights and Forecast – By Orbit Type
- 8.3.2.1.1. Low Earth Orbit (LEO)
- 8.3.2.1.2. Geosynchronous Transfer Orbit (GTO)
- 8.3.3. Germany
- 8.3.3.1. Market Analysis, Insights and Forecast – By Orbit Type
- 8.3.3.1.1. Low Earth Orbit (LEO)
- 8.3.3.1.2. Geosynchronous Transfer Orbit (GTO)
- 8.3.4. Italy
- 8.3.4.1. Market Analysis, Insights and Forecast – By Orbit Type
- 8.3.4.1.1. Low Earth Orbit (LEO)
- 8.3.4.1.2. Geosynchronous Transfer Orbit (GTO)
- 8.3.5. Rest of Europe
- 8.3.5.1. Market Analysis, Insights and Forecast – By Orbit Type
- 8.3.5.1.1. Low Earth Orbit (LEO)
- 8.3.5.1.2. Geosynchronous Transfer Orbit (GTO)
- 9. Asia Pacific Reusable Launch Vehicle Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Market Analysis, Insights and Forecast – By Orbit Type
- 9.1.1. Low Earth Orbit (LEO)
- 9.1.2. Geosynchronous Transfer Orbit (GTO)
- 9.2. Market Analysis, Insights and Forecast – By Payload Weight
- 9.2.1. Upto 5000 kg
- 9.2.2. 5000 to 10000 kg
- 9.2.3. Over 10000 kg
- 9.3. Market Analysis – By Country
- 9.3.1. China
- 9.3.1.1. Market Analysis, Insights and Forecast – By Orbit Type
- 9.3.1.1.1. Low Earth Orbit (LEO)
- 9.3.1.1.2. Geosynchronous Transfer Orbit (GTO)
- 9.3.2. India
- 9.3.2.1. Market Analysis, Insights and Forecast – By Orbit Type
- 9.3.2.1.1. Low Earth Orbit (LEO)
- 9.3.2.1.2. Geosynchronous Transfer Orbit (GTO)
- 9.3.3. Japan
- 9.3.3.1. Market Analysis, Insights and Forecast – By Orbit Type
- 9.3.3.1.1. Low Earth Orbit (LEO)
- 9.3.3.1.2. Geosynchronous Transfer Orbit (GTO)
- 9.3.4. South Korea
- 9.3.4.1. Market Analysis, Insights and Forecast – By Orbit Type
- 9.3.4.1.1. Low Earth Orbit (LEO)
- 9.3.4.1.2. Geosynchronous Transfer Orbit (GTO)
- 9.3.5. Rest of Asia Pacific
- 9.3.5.1. Market Analysis, Insights and Forecast – By Orbit Type
- 9.3.5.1.1. Low Earth Orbit (LEO)
- 9.3.5.1.2. Geosynchronous Transfer Orbit (GTO)
- 10. Rest of the World Reusable Launch Vehicle Market Analysis, Insights and Forecast, 2019-2030
- 10.1. Market Analysis, Insights and Forecast – By Orbit Type
- 10.1.1. Low Earth Orbit (LEO)
- 10.1.2. Geosynchronous Transfer Orbit (GTO)
- 10.2. Market Analysis, Insights and Forecast – By Payload Weight
- 10.2.1. Upto 5000 kg
- 10.2.2. 5000 to 10000 kg
- 10.2.3. Over 10000 kg
- 10.3. Market Analysis – By Country
- 10.3.1. Middle East & Africa
- 10.3.1.1. Market Analysis, Insights and Forecast – By Orbit Type
- 10.3.1.1.1. Low Earth Orbit (LEO)
- 10.3.1.1.2. Geosynchronous Transfer Orbit (GTO)
- 10.3.2. Latin America
- 10.3.2.1. Market Analysis, Insights and Forecast – By Orbit Type
- 10.3.2.1.1. Low Earth Orbit (LEO)
- 10.3.2.1.2. Geosynchronous Transfer Orbit (GTO)
- 11. Competitive Analysis
- 11.1. Competition Dashboard
- 11.2. Global Reusable Launch Vehicle Market Revenue Market Share Analysis by Key Players, 2022 (%)
- 12. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability under public domain))
- 12.1. Ariane Group (Paris, France)
- 12.1.1. Overview,
- 12.1.2. Products & services,
- 12.1.3. SWOT analysis,
- 12.1.4. Recent developments,
- 12.1.5. strategies,
- 12.1.6. financials (based on availability under public domain)
- 12.2. Blue Origin LLC (Washington, U.S.)
- 12.2.1. Overview,
- 12.2.2. Products & services,
- 12.2.3. SWOT analysis,
- 12.2.4. Recent developments,
- 12.2.5. strategies,
- 12.2.6. financials (based on availability under public domain)
- 12.3. Lockheed Martin Corporation (Maryland, U.S.)
- 12.3.1. Overview,
- 12.3.2. Products & services,
- 12.3.3. SWOT analysis,
- 12.3.4. Recent developments,
- 12.3.5. strategies,
- 12.3.6. financials (based on availability under public domain)
- 12.4. National Aeronautics and Space Administration (NASA) (Washington, U.S.)
- 12.4.1. Overview,
- 12.4.2. Products & services,
- 12.4.3. SWOT analysis,
- 12.4.4. Recent developments,
- 12.4.5. strategies,
- 12.4.6. financials (based on availability under public domain)
- 12.5. Rocket Labs USA (California, the U.S.)
- 12.5.1. Overview,
- 12.5.2. Products & services,
- 12.5.3. SWOT analysis,
- 12.5.4. Recent developments,
- 12.5.5. strategies,
- 12.5.6. financials (based on availability under public domain)
- 12.6. Space Exploration Technologies Corp. (SpaceX) (California, U.S.)
- 12.6.1. Overview,
- 12.6.2. Products & services,
- 12.6.3. SWOT analysis,
- 12.6.4. Recent developments,
- 12.6.5. strategies,
- 12.6.6. financials (based on availability under public domain)
- 12.7. The Boeing Company (Illinois, U.S.)
- 12.7.1. Overview,
- 12.7.2. Products & services,
- 12.7.3. SWOT analysis,
- 12.7.4. Recent developments,
- 12.7.5. strategies,
- 12.7.6. financials (based on availability under public domain)
- 12.8. The Spaceship Company (California, U.S.)
- 12.8.1. Overview,
- 12.8.2. Products & services,
- 12.8.3. SWOT analysis,
- 12.8.4. Recent developments,
- 12.8.5. strategies,
- 12.8.6. financials (based on availability under public domain)
- 12.9. United Launch Alliance (ULA) (Colorado, U. S.)
- 12.9.1. Overview,
- 12.9.2. Products & services,
- 12.9.3. SWOT analysis,
- 12.9.4. Recent developments,
- 12.9.5. strategies,
- 12.9.6. financials (based on availability under public domain)
- 12.10. European Space Agency (France)
- 12.10.1. Overview,
- 12.10.2. Products & services,
- 12.10.3. SWOT analysis,
- 12.10.4. Recent developments,
- 12.10.5. strategies,
- 12.10.6. financials (based on availability under public domain)
- 12.11. Indian Space Research Organisation (India)
- 12.11.1. Overview,
- 12.11.2. Products & services,
- 12.11.3. SWOT analysis,
- 12.11.4. Recent developments,
- 12.11.5. strategies,
- 12.11.6. financials (based on availability under public domain)
- 12.12. Roscosmos (Russia)
- 12.12.1. Overview,
- 12.12.2. Products & services,
- 12.12.3. SWOT analysis,
- 12.12.4. Recent developments,
- 12.12.5. strategies,
- 12.12.6. financials (based on availability under public domain)
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