According to the study, Emerging New Technologies Such as Metaverse and Virtual Reality Will Fuel the Growth of the Market is one of the primary growth factors for the market. Boost of Virtual Traveling Among the Travel Enthusiasts During and Post-Pandemic
is also expected to contribute significantly to the Virtual Travel Platform market. Overall, Education
applications of Virtual Travel Platform, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Virtually Visiting (United Kingdom), Google (United States), Proxgy (India), QuaQua (India), Heygo (United Kingdom), AirPano (Russia), Klapty (Switzerland), Beeyonder (United States), XplorIt (United States), Ana Holdings Inc. (Japan), Virtual Travel, Ascape VR (United States), Weezy VR (Switzerland) and Sites in VR pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Virtual Travel Platform market identified that the demand is rising in many different parts of the world as "Use of Virtual Travel Platform in the Education for Virtual Field Trips to Learn Real-time and Gain Beyond Book Knowledge
". Furthermore, some recent industry insights like "In March 2022, Virtually Visiting introduced its new professionally guided 360-degree virtual travel platform including destinations from Arctic North to the coast of South Africa. The company’s new virtual travel platform supports VR headsets, desktops, and mobile devices like smartphones or tablets to view the virtual world. To deliver the 360-degree virtual tour the company is working with professional tour guides from 55 tour companies across 30 countries and virtual reality experts." is constantly making the industry dynamic. One of the challenges that industry facing is "Less Economical Benefits Compared to Traditional Tourism May Affect the Growth of Virtual Travel Platforms in the Tourism Industry"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Virtual Travel Platform market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Virtual Travel Platform market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Virtual Travel Platform market tight? Which application/end-user category or Product Type [Desktop-based, Mobile Apps and VR Headset-based] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Virtual Travel Platform market and other related sub-markets covered in the study.
o Key & emerging players in the Virtual Travel Platform market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Virtual Travel Platform market size is calculated using market estimation process, the Virtual Travel Platform market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Virtual Travel Platform market size has been validated using both top-down and bottom-up approaches.