Industry Background:
The global Virtual Tour Platform market is expected to witness high demand in the forecasted period due to gaining popularity of the virtual reality across the world. Virtual tour platform that enables users to take 360° videos, create interactive floor plans, edit photos, measure dimensions, etc. It also helps the user in navigating from scene to scene with just a click. And delivers greater location context to the scene with the help of built-in Tour Map or Google Maps. The growing construction as well as tourism industries helping to propel the growth of the virtual tour platform market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Matterport (United States), 3DVista (Spain), IStaging (United States), Roundme (Russia), SeekBeak (United States), Easypano Holdings Inc. (China), Real Tour Vision (United States), Concept3D (United States), EyeSpy360 (United Kingdom) and Cloudpano (United States) |
This growth is primarily driven by The Increasing Construction Industries in Both Developing and Developed Countries and The Growing Penetration of Internet and Increasing Inclination towards Smartphones.
Globally, a noticeable market trend is evident Increasing Demand for 3D And 360 Degree Virtual Tour in the Construction Industries
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Matterport (United States), 3DVista (Spain), IStaging (United States), Roundme (Russia), SeekBeak (United States), Easypano Holdings Inc. (China), Real Tour Vision (United States), Concept3D (United States), EyeSpy360 (United Kingdom) and Cloudpano (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The key players have adopted strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
Key Developments in the Market:
On 10th July 2019, Matterport, the world leader in 3D capture technology and data, announced that it intends to acquire Arraiy, the pioneer behind breakthrough machine learning and computer vision technology that allows visual creators to integrate real and virtual worlds
On 28th January 2019, Matterport, the world leader in 3D capture technology and data, unveiled Matterport Cloud 3.0, a subscription-based platform that puts 3D capture in the hands of businesses and individuals worldwide.
Influencing Trend:
Increasing Demand for 3D And 360 Degree Virtual Tour in the Construction Industries and High Adoption of Cloud-Based Applications
Market Growth Drivers:
The Increasing Construction Industries in Both Developing and Developed Countries and The Growing Penetration of Internet and Increasing Inclination towards Smartphones
Challenges:
The Concern Related to Negative Impact of COVID-19 on Tourism and Construction Industries
Restraints:
Interpretability Issues associated with Virtual Tour Platform and Lack of Awareness related to the Platform
Opportunities:
Introduction of Virtual Reality, AI and IoT in the Virtual Toor Platform Market and Upsurging Tourism Industry in the Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Virtual Tour Platform Market
- Analysis about New Entrants in Virtual Tour Platform Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Virtual Tour Platform Study Sheds Light on
The Virtual Tour Platform Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Virtual Tour Platform industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Virtual Tour Platform industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.