Virtual Tourism Industry Eyes $31.6 Billion Opportunity by 2030

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Virtual Tourism Industry Eyes .6 Billion Opportunity by 2030
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Virtual Tourism Market

Virtual Tourism Market
Virtual Tourism Market

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.

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