PUBLISHER: Grand View Research | PRODUCT CODE: 1654476
PUBLISHER: Grand View Research | PRODUCT CODE: 1654476
The global virtual tour market size was estimated at USD 11.06 billion in 2024 and is projected to grow at a CAGR of 34.3% from 2025 to 2030. The adoption of virtual tours has experienced significant growth across various industries, driven by advancements in technology and the increasing demand for immersive, remote engagement solutions. The shift towards cloud-based virtual tour software has facilitated scalability, accessibility, and cost-efficiency, enabling businesses to create, host, and share virtual tours without substantial investments in hardware or IT infrastructure. Furthermore, the virtual tour industry growth will be driven by the growing demand for virtual tour software by hotels, resorts, and travel destinations to allow customers to virtually explore destinations before making a booking, driving customer confidence and enhancing marketing efforts.
Advancements in virtual tour technology have significantly enhanced user experiences across various industries. The incorporation of VR and AR technologies has transformed virtual tours, offering immersive and interactive experiences. Users can now explore environments more engagingly, with applications ranging from real estate to tourism. Cloud technology has facilitated the creation, hosting, and sharing of virtual tours, making them more accessible and cost-effective. This shift enables businesses to reach a broader audience without significant infrastructure investments. Artificial intelligence and machine learning are also heavily integrated into virtual tours to provide personalized experiences. For instance, AI can analyze user interactions to offer tailored content, enhancing engagement and satisfaction. Thus, the growing focus on technological advancements is also supporting the growth of the virtual tour industry.
The proliferation of high-speed internet and the widespread use of smartphones have made virtual tours more accessible to a broader audience. This digitalization has facilitated the adoption of virtual tours across various industries. Furthermore, businesses are increasingly incorporating virtual tours into their marketing strategies to enhance customer engagement and decision-making. For instance, real estate professionals use virtual tours to provide potential buyers with immersive, 360-degree views of properties, enabling them to explore layouts and features remotely. Thus, the growing demand for virtual tours in their marketing strategies is also driving the growth of the virtual tour industry.
The growing concern for environmental sustainability has also boosted virtual tour adoption. By reducing the need for travel, virtual tours offer an eco-friendly solution to explore various places and locations. This aligns with the increasing push for green practices across industries. Virtual tours offer a cost-effective alternative to traditional in-person visits, which involve travel, accommodation, and other logistics. In sectors such as real estate and tourism, virtual tours allow customers to explore multiple locations remotely, saving time and money. Collectively, the growing demand for eco-friendly solutions and increasing adoption in the real estate and tourism sector is fueling the growth of the virtual tour industry.
Many governments around the world are promoting digital transformation as part of their economic development strategies. Policies that encourage digital infrastructure development, online education, remote working, and e-commerce indirectly drive the demand for technologies such as virtual tours, which provide immersive digital experiences. Different government programs offer financial support in the form of grants, subsidies, or tax breaks for businesses that adopt innovative technologies. Virtual tour industry offer solutions particularly in sectors such as tourism, education, and real estate, often qualify for such funding. This reduces the financial burden on smaller businesses and startups, enabling them to invest in creating high-quality virtual tours.
Global Virtual Tour Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest technology trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global virtual tour market report based on component, technology, application, and region: