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With 13.8% CAGR, Virtual Tour Software Market Size to Reach USD 854.2 Million [2022-2029]

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Pune, India, Sept. 08, 2022 (GLOBE NEWSWIRE) — The global virtual tour software market size was valued at USD 304.6 million in 2021. The market is expected to grow from USD 345.4 million in 2022 to USD 854.2 million by 2029, exhibiting a CAGR of 13.8% during the forecast period. There is rising demand for touring software and smartphone-based tourism to foster market progress. Fortune Business Insightspresents this information in its report titled “Virtual Tour Market Share, 2022-2029.

Key Industry Development

  • June 2022: Concept3D, Inc. partnered with Pathify to provide campus touring using virtual mapping.

Request Sample Copy of the Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/virtual-tour-software-market-106811

Report Scope:

Report Coverage Details
Forecast Period 2022 to 2029
Forecast Period 2022 to 2029 CAGR 13.8%
2029 Value Projection USD 854.2 Million
Base Year 2021
Virtual Tour Market Size in 2021 USD 304.6 Million
Historical Data for 2018 to 2020
No. of Pages 140

COVID-19 Impact:

Manufacturing Constraints Bolstered Market Growth During the Pandemic

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The market was negatively affected during the COVID-19 pandemic due to restrictions on manufacturing and a halt on construction activities. The sudden spike in COVID-19 patients led to the adoption of digital services, thereby enhancing the virtual tour software demand. Furthermore, rising smartphone and electronics demand and increasing dependence upon the Internet of Things (IoT) are likely to elevate the demand for the software. These factors propelled market progress during the pandemic.

Segments

Cloud Segment to Lead Owing to Strong Adoption of Technologically Advanced Software

By deployment, the market is segmented into cloud and on-premises. The cloud segment is expected to lead due to the strong adoption of technologically advanced software.

Real Estate Segment to Dominate Attributable to Strong Demand for VR Software

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As per end-user, the market is classified into real estate, education, tourism & hospitality, automotive, and others. The real estate segment is expected to dominate due to the strong demand for VR software.

Regionally, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

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Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.

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Drivers and Restraints

Rising Technological Advancements to Propel Industry Growth

Virtual tour software is utilized for virtually viewing tourist places, automobiles, and properties. It combines videos, audio, 3D maps, and images to recreate 360-degree panoramic photos of components, places, and locations. Rising technological advancements may enhance the demand for software. Furthermore, the increasing adoption of the product from several industries is expected to enhance the industry’s growth. Moreover, the increasing demand for the product for customer hospitality is expected to drive the virtual tour market growth.

However, consumers’ lack of information and awareness regarding the software’s benefits may hinder market growth.

Regional Insights

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Rising Adoption of the Software in the U.S. to Propel Market Growth in North America

North America is expected to dominate the virtual tour market share due to the rising adoption of the software in the U.S. The market in North America stood at USD 124.3 million in 2021 and is expected to gain a huge portion of the global market share in the coming years. Furthermore, rising technological developments in the region may foster the market growth.

In Europe, the rising adoption of artificial intelligence and machine learning is expected to surge the product demand. Furthermore, increasing software adoption in the real estate industry is expected to propel market progress.

In Asia Pacific, increasing demand for analytics tools across India and China is likely to support industry growth. Further, developing the software for communicating with consumers may foster the industry’s progress.

Have Any Query? Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/virtual-tour-software-market-106811

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Competitive Landscape

Major Players Enter into Collaborations to Enhance their Offerings

The prominent companies operating in the market enter into collaborations to enhance their offerings. For example, CloudPano collaborated with realtor.com in December 2021 to offer 3D virtual tour capability to the home buyer population. This strategy may allow players to enhance their product offerings and enhance their brand image. Furthermore, companies devise mergers, collaborations, novel product launches, research & development, and expansions to boost their market position globally.

Companies Profiled in the Virtual Tour Software Market Report

  • 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)
  • Roundme Limited (U.S.)

Quick buy – Virtual Tour Software Market Report: https://www.fortunebusinessinsights.com/checkout-page/106811

Major Points in TOC:

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  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Executive Summary
  • Market Dynamics
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • Global Virtual Tour Software Key Players Market Share Insights and Analysis, 2021
  • Global Virtual Tour Software Market Size Estimates and Forecasts, By Segments, 2018-2029
    • Key Findings
    • By Deployment (USD)
      • Cloud
      • On-premise
    • By End-user (USD)
      • Real Estate
      • Education
      • Tourism & Hospitality
      • Automotive
      • Others (Healthcare, and others)
    • By Region (USD)
      • North America
      • South America
      • Europe
      • Middle East & Africa
      • Asia Pacific
  • North America Virtual Tour Market Size Estimates and Forecasts, By Segments, 2018-2029
    • Key Findings
    • By Deployment (USD)
      • Cloud
      • On-premise
    • By End-user (USD)
      • Real Estate
      • Education
      • Tourism & Hospitality
      • Automotive
      • Others (Healthcare, and others)
    • By Country (USD)
      • United States
      • Canada
      • Mexico
  • South America Virtual Tour Software Market Size Estimates and Forecasts, By Segments, 2018-2029

TOC Continued…!

FAQs:

How big is the virtual tour market?

The global virtual tour software market size was valued at USD 304.6 million in 2021. The market is expected to grow from USD 345.4 million in 2022 to USD 854.2 million by 2029, exhibiting a CAGR of 13.8% during the forecast period.

Who are the top players in the virtual tour market?

RTV, Concept3D, Klapty, Kuula LLC, Matterport, CloudPano, My360, Eyespy360, 3DVista Stitcher, Roundme Limited

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US :+1 424 253 0390

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APAC : +91 744 740 1245

Email: [email protected]

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Fractal Announces Merger of Eugenie.ai to Bolster AI-Powered Climate Solutions

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MUMBAI, India, June 26, 2024 /PRNewswire/ — Fractal (www.fractal.ai), a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies, today announced the merger of Eugenie AI (Eugenie.ai), an AI company dedicated to providing AI-driven products for climate change and industrial sustainability.

Founded in 2021, Eugenie has established itself as one of the pioneering forces in AI-driven climate solutions. Their clientele includes some of the world’s largest industrial corporations across energy, metals & mining, and other hard-to-abate sectors. Eugenie’s achievements include being featured at the prestigious 2024 Google I/O, being an alum of the Google for Startups: Climate Change accelerator and winning multiple global accolades such as the NASSCOM Emerge 50, Tech30 recognition by YourStory, and the Vedanta Spark Corporate Innovation Challenge. Eugenie has been featured as a key provider by Gartner in its 2023 Market Guide for Energy Management and Optimization Systems & Market Guide for Commercial and Industrial Energy Management and Optimization Systems.
Srikanth Velamakanni, Co-founder, Group Chief Executive & Vice Chairman, Fractal, said, “We are excited to welcome Eugenie back into the Fractal family. Eugenie’s cutting-edge AI technologies and their commitment to combating climate change align perfectly with our vision to leverage AI for social good. Together, we aim to accelerate the development and deployment of innovative solutions that address some of the most pressing environmental challenges of our time. Eugenie’s expertise in serving major industrial clients complements our goal of creating significant value for client in Fortune 100 organizations.”
Dr. Soudip Roy Chowdhury, Founder and CEO, Eugenie AI, said, “Joining forces with Fractal marks a significant milestone for Eugenie. Our shared values and complementary expertise will enable us to scale our impact and continue our mission to drive sustainable industrial transformations. We look forward to working together to create a future where technology and nature coexist harmoniously. By integrating our AI-driven solutions with Fractal’s extensive capabilities, we can offer even greater value to our clients, helping them achieve their sustainability goals.”
The merger of Eugenie reinforces Fractal’s commitment to harnessing the power of artificial intelligence to address global challenges and underscores its dedication to sustainability and innovation. By integrating Eugenie’s expertise in climate-focused AI solutions, Fractal aims to expand its portfolio and deliver even greater value to its clients and communities worldwide.
Eugenie’s focus on providing AI solutions to some of the hardest-to-abate sectors aligns perfectly with Fractal’s vision of driving significant value for large enterprises. This strategic merger will enhance Fractal’s ability to offer comprehensive AI solutions that not only optimize business operations but also contribute to a more sustainable and resilient industrial ecosystem.
For more information, please visit www.fractal.ai and www.eugenie.ai.
About Fractal
Fractal is one of the most prominent providers of Artificial Intelligence to Fortune 500® companies. Fractal’s vision is to power every human decision in the enterprise, and bring AI, engineering, and design to help the world’s most admired companies.
Fractal’s businesses include Crux Intelligence (AI driven business intelligence), Eugenie.ai (AI for sustainability), Asper.ai (AI for revenue growth management), Senseforth.ai (conversational AI for customer service) & Flyfish (generative AI for Sales). Fractal incubated Qure.ai, a leading player in healthcare AI for detecting Tuberculosis and Lung cancer.
Fractal currently has 4500+ employees across 17 global locations, including the United States, UK, Ukraine, India, Singapore, Middle East and Australia. Fractal has been recognized as ‘Great Workplace’ and ‘India’s Best Workplaces for Women’ in the top 100 (large) category by The Great Place to Work® Institute; featured as a leader in Data Engineering services 2024 & Data Science Services 2024 by Information Services Group, Leader in AI and Analytics Services Specialists Peak Matrix Assessment 2021 by Everest Group, Leader in Customer Analytics Service Providers Wave™ 2023 by Forrester Research, Inc.
About Eugenie AI:
Eugenie is a forward-thinking AI company, headquartered in NY, USA dedicated to creating solutions that address climate change and promote industrial sustainability. Leveraging advanced AI technologies, Eugenie empowers organizations to achieve their sustainability goals and contribute to a healthier planet.
 

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Artificial Intelligence

ADOLFO DOMÍNGUEZ PRESENTS HIS NEW FASHION AND FRAGRANCE COLLECTION AT A WORLD FASHION SHOW

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The brand intertwines fashion and perfume to create an immersive experience in the olfactory and creative universe
The fashion show, which will take place in Chile, will be broadcast online in 29 countries. It can be followed live on the brand’s website and social media profiles
MADRID, June 26, 2024 /PRNewswire/ — Adolfo Domínguez keeps moving forward in its commitment to bring fashion closer to society. The brand will showcase Ikigai, its autumn-winter 2024 collection, together with a selection of new perfumes in a global fashion show.

The event, which will mix fashion and fragrances, will be streamed live on 27 June at 6 p.m. (Portuguese time) on the brand’s website, accessible from 29 countries around the world, as well as through Mega, the main television channel in Chile, and Movistar+, in Spain. The event will also be broadcast on the company’s profiles on social media.
Adolfo Dominguez will showcase its fashion and perfume collections from the La Moneda cultural centre in Santiago de Chile, where it will create an immersive experience with artistic performances and music developed exclusively for the occasion. Attendees will have the opportunity to experience first-hand the essence and innovation that define Adolfo Dominguez, consolidating its presence and relevance in the Latin American market.
“Clothes matter. It is our second skin. Perfume is the trace we leave as we walk by. With each new collection, we explore our creativity and out contribution to society as a brand- why should we limit it to a privileged few in a room?” states Patricia Alonso, Corporate Director of Marketing and Communication at Adolfo Domínguez.
Ikigai, a Japanese concept that invites each person to go in search of their vital purpose, is the driving force behind Adolfo Domínguez’s autumn-winter 2024 collection: a selection of garments designed to liberate oneself. The result is a collection designed to be lived, with garments that are born to make people understand that beauty and happiness reside in the little things.
The fashion show will be streamed on www.adolfodominguez.com and on the brand’s profiles on social media (Youtube, Instagram and Facebook). In Latin America, the fashion show can also be seen on Mega, one of the main Chilean television channels.
Photo – https://mma.prnewswire.com/media/2444915/Adolfo_Dominguez.jpgLogo – https://mma.prnewswire.com/media/2445072/Adolfo_Dominguez_logo.jpg

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Artificial Intelligence

Darwin CX Broadens Global Reach via Strategic Partnership with dsb

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TORONTO, NECKARSULM, Germany and NORTHAMPTON, UK, June 26, 2024 /PRNewswire/ — Darwin CX and dsb deepen their alliance as Darwin CX becomes a shareholder of dsb. The Canadian company’s investment in dsb expands Darwin CX into the UK and European market and dsb becomes part of the pioneering Darwin CX family. The strategic partnership marks a significant milestone for Darwin CX and dsb, both leading providers of SaaS solutions and services for publishers.

The most remarkable aspect of this union is the parallel trajectories of these formidable companies prior to the partnership. Darwin CX and dsb’s fly ecosystem both launched in 2018 with the common goal of modernizing the publishing industry, which had become heavily reliant on outdated practices and legacy systems. Each company was on an independent mission to create an ecosystem of tools and solutions that would allow publishers to thrive in a fast-paced, data-driven, digital-first marketplace.
Best practices from North America meet European recipes for success
“While Darwin CX developed a platform for the needs of a North American publishing audience, the dsb fly ecosystem offers its European customers a variety of tools to increase acquisition, maximize customer lifetime value and reduce costs and effort,” explains Liam Lynch, CEO of Darwin CX.
Broader range of resources and features
Darwin CX and dsb are process experts in the publishing environment. “We know the industry’s workflows inside out and have the same vision. Now, as subscription professionals, we are joining forces and offering our customers scalable solutions that enable them to tap into new revenue streams in a dynamic market,” emphasizes Olaf Bendt, CEO of the dsb Group. “Our customers benefit from an even broader range of resources and features.”
Next generation sales and marketing solutions
Publishers are battling dwindling attention spans and declining engagement. dsb and Darwin CX offer the publishing industry new, powerful tools for even more accurate content offers, prices and subscription conditions. All of this is based on data-driven, AI-supported personalization, which offers publishers new insights into their customers’ engagement and launches targeted measures to increase loyalty.
Prioritizing business continuity
“To meet the growing needs of our customers, dsb will expand their fly back-end infrastructure while integrating some of Darwin CX’s key marketing and data management tools. Of course, business continuity will be maintained for both our European and North American clients. We will offer our clients the best of both worlds without disrupting their day-to-day business,” emphasizes Alex Münch, COO at dsb Group.
Solutions for digital and printed content
Darwin CX and dsb are united by a focus on maximizing recurring revenue, seamless integration of online and offline solutions, and a fundamental belief in customer centricity. “The DNA of both companies is the publishing industry. That’s why, together with dsb, we are focusing on customized solutions for printed and digital Content”, stresses Michael Smith, Darwin CX Co-Founder and Chief Technology Officer.
About Darwin CX
Darwin CX is a transformative SaaS and services platform at the leading edge of the subscription and membership economies. Founded in Toronto, Canada, Darwin CX assists brands accelerate acquisition and retention—and increase loyalty—through innovative and customized check-out pages, targeted audience offerings, real-time A/B testing and best-in-class analytics, paywall and customer data platform (CDP). The Darwin CX platform enables clients to have complete freedom and control over customer data in order to tailor the best possible customer experiences. Over 140 well-known publishers and more than 300 brands in the USA, Canada and Australia rely on Darwin CX for their data and subscription management needs. Led by CEO, Liam Lynch, CTO, Michael Smith, COO, Cat Kiernan and President, Cary Zel, Darwin CX is backed by a group of growth equity investors with a common theme of disrupting industries and driving digital innovation including First Ascent Ventures, New Era Capital Partners and Felicitas Global Partners.
About dsb
With dsb fly, the dsb group develops and operates Europe’s leading subscription ecosystem for the publishing industry. Key players in the media industry have been relying on dsb’s holistic and customer-centric monetization solutions for over 50 years. Whether lifestyle products, seminars, events, digital or print titles – the dsb fly ecosystem offers media companies a customized 360-degree customer view of print and digital consumption. This all-round view is the basis for highly individualized worlds of experience and high customer loyalty. dsb fly manages customer relationships along the entire customer life cycle and maximizes subscription retention and sales with accurate subscription offers and highly individualized worlds of experience.
TAGGED WITH: Darwin CX, Liam Lynch, Michael Smith, Cary Zel, dsb, dsb.net, Olaf Bendt, Alex Münch 
To find out if Darwin CX and dsb are right for your international business, contact [email protected]
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