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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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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

KMS Lighthouse and lastminute.com Triumph with a Double Win at the Global Sourcing Association (GSA) 2024 Awards

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TEL AVIV, Israel, June 17, 2024 /PRNewswire/ — KMS Lighthouse, a global leader in knowledge management, is proud to announce its remarkable achievement of winning two prestigious awards with lastminute.com at the Global Sourcing Association (GSA) 2024 Awards. The brands were honored in the following categories:

Retail Programme of the Year: lastminute.com and KMS Lighthouse LimitedTechnology Enabled Programme of the Year (Automation/AI): lastminute.com and KMS Lighthouse LimitedKMS Lighthouse was also a finalist in the Service Provider of the Year category.
The awards were presented on June 11, 2024, at a glittering ceremony held at Richmond Hill Hotel, as part of the GSA Festival of Sourcing. Celebrating its 21st year, the GSA Awards recognize organizations that demonstrate exceptional best practices in strategic sourcing.
Sagi Eliyahu, CEO of KMS Lighthouse Limited commented “We are absolutely delighted to have won these two esteemed awards. This recognition underscores the tireless dedication and innovation of our teams in delivering exceptional knowledge management solutions to our clients. I would like to extend my heartfelt gratitude to our partners at lastminute.com. The synergy and true partnership we have formed exemplify the collaborative spirit needed to drive outstanding results.”
“We are thrilled to celebrate these award wins with KMS Lighthouse,” said Walter Di Lello, Knowledge Manager & Procedure Team Leader at lastminute.com. “This achievement is a testament to the hard work and dedication of both our teams. The collaborative partnership approach we have fostered with KMS Lighthouse has been pivotal in delivering innovative and impactful solutions. Thank you to everyone involved for their relentless commitment and excellence.”
This double accolade highlights KMS Lighthouse’s unwavering commitment to excellence, innovation, and effective collaboration. The successful partnership with lastminute.com has not only enhanced the retail sector’s capabilities but also set new standards in automation and AI-driven solutions.
About KMS Lighthouse:
KMS Lighthouse is a global leader in knowledge management solutions, providing innovative platforms that enhance organizational knowledge sharing and decision-making. Through advanced AI and automation technologies, KMS Lighthouse enables businesses to improve customer service, streamline operations, and achieve higher efficiency.
About lastminute.com
lastminute.com is the European Travel-Tech leader in Dynamic Holiday Packages. Our mission is to simplify, personalise, and enhance our customers’ travel experience by leveraging technology. Thanks to the iconic brand lastminute.com and a rich portfolio of vertical brands, we meet the most diverse needs of travellers across the entire holiday experience. As one of the few fully licensed European tour operators, we offer unlimited real-time travel combinations thanks to our proprietary Dynamic Holiday Packaging engine, providing additional customer protection and exclusive deals. lastminute.com N.V. is a publicly traded company listed under the ticker symbol, LMN on the SIX Swiss Exchange.
Media Contact:KMS Lighthouse [email protected] [email protected]://www.linkedin.com/company/kms-lighthouse/https://kmslh.com/

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CluePoints Continues ‘Turning Artificial Intelligence into Human Intelligence’ by Launching Two New Innovations

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Site Profile & Oversight Tool (SPOT) and Intelligent Medical Coding (IMC) unveiled by RBQM innovator at DIA Global Annual Meeting 2024
KING OF PRUSSIA, Pa., June 17, 2024 /PRNewswire/ — CluePoints, provider of leading statistical and AI-driven software solutions, will unveil two of its latest advanced, deep learning technology innovations at the DIA Global Annual Meeting 2024. Both solutions deliver groundbreaking enterprise platform transformations providing Sponsors and CROs with a smarter way to conduct clinical research and detect and manage risks that could impact clinical trial outcomes.

Taking RBQM to a new level, CluePoints’ Site Profile & Oversight Tool (SPOT) delivers adaptive site monitoring, enabling teams to swiftly pinpoint anomalies and translate insights into strategies and actions. Sponsors and CROs can improve their ability to evaluate the performance of clinical trial sites and adjust site visit plans more effectively and efficiently while accurately balancing risk and resource workload.
Further streamlining processes, CluePoints’ Intelligent Medical Coding solution harnesses advanced deep learning technology to enhance the accuracy and efficiency of coding in clinical trials. It seamlessly integrates with existing systems to offer precise, AI-generated coding suggestions, drastically reducing the need for manual dictionary searches and costly coding reviews, freeing up valuable resources and ensuring uniformity across all coded data.
Andy Cooper, CEO of CluePoints, said: “DIA offers the perfect opportunity to share with the industry our latest disruptive and innovative solutions that address key challenges within traditional clinical research methods. Unveiling two new products that leverage next generation AI will transform how CluePoints is viewed in the industry, as we enhance our enterprise-wide solutions to reach new levels of accuracy and efficiency to both improve clinical trial performance and deliver greater insights to further mitigate risk. Our early adopters are already raving about how valuable they are finding both product offerings and we are excited to showcase how they will shape future processes and embody our brand promise to ‘turn artificial intelligence into human intelligence.”
With over 9,500 users engaged with CluePoints’ enterprise platform, to date over 1,600 studies have been de-risked and over 142,000 issues detected.
Visitors to the CluePoints’ DIA Global exhibition booth #1301 will have the opportunity to meet with subject matter experts and see demonstrations of both new platform solutions.
CluePoints also invites DIA attendees to join them at 3pm on Tuesday, June 18th, for a special toast at their booth to celebrate the latest innovations.  
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com.
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of artificial intelligence using advanced statistics and machine learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
 

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ComplyCube Launches Trust Center with the Most Complete Compliance Posture in the Market

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LONDON, June 17, 2024 /PRNewswire/ — ComplyCube, a RegTech100 global leader in identity verification and compliance solutions, proudly announces the launch of its comprehensive Trust Center. This new initiative emphasizes ComplyCube’s unrivaled compliance posture, redefining security and privacy for IDV, KYC, and AML platforms. With over fifty continuously monitored controls, the AI-powered SaaS leads the way in ensuring clients stay ahead of international regulations and standards.

The Trust Center provides real-time updates on security measures, compliance statuses, and operational transparency, empowering clients to meet regulatory requirements confidently and allowing them to view ComplyCube’s compliance posture on demand. This platform is engineered to enhance transparency, build trust, and streamline compliance processes for organizations worldwide.
ComplyCube unveils its unrivaled compliance posture, redefining security and privacy for IDV, KYC, and AML platforms. With over fifty continuously monitored controls, ComplyCube leads the way in ensuring clients stay ahead of international regulations and standards.
Key Features of the Trust Center:
Real-Time Compliance Dashboard: Live updates on compliance metrics and security statuses.Comprehensive Resource Hub: Access to essential documents, certifications, and regulatory guidelines.Incident Reporting and Tracking: Full transparency in reporting and monitoring security incidents.Tarek Nechma, CEO of ComplyCube, remarked, “The launch of the Trust Center marks a pivotal milestone in our mission to build trust at scale and deliver state-of-the-art compliance solutions. This platform will empower our clients to navigate the complexities of regulatory landscapes with confidence.”
Non-compliance costs are 2.71 times higher than the costs of maintaining or meeting compliance requirements. Another study indicates that companies with strong compliance programs can reduce incident costs by up to 30%. On top of this, 84% of businesses encounter compliance challenges that can lead to significant financial and reputational damage. ComplyCube’s Trust Center aims to further mitigate these risks by providing tools that help businesses maintain and improve their compliance posture.
Mohamed Alsalehi, CTO of ComplyCube, stated, “We design our systems to be compliant by design with the stringent laws and regulations. This proactive approach ensures our clients can meet and exceed compliance requirements effortlessly.”
Joshua Dent, Business & Partnerships Manager, added, “The Trust Center showcases ComplyCube’s adherence to a multitude of globally recognized standards and data protection regulations. Clients and partners can find answers to many of their data protection questions, view active controls, and request documents to fulfill due diligence. It’s fantastic to see this go live following our latest certifications, such as UK DIATF, ISO 9001, PAD Level 2, and ISO 27001:2022 upgrade.”
ComplyCube continues to set industry standards with its innovative solutions, and the Trust Center’s launch underscores its mission to support businesses in achieving compliance excellence.
For more information about the Trust Center, visit ComplyCube Trust Center.
About ComplyCubeComplyCube is a leading provider of identity verification and compliance solutions, helping organizations across various sectors secure their operations and meet regulatory requirements. With a focus on innovation and customer satisfaction, ComplyCube delivers reliable and efficient services that empower businesses to thrive in a complex regulatory environment.
About VantaVanta is a leading trust management platform that automates compliance and streamlines security reviews for SaaS businesses. It helps companies manage risk and prove security in real-time, ensuring adherence to global standards and data protection regulations. With Vanta’s Trust Center, businesses can efficiently manage compliance processes and demonstrate their commitment to security and trust.
 
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