12/18/2023 0 Comments 3ds max educational licenseHence, the usage of advanced technologies, such as 5G and virtual reality, in the travel industry enables people to have a realistic tourism experience in the virtual world. The penetration of VR-based software and 5G networks in the travel industry helps boost sales efficiency by providing a digital sales experience to tourists across the globe, which saves travelers’ time and improves the accessibility of tourism destinations by using VR digital solutions. Surge in Use of 5G and Virtual Reality Technology to Bring Digitalization in Travel Industry to Drive the Market Growth ![]() This factor will drive the adoption of this software in AEC industries in the next few years. According to the virtual and augmented reality association, 40% of buyers confirmed the 3D panoramic tour before making a property purchase decision. Increasing adoption of virtual tour software in the Architecture, Engineering, and Construction (AEC) industries integrated with VR headsets helps real estate agencies to create layouts of large showrooms and entire-scale buildings to provide a clear 3D visual of the property. The rise in technological advancement among different sectors, including hospitality, education, and tourism in countries, such as India, China, and Japan, tends to deliver an immersive interactive experience to the users to increase the Asia Pacific virtual tour software market share.įor instance, Mumbai-based Xanadu Realty has developed a technology interface to provide buyers with a virtual tour of the property and neighborhood.Īdoption of Virtual Tour Software in AEC Industries Offers New Growth Opportunities The global market for virtual tour software is projected to grow from USD 340.7 million in 2022 to USD 941.3 million by 2030. ![]() It is projected to grow at a CAGR of 13.3% during the forecast period. The Asia Pacific virtual tour software market size is the third largest region in the global market.
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