Virtual Tour Growth: Key Statistics from Recent Years
Virtual Tours have experienced significant growth in recent years, with their usage expanding across various sectors such as tourism, real estate, education, and healthcare.
These statistics highlight the importance and ongoing growth of virtual tours, which influence and enrich many sectors of modern society and the economy.
These statistics highlight the importance and ongoing growth of virtual tours, which influence and enrich many sectors of modern society and the economy.
Rapid Growth Through Statistical Data of Recent Years
Market Growth: The size of the global virtual tours market is expected to grow from approximately $1 billion in 2023 to nearly $18 billion by 2035, with an annual growth rate (CAGR) of around 28% (Future Insights) (Digital CxO). This growth is driven by the increased demand for virtual experiences following the COVID-19 pandemic, as well as technological advancements in virtual and augmented reality (VR/AR).
Real Estate: In the real estate sector, virtual tours have significantly impacted the buying process. Nearly 54% of home buyers do not even consider visiting a property if it does not include a virtual tour, while 75% of their decision is influenced by such a tour (Digital in the Round) (PhotoUp). Additionally, properties that include virtual tours sell on average 31% faster and at a price 9% higher than those without.
Real Estate: In the real estate sector, virtual tours have significantly impacted the buying process. Nearly 54% of home buyers do not even consider visiting a property if it does not include a virtual tour, while 75% of their decision is influenced by such a tour (Digital in the Round) (PhotoUp). Additionally, properties that include virtual tours sell on average 31% faster and at a price 9% higher than those without.
The Evolution of Virtual Tours: Growth Statistics
Tourism: In tourism, virtual tours have become popular as a tool to attract tourists who cannot physically travel to a destination. With the help of VR technology, users can explore tourist destinations from the comfort of their homes, with the virtual tourism market expected to reach $12.3 billion by 2023 (Allied Market Research).
Education and Healthcare: Virtual tours are also used in education, offering students the opportunity to explore museums and cultural sites remotely. In healthcare, they enhance transparency and trust between patients and providers by offering virtual tours of medical facilities (Allied Market Research) (Digital CxO).
Education and Healthcare: Virtual tours are also used in education, offering students the opportunity to explore museums and cultural sites remotely. In healthcare, they enhance transparency and trust between patients and providers by offering virtual tours of medical facilities (Allied Market Research) (Digital CxO).
Tags:
