The North America Virtual Tour Market would witness market growth of 29.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Virtual Tour Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,818.1 million by 2031. The Canada market is experiencing a CAGR of 31.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 30.8% during (2024 - 2031).
This market has witnessed substantial growth in recent years, driven by advancements in immersive technology, increasing demand for remote experiences, and broadening applications across various industries. These tours allow users to explore spaces, locations, or objects interactively without physically being there. Leveraging technologies such as 360-degree photography, 3D modelling, augmented reality (AR), and virtual reality (VR), these tours have transformed how businesses engage with customers and how individuals experience environments.
In addition, these tours are widely used across various industries, tailoring the technology to meet specific needs. These tours have revolutionized real estate marketing, enabling potential buyers and renters to explore properties remotely. They provide a detailed and immersive view of properties, saving time for realtors and clients. Features like interactive floor plans, zoom capabilities, and embedded multimedia enhance user engagement and decision-making.
In Mexico, the real estate and rental sectors contributed significantly to the economy, generating a gross domestic product (GDP) of $2.66 trillion MX in the third quarter of 2023. This represents a growth of 2% compared to the previous quarter and 5.55% compared to the same period in the prior year. This growth indicates a robust demand for real estate, both for residential and commercial properties, creating a natural opportunity for these tours. Also, e-commerce has been steadily growing in Canada, with its share of total retail sales rising from 3.9% in 2021 to 6.2% in 2022. The e-commerce industry is expected to reach USD 40.3 billion in sales by 2025. This growth indicates a shift toward online shopping, where virtual experiences are crucial in enhancing the customer journey. In particular, these tours are gaining traction in the Canadian e-commerce space, particularly in industries like real estate, fashion, and retail. Thus, the rising real estate sector in Mexico and the expanding e-commerce sector in Canada are driving factors for the growth of the virtual tour market in both countries.
Free Valuable Insights: The Virtual Tour Market is Predict to reach USD 7.35 Billion by 2031, at a CAGR of 29.8%
Based on Technology, the market is segmented into Semi & Fully Immersive, and Non-immersive. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Application, the market is segmented into Real Estate, Tourism & Hospitality, Art Galleries & Museums, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Matterport, Inc.
- Kuula, Inc.
- RTV, Inc.
- Concept3D, Inc.
- Eye Revolution Ltd.
- CloudPano
- Eyespy360 Ltd.
- Blue Raven Studios
- 360 Pano VR Solutions Private Limited
North America Virtual Tour Market Report Segmentation
By Technology
- Semi & Fully Immersive
- Non-immersive
By Component
- Hardware
- Software
- Services
By Application
- Real Estate
- Tourism & Hospitality
- Art Galleries & Museums
- Other Application
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Virtual Tour Market, by Technology
1.4.2 North America Virtual Tour Market, by Component
1.4.3 North America Virtual Tour Market, by Application
1.4.4 North America Virtual Tour Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Virtual Tour Market by Technology
4.1 North America Semi & Fully Immersive Market by Region
4.2 North America Non-immersive Market by Region
Chapter 5. North America Virtual Tour Market by Component
5.1 North America Hardware Market by Country
5.2 North America Software Market by Country
5.3 North America Services Market by Country
Chapter 6. North America Virtual Tour Market by Application
6.1 North America Real Estate Market by Country
6.2 North America Tourism & Hospitality Market by Country
6.3 North America Art Galleries & Museums Market by Country
6.4 North America Other Application Market by Country
Chapter 7. North America Virtual Tour Market by Country
7.1 US Virtual Tour Market
7.1.1 US Virtual Tour Market by Technology
7.1.2 US Virtual Tour Market by Component
7.1.3 US Virtual Tour Market by Application
7.2 Canada Virtual Tour Market
7.2.1 Canada Virtual Tour Market by Technology
7.2.2 Canada Virtual Tour Market by Component
7.2.3 Canada Virtual Tour Market by Application
7.3 Mexico Virtual Tour Market
7.3.1 Mexico Virtual Tour Market by Technology
7.3.2 Mexico Virtual Tour Market by Component
7.3.3 Mexico Virtual Tour Market by Application
7.4 Rest of North America Virtual Tour Market
7.4.1 Rest of North America Virtual Tour Market by Technology
7.4.2 Rest of North America Virtual Tour Market by Component
7.4.3 Rest of North America Virtual Tour Market by Application
Chapter 8. Company Profiles
8.1 Matterport, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expenses
8.2 Kuula, Inc.
8.2.1 Company Overview
8.3 RTV, Inc.
8.3.1 Company Overview
8.4 Concept3D, Inc.
8.4.1 Company Overview
8.5 Eye Revolution Ltd.
8.5.1 Company Overview
8.6 CloudPano
8.6.1 Company Overview
8.7 EyeSpy360 Ltd.
8.7.1 Company Overview
8.8 Blue Raven Studios
8.8.1 Company Overview
8.9 360Pano VR Solutions Private Limited
8.9.1 Company Overview
TABLE 1 North America Virtual Tour Market, 2020 - 2023, USD Million
TABLE 2 North America Virtual Tour Market, 2024 - 2031, USD Million
TABLE 3 North America Virtual Tour Market by Technology, 2020 - 2023, USD Million
TABLE 4 North America Virtual Tour Market by Technology, 2024 - 2031, USD Million
TABLE 5 North America Semi & Fully Immersive Market by Region, 2020 - 2023, USD Million
TABLE 6 North America Semi & Fully Immersive Market by Region, 2024 - 2031, USD Million
TABLE 7 North America Non-immersive Market by Region, 2020 - 2023, USD Million
TABLE 8 North America Non-immersive Market by Region, 2024 - 2031, USD Million
TABLE 9 North America Virtual Tour Market by Component, 2020 - 2023, USD Million
TABLE 10 North America Virtual Tour Market by Component, 2024 - 2031, USD Million
TABLE 11 North America Hardware Market by Country, 2020 - 2023, USD Million
TABLE 12 North America Hardware Market by Country, 2024 - 2031, USD Million
TABLE 13 North America Software Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Software Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Services Market by Country, 2020 - 2023, USD Million
TABLE 16 North America Services Market by Country, 2024 - 2031, USD Million
TABLE 17 North America Virtual Tour Market by Application, 2020 - 2023, USD Million
TABLE 18 North America Virtual Tour Market by Application, 2024 - 2031, USD Million
TABLE 19 North America Real Estate Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Real Estate Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Tourism & Hospitality Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Tourism & Hospitality Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Art Galleries & Museums Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Art Galleries & Museums Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Other Application Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Other Application Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Virtual Tour Market by Country, 2020 - 2023, USD Million
TABLE 28 North America Virtual Tour Market by Country, 2024 - 2031, USD Million
TABLE 29 US Virtual Tour Market, 2020 - 2023, USD Million
TABLE 30 US Virtual Tour Market, 2024 - 2031, USD Million
TABLE 31 US Virtual Tour Market by Technology, 2020 - 2023, USD Million
TABLE 32 US Virtual Tour Market by Technology, 2024 - 2031, USD Million
TABLE 33 US Virtual Tour Market by Component, 2020 - 2023, USD Million
TABLE 34 US Virtual Tour Market by Component, 2024 - 2031, USD Million
TABLE 35 US Virtual Tour Market by Application, 2020 - 2023, USD Million
TABLE 36 US Virtual Tour Market by Application, 2024 - 2031, USD Million
TABLE 37 Canada Virtual Tour Market, 2020 - 2023, USD Million
TABLE 38 Canada Virtual Tour Market, 2024 - 2031, USD Million
TABLE 39 Canada Virtual Tour Market by Technology, 2020 - 2023, USD Million
TABLE 40 Canada Virtual Tour Market by Technology, 2024 - 2031, USD Million
TABLE 41 Canada Virtual Tour Market by Component, 2020 - 2023, USD Million
TABLE 42 Canada Virtual Tour Market by Component, 2024 - 2031, USD Million
TABLE 43 Canada Virtual Tour Market by Application, 2020 - 2023, USD Million
TABLE 44 Canada Virtual Tour Market by Application, 2024 - 2031, USD Million
TABLE 45 Mexico Virtual Tour Market, 2020 - 2023, USD Million
TABLE 46 Mexico Virtual Tour Market, 2024 - 2031, USD Million
TABLE 47 Mexico Virtual Tour Market by Technology, 2020 - 2023, USD Million
TABLE 48 Mexico Virtual Tour Market by Technology, 2024 - 2031, USD Million
TABLE 49 Mexico Virtual Tour Market by Component, 2020 - 2023, USD Million
TABLE 50 Mexico Virtual Tour Market by Component, 2024 - 2031, USD Million
TABLE 51 Mexico Virtual Tour Market by Application, 2020 - 2023, USD Million
TABLE 52 Mexico Virtual Tour Market by Application, 2024 - 2031, USD Million
TABLE 53 Rest of North America Virtual Tour Market, 2020 - 2023, USD Million
TABLE 54 Rest of North America Virtual Tour Market, 2024 - 2031, USD Million
TABLE 55 Rest of North America Virtual Tour Market by Technology, 2020 - 2023, USD Million
TABLE 56 Rest of North America Virtual Tour Market by Technology, 2024 - 2031, USD Million
TABLE 57 Rest of North America Virtual Tour Market by Component, 2020 - 2023, USD Million
TABLE 58 Rest of North America Virtual Tour Market by Component, 2024 - 2031, USD Million
TABLE 59 Rest of North America Virtual Tour Market by Application, 2020 - 2023, USD Million
TABLE 60 Rest of North America Virtual Tour Market by Application, 2024 - 2031, USD Million
TABLE 61 Key Information – Matterport, Inc.
TABLE 62 Key Information – Kuula, Inc.
TABLE 63 Key Information – RTV, Inc.
TABLE 64 Key Information – Concept3D, Inc.
TABLE 65 Key Information – Eye Revolution Ltd.
TABLE 66 Key Information – CloudPano
TABLE 67 Key Information – EyeSpy360 Ltd.
TABLE 68 Key Information – Blue Raven Studios
TABLE 69 Key Information – 360Pano VR Solutions Private Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Virtual Tour Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Virtual Tour Market
FIG 4 Porter’s Five Forces Analysis – Virtual Tour Market
FIG 5 North America Virtual Tour Market share by Technology, 2023
FIG 6 North America Virtual Tour Market share by Technology, 2031
FIG 7 North America Virtual Tour Market by Technology, 2020 - 2031, USD Million
FIG 8 North America Virtual Tour Market share by Component, 2023
FIG 9 North America Virtual Tour Market share by Component, 2031
FIG 10 North America Virtual Tour Market by Component, 2020 - 2031, USD Million
FIG 11 North America Virtual Tour Market share by Application, 2023
FIG 12 North America Virtual Tour Market share by Application, 2031
FIG 13 North America Virtual Tour Market by Application, 2020 - 2031, USD Million
FIG 14 North America Virtual Tour Market share by Country, 2023
FIG 15 North America Virtual Tour Market share by Country, 2031
FIG 16 North America Virtual Tour Market by Country, 2020 - 2031, USD Million
