The market is driven by increasing demand for AR and VR technology, growing Internet penetration and implementation of 5G, and the introduction of digital assets in the metaverse
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The metaverse market in travel and tourism market is forecasted to grow by USD 155.17 billion during 2023-2028, accelerating at a CAGR of 26.76% during the forecast period. The report on the metaverse market in travel and tourism market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for AR and VR technology, growing internet penetration and implementation of 5G, and introduction of digital assets in metaverse.
The metaverse market in travel and tourism market is segmented as below:
By Application
- AR
- MR
- Blockchain
- XR
- VR
By Component
- Hardware
- Software
- Services
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the metaverse market in travel and tourism market covers the following areas:
- Metaverse market in travel and tourism market sizing
- Metaverse market in travel and tourism market forecast
- Metaverse market in travel and tourism market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global metaverse market in travel and tourism market: Ariva Digital, Infosys Ltd., LynKey International Ltd., Marriott International Inc., Metaverse Seoul, Qatar Airways, and Rendezverse.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rise in developments in use of metaverse in travel and tourism industry."
According to the report, one of the major drivers for this market is the increasing demand for AR and VR technology.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ariva Digital
- Infosys Ltd.
- LynKey International Ltd.
- Marriott International Inc.
- Metaverse Seoul
- Qatar Airways
- Rendezverse
