"Smart Strategies, Giving Speed to your Growth Trajectory"

Middle East & Africa Virtual Tour Software Market Size, Share & COVID-19 Impact Analysis, By Deployment (Cloud and On-premise), By End-user (Real Estate, Education, Tourism & Hospitality, Automotive, and Others), and Regional Forecast, 2023-2030

Last Updated: November 04, 2024 | Format: PDF | Report ID: FBI107379

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The Middle East & Africa is one of the potential markets in the global virtual tour software market. It is projected to grow at a CAGR of 11.6% during the forecast period. 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.


Growing demand for the adoption of virtual and augmented reality technology across different industries and rising deployments of VR technology in the aerospace and AEC industries help to enhance the 3D visualization abilities of visitors, which, in turn, will help to increase the Middle East & Africa virtual tour software market share during the forecast period.


LATEST TRENDS


Increasing Technological Advancements and Usage of Smart Devices to Propel the Market Growth


The rapid adoption of new technologies, such as virtual reality, cloud computing, blockchain, IoT, drones, and 3D tours, in the real estate industry helps to construct the property in an efficient manner, which helps to empower the sale of the real estate industry. Similarly, the growing usage of smartphones and other smart devices increases the global reach of the customer, which is expected to have a massive impact on the Middle East & Africa virtual tour software market growth during the forecast period.


DRIVING FACTORS


Rising Number of Virtual Reality Startups Accelerate Market Growth


The rising focus of the Middle East & African companies to provide innovative software and services across different end-use industries using VR technology helps to fulfill the demands of regional customers. Thus, increasing penetration of VR software providers enables virtual content delivery to customers via various digital tools, which helps to boost the demand for virtual reality startups in the region.


RESTRAINING FACTORS


High Data Security Issues to Limit the Market Growth 


Open access to Google Maps and public information about the location can display the visitor's identity, which may negatively impact the market. The access provided by virtual tour software providers to every visitor has risen in data security issues in the last few years. Growing data breach cases due to increasing cyber security issues also limits the market's growth during the forecast period.


KEY INDUSTRY PLAYERS


In terms of the competitive landscape, RTV Inc., Matterport, Inc., and Shof360 are the key players of the Middle East & Africa market, due to strong end-user offerings, active involvement in R&D investments for the acceleration of end-user launches and approvals in the forecast period.


LIST OF KEY COMPANIES PROFILED:



  • 360emirates (U.A.E.)

  • RTV Inc. (U.A.E.)

  • Matter Software, Ltd. (Israel)

  • Matterport, Inc. (U.A.E.)

  • CloudPano (Saudi Arabia)

  • Shof360 (Saudi Arabia)

  • Virtual-Tour.co.za (South Africa)


KEY INDUSTRY DEVELOPMENTS:



  • May 2021: The Ministry of Culture in collaboration with the Ministry of Communications and Information Technology launched the National Museum Virtual Tour Platform for providing virtual tour experience to the visitors represented by Saudi Museums Commission.

  • December 2021: Matterport, Inc. collaborated with real estate sales and marketing provider, Nodalview to offer virtual experience to enhance real estate sales.


REPORT COVERAGE


The research report provides qualitative and quantitative insights on the market and a detailed analysis of the Middle East & Africa market size & growth rate for all possible segments in the market. Along with the Middle East & Africa virtual tour software market forecast, the report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are overview of the number of procedures, an overview of price analysis of types of end-users, overview of the regulatory scenario by key countries, pipeline analysis, new end-user launches, key industry developments – mergers, acquisitions & partnerships and, the impact of COVID-19 on the market.


Report Scope & Segmentation






















































  ATTRIBUTE

  DETAILS

Study Period

2019-2030

Base Year

2022

Estimated Year

2023

Forecast Period

2023-2030

Historical Period

2019-2021

Growth Rate

CAGR of 11.6% from 2023 to 2030

Unit

Value (USD million)

Segmentation

By Deployment, End-user, and Country/Sub-Region

By Deployment

  • Cloud

  • On-premise

By End-user

  • Real Estate

  • Education

  • Tourism & Hospitality

  • Automotive

  • Others (Healthcare etc.)

By Country/Sub-Region

  • Turkey

  • Israel

  • GCC

  • North Africa

  • South Africa

  • Rest of Middle East & Africa

 





Frequently Asked Questions

Growing at a CAGR of 11.6%, the market will exhibit steady growth in the forecast period (2023-2030).

Rising number of virtual reality startups accelerates the market growth.

RTV Inc., Matterport, Inc., Matter Software, Ltd., and Shof360 are the major players in the Middle East & Africa market.

GCC dominated the market share in 2022.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts Speak to an Expert
Key Questions Answer REQUEST SAMPLE
Why to Choose Fortune Business Insights SPEAK TO ANALYST
Middle East & Africa Virtual Tour Software Market Report
  • 2019-2030
  • 2022
  • 2019-2021
  • 55
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X