Arand

Metaverse market in travel and tourism industry 2022-2026: A descriptive analysis of parent market, five forces model, market dynamics, and segmentation- Technavio

Retrieved on: 
Thursday, December 15, 2022
Travel, Arand, Interpretation, Software, Environment, VR, Privacy, Geography, Investment, Growth, XR, Tourism, USD, Organization, Rail freight transport, Creative industries, Online shopping, Video game console, Metaverse, Blockchain

Based on geography, the global metaverse market in travel and tourism industry is segmented into North America, Europe, APAC, South America, and Middle East and Africa.

Key Points: 
  • Based on geography, the global metaverse market in travel and tourism industry is segmented into North America, Europe, APAC, South America, and Middle East and Africa.
  • Wearable technology platforms will likely enhance the utility of AR in the global metaverse market in travel and tourism industry.
  • The privacy and security concerns over metaverse will be a major challenge for the metaverse market in travel and tourism industry during the forecast period.
  • Therefore, privacy concerns are a significant challenge in the global metaverse market in travel and tourism industry.

AR and VR Market is Set to Progress at a CAGR of 46% from 2020 to 2025 - Technavio

Retrieved on: 
Friday, September 2, 2022
Microsoft, Augmented reality, Sony, Snap Inc., Technology, VR, Alphabet Inc., Solution, USD, AR, Education, Facebook, Inc., Arand, HP Inc., Virtual reality, Growth, Life, Adoption, Video game console

The increasing demand for ARand VR technology is notably driving the augmented reality (AR) and virtual reality (VR) market growth,although factors such as high development costs associated with AR and VR apps may impede the market growth.

Key Points: 
  • The increasing demand for ARand VR technology is notably driving the augmented reality (AR) and virtual reality (VR) market growth,although factors such as high development costs associated with AR and VR apps may impede the market growth.
  • Moreover, the adoption of various business strategies by vendors is one of the key trends supporting the augmented reality (AR) and virtual reality (VR) market share growth.
  • The augmented reality (AR) and virtual reality (VR) market is fragmented and the vendors are deployingorganic and inorganic growth strategiesto compete in the market.
  • The value chain of theaugmented reality (AR) and virtual reality (VR) market includes the following core components: