The Metaverse Market in Travel and Tourism Industry Research Report by Technavio predicts a growth of $188.24 billion – North America will account for the largest share.

new york, September 28, 2022 /PRNewswire/ — The dynamic market in the travel and tourism industry is growing at a CAGR of 26.01% and is expected to register further growth. 188.24 billion dollars Between 2021 and 2026. The report analyzes the market behavior and growth and provides accurate forecasts on the market size.

• The report recognizes the key players in the Metaverse market in the travel and tourism industry: Accenture Plc, ALTERATION INDORUSSIA.COM, Ariva Digital, Infosys Ltd. and LynKey International Ltd. with others.

• The global metaverse market structure in the travel and tourism industry is fragmented in nature.

• North America To have a significant share in the Metaverse market in the travel and tourism industry.

• Market sees a YoY growth of 25.34% by 2022. See a sample report here.

Key parts

of A dynamic market in the travel and tourism industry It is segmented by Application (AR, Blockchain, VR, MR and XR).

The AR segment will generate the highest revenue in the market during the period of its construction. The segment is driven by new product launches and growing adoption of AR in various application areas, including MetaVas.

Regional development analysis

The global dynamic market in the travel and tourism industry is analyzed in five regions: North America, EuropeAPAC, south americaAnd middle east And Africa.

North America It currently dominates the global market with 37 percent. Growing investments in AR technology from key vendors, increasing adoption of technologically advanced applications among consumers, and intensive research efforts to increase immersive applications are driving the growth of the Metaverse market. North America.

Identify potential investment segments and regions during the assessment period. Read the sample report before you buy

Market volatility

The dynamic market in the travel and tourism industry is expected to witness significant growth during the construction period, primarily due to Increasing demand for AR and VR technology. Adoption of virtual reality technologies such as AR and VR has increased dramatically worldwide over the past decade. AR has been widely adopted to provide a wide range of travel and tourism solutions such as interactive hotel elements, VR tours, digital avatars and other solutions to provide customer details about the property and inform customers about the facilities offered to them. Similarly, VR is being adopted in education, entertainment, business and service industries to provide users with unique experiences. Such expansion areas of AR and VR technologies are expected to drive the growth of the market during the forecast period.

The story continues

The report covers information on upcoming trends and challenges that will impact the growth of the market. More information at Downloading a sample report.

The landscape of the supplier

The dynamic market in the travel and tourism industry is fragmented with multiple players and few well-established players. Vendors in the market compete based on several factors such as innovation, price, service, distribution and marketing. Some vendors are focusing on acquiring smaller brands to increase their market presence. The market is in a nascent stage and is expected to witness major entry of pure play technology or other players during the forecast period.

Here are some of the products offered by key suppliers:

Accenture Plc: The company offers unique passenger experiences like XR in travel and tourism.

Arriva Digital: The company offers ARV, a tourism cryptocurrency that eliminates the need to carry cash or debit cards.

Infosys Ltd. The company offers XR, DLT, 5G, AI, IoT with Infosys metaverse foundry.

LynKey International Ltd. The company offers luxury resort and vacation property with blockchain and AI tech. It also offers Holiday Experience NFTs.

With the market information, Technavio offers updates according to the specific needs of companies. The following customization options are available in the Travel & Tourism industry report for the Metavas market.

Regional analysis

Market player information

• Detailed Analysis and Profiles of Additional Market Players, Vendor Segmentation, and Vendor Offerings.

• Know the strategies adopted by sellers during the recovery phase. Buy a report now

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details of the situation:

1 executive summary

2 market landscape

3 market size

4 Five forces analysis

5 Market segmentation by application

6 Customer landscape

7 Geographical landscape

8 Drivers, challenges and trends

9 supplier landscape

10 seller analysis

11 Appendix

• The global dynamic market in the travel and tourism industry is subject to rapidly changing consumer needs and preferences. Changes in consumer purchasing patterns can affect market performance. It can also be affected by consumer preferences, global and regional economic conditions, and various other demographic trends. Changing economic conditions are affecting end-users’ living standards, which can also affect suppliers’ businesses. The market is fragmented with many international and local sellers. Vendors such as LynKey International Ltd., Marriott International Inc., Mytaverse Inc.,

about us

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