NEW YORK, Nov. 16, 2022 /PRNewswire/ — The metaverse market in the travel and tourism industry size is set to grow by USD 188.24 billion from 2021 to 2026 at a CAGR of 26.01%, according to Technavio. 37% of the growth will originate from North America. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Request a Free Sample Report.
Metaverse Market 2022-2026: Driver
Technavio has announced its latest market research report titled Global Metaverse Market in Travel and Tourism Industry 2022-2026
The growing demand for AR and VR technologies is one of the main factors boosting the metaverse market in the travel and tourism sector. Customers are embracing VR and AR technologies more and more, whether for personal or business use. Unlike typical VR programs, Metaverse is a hybrid reality (combination of AR/VR) offering unrestricted access. During the projection period, technological advancements will further fuel demand for AR and VR apps since these applications will make it easier for people to use the technology. Platforms for wearable technology will probably increase the use of augmented reality in the worldwide metaverse market for the travel and tourism sector. Download a Free Sample Report.
Metaverse Market 2022-2026: Challenges
During the projection period, the metaverse market in the travel and tourism industry will face significant challenges related to privacy and security. Although businesses and organizations continue to innovate their IT security systems, users of the metaverse have long been concerned about data privacy and security. The metaverse gathers and analyses enormous volumes of data about users and their surroundings. As a result, privacy issues pose a serious problem for the travel and tourism sector in the global metaverse market.
Metaverse Market 2022-2026: Segmentation
By Application
AR
The development of the market is anticipated to be fueled by elements including the introduction of new products and the increasing use of augmented reality in various applications, including the metaverse. During the projection period, the segment’s growth will be driven by the growing applications of AR to enhance local transit and the growing use of AR-infused navigation for technological destination tours.
Blockchain
VR
MR
XR
By Geography
North America
North America will account for 37% of market growth. The main markets for metaverse in the travel and tourist sector in North America are the US and Canada. The market in this region will grow more quickly than the markets in South America and the Middle East and Africa. The travel and tourism industry in North America will benefit from growing investments in augmented reality technology from major vendors, rising consumer adoption of technologically sophisticated applications, and active research into expanding the use of the metaverse.
Europe
APAC
South America
Middle East And Africa
Learn more about the factors assisting the growth of the market, Buy a sample report.
Metaverse Market in Travel and Tourism Industry 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist the metaverse market in travel and tourism industry growth during the next five years
Estimation of the metaverse market in the travel and tourism industry size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the metaverse market in the travel and tourism industry
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the metaverse market in travel and tourism industry vendors
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Metaverse Market In Travel And Tourism Industry Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 26.01% |
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Market growth 2022-2026 |
$188.24 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
25.34 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 37% |
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Key consumer countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Accenture Plc, ALTERATION INDORUSSIA.COM, Ariva Digital, Infosys Ltd., LynKey International Ltd., Marriott International Inc., Mytaverse Inc., Powerbridge Technologies Co. Ltd., Qatar Airways Group, Queppelin, and Wilkins Avenue AR |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
1.1 Market Overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Application
5.1 Market segments
Exhibit 24: Chart on Application – Market share 2021-2026 (%)
Exhibit 25: Data Table on Application – Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application
5.3 AR – Market size and forecast 2021-2026
Exhibit 28: Chart on AR – Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on AR – Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on AR – Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on AR – Year-over-year growth 2021-2026 (%)
5.4 Blockchain – Market size and forecast 2021-2026
Exhibit 32: Chart on Blockchain – Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Blockchain – Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Blockchain – Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Blockchain – Year-over-year growth 2021-2026 (%)
5.5 VR – Market size and forecast 2021-2026
Exhibit 36: Chart on VR – Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on VR – Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on VR – Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on VR – Year-over-year growth 2021-2026 (%)
5.6 MR – Market size and forecast 2021-2026
Exhibit 40: Chart on MR – Market size and forecast 2021-2026 ($ million)
Exhibit 41: Data Table on MR – Market size and forecast 2021-2026 ($ million)
Exhibit 42: Chart on MR – Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on MR – Year-over-year growth 2021-2026 (%)
5.7 XR – Market size and forecast 2021-2026
Exhibit 44: Chart on XR – Market size and forecast 2021-2026 ($ million)
Exhibit 45: Data Table on XR – Market size and forecast 2021-2026 ($ million)
Exhibit 46: Chart on XR – Year-over-year growth 2021-2026 (%)
Exhibit 47: Data Table on XR – Year-over-year growth 2021-2026 (%)
5.8 Market opportunity by Application
Exhibit 48: Market opportunity by Application ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 50: Chart on Market share by geography 2021-2026 (%)
Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 52: Chart on Geographic comparison
Exhibit 53: Data Table on Geographic comparison
7.3 North America – Market size and forecast 2021-2026
Exhibit 54: Chart on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on North America – Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on North America – Year-over-year growth 2021-2026 (%)
7.4 Europe – Market size and forecast 2021-2026
Exhibit 58: Chart on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Europe – Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Europe – Year-over-year growth 2021-2026 (%)
7.5 APAC – Market size and forecast 2021-2026
Exhibit 62: Chart on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on APAC – Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on APAC – Year-over-year growth 2021-2026 (%)
7.6 South America – Market size and forecast 2021-2026
Exhibit 66: Chart on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on South America – Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on South America – Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa – Market size and forecast 2021-2026
Exhibit 70: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
7.8 US – Market size and forecast 2021-2026
Exhibit 74: Chart on US – Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on US – Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on US – Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on US – Year-over-year growth 2021-2026 (%)
7.9 China – Market size and forecast 2021-2026
Exhibit 78: Chart on China – Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on China – Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on China – Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on China – Year-over-year growth 2021-2026 (%)
7.10 Germany – Market size and forecast 2021-2026
Exhibit 82: Chart on Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on Germany – Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Germany – Year-over-year growth 2021-2026 (%)
7.11 Canada – Market size and forecast 2021-2026
Exhibit 86: Chart on Canada – Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on Canada – Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on Canada – Year-over-year growth 2021-2026 (%)
7.12 UK – Market size and forecast 2021-2026
Exhibit 90: Chart on UK – Market size and forecast 2021-2026 ($ million)
Exhibit 91: Data Table on UK – Market size and forecast 2021-2026 ($ million)
Exhibit 92: Chart on UK – Year-over-year growth 2021-2026 (%)
Exhibit 93: Data Table on UK – Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 94: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 95: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 97: Overview on factors of disruption
9.4 Industry risks
Exhibit 98: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
Exhibit 99: Vendors covered
10.2 Market positioning of vendors
Exhibit 100: Matrix on vendor position and classification
10.3 Accenture Plc
Exhibit 101: Accenture Plc – Overview
Exhibit 102: Accenture Plc – Business segments
Exhibit 103: Accenture Plc – Key news
Exhibit 104: Accenture Plc – Key offerings
Exhibit 105: Accenture Plc – Segment focus
10.4 Ariva Digital
Exhibit 106: Ariva Digital – Overview
Exhibit 107: Ariva Digital – Product / Service
Exhibit 108: Ariva Digital – Key offerings
10.5 Infosys Ltd.
Exhibit 109: Infosys Ltd. – Overview
Exhibit 110: Infosys Ltd. – Business segments
Exhibit 111: Infosys Ltd. – Key news
Exhibit 112: Infosys Ltd. – Key offerings
Exhibit 113: Infosys Ltd. – Segment focus
10.6 LynKey International Ltd.
Exhibit 114: LynKey International Ltd. – Overview
Exhibit 115: LynKey International Ltd. – Product / Service
Exhibit 116: LynKey International Ltd. – Key offerings
10.7 Marriott International Inc.
Exhibit 117: Marriott International Inc. – Overview
Exhibit 118: Marriott International Inc. – Business segments
Exhibit 119: Marriott International Inc. – Key offerings
Exhibit 120: Marriott International Inc. – Segment focus
10.8 Mytaverse Inc.
Exhibit 121: Mytaverse Inc. – Overview
Exhibit 122: Mytaverse Inc. – Product / Service
Exhibit 123: Mytaverse Inc. – Key offerings
10.9 Powerbridge Technologies Co. Ltd.
Exhibit 124: Powerbridge Technologies Co. Ltd. – Overview
Exhibit 125: Powerbridge Technologies Co. Ltd. – Product / Service
Exhibit 126: Powerbridge Technologies Co. Ltd. – Key offerings
10.10 Qatar Airways Group
Exhibit 127: Qatar Airways Group – Overview
Exhibit 128: Qatar Airways Group – Product / Service
Exhibit 129: Qatar Airways Group – Key offerings
10.11 Queppelin
Exhibit 130: Queppelin – Overview
Exhibit 131: Queppelin – Product / Service
Exhibit 132: Queppelin – Key offerings
10.12 Wilkins Avenue AR
Exhibit 133: Wilkins Avenue AR – Overview
Exhibit 134: Wilkins Avenue AR – Product / Service
Exhibit 135: Wilkins Avenue AR – Key offerings
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 136: Inclusions checklist
Exhibit 137: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 138: Currency conversion rates for US$
11.4 Research methodology
Exhibit 139: Research methodology
Exhibit 140: Validation techniques employed for market sizing
Exhibit 141: Information sources
11.5 List of abbreviations
Exhibit 142: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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