Augmented Reality & Virtual Reality Market for Tourism Industry

Augmented Reality could transform the way you travel. If you have technology that supports augmented/ virtual reality such as a mobile device or a headset, then you can gain information about the places you visit, when you are there. Moreover, some applications may provide you a virtual tour before you go to a place, which may influence your decision.

What is Augmented Reality & Virtual Reality?

Augmented Reality is an “enhanced” version of reality created using technology to add images, information or both into the environment. Virtual Reality is a form of simulated environment created with computer technology. Although similar in concepts, Augmented Reality has been in use for some time, especially in the sports industry.

What are the applications of Augmented & Virtual Reality in the Tourism Industry?

The tourism industry will face a new change when augmented reality comes into mainstream use. App developers could create their own tours and may allow the AR/VR content to be purchased through an online medium. Using Virtual Reality, tourists may be able to visualize monuments and points of interest and how they appeared in the centuries before, or in different seasons. The technology allows tourists to discover places and allow locals to re-discover places in a country.

Market Research & Market Trends:

• Augmented Reality is currently helping people decide upon where to go and prevents them from getting lost. In the future, virtual reality could be used to allow people to see points of interest such as amusement parks and theatres before they decide.
• Virtual reality tours in the future could allow people to see locations in different seasons and in the past, and may change their traveling plans. These tours could help people discover new places to see, and allow locals to re-discover their hometowns.
• Virtual reality tours of places may begin to allow you to create your own movies in different environments. These movies may not require sophisticated technology possessed by movie making studios in the future.
• These tours can also simulate journeys by different vehicles and their benefits. People may choose their preferred mode of travel in a city with new parameters besides cost and convenience.

Who are the key players for Augmented & Virtual Reality in Tourism Industry?

The key players for augmented & virtual reality in the tourism industry are Google, Go Meta, Valve and others.

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