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Matterport Inc   (MTTR)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Matterport Inc 's

Competitiveness


 

MTTR Sales vs. its Competitors Q1 2024



Comparing the current results to its competitors, Matterport Inc reported Revenue increase in the 1 quarter 2024 by 4.21 % year on year.
The revenue growth was below Matterport Inc 's competitors' average revenue growth of 13.47 %, achieved in the same quarter.

List of MTTR Competitors





Revenue Growth Comparisons




Net Income Comparison


Matterport Inc , despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 368.77 %

<<  MTTR Stock Performance Comparisons


Matterport Inc 's Comment on Competitors and Industry Peers


We primarily compete with traditional methods of managing buildings and spaces, including 2D photography, paper-based building plans, labor- intensive computer-aided design drawings, and other static methods of visualizing and analyzing properties. We are leading a transformation from offline to an online, data-driven approach to interacting with buildings and spaces. Matterport is a fully automated end-to-end system that turns buildings into robust spatial data and digital twins. Our solution has been developed over the years to deliver consistent, precision results for any building or space. This universality differentiates Matterport from vendors that offer industry-specific and building-specific point solutions geared toward narrow parts of the market.
These point solutions address only a portion of the functionality and value that the Matterport platform provides. For example, traditional virtual tour companies create pre-recorded video tours and photo montages with background music to promote properties online. Such vendors do not capture or produce 3D spatial data for analysis and property insights. Point solution providers also offer targeted solutions for specific markets such as specialized solutions for surveying daily documentation for construction projects, and insurance claims documentation and processing. However, these point solutions do not represent a comprehensive and extensible platform solution with broad applicability to all industries, geographies and vertical markets. Matterport provides a unique platform solution expressly designed to fulfill the needs of managing every building type across the property lifecycle.
We believe the principal competitive factors in our market include:
Scale of data. Our vast spatial data library is a significant competitive advantage. Our spatial data library enhances our solutions and improves the accuracy, dependability and insights available to our subscribers.
Automation and scale of spaces under management. The ability to consistently and accurately create a digital twin of any building or space at scale, thousands of buildings at a time, requires a unique combination of spatial data, data science, and automation of the entire digitization process.
Capture ubiquity. The ability to easily capture spatial data removes friction to adoption and scale. We have created a capture technology platform to democratize 3D capture and eliminate camera hardware dependencies to make it easy and affordable for anyone to adopt Matterport. For example, the Matterport for iPhone launch in May 2020 contributed significantly to our subscriber growth. Easier adoption unlocks the flywheel with our ubiquitous capture strategy.
Open ecosystem. Creating an open ecosystem for our platform is increasingly key to our strategy. An open ecosystem enables enterprises from various verticals to run on top of Matterport?s spatial data layer. Our third party software marketplace has created a platform where developers and partners can tap into our APIs and incorporate Matterport into their own workflows.
Brand recognition. A trusted brand attracts and maintains subscribers. As of December 31, 2021, we served over 503,000 subscribers and we believe we are the clear market leader. We will continue to leverage our leading position and increasing brand awareness to grow our subscriber base and spaces under management. We believe we compete favorably with respect to these factors.



  

Overall company Market Share Q1 2024

Overall company revenue, grew less, than total company revenues, at 4.21 % and company approximately market share, declined to 2.29 %.
<<  More on MTTR Market Share.
 
*Market share is calculated based on total revenue.

  News about Matterport Inc Contracts

Unleashing the Power of Matterport's Digital Twins: From Carbon Reduction to Cultural Preservation

Matterport's Digital Twins: Unleashing the Potential for Carbon Reduction and Cultural PreservationIn a recent press release, Matterport, a leading provider of 3D digital twin technology, unveiled their new reporting tool that showcases the significant carbon emissions savings achieved using their platform. By leveraging aggregate digital property data, Matterport offers detailed insights that highlight the positive environmental impact of their digital twin technology. This article aims to explore the potential of Matterport's digital twin platform in reducing carbon emissions, preserving cultural heritage, and transforming the world of virtual art exhibitions.Matterport's digital twin platform has already ...

Matterport Boosts Franchise Marketing, Restoration Training, and Hospitality Sales

Crunch Fitness Teams Up with Matterport to Revolutionize Franchise Marketing In a groundbreaking move, Crunch Fitness recently announced its partnership with Matterport, a renowned provider of advanced photography services and digital twin technology solutions. The collaboration aims to bring unparalleled assets and enhance brand uniformity among Crunch Fitness' extensive franchise network. Additionally, Matterport's integration with KnowHow, a leading training solutions provider, has revolutionized worker training and onboarding for the restoration sector. Moreover, Visiting Media has joined forces with Matterport to redefine hospitality sales and marketing, creating immersive experiences for thousands of h...

Matterport's Rapid Growth and Innovative Strategies Propel Industry Leadership

Matterport, a leading company in digital twin technology, has recently achieved a significant milestone by surpassing one million subscribers. Over the past five years, the company has experienced a remarkable 75-fold growth in its subscriber base, highlighting its unparalleled 3D capture ubiquity and SaaS-driven digital twin platform strategy.The proliferation of Matterport's 3D capture technology has played a crucial role in driving its subscriber growth. By enabling users to create immersive virtual replicas of physical spaces, the company has gained widespread adoption for various purposes, ranging from real estate and architecture to digital art exhibitions. Notably, Asia's largest virtual art exhibiti...

Matterport Enhances Real Estate Industry with Sustainable Solutions and AI-Powered Property Intelligence for Enhanced Customer Experiences

Matterport, a leading spatial data and AI technology company, continues to push the boundaries of innovation with the launch of their latest offerings. The company aims to transform the real estate and property management landscape through advanced technology, sustainability, and immersive experiences.The introduction of an All-in-One Carry Case for the Pro3 Camera is a significant step towards enhancing convenience and portability for customers while reducing the carbon footprint. By optimizing the camera's packability, Matterport and its partners are now able to lower shipping emissions, contributing to a greener and more sustainable supply chain. This move aligns with the company's commitment to environme...

Matterport Unveils Property Intelligence: Propelling Real Estate into an AI-Driven Future

Matterport Launches Property Intelligence: Revolutionizing Real Estate and Property Management with AI and AutomationMatterport Inc, a leading company in spatial data and AI innovation, has recently unveiled its new suite of AI-powered features, known as Property Intelligence. This groundbreaking technology is set to transform property analytics and enhance various aspects of the real estate industry, including Marketing, Design, Construction, and Facilities Management solutions.Leveraging years of expertise in spatial data and AI, Matterport's new suite of AI-powered features symbolizes a significant leap forward in the industry. By harnessing the power of artificial intelligence and automation, Matterport ...

Matterport's Digital Twin Platform: Pioneering a Paradigm Shift in Modern Workspaces and Changing the Face of Real Estate Experience

Sophisticated Matterport's Digital Twin Platform: Revolutionizing the Future of Modern Workspaces and Real Estate ExperienceIn today?s rapidly evolving digital landscape, the real estate industry is undergoing a transformation with new technological advancements. Matterport, a leading company in the proptech sector, is at the forefront of this revolution with its innovative digital twin platform. Through a combination of virtual staging, developer tools, and Matterport's digital twins, the company offers commercial property tenants an immersive experience for visualizing prospective spaces like never before.VRPM (Virtual Real Property Management), a pioneer in the virtual real estate market, has harnessed t...

The Ivy Collection Enhances Guest Experiences with Matterport's 3D Technology, Despite Financial Challenges

Renowned for its exceptional dining experiences, The Ivy Collection, a prestigious chain of restaurants, has recently taken a significant step to enhance its clients' experience. The Ivy Collection has partnered with Matterport, a leading provider of 3D digital twin technology, to transform the way customers preview private dining spaces. This venture demonstrates The Ivy Collection's commitment to incorporating innovative solutions to elevate customer satisfaction and drive sustainable growth.Matterport's industry-leading 3D digital twin technology allows potential clients to virtually explore private dining spaces before making a reservation. By offering customers an immersive and interactive experience, T...

Unveiling Germany's Krämerbrücke Bridge: A Remarkable Digital Twin Experience by Matterport

Exploring Germany's Historic Krämerbrücke Bridge in Lifelike 3D: A Digital Twin Experience Unveiled by Matterport

The world of augmented reality and digital twins has taken another leap forward with the remarkable achievement by Matterport Inc. With their groundbreaking digital twin platform, they have recreated the iconic Krämerbrücke Bridge in Germany, providing visitors with an extraordinary virtual experience. This immersive technology takes users on a captivating journey through the interior of more than 30 shops, cafes, and businesses that line the 35,000 square foot bridge, making it the largest digital twin in Europe. While Matterport Inc.'s revenue growth for the third quarter of 2023 shows...

Vacasa Partners with Matterport to Redefine Vacation Rentals with Immersive Digital Twin Technology

Vacasa Partners with Matterport to Digitize Vacation Homes and Enhance Customer Experience
In a bid to revolutionize the vacation rental industry, global property management company Vacasa has recently announced a multi-year partnership with Matterport, a leading provider of immersive 3D technology. Under this partnership, Matterport's Property Marketing Solution will be integrated into Vacasa's home onboarding and guest experience for their extensive portfolio of vacation homes across the globe.
Vacasa, widely recognized as a pioneer in the vacation rental market, manages tens of thousands of properties, catering to travelers seeking unique and personalized accommodation experiences. By incorporatin...

Reshaping the Real Estate Industry: Matterport Inc. Leads Proptech Revolution and Achieves Steady Growth



The real estate industry has experienced a remarkable digital transformation in recent years, fueled by the emergence of innovative proptech companies. Among them, Matterport Inc. stands out as a pioneering force, reshaping how people buy, sell, rent, and manage properties in the virtual realm. The firm's noteworthy achievements include being named among Inman's Top Proptech Entrepreneurs in 2023 and reporting a commendable revenue increase in the third quarter. This article delves into the significance of Matterport's central role in propelling the industry online and its promising prospects for the future.
Shifting the Real Estate Landscape:
Matterport Inc. has taken the lead in revolutio...





Who are Matterport Inc 's Competitors?




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