The virtual event platform includes a variety of tools for planning, advertising, and executing online events. These products are designed to help the business provide the same sense and value of individual events through a digital experience. As a result, virtual event platforms are flexible software solutions that can be used to manage and host a wide variety of online events such as association meetings, multi-session conferences, trade shows, and job fairs.

The growing adoption of digital media marketing platforms to expand the audience base, the shift from business roles to remote working approaches, the increase in the popularity of online streaming to replace individual presentations are expected to boost the growth of the industry. Further cloud services are getting attracted to SMEs and the demand for accurate customer information is increasing, leading to the growth of the Virtual Event Platform Market.

The report “Virtual Events Platform Market, By Component (Platform and Services), By Service (Communication, Recruitment, Sales & Marketing, Training), By Organization Size (Large enterprises, Medium-sized enterprises, and Small enterprises), By End User (BFSI, Corporations, Governments, Education, Healthcare, Third-party Planners, Associations, Non-Profit) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Highlights:

• In April 2022, Aventree and MattingPlay jointly launched Xpopro, the most innovative demonstrative task management platform to hit the market. ExpoPROOB provides a complete solution for on-site, hybrid and virtual formats and aims to resolve major pain points from event planners and exhibitors in the large-scale display marketplace globally.
• In October 2021, on 24 Go Live expanded the type of customer experience with a new video-focused virtual event solution to enable events to be set up faster and provide the audience with a destination to communicate while capturing actionable insights that integrate seamlessly with the sales and marketing process.
• In March 2021, the new company 3D-VR Liv launched the virtual events platform, 3 D-VR LIVE events developed by professionals, to provide the hosts and attendees with the most personal and adoptable virtual event experience. The spontaneity of the live event has been recreated with state-of-the-art features and the abundance of host controls.
• In November 2021, Indian Bank launched a video KYC facility that allows users to open an account from anywhere using video customer identification processing technology implemented on the bank's digital platform.

Analyst View:

The demand for virtual event platforms will grow exponentially in the coming days and education and healthcare industries are likely to see the highest growth. These network-based platforms have enabled people to schedule visits with exhibitor sponsors and artists. However, the widespread use of cooperation and communication tools in various industry and industry sectors, including retail and e-commerce, healthcare, manufacturing, construction and education, is expected to drive market growth over the projected period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Virtual Events Platform Market, By Component (Platform and Services), By Service (Communication, Recruitment, Sales & Marketing, Training), By Organization Size (Large enterprises, Medium-sized enterprises, and Small enterprises), By End User (BFSI, Corporations, Governments, Education, Healthcare, Third-party Planners, Associations, Non-Profit)  and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Virtual Events Platform Market accounted for US$ 138.3 billion in 2022 and is estimated to be US$ 1099.5 billion by 2032 and is anticipated to register a CAGR of 21.7 %. The Virtual Events Platform Market is segmented based on component, service, organization size, end user and region:

• Based on Component, Virtual Events Platform Market is segmented into Platform and Services.
• Based on Service, Virtual Events Platform Market is segmented into Communication, Recruitment, Sales & Marketing, Training.
• Based on Organization Size, Virtual Events Platform Market is segmented into Supermarkets,and Hypermarkets, Convenience, Store, Specialty Stores, Independent Small Grocery Stores, Online Sales, and Others.
• Based on End User, Virtual Events Platform Market is segmented into BFSI, Corporations, Governments, Education, Healthcare, Third-party Planners, Associations, Non-Profit.
• By Region, the Virtual Events Platform Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Virtual Events Platform Market:

The prominent players operating in the Virtual Events Platform Market includes, Zoom Vedio Communication., Microsoft Corporation, Cisco System Inc., ALE International, XNUMX, Arcadin Cloud Communications, Hubilo Softec Pvt Ltd., Avaya Inc., Livestorm SAS, On24, Inc.

To know more

Contact Us:

Sales

Prophecy Market Insights

1 860 531 2574

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com