Virtual Event Platform Global Market Expected to Witness $26.53 Billion with Impressive Growth at a 15.3% CAGR By 2028 | 6Connex Inc., Cvent Inc., ON24 Inc., PheedLoop Inc., BigMarker Inc.

"The new report published by The Business Research Company, titled ""Virtual Event Platform Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the virtual event platform market size has grown rapidly in recent years. It will grow from $13.27 billion in 2023 to $14.99 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The virtual event platform market size is expected to see rapid growth in the next few years. It will grow to $26.53 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%.

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Increasing Number Of Virtual Events Driving Growth Of Virtual Event Platform Market
An increasing number of online meetings, conferences, lectures, and events is expected to propel the growth of the virtual event platform. The emergence of a global pandemic presented new challenges for corporates to conduct meetings and events. When in-person meetings had to be cancelled, businesses had to immediately switch to virtual meetings using cutting-edge technology to facilitate connectivity and reduce the impact of COVID-19 disease. Due to this sudden shift towards virtual conferences and events, the use of virtual event platforms has increased. For instance, according to Kaltura's The State of Virtual Events 2022 survey report, a global survey of around 1250 organizers and attendees, 92% of organizers shifted to virtual events in 2021, 94% plan for virtual events in 2022, and 48% plan to increase the number of virtual events in 2023. Therefore, the rising number of virtual events, conferences, and lectures will drive the virtual event platform market growth.

Ar And Vr Driving Growth Of Virtual Event Platform Market
The technological advancement in augmented reality (AR) and virtual reality (VR) is a key trend gaining popularity in the virtual events platform market. Major companies operating in the virtual event platform market are focused on providing a technologically advanced platform to strengthen their market position. These companies are implementing next-generation virtual event platform technologies into their platforms, such as CRM, video API, text API, AI and ML, and others. The AR and VR technologies enable users to interact and manipulate 3D models projected into a real-world environment to enhance a fictional reality. For instance, in January 2022, VRXtream, an immersive event platform, introduced the Metaverse platform for events, connected with the NFT marketplace with equipped AR and VR technologies. This newly announced platform provides a comprehensive suite of realistic, interactive, and feature-assisted events that can be immediately modified with VR Spaces, NFT characters, and NFT features.

The virtual event platform market covered in this report is segmented -
1) By Component: Platform, Services, Training and Consulting, Support and Maintenance, Deployment and Integration
2) By Organization Size: Large Enterprises, Medium-Size Enterprises, Small Enterprises
3) By End-User: Non Profit, Government, Education, Healthcare and Lifesciences, Third Party Planner, Associations, Corporations

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Major companies operating in the virtual event platform market report are 6Connex Inc., Cvent Inc., Microsoft Corporation, Cisco Systems Inc., Zoom Video Communications Inc., Influitive Corporation, Whova Inc., OneCause Inc., Webex Events (formerly Socio), GoTo Webinar (LogMeIn Inc. ), BlueJeans Events (Verizon Business), ON24 Inc., PheedLoop Inc., vFairs, BigMarker Inc., HeySummit, Remo Inc., EventCube Inc., Tame Inc., Hopin Limited, Airmeet Inc., Accelevents Inc., Attendify Inc., Bizzabo Inc., Brella Productions Oy, Cadence Design Systems Inc., Crowdcast Inc., Intrado Corporation, Swapcard SAS, Hubilo Technologies Inc.

Contents of the report:
1. Executive Summary
2. Virtual Event Platform Market Report Structure
3. Virtual Event Platform Market Trends And Strategies
4. Virtual Event Platform Market - Macro Economic Scenario
5. Virtual Event Platform Market Size And Growth
…..
27. Virtual Event Platform Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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