Key Factor Supporting Global Virtual Event Platform Market Development in 2025: Increasing Number Of Virtual Events Driving Growth Of Virtual Event Platform Market

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How Large Will the Virtual Event Platform Market Size By 2025?
There has been a rapid expansion of the virtual event platform market size in the past few years. The market, valued at $14.67 billion in 2024, is expected to burgeon to $16.28 billion in 2025, marking a compound annual growth rate (CAGR) of 11.0%. This historic surge can be credited to factors such as digital transformation projects, globalization along with remote collaboration, the speed-up effect of the COVID-19 pandemic, requirement for adaptability and expandability, and improved user involvement features.

How Big Is the Virtual Event Platform Market Size Expected to Grow by 2029?
A substantial increase is predicted for the virtual event platform market in the upcoming years, with projections placing it at a value of $31.05 billion by 2029, growing at a compound annual growth rate (CAGR) of 17.5%. Factors contributing to this growth within the projected period include advancements in post-event analytics and measurement, integration with social media platforms, competitive landscaping and innovation, improved accessibility and inclusiveness, and the evolution of virtual trade shows and exhibitions. Emerging trends to be noted within this timeframe consist of dynamic content formats, real-time collaboration tools, content distribution, and monetization, a focus on inclusiveness, enhanced security protocols, the accessibility across multiple platforms, and the inclusion of gamification elements.

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Which Key Market Drivers Powering Virtual Event Platform Market Expansion and Growth?
The growth of the virtual event platform market is anticipated to surge due to an escalating count of online meetings, conferences, lectures, and events. The global pandemic's onset posed fresh challenges for businesses in hosting meetings and events. When direct meetings were cancelled, companies had to promptly transition to virtual ones using advanced technology to enhance connectivity and lessen the consequences of the COVID-19 ailment. This abrupt move towards virtual conferences and events substantially increased the utilization of virtual event platforms. Kaltura's The State of Virtual Events 2022 survey report, for example, revealed that around 1250 organizers and attendees participated in a global survey, where 92% of event planners pivoted to virtual events in 2021, 94% intend to organize virtual events in 2022, and 48% aim to escalate the count of virtual events in 2023. Consequently, the surging quantity of virtual events, conferences, and lectures will fuel the growth of the virtual event platform market.

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Which Fast-Growing Trends Are Poised to Disrupt the Virtual Event Platform Market?
The rise in technological advancement in the domains of augmented reality (AR) and virtual reality (VR) is clearly becoming a prominent trend in the virtual events platform market. Large companies within this industry are concentrating on offering more technologically superior platforms to consolidate their market standing. These companies are incorporating cutting-edge virtual event platform technologies into their platforms, including CRM, video API, text API, AI and ML, among others. AR and VR technologies allow users to engage and adjust 3D models displayed in a real-world setting to boost a fabricated reality. For instance, in January 2022, a revolutionary event platform called VRXtream launched the Metaverse platform for events, which is interconnected with the NFT marketplace and is equipped with AR and VR technologies. This newly unveiled platform offers an extensive collection of realistic, interactive, and feature-assisted events that can be immediately customized with VR Spaces, NFT characters, and NFT features.

What Are the Emerging Segments in the Virtual Event Platform Market?
The virtual event platformmarket 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, Healare And Lifesciences, Third Party Planner, Associations, Corporations

Subsegments:
1) By Platform: Web-Based Event Platforms, Mobile Event Applications, Virtual Event Management Software
2) By Services: Event Planning And Coordination Services, Content Creation Services
3) By Training And Consulting: User Training Programs, Event Strategy Consulting
4) By Support And Maintenance: Technical Support Services, System Updates And Upgrades
5) By Deployment And Integration: Cloud-Based Deployment Solutions, On-Premises Deployment Solutions, Integration With Other Software Tools

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Who Are the Global Leaders in the Virtual Event Platform Market?
Major companies operating in the virtual event platform market include 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.

Which are the Top Profitable Regional Markets for the Virtual Event Platform Industry?
North America was the largest region in the virtual event platform market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtual event platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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