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Surprising: [New Report] Virtual Events Platform Market to reach US$ 1099.5 billion by 2032; the Demand for Accurate Customer Information is Increasing

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Covina , June 06, 2023 (GLOBE NEWSWIRE) — “According to the latest research study, the demand of “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%

What is Virtual Events Platform?

Virtual Events Platform is a technology-driven solution that allows organizations to host and manage online events, conferences, trade shows, webinars, and other virtual gatherings. It provides a digital environment that replicates many aspects of physical events, enabling participants to engage and interact remotely from any location with internet access.

Virtual events platforms provide innovative tools and features to enhance attendee engagement and interaction. These can include live chats, networking opportunities, Q&A sessions, polling, virtual breakout rooms, and gamification elements. These interactive features help create a more immersive and dynamic event experience, fostering meaningful connections and knowledge sharing.

What are the Recent News in the Virtual Events Platform Market?

  • In April 2022, Aventree and MattingPlay jointly launched Xpopro, the most innovative demonstrative task management platform to hit the market. ExpoPROOB offers a comprehensive solution for on-site, hybrid, and virtual formats and strives to address the most pressing concerns of event organisers and exhibitors in the global market for large-scale displays.
  • In March 2021, 3D-VR LiVE launch the virtual events platform to offer the most personalized and flexible virtual event experience to hosts and guests. With a wealth of cutting edge technologies and host controls, the spontaneity of a live event has been replicated. 3D-VR Within the same platform, LiVE effortlessly combines custom 3D environments, interactive virtual content, and hosted video chat tours. The platform’s backend has been designed to accept any web-based app or integration, giving you total flexibility when creating your event.
  • In October 2021, on 24 Go Live expanded the type of customer experience with a new video-focused virtual event solution to make it possible for events to be set up more quickly and give the audience somewhere to congregate while collecting useful insights that flow naturally into the sales and marketing process. Online connections can be strengthen with the help of the variety of interactive options offered by ON24 Go Live. One can count on ON24 Go Live to keep audiences interested with a number of formats and features, whether it’s event-level chat, in-session chat, polls, or video-to-video breakout conversations.
Attribute Details
Base year for estimation 2022
Forecast period 2022 – 2032
Accounted in 2022 US$ 138.3 Billion
Estimated to be in 2032 US$ 1099.5 Billion
CAGR         21.7%
Market representation Revenue in USD Billion & CAGR from 2022 to 2032
Market Segmentation By Component – Platform and Services
By Service – Communication, Recruitment, Sales & Marketing, Training
By Organization Size – Large enterprises, Medium-sized enterprises, small enterprises
By End User – BFSI, Corporations, Governments, Education, Healthcare, Third-party Planners, Associations, Non-Profit
Regional scope North America – U.S., Canada
Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe
Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
Latin America – Brazil, Mexico, Argentina, Rest of Latin America
Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage Revenue forecast, company share, competitive landscape, growth factors, and trends.

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https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/5111

What is Prophecy’s Analyst View on Virtual Events Platform Market?

The advancement of technology will continue to shape the virtual events platform market. Innovations in areas such as virtual reality (VR), augmented reality (AR), artificial intelligence (AI), and streaming technologies will further enhance the immersive and interactive nature of virtual events. Also, future virtual events platforms are expected to offer more customization and personalization options. Therefore, these advancements will attract more organizations and attendees to adopt virtual events platforms, contributing to Virtual Events Platform Market growth in coming years.

How has the COVID-19 pandemic impacted the adoption and growth of virtual events platforms?

The COVID-19 pandemic has significantly impacted the adoption and growth of virtual events platforms. With restrictions on in-person gatherings and the need for social distancing, organizations and event organizers rapidly shifted towards virtual events as an alternative. Virtual events platforms emerged as a vital solution to host conferences, trade shows, webinars, and other gatherings online. The pandemic acted as a catalyst, accelerating the adoption of virtual events platforms across various industries. Companies realized the benefits of reaching a global audience, reducing costs, and ensuring safety for attendees.

As a result, the demand for virtual events platforms soared, leading to increased investments, innovation, and advancements in the industry. The pandemic has transformed virtual events platforms from a niche offering to a mainstream solution, poised for continued growth even beyond the pandemic era.

What are the main features and capabilities offered by virtual events platforms?

  • Live Streaming: Platforms enable real-time streaming of presentations and sessions.
  • Interactive Chat and Q&A: Participants can engage through chat and submit questions.
  • Virtual Networking: Virtual lounges and chat rooms facilitate networking opportunities.
  • Exhibitor Booths: Sponsors showcase products/services with multimedia content.
  • Breakout Sessions and Workshops: Smaller group discussions and interactive workshops.
  • Analytics and Reporting: Access to data and analytics for measuring attendee engagement.
  • Customization and Branding: Options for branding and customization.
  • Registration and Ticketing: Manage attendee registrations and ticket sales.
  • On-demand Content: Access to recorded sessions and on-demand content.
  • Integration with Other Tools: Integration with CRM, marketing automation, and event management software.

Who are the Top Key players operating in the Virtual Events Platforms Market?

  • Zoom Video Communication
  • Microsoft Corporation
  • Cisco System Inc.
  • ALE International
  • XNUMX
  • Arcadin Cloud Communications
  • Hubilo Softec Pvt Ltd.
  • Avaya Inc.
  • Livestorm SAS
  • On24, Inc.

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What are the key factors driving the growth of the Virtual Events Platform market?

The Virtual Events Platform market is experiencing significant growth driven by various factors. The COVID-19 pandemic has accelerated the adoption of virtual events as a substitute for physical gatherings. Virtual events offer cost-effectiveness, eliminating expenses related to venue rentals, travel, and logistics. They also provide a global reach, enabling participation from anywhere, and increased accessibility for a broader audience.
Additionally, virtual event platforms offer flexibility and scalability, allowing organizers to tailor the event format and accommodate a large number of attendees. These factors combined have fueled the market’s expansion, making virtual events a popular choice for organizations across industries.

Conclusion:
In conclusion, the Virtual Events Platform market is experiencing rapid growth due to several key factors. The COVID-19 pandemic has been a significant driver, as organizations have turned to virtual events as an alternative to physical gatherings. The cost-effectiveness of virtual events, with savings on venue rentals and travel expenses, has also contributed to the market’s expansion. The global reach and accessibility of virtual events have attracted a wider audience and broken down geographical barriers.

Moreover, the flexibility and scalability offered by virtual event platforms have allowed organizers to tailor the event experience and accommodate a larger number of attendees. These factors combined have propelled the growth of the Virtual Events Platform market, making virtual events a popular choice for organizations across industries.

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Artificial Intelligence

Jean-Michel Jarre is world’s first passenger to take off in KleinVision’s flying AirCar

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PIESTANY, Slovakia, April 24, 2024 /PRNewswire/ — Godfather of electronic music and innovator Jean-Michel Jarre becomes world’s first passenger to take off in KleinVision’s flying AirCar in preparation for Starmus Opening Concert also Featuring Sir Brian May of Queen.

KleinVision’s AirCar took to the skies with electronic music pioneer, Jean-Michel Jarre as its first passenger this month, signaling a new era of transportation innovation. AirCar, which received the Certificate of Airworthiness in January 2022, has already logged an impressive 130 flight hours and over 520 takeoffs.
“It is like being in a Jules Verne book, but for real! One second you speak to the driver, and next, you are up there in the air – an amazing experience!” said Jean-Michel Jarre after completing two flights in the AirCar at Piestany international airport.
The artist’s excitement was palpable as he marveled at the futuristic experience, perfectly reflecting the theme of his upcoming Starmus opening concert, ‘The Bridge from the Future’, powered by ESET, global digital security leader.
“AirCar addition to Starmus is a fantastic complement to our festival experience,” said Garik Israelian, PhD, astrophysicist at the Institute of Astrophysics of the Canary Islands and co-founder of Starmus, alongside Sir Brian May. “It mirrors the exhilarating journey we embark on, starting with Jean-Michel and Brian’s monumental concert that propels us to new heights, soaring alongside artists and inspiring thinkers like Jane Goodall, and coming back to Earth with the wisdom of astronaut Chris Hadfield once the festival concludes.”
“AirCar will not only be part of the Starmus opening concert, it will also be showcased at Starmus Camp, which, together with the Stephen Hawking Medal Ceremony and nine Nobelists giving lectures, will turn Bratislava into the world capital of science.”
Film director Todd Douglas Miller, Emmy Award-winning filmmaker of Apollo 11, captured the historic moment as he filmed the AirCar soaring at 2500 feet. “It looks impossible. It looks like it’s doing something it should not be doing!” Miller remarked, highlighting the groundbreaking nature of AirCar.
Professor Stefan Klein, inventor and pilot, expressed his pride as Jean-Michel became the inaugural passenger on the groundbreaking aircraft. “From dreams to reality, we have taken flight together with Jean-Michel, opening a new era of transportation with a touch of magic,” said Klein, moments before completing another successful intercity flight from Piestany to Nitra.
Anton Zajac, co-founder of KleinVision and ESET, lauded the advancement the AirCar represents in blurring the lines between roads and skies. “We are bridging the gap between the road and the sky, giving cars the freedom they symbolized 50 years ago,” Zajac remarked.
The flights took place in Piestany, Slovakia, and marked a momentous step towards a future where terrestrial and aerial travel seamlessly converge.
To see the short footage of the flight, click here. 
Photo – https://mma.prnewswire.com/media/2395057/Klein_Vision.jpg

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Artificial Intelligence

SUPCON Unveils Groundbreaking Products in June, Including the World’s First UCS

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HANGZHOU, China, April 24, 2024 /PRNewswire/ — In June, SUPCON (688777) is poised to launch two groundbreaking products in Singapore: the world’s first UCS (Universal Control System) and TPT (Time-Series Pre-trained Transformer), the first time-series model in the process industry.

UCS, a revolutionary innovation from SUPCON, is set to revolutionize the 50-year-old DCS architecture, promising to eliminate traditional control cabinets.
TPT, as the pioneering time-series model in the process industry, will replace numerous traditional industrial apps and overcome unsolved industrial challenges.
SUPCON, founded in 1999, is a prominent global provider of intelligent manufacturing solutions for process industries. The company is committed to the development and application of AI technology through the integration of advanced products and extensive industry know-how. With a global customer exceeding 30,000, SUPCON’s products address all needs across over 50 countries and regions, encompassing sectors like oil & gas, refinery & petrochemical, chemical, etc. Aiming at high-quality and sustainable development, SUPCON is on the way to facilitate the automation and intelligentization of the global process industry.
In 2023, SUPCON’s core products, the Distributed Control System (DCS) and the Safety Instrumented System (SIS), both claimed the top market share position in China, achieving respective figures of 37.8% and 33.7%. Notably, the DCS has maintained the No.1 position for a consecutive 13th year.

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Artificial Intelligence

Automation Anywhere Appoints Tim McDonough as Chief Marketing Officer to Drive Global Awareness and Growth for the Leader in AI-Powered Automation

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SAN JOSE, Calif., April 23, 2024 /PRNewswire/ — Automation Anywhere, a leader in AI-powered automation solutions, announced that AI marketing leader ﷟Tim McDonough joined the company as chief marketing officer (CMO). McDonough, who brings more than two decades of experience in driving growth across startups and Fortune 100 companies, will shape and lead Automation Anywhere’s global brand and growth strategies and go-to-market functions.

 
McDonough joins Automation Anywhere from Intel, where he recently served as vice president and CMO of AI and data centers. McDonough oversaw the transformation of the $14 billion-plus business unit, while guiding the company’s strategy and positioning in the AI market.
“Tim joins us at an incredible time in our journey as we experience a new phase of growth ignited by the transformative benefits of our generative AI process automation models that are transforming our customers’ businesses,” said Mihir Shukla, CEO, Automation Anywhere. “Tim’s impressive experience will be instrumental in our efforts to empower organizations to achieve amazing results by automating more than forty percent of workflows and tasks, and saving millions, even billions, of dollars.”
Prior to Intel, McDonough held executive roles at leading technology companies, including Unity Technologies, Qualcomm, and Microsoft. McDonough’s track record of enterprise and C-suite marketing spans developed and emerging technologies, including AI tools, applications, software-as-a-service (SaaS) solutions, and developer ecosystems.
“I’m looking forward to helping lead Automation Anywhere through its next phase growth as it helps companies transform their business,” said McDonough. “Seeing how customers are innovating with Automation Anywhere’s platform demonstrated to me the incredible market opportunity we have. When you combine automation with generative AI, customers can now go beyond task or departmental impact and automate at an enterprise level, empowering companies and employees to do their very best work.”
McDonough’s appointment comes at a time of remarkable opportunity for the company, marked by Automation Anywhere’s recent record-breaking fourth-quarter performance, continued profitability, and strong outlook in its current fiscal year. Last quarter, Automation Anywhere reported 50 percent growth in large enterprise deals from the previous quarter, highlighting the company’s momentum and strong market position.  
About Automation Anywhere  
Automation Anywhere is the leader in AI-powered process automation that puts AI to work across organizations. The company’s Automation Success Platform is powered with generative AI and offers process discovery, RPA, end-to-end process orchestration, document processing, and analytics, with a security and governance-first approach. Automation Anywhere empowers organizations worldwide to unleash productivity gains, drive innovation, improve customer service, and accelerate business growth. The company is guided by its vision to fuel the future of work by unleashing human potential through AI automation. Learn more at http://www.automationanywhere.com/.  
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