Austin, TX, USA, July 19, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “VVirtual Event Platform Market Size, Trends and Insights By Solution (Software, Services), By Enterprise Size (Virtual Event Platforms for SMEs, Virtual Event Platforms for Large Enterprises), By End User (Virtual Event Platforms for Enterprises or Corporates, Virtual Event Platforms for Event Management Agencies, Virtual Event Platforms for Academic Institutions, Virtual Event Platforms for Trade Show Organizers, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Virtual Event Platform Market size & share was valued at approximately USD 12,025.22 Million in 2022 and is expected to reach USD 13801.03 Million in 2023 and is expected to reach a value of around USD 29,783.34 Million by 2032, at a compound annual growth rate (CAGR) of about 14% during the forecast period 2023 to 2032.”

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Virtual Event Platform Market -Growth Factors and Dynamics

The virtual event platform market is influenced by several growth factors and dynamic trends. These factors contribute to the increasing adoption of virtual event platforms and shape the market dynamics. Here are some key growth factors and dynamics driving the virtual event platform market:

• Shift towards Virtual and Hybrid Events: The shift towards virtual and hybrid events has been accelerated by factors such as the COVID-19 pandemic, globalization, cost savings, and the need for remote collaboration. Virtual event platforms offer organizations the ability to host events, conferences, and meetings online, reaching a wider audience and providing flexibility in terms of participation.

• Advancements in Technology: Technological advancements play a crucial role in driving the virtual event platform market. Innovations such as cloud computing, artificial intelligence, augmented reality, and virtual reality have enabled immersive and interactive virtual event experiences. The integration of these technologies into virtual event platforms enhances engagement, content delivery, networking, and overall user experience.

• Cost Savings and Increased ROI: Virtual event platforms provide significant cost savings compared to traditional in-person events. They eliminate expenses related to travel, venue rental, accommodation, and event logistics. Additionally, virtual events can attract a larger audience, potentially leading to increased return on investment (ROI) for organizers and sponsors.

• Global Reach and Accessibility: Virtual event platforms offer the advantage of reaching a global audience without geographical constraints. Participants can join events from anywhere in the world, increasing accessibility and inclusivity. This global reach expands networking opportunities, knowledge sharing, and business collaborations.

• Enhanced Engagement and Interactivity: Virtual event platforms provide various interactive features to engage participants, such as live chat, Q&A sessions, polling, networking lounges, and virtual exhibitor booths. These features foster engagement, interaction, and participation, creating a more immersive and dynamic event experience.

• Data Analytics and Insights: Virtual event platforms offer robust data analytics capabilities, providing organizers with valuable insights into attendee behavior, preferences, and engagement patterns. These insights enable event organizers to make data-driven decisions, improve future events, personalize experiences, and measure the success of their virtual events.

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Report Scope

Feature of the Report	Details
Market Size in 2023	USD 13801.03 Million
Projected Market Size in 2032	USD 29,783.34 Million
Market Size in 2022	USD 12,025.22 Million
CAGR Growth Rate	14% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Organization Size, End-User and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Virtual Event Platform report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
• Includes Tables and figures have been updated.
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Virtual Event Platform report has been modified to include the COVID-19 impact study prior to delivery.)

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Virtual Event Platform Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the virtual event platform market. Here is an analysis of the market in light of the pandemic:

• Increased Demand for Virtual Events: The restrictions imposed during the pandemic, such as social distancing measures and limitations on gatherings, led to the cancellation or postponement of in-person events. As a result, there was a substantial surge in the demand for virtual event platforms. Organizations and event planners quickly shifted to virtual platforms to host conferences, trade shows, meetings, and other events in a safe and remote manner.

• The transition from Physical to Virtual: The pandemic compelled businesses and event organizers to adapt to the new normal and find alternative ways to conduct events. Virtual event platforms emerged as a crucial solution, offering features like live streaming, virtual networking, exhibit halls, and interactive sessions. The pandemic accelerated the transition from physical to virtual events and reinforced the importance of virtual event platforms.

• Innovation and Technological Advancements: The pandemic triggered rapid innovation and technological advancements in virtual event platforms. Providers focused on enhancing user experience, scalability, security, and the integration of advanced features like AI-driven networking, virtual reality, and gamification. These developments aimed to replicate the benefits of in-person events and provide engaging virtual experiences.

• Global Reach and Accessibility: Virtual event platforms enabled events to reach a global audience without the constraints of travel and physical attendance. Attendees from various locations could participate in events remotely, increasing accessibility, inclusivity, and diversity. Virtual events expanded networking opportunities and facilitated connections between individuals and organizations worldwide.

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Key questions answered in this report:

• What is the size of the Virtual Event Platform market and what is its expected growth rate?
• What are the primary driving factors that push the Virtual Event Platform market forward?
• What are the Virtual Event Platform Industry’s top companies?
• What are the different categories that the Virtual Event Platform Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Virtual Event Platform market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2023−2032
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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List of the prominent players in the Virtual Event Platform Market:

• 6Connex
• BigMarker
• Hubilo Softech Private Limited
• Intrado Corporation
• Livestorm SAS
• Pathable
• Microsoft
• ubivent GmbH
• Zoom
• Cisco
• Others

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(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

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Browse the full “Virtual Event Platform Market Size, Trends and Insights By Solution (Software, Services), By Enterprise Size (Virtual Event Platforms for SMEs, Virtual Event Platforms for Large Enterprises), By End User (Virtual Event Platforms for Enterprises or Corporates, Virtual Event Platforms for Event Management Agencies, Virtual Event Platforms for Academic Institutions, Virtual Event Platforms for Trade Show Organizers, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at  https://www.custommarketinsights.com/report/virtual-event-platform-market/

Virtual Event Platform Market – Regional Analysis

The virtual event platform market can be analyzed regionally to understand the market dynamics and trends specific to different geographic areas. Here is a regional analysis of the virtual event platform market:

• North America: North America is a prominent region in the virtual event platform market. The region has a mature technology infrastructure, a high adoption rate of digital solutions, and a large number of enterprises and organizations hosting virtual events. The presence of major virtual event platform providers in the region contributes to market growth. Additionally, the COVID-19 pandemic has further accelerated the adoption of virtual events in North America.

• Europe: Europe is another significant market for virtual event platforms. The region has a strong presence of industries such as healthcare, education, and technology that extensively utilize virtual event solutions. The increasing adoption of digital technologies, government initiatives, and the need for remote collaboration and communication drive the market growth in Europe.

• Asia Pacific: The Asia Pacific region is witnessing significant growth in the virtual event platform market. Countries like China, Japan, India, and South Korea are experiencing a surge in virtual events due to rapid digitalization, increasing internet penetration, and the presence of a large number of SMEs. The demand for virtual event platforms is also driven by the growing popularity of webinars, online training sessions, and virtual trade shows.

• Latin America: Latin America is an emerging market for virtual event platforms. The region is experiencing a rise in the adoption of digital technologies and virtual events across various sectors, including healthcare, education, and entertainment. Increasing internet connectivity, favorable government regulations, and the need for cost-effective event management solutions contribute to market growth in Latin America.

• Middle East and Africa: The Middle East and Africa region are witnessing a gradual but steady adoption of virtual event platforms. The market growth is primarily driven by the increasing focus on digital transformation, the presence of large enterprises, and the need for efficient event management solutions. The COVID-19 pandemic has further accelerated the adoption of virtual events in the region.

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• Comprehensive coverage
• Maximum number of market tables and figures
• The subscription-based option is offered.
• Best price guarantee
• Free 35% or 60 hours of customization.
• Free post-sale service assistance.
• 25% discount on your next purchase.
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• Personalized market brief by author.

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The Virtual Event Platform Market is segmented as follows:

By Solution:

• Software
  • Integrated Virtual Event Platforms
  • Standalone Software
• Services
  • Live Event Support
  • Post Event Processing Services
  • Event Consulting Services
  • Support Services
  • Other Services

By Enterprise Size:

• Virtual Event Platforms for SMEs
• Virtual Event Platforms for Large Enterprises

By End User:

• Virtual Event Platforms for Enterprises or Corporates
• Virtual Event Platforms for Event Management Agencies
• Virtual Event Platforms for Academic Institutions
• Virtual Event Platforms for Trade Show Organizers
• Others

Click Here to Get a Free Sample Report of the Global Virtual Event Platform Market @ https://www.custommarketinsights.com/report/virtual-event-platform-market/

By Region

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Virtual Event Platform Market Research/Analysis Report Contains Answers to the following Questions.

• What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Virtual Event Platform Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Virtual Event Platform Market? What Was the Capacity, Production Value, Cost and PROFIT of the Virtual Event Platform Market?
• What Is the Current Market Status of the Virtual Event Platform Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Virtual Event Platform Market by Considering Applications and Types?
• What Are Projections of the Global Virtual Event Platform Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Virtual Event Platform Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Virtual Event Platform Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Virtual Event Platform Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Virtual Event Platform Industry?

Click Here to Access a Free Sample Report of the Global Virtual Event Platform Market @  https://www.custommarketinsights.com/report/virtual-event-platform-market/

Reasons to Purchase Virtual Event Platform Market Report

• Virtual Event Platform Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Virtual Event Platform Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Virtual Event Platform Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Virtual Event Platform Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Virtual Event Platform market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Virtual Event Platform Research Report | Fast Delivery Available – [220+ Pages] @  https://www.custommarketinsights.com/report/virtual-event-platform-market/

What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Virtual Event Platform market analysis.

• The competitive environment of current and potential participants in the Virtual Event Platform market is covered in the report, as well as those companies’ strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Virtual Event Platform market should find this report useful. The research will be useful to all market participants in the Virtual Event Platform industry.
• Managers in the Virtual Event Platform sector are interested in publishing up-to-date and projected data about the worldwide Virtual Event Platform market.
• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Virtual Event Platform products’ market trends.
• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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