New York, According to a new market research report published by Global Insight Services” Virtual Event Platform Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A virtual event platform is a cloud-based software application that enables businesses and organizations to plan, design, and execute virtual events, such as conferences, webinars, and trade shows. The platform provides a central location for all event planning and execution activities, including the creation of event websites, registration forms, email invitations, and social media promotions. It also offers tools for managing event logistics, such as scheduling, speaker management, and exhibitor coordination.
Key Players
The Virtual Event Platform Market includes players such as 6Connex, Cvent, Hopin, Remo, Hubilo, Vfairs, BigMarker, Zoom, Microsoft and Cisco.
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Key Trends
There are a few key trends in Virtual Event Platform technology.
One is the move towards more immersive and realistic environments. This is being driven by advances in graphics and computing power, which are making it possible to create more realistic virtual spaces.
Another trend is the use of AI and machine learning to create more realistic and lifelike virtual characters. This is giving rise to new possibilities for virtual events, such as virtual conferences and trade shows.
Finally, there is a trend towards more social and interactive virtual events. This is driven by the popularity of social media and the desire of people to connect with others in a more meaningful way.
Key Drivers
Virtual Event Platform market is being driven by the need for organizations to reduce their travel and accommodation expenses. Additionally, the need for organizations to connect with their target audience in a more efficient and effective manner is another key driver of the Virtual Event Platform market.
Additionally, the need for organizations to reduce their environmental footprint is also a key driver of the Virtual Event Platform market.
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Market Segments
The Virtual Event Platform Market is segmented by component, organization size, end-user and region. By component the market is divided into platform and services. Based on organization size it is segmented into small, medium and large enterprises. On the basis of end user it is bifurcated into corporations, government, education, healthcare, and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
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