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Virtual Event Platform Market Growth Potential & Forecast, 2032

As per a recent research report, Virtual Event Platform Market surpass USD 40 Bn by 2032.

The increasing rate of digitalization in corporate organizations worldwide will
influence the market trends. The rising digitalization has led to the
higher effectiveness of virtual events as well as hybrid platforms.
In recent years, the demand for UCaaS is increasing as businesses worldwide are
looking for unified communications for ensuring the ability and acknowledging
the affordability and productivity of cloud communications. However, the dearth
of two-way communication in organization events may pose as a restraint of the industry  growth to some extent.

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Virtual event platform market share from large enterprises is expected to record over 10% CAGR from 2023-2032 driven by the rising need for digital platform distribution in these facilities. Large organizations deploy virtual communication and collaboration for maintaining efficient operations across multiple locations.                                                                    

This can be attributed to the rising pressure on large companies for adopting
local strategies to cater to increased business demand as employees,
customers, among other business stakeholders are spread across multiple regions.
The increasing requirement for virtual event platform software, mainly in the Covid-19 pandemic
for effective operations in physical outages will also contribute to
the market expansion.

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North America virtual event platform
market size exceeded USD 4 billion in 2022. The growth can be attributed to the
rising adoption of digital analog platforms
in the healthcare sector, mainly in Canada. The surging demand
for UCaaS has led to the rise in the number of startups and partners in the
region due to the early adoption of several new technologies.
The ongoing infrastructure developments in the U.S. and Canada are
also complimenting the regional market growth.

Partial chapters of report table of contents (TOC):

2   Executive Summary

2.1    Virtual event platform market 360º synopsis, 2018
- 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2023-2032

2.3    Regional trends

2.4    Component trends

2.5    Organization size trends

2.6    End- use trends

3   Virtual Event Platform Industry Insights

3.1    Impact of COVID-19 impact

3.2    Impact of Russia Ukraine war

3.3    Impact of U.S.-China trade war

3.4    Industry ecosystem analysis

3.4.1    System integrator

3.4.2    Software provider

3.4.3    Service provider

3.4.4    End user

3.4.5    Vendor matrix

3.5    Profit margin analysis

3.6    Technology & innovation landscape

3.7    Patent analysis

3.8    Key news and initiatives

3.9    Regulatory landscape

3.9.1    International standards

3.9.2    North America

3.9.3    Europe

3.9.4    Asia Pacific

3.9.5    Latin America

3.9.6    MEA

3.10    Impact forces

3.10.1    Growth drivers    The rise in popularity of online streaming to
replace in-person presentation.    Widespread adoption of virtual
infrastructure, tools, and services by organizations    Integration of advanced technologies, such as
artificial intelligence (AI), Virtual Reality (VR)    Increasing adoption of digital media
marketing platforms    Increasing adoption of Unified Communication
as a Service (UCaaS)-based solutions

3.10.2    Industry pitfalls & challenges    Lack of strong internet infrastructure in
developing countries

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis


About Global Market Insights:

Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom
research reports along with growth consulting services. Our business
intelligence and industry research reports offer clients with penetrative
insights and actionable market data specially designed and presented to aid
strategic decision making. These exhaustive reports are designed via a
proprietary research methodology and are available for key industries such as
chemicals, advanced materials, technology, renewable energy and biotechnology.


Aashit Tiwari

Corporate Sales, USA

Global Market Insights Inc.

Toll Free: +1-888-689-0688

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