10.37 Billion in 2021, at a compound annual growth rate (CAGR) of 13.0% during forecast period 2022 - 2030.
A virtual event platform is a tool that is used to plan, promote, and execute online events. These tools enable users to host meetings, conferences, online trade shows, virtual sports events, and seminars. It provides new connections for businesses worldwide, making a virtual event platform extraordinary. These platforms are user-friendly to host and attend to and require low cost as they need less of a budget. They enable information sharing and solving problems virtually through web-based platforms. Such tools integrated with Artificial Intelligence with business communication platforms increase communication productivity and efficiently improve workflow among businesses.
The virtual event platform market includes delivery of virtual conferences, tradeshows/exhibitions, webinars, company meetings among organizers and suppliers that deal. Small and medium businesses are widely adopting virtual event platforms for their work. The development of cloud technology has led to the approach of conducting traditional events online through virtual event platforms. They offer multiple features such as livestream hosting, video-on-demand sessions, multi-livestream support, and a high level of privacy and security for online events.