Virtual Event Platform Market Analysis

Component (Platform, Services, Training, Maintenance, Deployment)

The global virtual event platform market is segmented and analyzed for demand and supply by component into platform, services, training, maintenance, deployment. Out of these, the services segment is estimated to gain the largest market share of about 34% in the year 2037. The growth of the segment can be attributed to the increased demand for customized services such as consulting and support services. Management consulting is expected to be automated by 29% in the near future. In addition, investments in digital trust services are expected to reach 100 billion by 2025. Companies are recognizing the benefits of using virtual event platforms in terms of cost savings and enhanced customer experience. This is driving demand for services such as consulting and support services in order to help companies better understand the platform and maximize its potential. Additionally, companies are increasingly turning to virtual event platforms to host events, which is also driving the demand for services.

Organization (Large enterprises, Small & Medium-sized enterprises)

The global virtual event platform market is segmented and analyzed for demand and supply by organization size into large enterprises and small & medium-sized enterprises. Out of these, the small & medium-sized enterprises segment is estimated to gain the significant market share of about 59% in the year 2037. The growth of the segment can be attributed to the rise in adoption of cloud-based solutions by small & medium-sized enterprises owing to their affordability and scalability, as well as their minimal upfront costs. Moreover, the rising trend of small businesses hosting virtual events as well as the increasing number of new entrants into the market providing specialized services which cater to this segment of customers. Additionally, the cost-effectiveness of virtual events compared to physical events is a major factor driving the adoption of virtual event platforms amongst small and medium-sized enterprises.

Our in-depth analysis of the global market includes the following segments: