#Virtual #Events #Market #Size #projected #reach #USD
New York, United States, Oct. 13, 2022 (GLOBE NEWSWIRE) — Virtual events are referred to as online exhibitions, such as video conferencing, web conferencing, communication, and social networking sessions that can be enabled on smartphones, desktops, laptops, and tablets. Increasing demand for virtual events has compelled the companies to announce the launch of new products, provide additional information, and obtain new vendors.
Various industries are adopting new approaches to optimize work environment and practice social distancing. The automotive industry is conducting virtual inspection in order to minimize production losses and requirements for trained staff. Sectors such as healthcare, hospitality, and finance and banking are organizing seminars and meetings that can be attended through smartphones, desktops, laptops, and tablets. Furthermore, some countries are providing free educational sessions that aid in reducing expenses and improving student’s knowledge. Apart from this, several organizations and IT firms are holding corporate events for their employees, business partners, and clients to launch and promote new products.
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Report Scope
| Report Metric | Details |
| Market Size | USD 617.33 billion by 2030 |
| CAGR | 21.1% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, End-user, Region |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Adobe Systems, Avaya, Cisco Systems, Citrix Systems, IBM, Microsoft, Mitel Networks, Alcatel-Lucent, Atlassian, BroadSoft, COREX, Huawei, Toshiba, Ubivent, Zoom Video Communications |
| Key Market Opportunities | Content delivery in a virtual… |
Read on GNW: Virtual Events Market Size is projected to reach USD 617.33
