The global virtual events market size was estimated at USD 98.07 billion in 2024 and is projected to grow at a CAGR of 20.0% from 2025 to 2030. The extensive adoption of collaboration and communication tools across diverse industries, such as retail and e-commerce, healthcare, manufacturing, construction, and education, is expected to drive market growth.
Read More »December 3, 2024
The Europe virtual events market size was estimated at USD 20.6 billion in 2023 and is projected to grow at a CAGR of 18.1% from 2024 to 2030. This growth can be attributed to several key factors including the ongoing digital transformation across various industries, coupled with the increasing adoption of cloud-based solutions, propelling the demand for virtual events.
Read More »May 24, 2024
The North America virtual events market size was valued at USD 34.39 billion in 2023 and is expected to grow at a CAGR of 17.6% from 2024 to 2030. The growth is attributed to the widespread adoption of collaboration and communication tools in various industries, including BFSI, IT & telecom, healthcare, manufacturing, education, media & entertainment, retail & e-commerce, etc.
Read More »June 7, 2024
The Asia Pacific virtual events market size was valued at USD 20.1 billion in 2023 and is projected to grow at a CAGR of 20.5% from 2024 to 2030. Factors driving this growth include technological advancements, cost savings, and the need for business continuity post-pandemic. Organizations are increasingly adopting Unified Communication as a Service (UCaaS)-based solutions, enabling efficient virtual engagement in business proceedings.
Read More »May 24, 2024
The global metaverse in e-commerce market size was estimated at USD 11.11 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 40.0% from 2024 to 2030. The integration of blockchain technology is also driving the metaverse's impact on e-commerce. Blockchain ensures secure and transparent transactions within the virtual space, addressing concerns related to trust and security in online shopping.
Read More »January 9, 2024
The U.S. immersive entertainment market size was valued at USD 32.59 billion in 2023 and is expected to grow at a CAGR of 21.9% from 2024 to 2030. The market for immersive entertainment is growing due to the increasing demand for realistic and engaging gaming experiences. Cutting-edge graphics, interactive gameplay, and virtual reality experiences attract a diverse and dedicated consumer base.
Read More »April 3, 2024
The global virtual tourism market size was estimated at USD 6.49 billion in 2023 and is expected to grow at a CAGR of 24.9% from 2024 to 2030. Virtual tourism, once considered futuristic, is rapidly becoming a reality as technological advancements and market demand converge. As travel restrictions and environmental concerns continue to shape the global tourism landscape, the concept of virtual tours is gaining significant momentum.
Read More »September 19, 2024
The Japan metaverse market size was estimated at USD 4.06 billion in 2023 and is expected to grow at a CAGR of 48.2% from 2024 to 2030. Technological advancements, the rising integration of the virtual world with the real world, and the high acceptability of innovations by locals are some of the key factors driving the growth of the metaverse market in Japan.
Read More »March 14, 2024
The Europe MICE market size was estimated at USD 401.95 billion in 2023 and is expected to grow at a CAGR of 9.4% from 2024 to 2030. Meetings, incentives, conferences, and exhibitions (MICE) are business-related travel destinations that fall under the umbrella of the travel and tourism industry. MICE aims to bring together elite professionals from various industries in a customized, improved hospitality environment.
Read More »March 11, 2024
The global immersive entertainment market size was estimated at USD 96.88 billion in 2023 and is expected to expand at a CAGR of 24.6% from 2024 to 2030. The major factors driving the market growth include the surge in the popularity of gaming, an increasing need for realistic experiences, the adoption of immersive technology in marketing music, and the growing popularity of live events. The demand for immersive entertainment is also being fueled by advancements in hardware capabilities as well as a growing number of engaging applications and content, which is further contributing to the market growth.
Read More »May 15, 2024