USD 96.6 Billion
Report ID:
SQMIG50J2015 |
Region:
Global |
Published Date: July, 2025
Pages:
196
|Tables:
142
|Figures:
72
Global Virtual Events Market size was valued at USD 96.6 Billion in 2023 and is poised to grow from USD 116.31 Billion in 2024 to USD 513.63 Billion by 2032, growing at a CAGR of 20.4% during the forecast period (2025-2032).
Companies, including educational institutions, are beginning to realize the importance of Unified Communication as a Service (UCaaS) solutions which allow employees and resources to participate virtually in business functions. This creates a more productive and effective workflow that has a profound effect on the global virtual events space. As remote and hybrid working models become more popular, the market is expanding beyond expectations.
Moreover, advancements in technology will continue to be crucial for enhancing the immersive experience of virtual events. Attendees can anticipate features like customized content delivery and networking tools driven by AI. These factors are expected to drive global virtual events market growth.
Why are Millennials and Gen Z Reshaping the Virtual Events Landscape?
The increasing demand for more immersive and interactive experiences, particularly amongst the younger generations, including Gen Z and Millennials, is also influencing the virtual events sector. These organizations are choosing events that present networking opportunities and engaging content in newer technology, such as Artificial Intelligence (AI) and virtual reality (VR).
Market snapshot - (2025-2032)
Global Market Size
USD 96.6 Billion
Largest Segment
Large-Scale Events
Fastest Growth
Everyday Events
Growth Rate
20.4% CAGR
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The global virtual events market is segmented into event type, component, end use, application, use case, and region. By event type, the market is classified into internal, external, and extended. Depending on the component, it is divided into platform and services. According to end use, the market is categorized into educational institutions, corporate, and government. As per the application, it is fragmented into conferences & conventions, exhibitions & trade shows, seminars & workshops, and corporate meetings & training. On the basis of use case, the market is segregated into everyday events and large-scale events. Regionally, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
How are Virtual Exhibitions Helping Companies Cut Traditional Event Costs?
As per the 2024 virtual events market analysis, the exhibition & trade shows segment had the highest revenue share due to the growing need for businesses to advertise their products, display their goods, assess the competition, and stay up to date with market developments and opportunities. By using digital platforms, exhibitors can save money on travel, advertising, lodging, and other costs associated with hosting traditional trade shows and exhibitions.
The conferences segment's noteworthy virtual events market share is anticipated to be driven by the growing demand for virtual platforms that facilitate professional networking and knowledge sharing. Though companies are increasingly adopting remote work, virtual conferences are a viable alternative that brings greater flexibility and value to the modern in-person conference. The growth of this segment is being further enabled by technology which enhances attendee engagement, with phenomena such as live streaming, immersive experiences, and real-time participation tools.
How Did Large-Scale Events Dominate the Virtual Events Landscape?
As per the 2024 virtual events market forecast, the large-scale events segment had the largest revenue share. This growth can be attributed to the significant appeal of large-scale virtual events, such as major conferences, trade shows, and international summits, which can attract thousands of participants from around the globe. Due to the ability to reach a wide audience regardless of geographic boundaries, these events have become increasingly popular among companies looking to display their products, share information, and foster collaboration. Developments in virtual event technologies, like immersive experiences and interactive features, have increased engagement levels and are driving the segment's growth.
Between 2025 and 2032, the everyday events segment is expected to grow at a noteworthy compound annual growth rate (CAGR). This growth is being driven by the increasing use of virtual platforms for routine tasks such as internal gatherings, webinars, team meetings, and training sessions. As remote work and hybrid models become more popular, organizations are using frequent virtual events to maintain high levels of employee productivity and communication. These events are a popular option for businesses trying to efficiently engage their workforce and streamline operations because of their affordability and adaptability.
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Why is Asia-Pacific Emerging as a Virtual Events Powerhouse?
As per the virtual events market regional analysis, one of the main causes of the rise in virtual events in Asia-Pacific has been the quick development of communication technologies. Organizations can now host and participate in virtual events more easily due to the growing popularity of mobile devices, cloud-based platforms, and high-speed internet. Virtual event solutions are now a logical next step since many Asia Pacific businesses have embraced digital transformation. The shift to virtual platforms is also smooth because of the region's tech-savvy populace.
China Virtual Events Market
China is now a major player in the virtual events market due to its quick digital penetration and government support for remote learning and business tools. Chinese digital behemoths Tencent and Alibaba increased the scope of their virtual conferencing offerings in 2024. Large-scale livestream events for e-commerce and education will remain popular through 2025, and localized platforms provide real-time translation and AI-powered engagement to reach a wider audience.
Japan Virtual Events Market
Japan's steady increase in the virtual events market is being driven by its tech-savvy populace and robust corporate sector. In 2024, companies used VR-enabled trade shows and corporate events to cut down on travel expenses. In 2025, universities like the University of Tokyo held hybrid academic conferences that boosted participation from all over the world by utilizing AI translation and interactive features. Particularly in need of sustainable operations are the commercial, healthcare, and educational sectors.
What Makes North America the Market Leader for Virtual Events?
North America dominates the virtual events market because of its sophisticated infrastructure and extensive use of UCaaS platforms. Businesses like Zoom and Microsoft used XR and AI to host immersive virtual conferences. Demand has stayed strong as a result of the US and Canada's acceptance of mixed work schedules. Product launches, virtual summits, and career fairs remain important formats.
US Virtual Events Market
The virtual events sector in North America is dominated by the United States. Events like CES evolved into hybrid events, drawing viewers from all over the world through high-tech platforms. Businesses are spending money on adaptable virtual worlds driven by analytics, VR, and AI. By the middle of 2025, a lot of businesses had switched to virtual formats for internal training, marketing events, and investor conferences in an attempt to reach more people and cut costs without compromising engagement.
Canada Virtual Events Market
The virtual events market in Canada is expanding steadily due to the country's robust remote work culture and extensive broadband availability. Government agencies launched secure online conferencing tools, and universities such as McGill held entirely virtual open houses. Accessibility was improved by using bilingual AI for French English events. Virtual expos are also being used by Canadian businesses to foster innovation across a variety of industries, including technology and natural resources.
How is the Transition to Virtual Events Affecting Europe?
Virtual events are becoming more popular in Europe due to EU digitalization initiatives and environmental goals that limit business travel. Platforms designed for bilingual and hybrid event formats became more and more popular. Industries like banking, healthcare, and education will have made significant investments in AI-powered event platforms. In both Western and Central Europe, financial limitations and sustainability concerns are driving a long-term reliance on virtual formats.
UK Virtual Events Market
As companies use digital platforms to remain globally accessible, the UK virtual events market is booming in the wake of Brexit. The hybrid London Tech Week online drew a record number of attendees. AI-powered event planning and real-time attendee analytics are standard. The demand is especially high in the domains of professional services, education, and finance because virtual formats enhance engagement, reduce expenses, and permit flexible attendance.
France Virtual Events Market
France is embracing virtual event technologies, particularly in the domains of fashion, education, and business. Events such as VivaTech in 2024 enabled remote communication through augmented reality booths and AI networking by fusing digital and physical worlds. Local companies launched platforms for French-speaking markets, ensuring accessibility and compliance with EU data privacy laws. Increased government support for digital transformation is another factor driving growth.
Germany Virtual Events Market
Germany is getting better at virtual events and is entering multi-hybrid. Hannover Messe introduced an Immersive virtual tool to reach audiences globally in 2024. All businesses are developing their virtual events on secure GDPR compliant platforms for internal and external events. The automotive, academic, and industrial sectors would make an investment to change from VR events to VR-enhanced virtual events to improve hiring, training, and international collaboration.
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Virtual Events Market Drivers
Growing Use of Global Collaboration and Remote Work
Cost-Effectiveness and Expanded Audience
Virtual Events Market Restraints
Insufficient Engagement and Networking
Platform Dependency and Technical Issues
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Among the leading companies with strong platforms in the cutthroat virtual events market are Hopin, Microsoft, Cisco, and Zoom. Enhancing VR/AR capabilities, offering hybrid event components, and incorporating AI customization are all crucial tactics. To improve value propositions, companies are also concentrating on user analytics, platform scalability, and ecosystem relationships. Consolidation trends are also increasing, as evidenced by a number of acquisitions meant to improve market positioning and broaden feature sets.
Top Player’s Company Profile
Recent Developments in Virtual Events Market
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the virtual event market outlook is enhancing gradually on a global scale. As remote work, globalization, and cost-effectiveness continue to increase. Virtual and hybrid events have become instrumental communications and collaboration tools for government, businesses, and educational institutions worldwide. As the industry works through the reality of user engagement issues and the limits of technology, continued advances in artificial intelligence (AI), networking, and hybrid integrations will improve user experience regularly. Newer and more established companies are investing in more sophisticated and immersive tools to blur the line of distinction between events happening virtually and in the real world. With the adoption of digital-first policies becoming widespread, the virtual events industry that offers scalable, flexible, and highly effective solutions for the future of human connection and workplace communications is poised for growth.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 96.6 Billion |
Market size value in 2032 | USD 513.63 Billion |
Growth Rate | 20.4% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Virtual Events Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Virtual Events Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Virtual Events Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Virtual Events Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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