The virtual events industry is booming. In fact, according to Grand View Research, the market is worth $90 billion at the moment, and is expected to reach $400 billion by 2027. In addition, according to Trends Exchange, the market could be worth up to $774 billion by 2030.
“The trajectory of conferences & exhibitions, corporate events & seminars, promotions & fundraisers, music & art performances, sports, festivals, trade shows, and product launches will rely heavily on virtual event planners and software.”
With the pandemic showing no signs of slowing, and a growing demand to limit face to face contact, virtual events are becoming commonplace for governments, businesses, and schools around the world. That’s driving big demand for technology, including video and virtual events, and augmented reality solutions.