The global virtual events market size was estimated at USD 78.53billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 18.8% from 2023 to 2030. The widespread use of collaboration and communication tools in various industries and industry verticals, including retail & e-commerce, healthcare, manufacturing, construction, and education, among others, is anticipated to boost the market growth during the forecast period.
Read More »January 17, 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 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 online event ticketing market size was valued at USD 55.40 billion in 2022 and is expected to grow at a CAGR of 6.0% from 2023 to 2030. The market is expected to be influenced by the increased adoption of the internet and the rising popularity of mobile applications for online ticket booking of movies, sports events, and live shows. This trend is particularly significant in Asia Pacific, where customers are willing to pay additional internet handling charges to avoid the inconvenience of standing in long queues. These factors have had a positive impact on the market's growth.
Read More »November 24, 2023
The Asia Pacific MICE market size was estimated at USD 183.47 billion in 2023 and is expected to grow at a CAGR of 10.0% from 2024 to 2030. The market penetration of meetings, incentives, conferences, and exhibitions (MICE) has increased as more businesses choose to implement a mixed work culture. The MICE sector is also being driven by an increase in business travelers for corporate events and exhibitions, as well as by elements like employee engagement.
Read More »March 11, 2024
The global immersive entertainment market size was valued at USD 83.82 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 23.6% from 2023 to 2030. The increasing demand for realistic and engaging experiences has fueled advancements in virtual and augmented reality technologies, catering to consumers seeking more immersive content. Additionally, the gaming sector, in particular, has capitalized on this trend by offering cutting-edge graphics, interactive gameplay, and virtual reality experiences, attracting a diverse and dedicated consumer base, thereby driving the market’s expansion.
Read More »December 12, 2023
The global Augmented Reality & Virtual Reality in healthcare market size was valued at USD 2.5 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 18.8% from 2023 to 2030. Technological advancements and digitalization in healthcare, favorable government initiatives, rising healthcare expenditure, growing usage in surgical procedures and medical training are some of the fundamental factors anticipated to boost growth and adoption of the augmented reality (AR) and virtual reality (VR) technologies in the healthcare industry.
Read More »May 18, 2021
The global military simulation and virtual training market size was valued at USD 13.02 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. The rising need for a trained workforce in the navy and rising demand for conventional and unconventional military equipment and software is anticipated to drive the market. Military simulation and virtual training help reduce the wear and tear of equipment, enable cost savings, and provide the ability to meet varied requirements, which results in overall market growth. Governments across the world are reducing military costs due to reduced financial resources
Read More »November 8, 2023
Advances in robotics and artificial intelligence are driving the market for human augmentation. Human augmentation includes physical, genetic, sensory, and cognitive enhancements such as prosthetics, cochlear implants, and brain-computer interfaces. The human augmentation market is rapidly growing as technology advances and more people seek to enhance their abilities and quality of life.
Read More »