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24/7 Market News: TEN Holdings Turns Up the Volume with Ten Pro Beta and $510B Events Market Opportunity
Globenewswire· 2025-09-24 13:00
Company Overview - TEN Holdings (NASDAQ: XHLD) is a provider of event planning, production, and broadcasting services through its subsidiary Ten Events, aiming to disrupt the $355 billion global corporate events market, projected to reach $510 billion by 2030 at a 10.5% CAGR [1][5] - The company’s Xyvid Pro platform supports virtual, hybrid, and in-person events for Fortune 500 clients across various sectors, capable of delivering broadcasts for up to 80,000 attendees [2] Product Development - The Ten Events Pro ("Ten Pro") platform, currently in beta and set for a Q1 2026 launch, introduces AI-driven analytics, CRM integration, and user-friendly interfaces, enhancing event management from product launches to training certifications [2] - The Early Adopter Program has accelerated development, adding 12 new enterprise clients in 2025, a fourfold increase compared to 2024, and earning G2's "High Performer" badge in Spring 2025 [2] Market Trends - The virtual events segment, valued at $194 billion in 2024, is expected to grow to $617 billion by 2032, reflecting a 21.7% CAGR, driven by hybrid formats and corporate digitalization [3] - TEN's studio network reduces talent travel costs by 30%, indicating operational efficiency and cost-saving potential [3] Strategic Positioning - TEN Holdings is positioning for exponential growth with potential mergers and acquisitions, as indicated by the new CFO's expertise in M&A [3][4] - The company has secured a $20 million equity line and a $1 million buyback, supporting its growth initiatives [2]