Global Virtual Event Platforms Market, By Component (Software, Services), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), End User (Enterprise/Corporate, Event Management Agencies, Academic Institutions, Trade Show Organizers, Others),Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Virtual Event Platforms Market
Virtual event platforms market size is valued at USD 407,736.2 million by 2028 and is expected to grow at a compound annual growth rate of 23.1% in the forecast period of 2021 to 2028. Data Bridge Market Research report on virtual event platforms provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Virtual event platforms are largely used to make new connections for business. These platforms are easier to host and attend. They convey a greater return on investment (ROI), as they need less of a budget.
The high adoption of virtual event platforms in the healthcare industry to carry out medical conferences and seminars have been directly influencing the growth of virtual event platforms market over the forecast period of 2021 to 2028. Also the rising demand for smart classrooms to deliver quality education and increasing number of online meetings are also flourishing the growth of the virtual event platforms market. Furthermore, the growing technologies such as artificial intelligence and virtual learning are boosting the demand for digital events as they allow 3D live streaming is also acting as an active growth driver towards the growth of the virtual event platforms market. Moreover, the increasing consumer base and increased adoption of digital platforms is creating a huge demand for virtual event platforms as well as lifting the growth of the virtual event platforms market.
However, the data privacy and security concerns and compatibility issues with are acting as the major restrictions for the growth of virtual event platforms in the above mentioned forecasted period, whereas the network discrepancy owing to insufficient bandwidth and unstable internet connections can challenge the virtual event platforms market growth in the forecast period of 2021 to 2028.
Likewise, the growing use of virtual event platforms in small and medium enterprises and large enterprises for businesses to communicate often with distantly located service providers for training, data sharing and discussion meetings will further cater ample new opportunities that will lead to the growth of the virtual event platforms market in the above mentioned forecasted period.
This virtual event platforms market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on virtual event platforms market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Virtual Event Platforms Market Scope and Market Size
Virtual event platforms market is segmented on the basis of component, organization size and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The component segment of the virtual event platforms market is segmented into software and services. Software has further been segmented into integrated virtual event platforms and standalone software. Services have further been segmented into live event support, post event processing services, event consulting services and support services.
- Virtual event platforms market is segmented on the basis of organization size into small and medium-sized enterprises and large enterprises.
- On the basis of end user, the virtual event platforms market is segmented into enterprise/corporate, event management agencies, academic institutions, trade show organizers and others.
Virtual Event Platforms Market Country Level Analysis
Virtual event platforms market is analyzed and market size, volume information is provided by country, component, organization size and end user as referenced above.
The countries covered in the virtual event platforms market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the virtual event platforms market due to the rapid technological enhancements and highly advanced infrastructure in the U.S and Canada in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the increasing consumer base and high adoption of digital platforms for communication purposes in developing countries such as India and China within this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Virtual Event Platforms Market Share Analysis
Virtual event platforms market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to virtual event platforms market.
The major players covered in the virtual event platforms market report are 6Connex, Cvent Inc., KitApps, Inc.Attendify, Hubilo Technologies Inc., Intrado., Livestorm SAS, Pathable, Inc., Planning Pod, Kestone, Skift Inc., meeytoo conferencing GmbH, V2 LLC., vFairs, Whova, Microsoft, Cisco, Zoom Video Communications, Inc., BigMarker, Evenium, SpotMe., Hubb, InEvent Inc., Cadence, and Boomset, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-