Global Virtual Events Platform Market, By Solution (Software, Service), Enterprise Size (Small and Medium Enterprise, Large Enterprise), End User (Enterprise/Corporates, 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 Events Platform Market
Virtual events platform market is expected to reach USD 410,606.40 million by 2028 witnessing market growth at a rate of 23.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on virtual events platform market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
To make new connections for business, virtual event networks are used. Platforms for virtual gatherings are simpler to host and attend. As they need less of a budget, they offer a greater return on investment (ROI). Vendors are providing sophisticated tools to streamline this virtual experience. Work from home guidelines has prompted vendors to incorporate higher bandwidths to ensure smooth workflow.
Increasing popularity of unified communication as a service (UCaaS) among enterprises, corporates, education institutes, and various other organizations across industries, increasing adoption of virtual event platforms in the healthcare industry to conduct medical conferences and seminars, rising demand of VR and AR technologies across business, growing digitalization and increase in the work-from-home (WFH) policy, rise in number of event management companies, time saving and cost-effective alternative for organizers as well as participants are some of the major as well as vital factors which will likely to augment the growth of the virtual events platform market in the projected timeframe of 2021-2028. On the other hand, surging levels of investment for the development of advanced infrastructure along with growing number of technological advancements which will further contribute by generating massive opportunities that will lead to the growth of the virtual events platform market in the above mentioned projected timeframe.
Integrating event management software with important business systems along with compatibility issues at different business levels which will likely to act as market restraints factor for the growth of the virtual events platform in the above mentioned projected timeframe. Network inconsistencies due to insufficient bandwidth and unstable internet connections which will become the biggest and foremost challenge for the growth of the market.
This virtual events platform market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 events platform 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 Events Platform Market Scope and Market Size
Virtual events platform market is segmented on the basis of solution, enterprise size and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Virtual events platform market on the basis of solution has been segmented as software, and service. Software has been further segmented into integrated virtual event platforms, and standalone software. Service has been further segmented into live event support, post event processing services, event consulting services, and support services.
- On the basis of enterprise size, the virtual events platform market has been segmented into small and medium enterprise, and large enterprise.
- Virtual events platform has also been segmented on the basis of end user into enterprise/corporates, event management agencies, academic institutions, trade show organizers, and others.
Virtual Events Platform Market Country Level Analysis
Virtual events platform market is analysed and market size, volume information is provided by country, solution, enterprise size and end user as referenced above.
The countries covered in the virtual events platform 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 will dominate the virtual events platform market due to the surging levels of investment for the development of advanced infrastructure along with growing number of technological enhancements in the region while Asia-Pacific region will expect to grow in the virtual events platform market during the forecast period of 2021-2028 due to the increasing adoption of digital platforms for communication purposes, rising consumer base along with rising demand of high speed 5G network deployment in the 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 Events Platform Market Share Analysis
Virtual events platform 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 events platform market.
The major players covered in the virtual events platform market report are 6Connex; BigMarker; Cvent Inc.; Hubilo Technologies Inc.; Intrado.; Livestorm SAS; Pathable, Inc.; Planning Pod; Skift Inc.; meeytoo conferencing GmbH; V2, LLC.; vFairs; Whova; Microsoft; Cisco; Zoom Video Communications, Inc.; Evenium; SpotMe.; Hubb; InEvent, Inc.; Cadence; KitApps, Inc./Attendify; Boomset, Inc.; Kestone; 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.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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