The market for virtual event platforms is anticipated to reach US$7,888 million in 2023. Demand for virtual event platforms is expected to increase dramatically between 2023 and 2033, with a CAGR of 16.6%. Additionally, a market analysis of virtual event platforms predicts that by the end of 2033, the market will be worth US$36,735.8 million.
In 2020, the broad work-from-home trend led to a huge increase in the popularity of virtual conferencing platforms. As a result of the epidemic, integrated virtual meeting platforms were also developed to aid in lowering the number of client meetings and physical gatherings.
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Competitive Landscape
Virtual event platform providers are focusing on mergers and collaboration to expand the scope of their offerings and maximize their business potential across the world.
- In April 2021, 6Connex, a leading virtual and hybrid event platform provider, announced that it had partnered with MediaPlatform to integrate live webcasting with its virtual event platforms, thus enhancing its offerings.
Key Companies Profiled
- Microsoft Corporation
- Cisco Systems
- Zoom Video Communications
- Cvent
- Evenium
- SpotMe
- Cadence
- Cvent Inc.
- 6Connex Inc.
- Hubb LLC.
What will be the performance of the virtual event platforms market globally?
Regional Market in South Asia & Pacific to Expand at Fastest CAGR Throughout the forecast period, the worldwide market for virtual event platforms is expected to be dominated by North America.
The prospective market for virtual event platforms is anticipated to benefit from the presence of important businesses like Apple and Microsoft in this area. Through 2028, growth is anticipated to be boosted by these businesses’ expanding use of online event platforms.
The fast use of virtual conference platforms and online event platforms by end-use industries including banking, healthcare, and finance is expected to create highly lucrative prospects for virtual event platform providers in the South Asia and Pacific area.
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Key Segments of Virtual Event Platforms Industry Survey
Virtual Event Platforms Market by Solution:
Software
- Integrated Virtual Event Platforms
- Standalone Software
Services
- Live Event Support
- Post Event Processing Services
- Event Consulting Services
- Support Services
Virtual Event Platforms Market by Enterprise Size:
- Virtual Event Platforms for SMEs
- Virtual Event Platforms for Large Enterprises
Virtual Event Platforms Market by End User:
- Virtual Event Platforms for Enterprises/Corporates
- Virtual Event Platforms for Event Management Agencies
- Virtual Event Platforms for Academic Institutions
- Virtual Event Platforms for Trade Show Organizers
- Others
Virtual Event Platforms Market by Region:
- North America Virtual Event Platforms Market
- Latin America Virtual Event Platforms Market
- Europe Virtual Event Platforms Market
- East Asia Virtual Event Platforms Market
- South Asia & Pacific Virtual Event Platforms Market
- Middle East & Africa (MEA) Virtual Event Platforms Market
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
4. Virtual Event Platforms, Key Feature Analysis
4.1. Host Live & On-Demand Sessions
4.2. Conduct Live Polling
4.3. Host Live Q&A
4.4. Virtual Event Networking
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