Virtual Events Market Increasing Significant Opportunity, Application Scope, and Dyanamic Vendors Analysis- Adobe Systems, Avaya, Cisco Systems, Citrix Systems, IBM Corporation, Microsoft

Virtual Events Market Forecast: Market Will Boom In Near Future

𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝗮𝗴𝗲𝘀: [187 Pages]

Shifting theferences of companies to reduce travel expenses is driving the growth of the virtual events market. Virtual events support companies to cater to clients across various countries where the organization does not have a physical presence. Key players are introducing various corporate events to launch new products, customer summits, and product promotions which are again fostering the growth of the market. For instance, in October 2019, OnePlus, a mobile manufacturer in India, launched its new product OnePlus7T in a live event that was telecasted live across the globe via several online platforms. Moreover, the growing adoption of online platforms for such events is further anticipated to propel the growth of the virtual events market. Rapid penetration of virtual events in the education field such as online learning platforms and applications are projected to bring new market opportunities.

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A virtual event is basically an internet-based event that involves participants interacting over the internet, rather than physically meeting each other in an offline venue. Virtual events are often multi-Session online events, which tend to feature webcasts and webinars. Participants can easily communicate with each other using personal computers and text chat/ emoticons. These events generally take place within the group's own virtual space, with all of the group members sharing the same room.

𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:Adobe Systems, Avaya, Cisco Systems, Citrix Systems, IBM Corporation, Microsoft, Mitel Networks, Alcatel-Lucent, Atlassian, BroadSoft, COREX (PTY), Huawei Technologies, Toshiba, ubivent, and Zoom Video Communications.

𝐅𝐨𝐫 𝐢𝐧𝐬𝐭𝐚𝐧𝐜𝐞, 𝐚 𝐜𝐨𝐦𝐩𝐚𝐧𝐲 𝐬𝐮𝐜𝐡 𝐚𝐬 𝐆𝐨𝐨𝐠𝐥𝐞 𝐡𝐚𝐬 𝐢𝐭𝐬 𝐩𝐫𝐞𝐬𝐞𝐧𝐜𝐞 𝐠𝐥𝐨𝐛𝐚𝐥𝐥𝐲 𝐮𝐬𝐞𝐬 𝐯𝐢𝐫𝐭𝐮𝐚𝐥 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐧𝐨𝐭 𝐨𝐧𝐥𝐲 𝐭𝐨 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐞 𝐰𝐢𝐭𝐡 𝐢𝐭𝐬 𝐫𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐨𝐟𝐟𝐢𝐜𝐞𝐬 𝐛𝐮𝐭 𝐚𝐥𝐬𝐨 𝐭𝐨 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐞 𝐰𝐢𝐭𝐡 𝐠𝐥𝐨𝐛𝐚𝐥 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬.

In May 2021, Zoom has launched a paid platform to enable users to host large-scale virtual events. The move comes as several events including large conferences and concerts worldwide continue to be held virtually

In April 2021, Percept digitICE announced the launch of virtual product for Sintex-BAPL

In May 2020, LinkedIn launches a new virtual events tool. It was launched in tandem with a new Polls feature on the professional networking platform and represents a tighter integration between the existing LinkedIn Live and LinkedIn Events products.

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