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Virtual Event Software Market to See Huge Growth with Cvent Inc, Hopin, Hubilo Technologies Inc, InEvent, Inc, Pathable, Inc

06-03-2022 03:22 PM CET | IT, New Media & Software

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
The Virtual Event Software Market report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. The report focuses on global major leading companies providing information such as company profiles, sales, sales revenue, market share and contact information. Finally, the marketing, feasibility of new investment projects is assessed and overall research conclusions offered.

The virtual event software market is expected to grow from US$ 9,675.8 million in 2021 to US$ 24,201.6 million by 2028; it is estimated to register a CAGR of 12.4% from 2021 to 2028.

Rising inclination toward virtual events globally and emergence of live streaming are among the factors driving the demand for virtual event software. Virtual events have gained popularity majorly since COVID-19 pandemic outbreak. Spurred by lockdowns, organizations have resorted to conducting virtual events. It has also been noticed that despite live events are now permitted, 90% of companies are still considering hosting virtual events. Technological developments, such as software-as-a-service-based virtual events, are generating a huge impact on the trend of conducting events virtually. The cloud-based tool allows end users to provide interactive experience while enhancing overall sales experience through podcasting, instant messaging, and virtual product experience. Also, another solution making a positive impact in the growth of virtual events is connect through live streaming. Live streaming events enable larger number of participants to access content resources to assist them align with context better. Thus, due to the increasing adoption of virtual event platform by nearly 80% of event organizers/planners, the growth of the virtual event software market is driven significantly.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPRE00011724/?utm_source=OpenPR&utm_medium=10365

Players operating in the virtual event software market are mainly focused on the development of advanced and efficient products.

In 2021, Hopin is acquiring Boomset to expand its offering into hybrid and in-person events. The acquisition of Boomset adds a range of onsite-focused tools and services to Hopin's already impressive multi-product offering, currently geared mainly toward virtual events. With Boomset, Hopin will be a destination for onsite technology and services, including badges, self-service kiosks, and QR code check-in; access to innovative technology solutions such as tracking management with RFID/UHF/NFC, and cashless payments; and meaningful data insights that include check in/out data, session attendance, lead retrieval, and full event demographics.

In 2021, Hubilo announced its latest release with new features that are designed to improve attendee engagement, foster greater human connection and elevate the ROI of events. The new version of the Hubilo platform includes approximately 50 improvements overall and offers more engagement capabilities than any other event platform currently in the market.

Major Key Players Covered in This Report:
• Cvent Inc.
• EventMobi (5Touch Solutions Inc.)
• Hopin
• Hubilo Technologies Inc.
• InEvent, Inc.
• Pathable, Inc.
• Remo.co
• ubivent GmbH
• vFairs LLC
• Whova Inc.

Rising inclination toward virtual events globally

Rising inclination toward virtual events globally and emergence of live streaming are among the factors driving the demand for virtual event software. Virtual events have gained popularity majorly since COVID-19 pandemic outbreak. Spurred by lockdowns, organizations have resorted to conducting virtual events. It has also been noticed, despite live events are now permitted, 90% of companies are still considering hosting virtual events. Virtual congresses, events, and conferences are crucial economic factors for the event industry; however, such events comprise huge expenditure and long travels for hosts and audiences/attendees. Therefore, to come up with beneficial, ecologically friendly, and cost-efficient alternatives, virtual events, fairs and online conferences are coming into picture. The factors attributing toward the growth of virtual event includes rapid urbanization and high inclination toward using virtual infrastructure, products, and services by event companies. The integration of different interactive tools, including attendee polls, forums, one-on-one or small group networking, and live questions and answers, which helps in improving efficiency of events will continue to drive the growth of the virtual event software market.

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Table Of Contents
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Virtual Event Software Market Landscape
5. Virtual Event Software Market - Key Market Dynamics
6. Virtual Event Software Market - Global Market Analysis
7. Virtual Event Software Market - Revenue And Forecasts To 2028 - Source
8. Virtual Event Software Market - Revenue And Forecasts To 2028 - Nature
9. Virtual Event Software Market - Revenue And Forecasts To 2028 - Format
10. Virtual Event Software Market - Revenue And Forecasts To 2028 - Packaging
11. Virtual Event Software Market - Revenue And Forecasts To 2028 - Distribution Channel
12. Virtual Event Software Market Revenue And Forecasts To 2028 - Geographical Analysis
13. Industry Landscape
14. Virtual Event Software Market, Key Company Profiles
15. Appendix
LIST OF TABLES
LIST OF FIGURES

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Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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