Projected Market value of Virtual Event Platform Market : $18.9 Billion in 2026
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198777256
Key factors that are expected to drive the growth of the market are the increasing adoption of digital media marketing platform to expand the audience base, rise in popularity of online streaming to replace in-person presentation, transition of businesses to remote working approaches, cloud services are gaining popularity in small and medium enterprises and enhance accuracy in collecting customer information. These factors are driving the demand for virtual event platform.
Browse in-depth TOC on "Virtual Event Platform Market"
The virtual event platform market comprises major providers, such as 6Connex(US), Cvent(US), Hopin(UK), Remo(US), Hubilo(US), Vfairs(US), BigMarker(US), Zoom(US), Microsoft(US), Cisco(US), Kestone(India), Accelevents(US), Whova(US), EventMobi(Canada), On24(US), Vconfex(India), Samaaro(India), Aventri(US), Intrado(US), Bizzabo(US), Airmeet(India), Attendify(India), Splas(US), HeySummit(UK), Pheedloop(Canada), Socio(US), Vconferenceonline(US), SpotMe(Switzerland), Orbits(Australia), Brella(US), Run the World(US) and Eventcube(UK). The study includes an in-depth competitive analysis of key players in the virtual event platform market with their company profiles, recent developments, COVID-19 developments, and key market strategies.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=198777256
Platform segment to hold a larger market size during the forecast period
Based on component, the virtual event platform market is segmented into two categories: platform and services. The platform supports recreating in-person event experiences by incorporating emerging technologies such as augmented reality, virtual reality, and 3D simulation to offer virtual communication from remote locations. The platform offers various interactive features including live chat box, live polls, one to one video and audio calls which allows thousands of participants to share information in real-time.
Small enterprises segment to grow at a higher CAGR during the forecast period.
Small enterprises have an overall revenue of less than 0.1 billion dollars. Small enterprises are focusing on capturing the market through various growth strategies and catering to customer demands, resulting in the high adoption of cloud services among small enterprises. These enterprises face greater challenges of limited budget for marketing and sales activities as compared to large enterprises and require better methods to resolve complexities for improving the cost optimization of their business processes. However, the small enterprises segment is expected to grow at a higher CAGR during the forecast period. Virtual event platform supports small enterprises by reducing the overall cost associated with organizing a physical seminar, conference, or meeting. Further, virtual events are quick to arrange, inexpensive, and connect relevant people to meetings irrespective of their locations. These factors are also expected to encourage small enterprises to adopt virtual event platform at a rapid pace.
Third Party Planner segment is expected to grow at a higher CAGR during the forecast period.
The third party planner professional planning organizations such as Martiz. The virtual platform has enabled these planners to expand their audience and inclusivity. They also typically save a lot of time on logistics when hosting a virtual event compared to a live experience. Virtual events are approximately 75% less expensive than in-person experiences, as planners typically save money on staff, venue, setup and takedown, accommodations, meals, travel costs, and more. Working with a third-party planner allows platform providers to focus on internal priorities such as driving registration and creating compelling content instead of external priorities including logistics and vendor management. The market has seen tremendous growth of third-party planners adopting the virtual platform, especially after COVID-19 and with new advancements in technology.
Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/virtual-event-platform-market-198777256.html
North America to account for the highest market share during the forecast period
The virtual event platform market is segmented into five regions: North America, Europe, APAC, MEA, and Latin America. The virtual event platform market report provides insights into these regional markets in terms of market size, growth rates, future trends, market drivers, and COVID-19 impact. North America is expected to hold the highest market share in the overall virtual event platform market during the forecast period. Following North America, Europe is expected to hold the second-highest market share during the forecast period. The presence of many virtual event platform vendors in the US and high awareness among enterprises about the benefits of planned events as part of strong marketing strategies, Investments in various technologies, including AI, IoT, big data, AR, and VR, and the growing rate of adoption of cloud services expected to drive the market in North
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/virtual-event-platform.asp
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Projected Market value of Virtual Event Platform Market : $18.9 Billion in 2026 here
News-ID: 2661892 • Views: 176
More Releases from MarketsandMarkets™
Software Asset Management Market Growth Report, Size Gaining 2022-2026
According to MarketsandMarkets. the global Software Asset Management Market size expected to grow at a Compound Annual Growth Rate (CAGR) of 18.1% during the forecast period, to reach USD 4.8 billion by 2026 from USD 2.0 billion in 2021. Key factors that are expected to drive the growth of the market are the rising need to manage audits and meet regulatory compliance standards, growing need to manage and optimize the
MarketsandMarkets™ predicts IPTV Market Size worth $115.2 billion by 2026
The global IPTV Market size is projected to grow from USD 50.9 billion in 2021 to 115.2 USD billion in 2026, at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period. The major factors driving the growth of the IPTV Market are the growing preference for video-on-demand and growing demand for high-definition channels, Increase in internet video advertising, and rising internet penetration. Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=79583912 Browse in-depth
Veterinary Ultrasound Market worth $449 million by 2027 - Leading Key Players ar …
Veterinary Ultrasound Market is projected to grow from USD 334 million in 2022 to USD 449 million by 2027, at a CAGR of 6.1% from 2022 to 2027, according to a new report by MarketsandMarkets™. With the increasing penetration of pet insurance and the increasing pet care expenditure, access to high-cost diagnostic and treatment procedures for various veterinary health conditions is expected to increase in the coming years. This is
Neuromodulation Market worth $10.4 billion by 2027 - Leading Key Players are Med …
Neuromodulation Market is projected to grow from USD 6.0 billion in 2022 to USD 10.4 billion by 2027, at a CAGR of 11.8% from 2022 to 2027, according to a new report by MarketsandMarkets™. The market is driven by government support for research on neurological disorder along with increasing prevalence of neurological disorders. Emerging economies are expected to provide lucrative growth opportunities for the market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=921&utm_source=openpr&utm_medium=referral Browse in-depth TOC