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Virtual Event Platform Market 2023 | Future Outlook: 6Connex, Cvent, Remo, Hubilo, vFairs, BigMarker, Zoom, Hopin, Microsoft, Cisco, Kestone, Accelevents, Whova, EventMobi, On24, Vconfex, Samaaro

04-17-2023 01:15 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsnReports

Virtual Event Platform Market

Virtual Event Platform Market

The global virtual event platform market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period, to reach USD30.6 Billion in 2027 from USD 12.4 Billion in 2022. Key factors that are expected to drive the growth of the market area significant shift to remote working and social distancing norms during the pandemic, which drove millions of businesses to cancel their in-person physical events and shift to webinars and virtual events as an alternative to connect with distributed audiences, the sustainable impact of distributed and hybrid work and adoption of digital channels, webinars, and virtual events.

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The virtual event platform market refers to the industry that provides technology solutions for hosting and participating in online events, such as conferences, trade shows, webinars, and meetings. These platforms typically offer a variety of features, including live video streaming, virtual networking, chat and messaging tools, and data analytics.

The market for virtual event platforms has grown rapidly in recent years, driven by the increasing popularity of remote work and the need for businesses to connect with customers and stakeholders in a virtual environment. This trend accelerated even further during the COVID-19 pandemic, as many in-person events were cancelled or moved online.

Virtual event platforms can be used by a wide range of organizations, including businesses, non-profits, educational institutions, and government agencies. These platforms can offer a number of benefits over in-person events, such as lower costs, greater reach, and increased flexibility.

The virtual event platform market is highly competitive, with a variety of vendors offering solutions that range from simple webinar tools to comprehensive virtual event platforms. Some of the key players in this market include 6Connex(US), Cvent(US), Remo(US), Hubilo(US), vFairs(US), BigMarker(US), Zoom(US), Hopin(UK), 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), Splash (US), HeySummit(UK), Pheedloop(Canada), Socio(US), Vconferenceonline(US), SpotMe(Switzerland), Orbits(Australia), Brella(US), Run the World(US) and Eventcube(UK).

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Overall, the virtual event platform market is likely to continue growing as businesses and organizations continue to seek out ways to connect with customers and stakeholders in a virtual environment. As such, this market represents an important area of innovation and growth for technology companies.

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