Virtual Event Platform Market to see Rapid Growth by 2029

The global virtual event platform market is anticipated to grow at a CAGR of around 12% during the forecast period. The significant rise in funding for the expansion of virtual event platforms by major players is the key factor driving the market growth. Major virtual event platforms such as Hopin, TouchCast, Samaaro, Hubilo, Virtual experience company, Brella, among others are raising funds for the market development. For instance, in February 2021, TouchCast, a New York Video Startup that develops a platform aimed at companies to produce lifelike, virtual conferences, and other events has raised funding $55 million. Similarly in June 2021, Virtual event platform Samaaro has raised $125K in angle round. The funding will be used by the company to scale its product, expand the team, and reach global markets. On the other hand, in February 2020, London-based Virtual Events platform Hopin raised $565 million in series C funding. Hopin used the funding amount to accelerate growth, scale operations, and strengthen the team and virtual event platform to address the demands of its expanding customer base and support its multi-product business. Moreover, in December 2020, Bizzabo had raised $138 million for the virtual event platform. Considering this funding by the top platforms, considerable growth can be expected in the global virtual event platforms market during the forecast period. 

Moreover, the key players operating in the market are introducing new virtual event platforms to the market which in turn, driving the market growth. For instance, in May 2021, Zoom has launched Zoom Events Platform for virtual experiences. Zoom Events will enable businesses to host and monetize both small and large events like sales summits and user conferences, aimed at recreating the in-person experience. Furthermore, in July Hubilo Technologies Inc., has introduced its next-generation hybrid event platform, built for engagement and event excellence. On the other hand, in September 2020, Aventri expanded its product offerings by launching the Aventri Virtual Event Platform along with the release of key industry-leading features. These product launches by key players will aid in market growth. 

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Component
By Organization Size
By End-User

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- 6Connex Inc., Cisco Systems, Inc., Cvent Inc., Hopin, Hubilo Softech Private Ltd., Microsoft Corp., Samaaro, Zoom Video Communications, Inc., among others.

Virtual Event Platform Market Report Segment

By Component

Platform
Services
Training and Consulting
Support and Maintenance
Deployment and Integration

By Organization size

Large enterprises
Medium-size enterprises
Small enterprises

By End-User

Non Profit
Government
Education
Healthcare and Lifesciences
Third Party Planner
Associations
Corporations

A full Report of Virtual Event Platform Market is Available @  https://www.omrglobal.com/industry-reports/virtual-event-platform-market

Virtual Event Platform Market Report by Region

North America                                                                                                                                                                            

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles           

6Connex Inc (US)
Accelevents (US)
Airmeet (India)
Aventri, Inc.
com, LLC,
Bizzabo Inc.
Brella Oy, Inc
Cisco Systems, Inc.
Cvent Inc.
Eventcube Solutions Ltd
EventMobi (Canada)
HeySummit (UK)
Hopin (UK), 
Hubilo Softech Private Ltd
Intrado Corp
Livestorm Inc
Microsoft Corp (US)
On24(US)
Orbits Intergalactic Pty Ltd
Pathable, Inc.
PheedLoop Inc 
Run the World (US) 
Samaaro (India), 
Socio Labs LLC
Splash (US), 
SpotMe SA
Vconfex (India), 
vFairs LLC
Zoom Video Communications, Inc.

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