Virtual event platform market is anticipated to grow at a CAGR of around 12% during the forecast period (2022-2028). The growth of the market is driven by the increasing adoption of digital media marketing platforms to expand the audience base, the rising popularity of online streaming to replace face-to-face presentations, shifting business to a remote working approach, and cloud services gaining popularity among small businesses. Increase the accuracy of customer information collection. Virtual event platforms assist organizations to take their digital event take place and flourish. Zoom, Goggle meets, Microsoft Teams, Eventcube, Filo, Airmeet, Accelevents, fairs, Intrado, Hopin, ON24, or Bizzabo, are some of the popular virtual event platforms for video conferencing or casual virtual meetings or events.
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Geographically, the global virtual event platform market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, ASEAN, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America is anticipated to hold a prominent share and is expected to have a significant hold on the market during the forecast period. The regional growth is attributed to the technological advancements, firm economy, and advanced networking infrastructure in the U.S. and Canada. North America is considered a corporate hub and registers a higher deployment rate of new and advanced technologies. Canada is expected to witness substantial growth over the forecast period owing to the rapid adoption of digitally simulated platforms, particularly in the healthcare sector. Whereas Europe is expected to witness sluggish progression due to a drastic shift in adopting virtual platforms to do business.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Virtual Event Platform Market Report Segment
- Global Virtual Event Platform Market, By Component
o Platform
o Services
o Training and Consulting
o Support and Maintenance
o Deployment and Integration
- Global Virtual Event Platform Market, By Organization size
o Large enterprises
o Medium-size enterprises
o Small enterprises
- Global Virtual Event Platform Market, By End-User
o Non Profit
o Government
o Education
o Healthcare and Lifesciences
o Third Party Planner
o Associations
o Corporations
Global Virtual Event Platform Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Virtual Event Platform market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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