Dublin, Aug. 26, 2021 (GLOBE NEWSWIRE) — The “Virtual Events Market Size, Share & Trends Analysis Report by Event Type, by Service, by Establishment Size, by End-use, by Application, by Industry Vertical, by Use-case, by Region, and Segment Forecasts, 2021 – 2028” report has been added to ResearchAndMarkets.com’s offering.
The global virtual events market size is estimated to reach USD 504.76 billion by 2028, recording an estimated CAGR of 23.7% from 2021 to 2028. The significant rise in business events and increasing adoption of virtual tools, infrastructure, and services by organizations for conducting or attending business meetings across the world is expected to keep the growth of the market high. Furthermore, rapid urbanization and continuous developments of technologies for the convenience of users are also anticipated to aid the growth of the market.
Virtual event platforms have been widely adopted by small and medium businesses for event outsourcing and analytics, content and social media development, access management, and event marketing. In December 2020, 6Connex launched a virtual winter event, Winter Celebration in Virtual Downtown Square that involved holiday-themed virtual venues, music, and movies for friends and families to connect and celebrate. The integration of Artificial Intelligence (AI) with business communication platforms has enabled professionals to save time, increase their productivity, and efficiently improve the workflow of the organization. The adoption of virtual events is surging across various industrial verticals, such as manufacturing, retail, media and entertainment, education and academics, and healthcare, among other prominent sectors.
The market has witnessed substantial growth due to the outbreak of the Covid-19 pandemic, as many organizations had to run their businesses through online platforms. Corporate meetings in various sectors are being conducted virtually to maintain the workflow. The healthcare industry largely deployed digital platforms to monitor patients remotely. In March 2020, Cisco Systems Inc. announced that its offerings, such as the Cisco Webex platform, enterprise solution for online meetings, video conferencing, and webinars, were being deployed by 17,000 healthcare organizations across 118 countries for offering telehealth services.
Virtual Events Market Report Highlights
- Digital event providers are investing in advanced technology to cater to the growing demand of corporates and organizations from online platforms
- By service, the training service segment is anticipated to witness the fastest growth from 2021 to 2028
- The virtual exhibitions and tradeshows segment accounted for the largest revenue share of over 30.0% in 2020
- The Banking, Financial Services, and Insurance (BFSI) segment is anticipated to record the fastest CAGR over the forecast period
- The large-scale events use-case segment captured the largest revenue share in 2020 and is expected to maintain its dominance over the next seven years
- The Asia Pacific region is expected to register the fastest CAGR of over 26.0% from 2021 to 2028
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Virtual Events Industry Outlook
3.1. Market Segmentation
3.2. Market Size and Growth Prospects
3.3. Virtual Events Value Chain Analysis
3.4. Virtual Events Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Surge in the number of business events
3.4.1.2. Time-saving & cost-effective alternative for organizers as well as participants
3.4.1.3. Growing popularity of Unified Communication as a Service (UCAAS)
3.4.2. Market restraint analysis
3.4.2.1. Data security and privacy concerns
3.4.2.2. Threat from open-source virtual event solution providers
3.5. Virtual Events – Key Competitor Analysis, 2020
3.6. Virtual Events Market PEST analysis
3.7. Virtual Events Market Porter’s analysis
Chapter 4. Virtual Events Event Type Outlook
4.1. Internal Event
4.1.1. Global market estimates and forecasts, 2016 – 2028
4.2. External Event
4.2.1. Global market estimates and forecasts, 2016 – 2028
4.3. Extended Event
4.3.1. Global market estimates and forecasts, 2016 – 2028
Chapter 5. Virtual Events Service Outlook
5.1. Communication
5.1.1. Global market estimates and forecasts, 2016 – 2028
5.2. Recruitment
5.2.1. Global market estimates and forecasts, 2016 – 2028
5.3. Sales & Marketing
5.3.1. Global market estimates and forecasts, 2016 – 2028
5.4. Training
5.4.1. Global market estimates and forecasts, 2016 – 2028
Chapter 6. Virtual Events Establishment Size Outlook
6.1. SMBs
6.1.1. Global market estimates and forecasts, 2016 – 2028
6.2. Large Enterprises
6.2.1. Global market estimates and forecasts, 2016 – 2028
Chapter 7. Virtual Events End-use Outlook
7.1. Educational Institutions
7.1.1. Global market estimates and forecasts, 2016 – 2028
7.2. Enterprises
7.2.1. Global market estimates and forecasts, 2016 – 2028
7.3. Organizations
7.3.1. Global market estimates and forecasts, 2016 – 2028
7.4. Others
7.4.1. Global market estimates and forecasts, 2016 – 2028
Chapter 8. Virtual Events Application Outlook
8.1. Conferences
8.1.1. Global market estimates and forecasts, 2016 – 2028
8.2. Exhibitions/Trade Shows
8.2.1. Global market estimates and forecasts, 2016 – 2028
8.3. Summits
8.3.1. Global market estimates and forecasts, 2016 – 2028
8.4. Others
8.4.1. Global market estimates and forecasts, 2016 – 2028
Chapter 9. Virtual Events Industry Vertical Outlook
9.1. BFSI
9.1.1. Global market estimates and forecasts, 2016 – 2028
9.2. Consumer Electronics
9.2.1. Global market estimates and forecasts, 2016 – 2028
9.3. Healthcare
9.3.1. Global market estimates and forecasts, 2016 – 2028
9.4. Information Technology
9.4.1. Global market estimates and forecasts, 2016 – 2028
9.5. Manufacturing
9.5.1. Global market estimates and forecasts, 2016 – 2028
9.6. Media & Entertainment
9.6.1. Global market estimates and forecasts, 2016 – 2028
9.7. Telecom
9.7.1. Global market estimates and forecasts, 2016 – 2028
9.8. Others
9.8.1. Global market estimates and forecasts, 2016 – 2028
Chapter 10. Virtual Events Use-case Outlook
10.1. Large-scale Events
10.1.1. Global market estimates and forecasts, 2016 – 2028
10.2. Everyday Events
10.2.1. Global market estimates and forecasts, 2016 – 2028
Chapter 11. Virtual Events Regional Outlook
Chapter 12. Competitive Landscape
12.1. 6Connex
12.1.1. Company overview
12.1.2. Financial performance
12.1.3. Product benchmarking
12.1.4. Strategic initiatives
12.1.5. Feature analysis
12.1.6. Pricing analysis
12.1.7. Case studies
12.2. ALIVE
12.2.1. Company overview
12.2.2. Financial performance
12.2.3. Product benchmarking
12.2.4. Strategic initiatives
12.2.5. Feature analysis
12.2.6. Pricing analysis
12.2.7. Case studies
12.3. Avaya Inc.
12.3.1. Company overview
12.3.2. Financial performance
12.3.3. Product benchmarking
12.3.4. Strategic initiatives
12.3.5. Feature analysis
12.3.6. Pricing analysis
12.3.7. Case studies
12.4. ALE International
12.4.1. Company overview
12.4.2. Financial performance
12.4.3. Product benchmarking
12.4.4. Strategic initiatives
12.4.5. Feature analysis
12.4.6. Pricing analysis
12.4.7. Case studies
12.5. Arkadin Cloud Communications
12.5.1. Company overview
12.5.2. Financial performance
12.5.3. Product benchmarking
12.5.4. Strategic initiatives
12.5.5. Feature analysis
12.5.6. Pricing analysis
12.5.7. Case studies
12.6. Cisco Systems, Inc.
12.6.1. Company overview
12.6.2. Financial performance
12.6.3. Product benchmarking
12.6.4. Strategic initiatives
12.6.5. Feature analysis
12.6.6. Pricing analysis
12.6.7. Case studies
12.7. Cvent Inc.
12.7.1. Company overview
12.7.2. Financial performance
12.7.3. Product benchmarking
12.7.4. Strategic initiatives
12.7.5. Feature analysis
12.7.6. Pricing analysis
12.7.7. Case studies
12.8. Eventxtra
12.8.1. Company overview
12.8.2. Financial performance
12.8.3. Product benchmarking
12.8.4. Strategic initiatives
12.8.5. Feature analysis
12.8.6. Pricing analysis
12.8.7. Case studies
12.9. George P. Johnson
12.9.1. Company overview
12.9.2. Financial performance
12.9.3. Product benchmarking
12.9.4. Strategic initiatives
12.9.5. Feature analysis
12.9.6. Pricing analysis
12.9.7. Case studies
12.10. GES
12.10.1. Company overview
12.10.2. Financial performance
12.10.3. Product benchmarking
12.10.4. Strategic initiatives
12.10.5. Feature analysis
12.10.6. Pricing analysis
12.10.7. Case studies
12.11. Kestone
12.11.1. Company overview
12.11.2. Financial performance
12.11.3. Product benchmarking
12.11.4. Strategic initiatives
12.11.5. Feature analysis
12.11.6. Pricing analysis
12.11.7. Case studies
12.12. Martiz Holdings Inc.
12.12.1. Company overview
12.12.2. Financial performance
12.12.3. Product benchmarking
12.12.4. Strategic initiatives
12.12.5. Feature analysis
12.12.6. Pricing analysis
12.12.7. Case studies
12.13. Microsoft Corporation
12.13.1. Company overview
12.13.2. Financial performance
12.13.3. Product benchmarking
12.13.4. Strategic initiatives
12.13.5. Feature analysis
12.13.6. Pricing analysis
12.13.7. Case studies
12.14. Pathable, Inc.
12.14.1. Company overview
12.14.2. Financial performance
12.14.3. Product benchmarking
12.14.4. Strategic initiatives
12.14.5. Feature analysis
12.14.6. Pricing analysis
12.14.7. Case studies
12.15. uBivent GmbH
12.15.1. Company overview
12.15.2. Financial performance
12.15.3. Product benchmarking
12.15.4. Strategic initiatives
12.15.5. Feature analysis
12.15.6. Pricing analysis
12.15.7. Case studies
12.16. Veritas Events
12.16.1. Company overview
12.16.2. Financial performance
12.16.3. Product benchmarking
12.16.4. Strategic initiatives
12.16.5. Feature analysis
12.16.6. Pricing analysis
12.16.7. Case studies
12.17. vFairs
12.17.1. Company overview
12.17.2. Financial performance
12.17.3. Product benchmarking
12.17.4. Strategic initiatives
12.17.5. Feature analysis
12.17.6. Pricing analysis
12.17.7. Case studies
12.18. Zoom Communications, Inc.
12.18.1. Company overview
12.18.2. Financial performance
12.18.3. Product benchmarking
12.18.4. Strategic initiatives
12.18.5. Feature analysis
12.18.6. Pricing analysis
12.18.7. Case studies
For more information about this report visit https://www.researchandmarkets.com/r/i09gwr
