Virtual Event Platform Market : Foreseen To Prosper High Growth Industry Innovations Forecasting By 2025

 

  • Virtual event platforms are used to make new connections for business. Virtual event platforms are easier to host and attend. They deliver a greater return on investment (ROI), as they require less of a budget.
  • Events or functions are considered an essential and useful way of communication between clients and companies. Companies, universities, governments, public/private associations, agencies, and hospitality sectors conduct events regularly, which can accelerate the growth of the virtual event platform market.
  • Virtual events are emerging, especially as the world continues to deal with the novel coronavirus.  The current technology has made it possible for firms to host astonishing online events, which can rival in-person versions. Which benefits the both attendees and event planners during the COVID- 19 outbreak. This has triggered the growth of the virtual event platform market during the COVID- 19 outbreak. Furthermore, the virtual event platform market is witnessing higher demand as most companies have adopted the Work-From-Home (WFH) policy owing to the lockdown imposed by COVID-19. Stay-at-home measures have resulted in increased opportunities for industry participants, as corporates are extensively using video conferencing and other communication platforms for business and client meetings, which in turn has enhanced the demand for virtual event platforms across the world.
virtual event platform market

Request a sample to get extensive insights into the Virtual Event Platform Market

Global Virtual Event Platform Market: Dynamics

Global Virtual Event Platform Market: Key Drivers and Restraints

  • The growing popularity of Unified Communication as a Service (UCaaS) among enterprises, corporates, education institutes, and various other organizations across industries is expected to drive the virtual event platform market during the forecast period.
    • For instance- the U.S. based non- profit organization, the Internet Corporation for Assigned Names and Numbers (ICANN), engaged in the maintenance of numerous databases, shifted from an in-person to a virtual event to ensure continuity of its business process during the COVID-19 pandemic. The live gathering was organized by Pathable, Inc., a U.S. based provider of online and web apps for events.
  • Rising adoption of virtual event platforms in the healthcare industry to conduct medical conferences and seminars is expected to enhance the demand for virtual event platforms. In addition, the healthcare sector has witnessed the highest ever peak in webinars and digital meetings during the Covid-19 pandemic, which subsequently fuels the growth of the virtual event platform market.
  • Technologies such as AR and VR are boosting the demand for digital events as they allow 3D live streaming, encouraging the growth of the virtual event platform market.
  • Increasing use of virtual event platforms in small & medium enterprises and large enterprises for businesses to communicate frequently with distantly located service providers for data sharing, training, and discussion meetings is expected to accelerate the growth of the virtual event platform market.

North America to Account for Major Share of the Global Virtual Event Platform Market

  • In terms of region, the global virtual event platform market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • North America is anticipated to lead the global virtual event platform market, due to the stable economy, technological enhancements, and advanced infrastructure in the U.S and Canada, which in turn is expected to accelerate the growth of the virtual event platform market in the region.
  • The virtual event platform market in Asia Pacific is expected to hold significant share due to a vast and rising consumer base and increased adoption of digital platforms for communication purposes in developing countries such as China and India. The Asia Pacific region is expected to witness huge adoption of the technology, aided by high-speed 5G network deployment, which in turn enhances the opportunity for virtual events.
virtual event platform market 1

To understand how our report can bring difference to your business strategy, Ask for a brochure

Global Virtual Event Platform Market: Competitive Landscape

Key Players Operating in the Global Virtual Event Platform Market

Local, regional, and international players are active in the virtual event platform market. The market is highly consolidated, with top manufacturers accounting for approximately 25%–30% of the market share. Key players operating in the global virtual event platform market are:

  • 6Connex
  • BigMarker
  • Cvent Inc.
  • Hubilo Softech Private Limited
  • Intrado Corporation
  • Livestorm SAS
  • Pathable, Inc.
  • Planning Pod
  • SKIFT INC.
  • ubivent GmbH
  • V2, LLC.
  • vFairs.
  • Whova

TMR Latest Press Release:

https://www.prnewswire.com/news-releases/magnifying-use-in-wearables-and-implantable-devices-to-monitor-health-parameters-of-patients-provides-valuable-growth-opportunities-for-chemical-sensors-market—tmr-301269944.html

Comments

Post a Comment

Popular posts from this blog

Packaging and Storage of Olive Oil industry : Global Industry Analysis, Size, Share, Growth, Trends And Forecast

  As olive oil has varied tastes, smell and properties, they’re stored in a different type of containers.   Olive oil packaging   is usually done in bottles and jars primarily made up of glass and plastic. Plastic bottles are made up of high-density polyethylene which is light-weight and unbreakable while glass bottles and jars are made from moulded glass. As manufacturers and customers are moving towards sustainability, there are other packaging materials replacing single-use and non-recyclable packaging material which takes in consideration, cans and tetra packaging in form of metal (tin-coated and steel) and paperboards. Olive Oil Packaging Market- Dynamics Packaging plays a major role when it comes to liquid packaging. Shelf life and durability of olive oil depends on its packaging and storage conditions. It can also help to protect the oil from coming in direct contact with UV present in sunlight, or moisture which can deteriorate the oil. During packaging, olive oil...
Read more

Ceiling Microphone Market Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

  A report by Transparency Market Research (TMR) provides 360-degree analysis of the global Ceiling Microphone market. Hence, readers get access to thorough assessment of important factors including the growth drivers, challenges, R&Ds, and business expansion opportunities in the market during the forecast period, 2022 to 2031. The key objective of the report is to offer a complete assessment of the global market including major leading stakeholders of the Ceiling Microphone industry. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in simple manner. In addition, the report delivers data on the volume, share, revenue, production, and sales in the market. The report by TMR is the end-product of a study performed using different methodologies including the PESTEL, PORTER, and SWOT analysis. The study with the help of these models shed light on the key financial considerations that players in the Cei...
Read more

Optical Sensor Market Analysis, Demand Growth, Current Trends

  The optical sensor market is charting an impressive growth, catalyzed by the quest of numerous end-use industries for a future-benign revolution. According to a latest study published by Transparency Market Research (TMR), the   optical sensor   market will record a value tantamount to ~ US$ 1.4 Bn  in 2019, and will advance at a CAGR of ~ 11%  during 2019-2027. The need for high Internet speed to facilitate seamless operations of IoT devices is projected to exert a strong influence on the landscape. Since the ‘price’ of optical sensors is a key competitive parameter, local players, especially those based in developing countries, tend to penetrate in developed countries and distinguish themselves by offering effective optical sensors – in terms of both, price and operations – which puts a price-reduction pressure on established players. However, the threat of counterfeit optical sensors is leading to shifting interest towards substitute sensors, with phot...
Read more