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Virtual Event Platform Market by Component (Services, Software), Organization Size (Large Enterprises, Small & Medium-Size Enterprises), End-User - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 184 Pages
SKU # IRE18451540

Description

Virtual Event Platform Market by Component (Services, Software), Organization Size (Large Enterprises, Small & Medium-Size Enterprises), End-User - Global Forecast 2024-2030


The Virtual Event Platform Market size was estimated at USD 7.80 billion in 2023 and expected to reach USD 9.09 billion in 2024, at a CAGR 16.97% to reach USD 23.38 billion by 2030.

Global Virtual Event Platform MarketA virtual event platform enables people to host and attend events in a virtual setting. It provides powerful tools and features that allow organizers to develop engaging and immersive virtual events, connecting people worldwide and breaking barriers for global audiences. The market is compelled by the increased demand for cloud-based services among small and medium-sized businesses to enhance the quality of online meetings and conferences. Lack of technical expertise, communication infrastructure, and network inconsistency can challenge product penetration in the market. The current data privacy and security concerns associated with virtual events platforms may impede this progress moderately, given their complex structure. Additionally, incorporating innovative technologies such as augmented and virtual reality allow 3D live streaming in digital events and presents various opportunities for businesses to expand their portfolio and increase profitability.

Regional Insights

The Americas region is witnessing significant growth, including the rising need for enhanced virtual event platforms and rapid adoption of cloud services to boost the demand for visitor management systems in this region. Europe is expected to show significant growth for visitor management systems, owing to the presence of major market players and the growing adoption of virtual event platforms in multiple organizations across the region. Additionally, deploying high-speed 5G networks across the region is expected to create lucrative opportunities for virtual events. Government initiatives such as smart cities and industrialization across Middle East countries encourage digital innovation and high-speed network connection that drives the demand for virtual event platforms in the region. A growing consumer base and a rise in adopting digital media for communication intents in the Asia-Pacific region are expected to drive market growth.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Virtual Event Platform Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Virtual Event Platform Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Virtual Event Platform Market, highlighting leading vendors and their innovative profiles. These include Accelevents, Inc., Airmeet Inc., Balloon Technologies Inc., Bevy Labs, Inc., BigMarker.com, LLC, Bizzabo, Brandlive, Inc., Brella Oy, Inc., Canapii Limited, Cisco Systems, Inc., Cvent Inc., Dreamcast Inc., Dura 6C, LLC, Event Cadence, Inc., Eventcombo, Eventee s.r.o., EventMobi, EventX Limited, Filo Software, Inc., Floor by Ten Times Online Pvt. Ltd., Glue Up by EventBank, Inc., Goldcast Inc., HexaFair, Hopin Ltd., Hubilo Technologies Inc., ibentos LLP, InEvent, Inc., Infoneedle, Inc., Introvoke Inc., Livestorm Inc., Microsoft Corporation, Moment Solutions, MyOnvent AS, Nunify Tech Inc., ON24, Inc., Party Space Inc., PheedLoop Inc., RegFox by Webconnex LLC, Remo USA, Inc., Run The World, Social27 Inc., Splash by One Clipboard, Inc., Swapcard, Swoogo, vFairs LLC, Welcome by Gather Wholesale, Inc., Whova Inc., Zoom Video Communications, Inc., and Zuddl by Joyn Experiences Inc..

Market Segmentation & Coverage

This research report categorizes the Virtual Event Platform Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Services
Support & Maintenance

Training & Consulting
Software
Content Management Software

Interactive Engagement Software

Networking Software

Video Conferencing Software

Virtual Exhibit Hall Software
Organization Size
Large Enterprises
Small & Medium-Size Enterprises
End-User
Academic Institutions
Event Management Agencies
Trade Show Organizers
​​Enterprise/Corporates
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Virtual Event Platform Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Virtual Event Platform Market?
3. What are the technology trends and regulatory frameworks in the Virtual Event Platform Market?
4. What is the market share of the leading vendors in the Virtual Event Platform Market?
5. Which modes and strategic moves are suitable for entering the Virtual Event Platform Market?

Note: PDF & Excel + Online Access - 1 Year

Table of Contents

184 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Virtual Event Platform Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Adoption of digital media marketing platform to expand the audience base
5.1.1.2. Rise in popularity of online streaming to replace in-person presentation
5.1.1.3. Increased popularity of cloud based services in small and medium enterprises to enhance the experiences of online meetings and conferences
5.1.2. Restraints
5.1.2.1. Lack of technological expertise and communication infrastructure along with network inconsistency
5.1.3. Opportunities
5.1.3.1. Automation and advancement in AI to improve the audience experience
5.1.3.2. Incorporation of innovation technologies such as AR and VR to allow 3D live streaming in digital events
5.1.4. Challenges
5.1.4.1. Data privacy and security concerns associated with virtual events platform
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Virtual Event Platform Market, by Component
6.1. Introduction
6.2. Services
6.3.1. Support & Maintenance
6.3.2. Training & Consulting
6.3. Software
6.4.1. Content Management Software
6.4.2. Interactive Engagement Software
6.4.3. Networking Software
6.4.4. Video Conferencing Software
6.4.5. Virtual Exhibit Hall Software
7. Virtual Event Platform Market, by Organization Size
7.1. Introduction
7.2. Large Enterprises
7.3. Small & Medium-Size Enterprises
8. Virtual Event Platform Market, by End-User
8.1. Introduction
8.2. Academic Institutions
8.3. Event Management Agencies
8.4. Trade Show Organizers
8.5. ​​Enterprise/Corporates
9. Americas Virtual Event Platform Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Virtual Event Platform Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Virtual Event Platform Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Merger & Acquisition
12.3.1.1. Vault-Firsthand Acquires Leading Virtual Event Platform CareerEco.
12.3.1.2. Fluxon Breaks Into the Metaverse With the Acquisition of Pluto, a 3D Virtual Events Platform.
12.3.2. Agreement, Collaboration, & Partnership
12.3.2.1. Jugo becomes official digital events partner for Arsenal.
12.3.2.2. Simplenight signs strategic technology agreement to tap Sabre's expansive travel content and virtual payments platform.
12.3.2.3. Freeman Partners With Hubilo For Turn-Key Virtual And Hybrid Solution.
12.3.3. Investment & Funding
12.3.3.1. Hong Kong’s offline and virtual events platform EventX closes USD 18 Million Series B
12.3.3.2. Virtual events platform Zuddl raises USD 13.35 million led by Alpha Wave Incubation.
12.3.3.3. Virtual events platform Hubilo raises about USD 125 Million (Rs 943 crore) in funding led by Alkeon Capital.
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Accelevents, Inc.
13.1.2. Airmeet Inc.
13.1.3. Balloon Technologies Inc.
13.1.4. Bevy Labs, Inc.
13.1.5. BigMarker.com, LLC
13.1.6. Bizzabo
13.1.7. Brandlive, Inc.
13.1.8. Brella Oy, Inc.
13.1.9. Canapii Limited
13.1.10. Cisco Systems, Inc.
13.1.11. Cvent Inc.
13.1.12. Dreamcast Inc.
13.1.13. Dura 6C, LLC
13.1.14. Event Cadence, Inc.
13.1.15. Eventcombo
13.1.16. Eventee s.r.o.
13.1.17. EventMobi
13.1.18. EventX Limited
13.1.19. Filo Software, Inc.
13.1.20. Floor by Ten Times Online Pvt. Ltd.
13.1.21. Glue Up by EventBank, Inc.
13.1.22. Goldcast Inc.
13.1.23. HexaFair
13.1.24. Hopin Ltd.
13.1.25. Hubilo Technologies Inc.
13.1.26. ibentos LLP
13.1.27. InEvent, Inc.
13.1.28. Infoneedle, Inc.
13.1.29. Introvoke Inc.
13.1.30. Livestorm Inc.
13.1.31. Microsoft Corporation
13.1.32. Moment Solutions
13.1.33. MyOnvent AS
13.1.34. Nunify Tech Inc.
13.1.35. ON24, Inc.
13.1.36. Party Space Inc.
13.1.37. PheedLoop Inc.
13.1.38. RegFox by Webconnex LLC
13.1.39. Remo USA, Inc.
13.1.40. Run The World
13.1.41. Social27 Inc.
13.1.42. Splash by One Clipboard, Inc.
13.1.43. Swapcard
13.1.44. Swoogo
13.1.45. vFairs LLC
13.1.46. Welcome by Gather Wholesale, Inc.
13.1.47. Whova Inc.
13.1.48. Zoom Video Communications, Inc.
13.1.49. Zuddl by Joyn Experiences Inc.
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. VIRTUAL EVENT PLATFORM MARKET RESEARCH PROCESS
FIGURE 2. VIRTUAL EVENT PLATFORM MARKET SIZE, 2023 VS 2030
FIGURE 3. VIRTUAL EVENT PLATFORM MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. VIRTUAL EVENT PLATFORM MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. VIRTUAL EVENT PLATFORM MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. VIRTUAL EVENT PLATFORM MARKET DYNAMICS
FIGURE 7. VIRTUAL EVENT PLATFORM MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 8. VIRTUAL EVENT PLATFORM MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. VIRTUAL EVENT PLATFORM MARKET SIZE, BY ORGANIZATION SIZE, 2023 VS 2030 (%)
FIGURE 10. VIRTUAL EVENT PLATFORM MARKET SIZE, BY ORGANIZATION SIZE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. VIRTUAL EVENT PLATFORM MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 12. VIRTUAL EVENT PLATFORM MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS VIRTUAL EVENT PLATFORM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS VIRTUAL EVENT PLATFORM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES VIRTUAL EVENT PLATFORM MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES VIRTUAL EVENT PLATFORM MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC VIRTUAL EVENT PLATFORM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC VIRTUAL EVENT PLATFORM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA VIRTUAL EVENT PLATFORM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA VIRTUAL EVENT PLATFORM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. VIRTUAL EVENT PLATFORM MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. VIRTUAL EVENT PLATFORM MARKET SHARE, BY KEY PLAYER, 2023

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