According to the latest report by IMARC Group, titled “Virtual Events Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on global virtual events market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global virtual events market size reached US$ 140.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 468.9 Billion by 2028, exhibiting a growth rate (CAGR) of 22.6% during 2023-2028.
Virtual Events Market Overview:
Virtual events, in the realm of modern business and digital technology, represent a transformative approach to hosting conferences, trade shows, seminars, and gatherings in an online environment. They leverage cutting-edge virtual platforms to connect participants from across the globe, transcending geographical boundaries and time zones. Virtual events encompass a wide array of formats, including webinars, virtual conferences, hybrid events that combine in-person and online components, and immersive virtual exhibitions. In essence, virtual events are a dynamic and interactive means of fostering networking, knowledge sharing, and engagement in the digital age, offering businesses and organizations a powerful tool to connect with their audience.
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Virtual Events Market Trends:
The global market is driven by the impact of the COVID-19 pandemic that has accelerated the adoption of virtual events across industries. Businesses, associations, and event organizers swiftly pivoted to online platforms to ensure continuity and engagement when physical gatherings became challenging. This shift has prompted significant investments in virtual event technologies and solutions.
Moreover, the global business landscape is witnessing a shift towards hybrid events, where a blend of virtual and in-person experiences creates a more inclusive and flexible approach to gatherings. This trend is set to endure, as it allows organizations to extend their reach to a broader audience while accommodating individuals who prefer remote participation. Furthermore, advancements in virtual event technology, such as augmented reality (AR) and virtual reality (VR), are enhancing the immersive nature of virtual events.
Virtual Events Market Segmentation:
Competitive Landscape:
Adobe Inc.
Alcatel-Lucent
Atlassian
Avaya Holdings Corp.
Broadsoft Inc.
Cisco Systems Inc.
Citrix Systems Inc.
Huawei
International Business Machines
Microsoft Corporation
Mitel Networks
Toshiba Corporation
Zoom Video Communications Inc.
Breakup by Type:
Video Conferencing and Unified Communications & Collaborations
Web Conferencing
Breakup by Solution Type:
Webinars and Enterprise Streaming
Networking and Collaborations
Content Sharing and Media Development
Event Marketing
Others
Breakup by Application:
Virtual Conferences
Virtual Tradeshows
Online Education Programs
Virtual Reality Exhibitions
Others
Breakup by End-Use:
Corporate
Education
Healthcare
Finance and Banking
Government
Others
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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