Global Virtual Events Market 2024-2028
Technavio has been monitoring the virtual events market and is forecast to grow by USD 558.9 mn during 2023-2028, accelerating at a CAGR of 30.25% during the forecast period. Our report on the virtual events market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in number of corporate events, growing prominence of social networking sites, and increasing need to improve competitive responsiveness.
Technavio's virtual events market is segmented as below:
By Application
- UC and C and video conferencing
- Web conferencing
By Type
- Webinar
- Conference
- Virtual expo fairs and festivals
- Entertainment
By Geography
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the growing popularity of virtual events in education as one of the prime reasons driving the virtual events market growth during the next few years. Also, increasing use of audio conferencing and video conferencing and increased usage of virtual events for recruitment will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the virtual events market covers the following areas:
- Virtual events market sizing
- Virtual events market forecast
- Virtual events market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading virtual events market vendors that include 8x8 Inc., Active Network LLC, Adobe Inc., ALE International, Atlassian Corp. Plc, Avaya LLC, Aventri Inc., Bizzabo, Cadence Design Systems Inc., Cisco Systems Inc., Cvent Holding Corp., EventX Ltd., Huawei Technologies Co. Ltd., Hubb, International Business Machines Corp., Microsoft Corp., Mitel Networks Corp., Toshiba Corp., Ungerboeck, and Zoom Video Communications Inc.. Also, the virtual events market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.