Virtual Events Market is valued at USD 52.01 Billion in 2017 and expected to reach USD 391.23 Billion by 2027 with a CAGR of 22.36% over the forecast period.
Virtual Events Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Rise in digitalization and cost effective gatherings are key driving factors for the growth of Virtual Events Market.
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Scope of Virtual Events Market Report:
Virtual eventss are the gathering of people from same field and interacting through web environment or virtually through various online platforms. This allow users to meet industry people in their comfort zone. These multi-session eventss provide various features online through webinars and webcasts like one-to-one chats and videoconferencing. The virtual eventss are beneficial for creating similar experience to physical space. The first virtual show as “Convention View” was presented around 1993 and soon in late 2000s virtual eventss got popular as they offer economically effective way to bring attendees from around the globe. As per the report of 2020 by Bizzabo, an events technology company states that 80.2% of events organizers were successful to reach wider audience and around 93% of events professionals are ready to invest in virtual eventss.
During the COVID-19 pandemic, some industries have positive impact and some are struggling. Awareness about social distancing among different groups of citizens gave rise to virtual eventss. From governments, organizations, industries to colleges, schools and institutes, wide variety of eventss likes webinars, meetings, educational classes and more gave significant growth to virtual eventss platforms. These virtual meetings prove to be an efficient way during planning stages as report by Bizzabo, 2019 stated that 89% businesses saved around 200 hours per year by using digital meetings.
Global Virtual Events Market Segmentation:
By Events Type:
Webinars
Online Summit
Conference
Virtual Expo or Fairs
By Business Model:
Paid attendance
Subscription/Membership
Sponsored Eventss
Marketing Eventss
By End-User Type:
Education
Healthcare
Banking
Corporate
Government
The regions covered in this Global Virtual Events Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Virtual Events is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia, Africa, etc.
Key Players for Global Virtual Events Market Report:
Some major key players for Global Virtual Events Market are Cisco Systems, Zoom Video Communications, Microsoft Corp, VFairs, Cvent Inc., Cadence, Google meet and others.
Key Benefits for Global Virtual Events Market Report:
Global Virtual Events Market report covers in-depth historical and forecast analysis.
Global Virtual Events Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Global Virtual Events Market report helps to identify opportunities in marketplace.
Global Virtual Events Market report covers extensive analysis of emerging trends and competitive landscape.
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