According to IMARC Group's latest report titled Virtual Events Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, the market is currently witnessing strong growth. The global Virtual Events Market share to exhibit moderate growth during the next five years.
Market Trends:
A virtual event refers to a web-based event that involves individuals interacting in a virtual space through smartphones, laptops, desktop computers, and tablets. Virtual events are web-based events where individuals interact in a virtual space via internet connectivity and smart devices. It incorporates breakout sessions, video and web conferencing, social networking, etc. Virtual events are more personalized and cost-effective than conventional conferencing methods. They are widely used across various sectors, including corporate, healthcare, education, hospitality and banking, financial services, and insurance (BFSI).
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Rapid urbanization, coupled with the growing adoption of interactive tools, has augmented the occurrence of virtual events. Several organizations are adopting virtual conferences for event marketing, content and social media development, access management, event outsourcing, etc. Moreover, the integration of various interactive tools, such as polling, chats, and forums, has also upgraded these events. Furthermore, various technological developments, such as the advent of software-as-a-service (SaaS)-based virtual events, are also impelling the market growth. These tools aid in enhancing operations through instant messaging, podcasting, and virtual product experience. Additionally, rapid digitization, along with the widespread adoption of audio and video conferencing for recruitment purposes, is also augmenting the virtual events market.
Competitive Landscape with Key Players:
The report has also analysed the competitive landscape of the market with some of the key players.
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.
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Virtual Events Market Segmentation:
Our report has categorized the market based on Region, Type, Solution Type, Application, and End-Use.
Market Breakup by Type:
Video Conferencing and Unified Communications & Collaborations
Web Conferencing
Market Breakup by Solution Type:
Webinars and Enterprise Streaming
Networking and Collaborations
Content Sharing and Media Development
Event Marketing
Others
Market Breakup by Application:
Virtual Conferences
Virtual Tradeshows
Online Education Programs
Virtual Reality Exhibitions
Others
Market Breakup by End-Use:
Corporate
Education
Healthcare
Finance and Banking
Government
Others
Market Breakup by Region:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally, and our estimates about the latest market trends and forecasts, are being done after considering the impact of this pandemic.
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About Us
IMARC Group is a leading market research company that offers management strategies and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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.
Source URL - https://www.issuewire.com/virtual-events-market-size-to-expand-at-a-cagr-of-25-during-2021-2026-1698360447849562
