Virtual Events Market Size is projected to reach USD 617.33 billion by 2030, growing at a CAGR of 21.1%: Straits Research - GlobeNewswire

2 years ago 69

New York, United States, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Virtual events are referred to arsenic online exhibitions, specified arsenic video conferencing, web conferencing, communication, and societal networking sessions that tin beryllium enabled connected smartphones, desktops, laptops, and tablets. Increasing demand for virtual events has compelled the companies to denote the motorboat of caller products, supply further information, and get caller vendors.

Various industries are adopting caller approaches to optimize enactment situation and signifier societal distancing. The automotive industry is conducting virtual inspection successful bid to minimize accumulation losses and requirements for trained staff. Sectors specified arsenic healthcare, hospitality, and concern and banking are organizing seminars and meetings that tin beryllium attended done smartphones, desktops, laptops, and tablets. Furthermore, immoderate countries are providing escaped acquisition sessions that assistance successful reducing expenses and improving student’s knowledge. Apart from this, respective organizations and IT firms are holding firm events for their employees, concern partners, and clients to motorboat and beforehand caller products.

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Report Scope

Report Metric	Details
Market Size	USD 617.33 cardinal by 2030
CAGR	21.1% (2022-2030)
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, End-user, Region
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Adobe Systems, Avaya, Cisco Systems, Citrix Systems, IBM, Microsoft, Mitel Networks, Alcatel-Lucent, Atlassian, BroadSoft, COREX, Huawei, Toshiba, Ubivent, Zoom Video Communications
Key Market Opportunities	Content transportation successful a virtual format is expected to inclination among modern consumers successful the adjacent future.
Key Market Drivers	Growing Adoption of Digital Media Marketing Platform Drives the Market Growth The rising Popularity of Online Streaming Drives the Market Growth

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Regional Analysis

Due to a extremist alteration toward online connection platforms and tools for sporting events, acquisition seminars, marathons, movie festivals, and different events, North America presently holds the highest proportionality of the virtual events market. The beingness of large corporations similar Microsoft, Google, and Facebook arsenic good arsenic respective up-and-coming players benefits the region. Over 800 euphony festivals are held successful the United States unsocial each year, drafting implicit a cardinal attendees, according to Billboard.

Key Highlights

The global virtual events marketplace size was valued astatine USD 110.21 cardinal successful 2021 and is projected to scope USD 617.33 cardinal by 2030 astatine a CAGR of 21.1% from 2022 to 2030.
Corporate End User Segment is expected to beryllium the starring conception successful Virtual Events Market during the forecast period.
North America is expected to clasp the highest marketplace stock successful Virtual Events Market.

Competitive Players successful the Global Virtual Events Market

Adobe Systems
Avaya
Cisco Systems
Citrix Systems
IBM
Microsoft
Mitel Networks
Alcatel-Lucent
Atlassian
BroadSoft
COREX
Huawei
Toshiba
Ubivent
Zoom Video Communications

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Virtual Events Market: Segmentation

By Type

UC&C and Video Conferencing
Web Conferencing

By End-User

Education
Healthcare
Corporate
Government
Banking and Finance

By Region

North America
Europe
Asia-Pacific
SAMEA

TABLE OF CONTENT

1 Introduction

1.1 Market Definition

1.2 Market Scope

2 Research Methodology

2.1 Primary Research

2.2 Research Methodology

2.3 Assumptions & Exclusions

2.4 Secondary Data Sources

3 Market Overview

3.1 Report Segmentation & Scope

3.2 Value Chain Analysis: Virtual Events Market

3.3 Key Market Trends

3.3.1 Drivers

3.3.2 Restraints

3.3.3 Opportunities

3.4 Porter’s Five Forces Analysis

3.4.1 Bargaining Power of Suppliers

3.4.2 Bargaining Power of Buyers

3.4.3 Threat of Substitution

3.4.4 Threat of New Entrants

3.4.5 Competitive Rivalry

3.5 Impact of the Coronavirus connected Market

3.6 Market Share Analysis

4 Type Overview

4.1 Introduction

4.1.1 Market Size & Forecast, 2020-2030, (USD Million)

4.2 UC&C and Video Conferencing

4.2.1 Market Size & Forecast, 2020-2030, (USD Million)

4.3 Web conferencing

4.3.1 Market Size & Forecast, 2020-2030, (USD Million)

5 End-Users Overview

5.1 Introduction

5.1.1 Market Size & Forecast, 2020-2030, (USD Million)

5.2 Cash Model

5.2.1 Market Size & Forecast, 2020-2030, (USD Million)

5.3 Cashless Model

5.3.1 Market Size & Forecast, 2020-2030, (USD Million)

6 End User Overview

6.1 Introduction

6.1.1 Market Size & Forecast, 2020-2030, (USD Million)

6.2 Education

6.2.1 Market Size & Forecast, 2020-2030, (USD Million)

6.3 Healthcare

6.3.1 Market Size & Forecast, 2020-2030, (USD Million)

6.4 Corporate

6.4.1 Market Size & Forecast, 2020-2030, (USD Million)

6.5 Government

6.5.1 Market Size & Forecast, 2020-2030, (USD Million)

6.6 Banking & Finance

6.6.1 Market Size & Forecast, 2020-2030, (USD Million)

7 Regional Analysis

7.1 Introduction

7.1.1 Market Size & Forecast, 2020-2030, (USD Million)

7.2 North America

7.2.1 Market Size & Forecast, 2020-2030, (USD Million)

7.2.2 The U.S.

7.2.2.1 By Type

7.2.2.2 By End-Users

7.2.3 Canada

7.2.3.1 By Type

7.2.3.2 By End-Users

7.2.4 Mexico

7.2.4.1 By Type

7.2.4.2 By End-Users

7.3 Europe

7.3.1 Market Size & Forecast, 2020-2030, (USD Million)

7.3.2 Germany

7.3.2.1 By Type

7.3.2.2 By End-Users

7.3.3 France

7.3.3.1 By Type

7.3.3.2 By End-Users

7.3.4 The U.K.

7.3.4.1 By Type

7.3.4.2 By End-Users

7.3.5 Italy

7.3.5.1 By Type

7.3.5.2 By End-Users

7.3.6 Spain

7.3.6.1 By Type

7.3.6.2 By End-Users

7.3.7 Benelux

7.3.7.1 By Type

7.3.7.2 By End-Users

7.3.8 Russia

7.3.8.1 By Type

7.3.8.2 By End-Users

7.3.9 The Rest of Europe

7.3.9.1 By Type

7.3.9.2 By End-Users

7.4 Asia-Pacific

7.4.1 Market Size & Forecast, 2020-2030, (USD Million)

7.4.2 Japan

7.4.2.1 By Type

7.4.2.2 By End-Users

7.4.3 China

7.4.3.1 By Type

7.4.3.2 By End-Users

7.4.4 Australia

7.4.4.1 By Type

7.4.4.2 By End-Users

7.4.5 India

7.4.5.1 By Type

7.4.5.2 By End-Users

7.4.6 South Korea

7.4.6.1 By Type

7.4.6.2 By End-Users

7.4.7 Southeast Asia

7.4.7.1 By Type

7.4.7.2 By End-Users

7.4.8 Taiwan

7.4.8.1 By Type

7.4.8.2 By End-Users

7.4.9 The Rest of Asia-Pacific

7.4.9.1 By Type

7.4.9.2 By End-Users

7.5 MEA

7.5.1 Market Size & Forecast, 2020-2030, (USD Million)

7.5.2 Saudi Arabia

7.5.2.1 By Type

7.5.2.2 By End-Users

7.5.3 South Africa

7.5.3.1 By Type

7.5.3.2 By End-Users

7.5.4 The UAE

7.5.4.1 By Type

7.5.4.2 By End-Users

7.5.5 Egypt

7.5.5.1 By Type

7.5.5.2 By End-Users

7.5.6 The Rest of MEA

7.5.6.1 By Type

7.5.6.2 By End-Users

7.6 South America

7.6.1 Market Size & Forecast, 2020-2030, (USD Million)

7.6.2 Brazil

7.6.2.1 By Type

7.6.2.2 By End-Users

7.6.3 Argentina

7.6.3.1 By Type

7.6.3.2 By End-Users

7.6.4 Chile

7.6.4.1 By Type

7.6.4.2 By End-Users

7.6.5 Peru

7.6.5.1 By Type

7.6.5.2 By End-Users

7.6.6 The Rest of South America

7.6.6.1 By Type

7.6.6.2 By End-Users

8 Company Profile

8.1 Adobe Systems

8.1.1 Company Overview

8.1.2 Financial Performance

8.1.3 Recent Developments

8.1.4 Product Portfolio

8.2 Avaya

8.2.1 Company Overview

8.2.2 Financial Performance

8.2.3 Recent Developments

8.2.4 Product Portfolio

8.3 Cisco Systems

8.3.1 Company Overview

8.3.2 Financial Performance

8.3.3 Recent Developments

8.3.4 Product Portfolio

8.4 Citrix Systems

8.4.1 Company Overview

8.4.2 Financial Performance

8.4.3 Recent Developments

8.4.4 Product Portfolio

8.5 IBM

8.5.1 Company Overview

8.5.2 Financial Performance

8.5.3 Recent Developments

8.5.4 Product Portfolio

8.6 Microsoft

8.6.1 Company Overview

8.6.2 Financial Performance

8.6.3 Recent Developments

8.6.4 Product Portfolio

8.7 Mitel Networks

8.7.1 Company Overview

8.7.2 Financial Performance

8.7.3 Recent Developments

8.7.4 Product Portfolio

8.8 Alcatel-Lucent

8.8.1 Company Overview

8.8.2 Financial Performance

8.8.3 Recent Developments

8.8.4 Product Portfolio

8.9 Atlassian

8.9.1 Company Overview

8.9.2 Financial Performance

8.9.3 Recent Developments

8.9.4 Product Portfolio

8.10 BroadSoft

8.10.1 Company Overview

8.10.2 Financial Performance

8.10.3 Recent Developments

8.10.4 Product Portfolio

Table of Content and Figure @ https://straitsresearch.com/report/virtual-events-market/toc

Key Developments

In June 2020, ReMix Ideas LLC. partnered with Quality Video Service to motorboat a QVC-type virtual level for Black entrepreneurs, Shop Black Live. The level consists Black manner designers, artists, section vendors, and makers. The institution decided to commencement the Shop Black Live lawsuit owed to ongoing inequities that Black entrepreneurs are experiencing owed to systemic racism.
In April 2020, Cisco organized a Live Virtual Event APJC for its chap engineers and experts from crossed Asia-Pacific, Japan, China, and the Indian subcontinent to larn the latest Cisco exertion innovations.
In March 2020, Adobe organized a integer acme to observe merchandise innovations, research merchandise demos, and marque announcements crossed keynotes and breakout sessions.

News Media

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