Virtual Events Market Size, Industry Statistics, Competitive Landscape and Future Opportunities 2021-26 – Business Merseyside
According to the latest report of the IMARC group, entitled “Virtual Events Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, offers a comprehensive analysis of the sector, which includes information on the virtual events market. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market. the The global virtual events market showed strong growth in 2015-2020.
Virtual events refer to web events that involve individuals interacting in a virtual space through laptops, smartphones, desktops, tablets, etc. events offer cost-effective solutions that bring together diverse attendees in a shared environment for a common goal or objective. Currently, many vendors offer several sophisticated tools that help streamline the overall virtual experience. Virtual events find many applications in various industries including healthcare, hospitality, education, and more.
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We regularly monitor the direct effect of COVID-19[female[feminine in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Global Virtual Events Market Trends:
Changing preferences towards virtual infrastructure among organizations are among the major factors driving the virtual events market. Additionally, the widespread adoption of virtual events by small and large enterprises for social media development, event marketing, event outsourcing analytics, etc., is further catalyzing the growth of the market. Additionally, growing need for video conferencing and communication platforms in the enterprise segment to ensure seamless interactions and business continuity, owing to the sudden onset of the COVID-19 pandemic, is increasing the global market . Additionally, the integration of numerous interactive tools, such as polls, chats, live question and answer (Q&A), etc., to provide a unique interactive experience to users, is also positively influencing the growth of the market. Apart from this, the advent of advanced technologies, such as software-as-a-service (SaaS)-based virtual events that enable organizations to improve event efficiency, is expected to drive the virtual event market during of the forecast period. Due to the above-mentioned factors, the market is expected to grow at a pace CAGR of around 25% during the forecast period (2021-2026).
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Competitive landscape with key players:
The report has also analyzed the competitive landscape of the market with some of the key players.
- Adobe Inc.
- Avaya Holdings Corp.
- Broadsoft Inc.
- Cisco Systems Inc.
- Citrix Systems Inc.
- International Business Machinery
- Microsoft Corporation
- Mitel Networks
- Toshiba Company
- Zoom Video Communications Inc.
Virtual Events Market Segmentation:
Our report has categorized the market based on region, type, solution type, application, and end-use.
Market Breakdown by Type:
- Video conferencing and unified communications and collaborations
- Web conferencing
Breakdown of the market by type of solution:
- Business webinars and streaming
- Networking and collaborations
- Content sharing and media development
- A marketing event
Market Breakdown by Application:
- Virtual conferences
- Virtual fairs
- Online education programs
- Virtual reality exhibitions
Market Breakdown by End Use:
- Health care
- Finance and banking
Market Breakdown by Region:
- North America (USA, 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, Others)
Main highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
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