Virtual Event Platform Market By Region – Global Opportunities and Forecast, 2021-2028

 Virtual Event Platform Market

Virtual Event Platform Market is projected to reach USD 18,262 million by 2028, registering a CAGR of 12.7% over the forecast period, owing to the growing usage of communication tools in several industries, such as manufacturing and e-commerce. A virtual platform allows users organize conferences, seminar, and virtual meeting and offers features such as one to one interaction with the participants.

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Growth in the Virtual Event Platform Market size is driven by the increasing usage of communication tools across different end-use industry verticals such as healthcare, retail & eCommerce, construction, and education. Rising adoption of virtual event platforms in healthcare industry to arrange medical seminars is likely to offer lucrative opportunities for the market. Also, a surge in the adoption of cloud services by small and medium organizations has boosted the demand for virtual event platform.

Furthermore, augmenting adoption of Unified Communication as a Service (UCaaS)-based solutions by different organizations to allow employees get virtually involved in the business processes and stimulate an effective workflow. Digital platforms enable users participate in any event through a distance irrespective of their location. Thus, companies are adopting virtual event platforms for efficient management of time and resources, thereby augmenting the growth of the market. The coronavirus pandemic has significantly driven the market growth, owing to the adoption of work from home policy by organizations. Thus, the growing trend of remote working has raised the need for virtual events to let businesses connect with the remote workforce and perform their business procedures online.

Asia-Pacific region is projected to emerge as the fastest-growing market over the forecast period, owing to the adoption of latest technologies across the region. Emergence of high-speed 5G network is another major factor bolstering the market growth. Further, the increasing development of start-ups, related to Health care and Education such as BYJU’S, Brainly, Classplus etc. will contribute to the market growth.

Virtual Event Platform Market Segmentation:

Virtual Event Platform Market by Enterprise Size
  • Small & Medium-Sized Enterprises
  • Large Enterprises
Virtual Event Platform Market by End-use
  • Enterprises
  • Healthcare
  • Education
  • Others
Virtual Event Platform Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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