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Virtual Event Platform Market Share

Report ID: GMI5779
Published Date: May 2023
Report Format: PDF

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Virtual Event Platform Market Share

The major companies operating in the virtual event platform market include

6Connex
Accelevents
Airmeet
Bigmarker
Cisco (Webex)
Cvent
Eventmobi
Hopin
Hubilo
Keystone
Microsoft
On24
Remo
Samaaro
Stova (Aventri)
Vconference online
Vconfex
V Fairs
WHOVA
Zoom

These companies are continuously focusing on innovating and developing new features for their platforms to gain competitive edge in the market.

For instance, in October 2022, Zoom has announced the launch of new Video conferencing platform “Zoom Events” enabling users to produce immersive and engaging virtual experiences. The company aims to enhance the virtual experience and expand their footprint.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of virtual event platform reached USD 11.9 billion in 2022 and will observe over 10% CAGR from 2023 to 2032, due to the rising adoption of digital media platforms to broaden audiences, shift businesses from onsite to remote operations.

The software segment accounted for 80% of the market share in 2022, owing to the growing deployment of technologies, including augmented reality and 3D simulations, to create personalized experiences.

The small enterprise organization segment is estimated to record over 15% CAGR during 2023 to 2032, driven by the increase in marketing and sales challenges with limited budgets.

APAC market size is expected to record over 15% CAGR from 2023-2032 owing to the rising disposable incomes in the region.