Trending Research: Global Virtual Events Market Overview, Opportunities, Analysis, Growth Impact, Regional Outlook

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Virtual events are online exhibitions that include breakout sessions, video conferencing, web conferencing, collaboration tools, communication, and social networking. They are used in various sectors such as education, healthcare, hospitality, and finance and banking. Virtual events can be enabled on smartphones, desktops, laptops, and tablets. They can be used to announce the launch of new products, provide additional information to people, and obtain new vendors. The exhibit below represents the differences between physical events and virtual events. 

Report Consultant analysts forecast the global virtual events market to grow at a CAGR of +21.97% during the period 2017-2023.

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Top Key Players:

Key vendors explained in this report are , Adobe Systems, Avaya, Cisco Systems, Citrix Systems, IBM, Microsoft, Other prominent vendors, 8x8, Mitel Networks, Alcatel-Lucent, Atlassian, BroadSoft, COREX (PTY), Huawei Technologies, Toshiba, ubivent, Zoom Video Communications 

Report Consultant’s report Global Virtual Events Market 2017-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The research on the global Virtual Events will be useful to investors, regularity authorities, and policy makers, state the analysts. Independent research institutions, commercial entities, and non-profit organization in this sector can also benefit from the report. 

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According to the report, one of the major drivers for Virtual Events Market is rise in number of corporate events. Organizations hold corporate events for their employees, business partners, and clients. Events are also organized to launch and promote new products and to celebrate the success of the existing products and services. In addition, events are organized to nurture customer relationships and to foster client relations. Delegates expect meetings and events to be organized with efficient time management.

Further, the report states that one of the major factors hindering the growth of this market is emerging threat from open-source virtual events solutions. Open-source solutions are offering solid competition for commercial enterprise event management software. The open-source software can be downloaded and run on all platforms. As the purchasing and licensing costs of the commercial event management software is high, several micro and small-scale enterprises and individual users opt for open-source products, which are freely available on the Internet. The availability of Virtual Events Market is a major challenge for the propriety event management as a service vendor.

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