Virtual Event Platform Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029

The global virtual event platform market is anticipated to grow at a CAGR of around 12% during the forecast period. The significant rise in funding for the expansion of virtual event platforms by major players is the key factor driving the market growth. Major virtual event platforms such as Hopin, TouchCast, Samaaro, Hubilo, Virtual experience company, Brella, among others are raising funds for the market development. For instance, in February 2021, TouchCast, a New York Video Startup that develops a platform aimed at companies to produce lifelike, virtual conferences, and other events has raised funding $55 million. Similarly in June 2021, Virtual event platform Samaaro has raised $125K in angle round. The funding will be used by the company to scale its product, expand the team, and reach global markets. On the other hand, in February 2020, London-based Virtual Events platform Hopin raised $565 million in series C funding. Hopin used the funding amount to accelerate growth, scale operations, and strengthen the team and virtual event platform to address the demands of its expanding customer base and support its multi-product business. Moreover, in December 2020, Bizzabo had raised $138 million for the virtual event platform. Considering this funding by the top platforms, considerable growth can be expected in the global virtual event platforms market during the forecast period. 

Moreover, the key players operating in the market are introducing new virtual event platforms to the market which in turn, driving the market growth. For instance, in May 2021, Zoom has launched Zoom Events Platform for virtual experiences. Zoom Events will enable businesses to host and monetize both small and large events like sales summits and user conferences, aimed at recreating the in-person experience. Furthermore, in July Hubilo Technologies Inc., has introduced its next-generation hybrid event platform, built for engagement and event excellence. On the other hand, in September 2020, Aventri expanded its product offerings by launching the Aventri Virtual Event Platform along with the release of key industry-leading features. These product launches by key players will aid in market growth. 

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Market Coverage

                 The market number available for – 2022-2030

                 Base year- 2022

                 Forecast period- 2023-2030

Segment Covered- 

                 By Component

                 By Organization Size

                 By End-User

Regions Covered-

                 North America

                 Europe

                 Asia-Pacific

                 Rest of the World

                 Competitive Landscape- 6Connex Inc., Cisco Systems, Inc., Cvent Inc., Hopin, Hubilo Softech Private Ltd., Microsoft Corp., Samaaro, Zoom Video Communications, Inc., among others.

Virtual Event Platform Market Report Segment

By Component

                 Platform

                 Services

                 Training and Consulting

                 Support and Maintenance

                 Deployment and Integration

By Organization size

                 Large enterprises

                 Medium-size enterprises

                 Small enterprises

By End-User

                 Non Profit

                 Government

                 Education

                 Healthcare and Lifesciences

                 Third Party Planner

                 Associations

                 Corporations

A full Report of Virtual Event Platform Market is Available @  https://www.omrglobal.com/industry-reports/virtual-event-platform-market

Virtual Event Platform Market Report by Region

North America                                                                                                                                                                            

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

       Latin America

       Middle East and Africa 

Company Profiles           

       6Connex Inc (US)

       Accelevents (US)

       Airmeet (India)

       Aventri, Inc.

       BigMarker.com, LLC,

       Bizzabo Inc.

       Brella Oy, Inc

       Cisco Systems, Inc.

       Cvent Inc.

       Eventcube Solutions Ltd

       EventMobi (Canada)

       HeySummit (UK)

       Hopin (UK), 

       Hubilo Softech Private Ltd

       Intrado Corp

       Livestorm Inc

       Microsoft Corp (US)

       On24(US)

       Orbits Intergalactic Pty Ltd

       Pathable, Inc.

       PheedLoop Inc 

       Run the World (US) 

       Samaaro (India), 

       Socio Labs LLC

       Splash (US), 

       SpotMe SA

       Vconfex (India), 

       vFairs LLC

       Zoom Video Communications, Inc.

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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