The Virtual Events Market is being driven by Rise in number of corporate events
The Virtual Events Market is expected to grow at a CAGR of 26.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 539.5 million. In today's digital age, virtual events have revolutionized the education sector by providing accessible and cost-effective learning opportunities. Traditional educational institutions are embracing virtual classrooms, enabling students to attend study sessions anytime, anywhere. This format offers numerous benefits, including reduced expenses and increased knowledge acquisition. Virtual events also provide access to qualified educators, transcending geographical boundaries. To enhance student engagement, virtual events incorporate game dynamics and social media integration. Furthermore, conferencing tools facilitate interactive sessions between students and faculty members, fostering a more engaging learning experience.
Get more information on Virtual Events Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
202 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 26.1% |
Market growth 2025-2029 |
USD 539.5 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
22.6 |
Key countries |
US, China, Germany, Japan, Canada, India, UK, France, Italy, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The virtual events industry has seen a significant surge in various sectors due to the WFH policy and lockdowns caused by the Coronavirus. Retail & e-commerce, Healthcare, Manufacturing, Construction, Academic institutions, and Hospitality are some industries leveraging digitally simulated events for sales meetings, job fairs, summits, exhibitions, and trade shows. Modern technologies like artificial intelligence (AI) and connectivity networks ensure smooth business proceedings. Morressier provides virtual conference solutions, while networking solutions mitigate the lack of in-person interaction. However, cyberattacks pose a threat to the industry's security.
The virtual events industry is a significant segment of the global IT software market, encompassing businesses that develop and produce software for digitally simulated events. This market caters to various sectors such as retail & e-commerce, healthcare, manufacturing, construction, academic institutions, and more. Virtual events include sales meetings, job fairs, summits, and audio/video conferences. Technavio's market analysis covers application and systems software companies, including those offering database management software, application development and management software, cloud computing software, IT management software, mobility software, networking software, security software, and storage software. The market size is determined by the combined revenue generated by these organizations, excluding those involved in home entertainment software production.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted