Virtual Events Market Definition
The global virtual events market is expected to grow at a heavy pace during the forecast period, according to the AMA study. This is owing to rising number of corporate events such as virtual meetings or conferences and requirement for connecting users from multiple locations in a single time to complete the conferences, and rising adoption of virtual event technologies by SMEs and large corporate enterprises in order to transform their working model are some of the major factors aiding into the growth for the market globally.
The market study is broken down, by Application (Video Conferencing, Web Conferencing, Collaboration Tools, Communication and Social Networking) and major geographies with country level splits.
Vendors in this market are focusing on innovating their virtual events solutions in order to remain competitive in the emerging market and cater to a wide number of enterprise users. The small vendors in this market are facing a challenge due to the presence of well-established players in this market such as Adobe and Microsoft. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Virtual Events market throughout the predicted period.
Adobe (United States), Avaya Inc. (United States), Cisco Systems (United States), Citrix Systems, Inc. (United States), IBM (United States), Microsoft (United States), ALE International (France), Zoom Video Communications (United States), BroadSoft (United States) and ubivent (Germany) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Virtual Events market by Type, Application and Region.
On the basis of application, Video Conferencing segment is dominating the market in the year 2019
On the basis of geography, the market of Virtual Events has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. If we see Market by End Use Industries, the sub-segment i.e. Education will boost the Virtual Events market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Access Device, the sub-segment i.e. Smartphone will boost the Virtual Events market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In May 2018, Jenne Inc. launched all-new Virtual Avaya IP Office Basic Administration Workshop for the end-users.
- Rising Popularity of Virtual Events in Educational Sector for Providing Interactive Learning
- Growing Trend of Virtual Conferences in Corporate Enterprises
- Rising Number of Corporate Events Such as Virtual Meetings and Growing Demand for Connecting Users With Multiple Locations
- Rising Adoption of Virtual Event Technologies in the Private Corporate Sector
- Transforming Educational Industry with Growing Adoption of Virtual Technologies for Teaching and Learning Purposes
- Security Threat Issues from Open-Source Virtual Event Solutions
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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