About Virtual Conference Platform
Virtual Conference Platform is exactly what it sounds like a conference held in cyberspace. It enables remote participants to access live, interactive networking opportunities and content via their computers, regardless of their location. Virtual Conference Platform is the hosting of a meeting in a virtual environment online, also known as virtual conferencing, also known as virtual meetings. A virtual meeting with audio, video, and screen sharing is possible.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The Companies are entering the market through mergers and acquisitions, expansions, investments, new service launches, and collaborations. The players are expanding into new geographies through acquisitions and expansions in order to gain a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Virtual Conference Platform market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
6Connex (United States), Cvent (United States), Hopin (United Kingdom), Remo (United States), Hubilo (United States), Vfairs (United States), BigMarker (United States), Zoom (United States), Microsoft (United States) and Cisco (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Kestone (India), Accelevents (United States), Whova (United States), EventMobi (Canada), On24 (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Virtual Conference Platform market by Type (Platform, Services, Training and Consulting, Support and Maintenance and Deployment and Integration) and Region.
On the basis of geography, the market of Virtual Conference Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Organization Size, the sub-segment i.e. Large enterprises will boost the Virtual Conference Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Government will boost the Virtual Conference Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 6th January 2022, MeetingPlay and Aventri, a meeting management SaaS provider, announced a merger to form a full-service event software company under a new name to be determined. The transaction, which is backed by a growth equity investment from Sunstone Partners and Camden Partners, is positioned as a combination of technology and service to close gaps in the planning process and provide a full-service solution for meetings ranging from 100 to more than 200,000 people.
On 22th October 2021, Launch, the 6Connex virtual event platform, is built event-ready, with all of the engagement tools and AI capabilities you need to launch your virtual or hybrid event seamlessly. Drive engagement, wow guests, and share an infinite amount of content, including webcasts, videos, documents, and more. Launch is your low-cost virtual event solution.
We follow general data privacy and security rules and regulations. In the first step, we provide organizers and attendees with a brief overview of platform data compliance functionality and platform features. We perform numerous checks at various levels to ensure the virtual platform's security, ranging from curating the entire platform on an SSL Secure connection to ensuring that even entry to the event is as secure as possible through various methods.
Market Drivers
- Governments Are Increasing Their Investments in Virtual Conference Platform
- Boost of Virtual Conference among the Platform Enthusiasts during and Post-Pandemic
- Increasing Preference towards the Virtual Conference Platforms among the Users to Get Immersive Experience
Opportunities
- Rise in Demand for Virtual Conference Platform across Enterprises
Restraints
- Inability to integrate virtual event software due to a lack of technological expertise
- Slow Adoption in Some Developing and Underdeveloped Countries
Challenges
- Concerns about Data Privacy and Security When Using a Virtual Conference Platform
Key Target Audience
New Entrants/Investors, Venture and Capitalist, Analysts and Strategic Business Planners, Virtual Conference Platform Providers, Venture Capitalists and Private Equity Firms, Government Bodies, Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.