Asia Pacific Virtual Event Platform Market By Component (Platform (Without Services) and Services), By Enterprise Size (Large Enterprises and Small & Medium Enterprise), By End User (Corporations, Associations, Healthcare, Third Party Planner, Government & Defense, Non Profit, Education and Others), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Virtual Event Platform Market would witness market growth of 13.3% CAGR during the forecast period (2021-2027).
Irrespective of the location, any individual can get associated with any event with the help of a digital platform. Participants across the world can take part in any event through various web-based platforms. Moreover, collaborative and online communication has fulfilled all the facets of physical events through Augmented Reality (AR), Artificial Intelligence (AI), and integration of Virtual Reality (VR). The growth of the virtual event market is boosted as a shift is witnessed among businesses to adopt digitally simulated platforms to effectively manage resources and time. Video/audio conferences, sales meetings, job affairs, summits, trade shows, or exhibitions are mainly digitally simulated events.
APAC is expected to be the fastest-growing market. The adoption rate of the Virtual events platform is accelerating across the region, due to the growing education, healthcare, banking, and finance industries in the region. Due to a large and growing consumer base, as well as increased usage of digital platforms for communication purposes in developing nations like China and India, the Asia Pacific virtual event platform market is likely to hold a considerable position.
The Asia Pacific region is projected to see widespread use of the technology, supported by the construction of high-speed 5G networks, which will increase the potential for virtual events. Due to the high growth pace of various event management start-ups, India is regarded as the largest market. These new businesses are focusing on the healthcare, educational, and other sectors.
The China market dominated the Asia Pacific Virtual Event Platform Small & Medium Enterprise Market by Country 2020, thereby, achieving a market value of $492.3 million by 2027. The Japan market is showcasing a CAGR of 13.7% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 15% during (2021 - 2027).
Based on Component, the market is segmented into Platform (Without Services) and Services. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprise. Based on End User, the market is segmented into Corporations, Associations, Healthcare, Third Party Planner, Government & Defense, Non Profit, Education and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Cisco Systems, Inc., Zoom Video Communications, Inc., EventMobi (5Touch Solutions, Inc.), Cvent, Inc., Kestone, Accelevents, Inc., Bizzabo, Aventri, Inc., and Samaaro
Scope of the Study
Market Segments Covered in the Report:
- Platform (Without Services)
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprise
By End User
- Third Party Planner
- Government & Defense
- Non Profit
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- Cisco Systems, Inc.
- Zoom Video Communications, Inc.
- EventMobi (5Touch Solutions, Inc.)
- Cvent, Inc.
- Accelevents, Inc.
- Aventri, Inc.
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