Europe 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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Get in-depth analysis of the COVID-19 impact on the Europe Virtual Event Platform Market
Market Report Description
The Europe Virtual Event Platform Market would witness market growth of 10.5% CAGR during the forecast period (2021-2027).
Increased demand for the intercontinental connectivity service is a result of information convergence which is necessary for creating new market opportunities. Due to this, service vendors are prone to various kinds of cyber-attacks when working in a competitive and virtual world. In order to protect the data of the users, various norms and uniform policies are implemented, which would boost the growth of the market in the coming years. On the other hand, the presence of various open-source and free event management solutions would hinder the market growth during the forecast period. Group task management, email marketing, invoicing, mobile event management, and client management are integrated with significant virtual event management functions.
Europe is the second largest on the basis of revenue shares. Due to the presence of giant corporates and small and medium-sized industries, it develops the need for new technologies. Moreover, this is a developed region, so the maximum population of this region is literate and is easily able to access the advanced technologies. Moreover, due to the Covid-19 outbreak, the corporates have shifted from on-premise to work from home culture, and students have attended the classes and activities from home by using various virtual platforms.
At this time virtual event platforms have come to the rescue as the corporates are able to conduct various meetings and conferences as well the school and universities are also conducting various activities and exams through these virtual platforms. These factors would boost the growth of the regional virtual event platform market during the forecast period.
The Germany market dominated the Europe Healthcare Virtual Event Platform Market by Country 2020, thereby, achieving a market value of $173.4 million by 2027. The UK market is exhibiting a CAGR of 10.2% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 11.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Virtual Event Platform Market Size will Hit $20 Billion by 2027, at a CAGR of 11.3%
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
- Rest of Europe
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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