Home Business Global Virtual Event Industry to Generate $701.39 Billion by 2028 – GlobeNewswire

Global Virtual Event Industry to Generate $701.39 Billion by 2028 – GlobeNewswire

by Bioreports
global-virtual-event-industry-to-generate-$701.39-billion-by-2028-–-globenewswire





Rise in trend of work-from-home , low operational cost involved in organizing virtual events, and rise in sponsorship for virtual events have boosted the growth of the global virtual event market. Asia-Pacific is expected to register the highest CAGR of 13.6% during the forecast period. The pandemic favored the virtual event industry as businesses across the world were forced to use virtual channels of communication for meetings, live showcases, and product reveals.


| Source:

Allied Market Research


Portland, OR, June 23, 2021 (GLOBE NEWSWIRE) — As per the report published by Allied Market Research, the global virtual event market was accounted for $57.71 billion in 2019, and is estimated to reach $701.39 billion by 2028, growing at a CAGR of 12.6% from 2021 to 2028.

Rise in trend of work-from-home, surge in the globalization of businesses, low operational cost involved in organizing virtual events, and rise in sponsorship for virtual events have boosted the growth of the global virtual event industry. However, lack of awareness hinders the market growth. On the contrary, technological advancements in the virtual event industry would open new opportunities for the market players in the coming years.

Get detailed COVID-19 impact analysis on the virtual event Industry @ https://www.alliedmarketresearch.com/request-for-customization/6961?reqfor=covid

Covid-19 scenario:

  • The Covid-19 pandemic favored the virtual event industry as businesses across the world were forced to use virtual channels of communication for meetings, live showcases, and product reveals.
  • The adoption of virtual events has become a go-to communication platform for companies as the majority of the workforce is working from home during the pandemic.


The report segments the global virtual event industry on the basis of type, source, age group, and region.

Download PDF Sample Report @ https://www.alliedmarketresearch.com/request-sample/6961

Based on type, the entertainment segment dominated the market in 2019, accounting for nearly one-third of the market. However, the webinar segment is estimated to manifest the highest CAGR of 14.0% during the forecast period.

On the basis of source, the sponsorship segment held the largest share in 2019, contributing to more than half of the market. However, the ticket sale segment is projected to portray the highest CAGR of 13.5% from 2021 to 2028.

For Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/6961

The global virtual event industry is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is expected to register the highest CAGR of 13.6% during the forecast period. However, the market across North America held the largest share in 2019, accounting for nearly one-third of the market.

The report on the global virtual event industry includes an in-depth analysis of the prime market players such as Pace Digital, American Program Bureau Inc., ShowCase Events, Revolution CMES, TCJ Management Co. Ltd, Target Exhibitions, VietApps Co., Ltd., The Collaborative Exchange, London Filmed, and Morph Digital Solutions Private Limited.

Access AVENUE – A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world’s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying: https://www.alliedmarketresearch.com/avenue/trial/starter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology incl




Contact Data

            David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
            



You may also like

Leave a Reply