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Asia Pacific Virtual Event Software Market

2021

Asia Pacific Virtual Event Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Solution (Software and Services), Enterprise Size (SMEs and Large Enterprises), and End-User (Trade Show Organizers, Event Management Agencies, Corporates, Academic Organizations, and Others)

Publication Month: Oct 2021 | Report Code: TIPRE00025356 | No. of Pages: 112 | Category: Technology, Media and Telecommunications | Status: Published

Market Insights

Asia Pacific Virtual Event Software Market to Grow at a CAGR of 13.9% to reach US$ 6,289.99 million Million from 2021 to 2028

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The virtual event software market in Asia Pacific is expected to grow from US$ 2,523.10 million in 2021 to US$ 6,289.99 million by 2028; it is estimated to grow at a CAGR of 13.9% from 2021 to 2028.


Technological developments such as software-as-a-service based virtual events is generating a huge impact on the trend of conducting events virtually. The cloud-based tool allows the end user to provide interactive experience while enhancing overall sales experience through podcasting, instant messaging, and virtual product experience. Also, another Solution making a positive impact in the growth of virtual events is Connect through Live Streaming. Live streaming events enable larger number of participants to access content resources to assist them align with context better. Connect through live streaming is a process of streaming entire live video in real-time. The participants can enjoy presentations as live streaming are real and more authentic; unlike edited videos which feels distant and manipulated. For instance, companies such as Airmeet provides live video streaming in a HD quality with different engagement features such as group chat, Q&A, “social lounge with agenda”, and “raise hand”. The new product is accessible on any modern browser”. Hybrid Events is another aspect that would help in creating lucrative business opportunities for the growth of virtual events. The COVID-19 pandemic has transformed the event industry to assist planners and companies make better decisions utilizing virtual event Solution. As 2020 witnessed many virtual events, 2021 will observe a rise of hybrid events. Since vaccination is getting rolled up globally, it might become possible to commence with hosting in-person events. However, every attendee will not be comfortable with attending physical conferences and events so soon. Therefore, to assist in this case, hybrid events would play a positive role in boosting adoption of virtual event software. Hybrid events help the event planners to host event with limited number of physical attendees in one location and at a same time would give an online hub too for virtual attendees to take participation in events freely. Moreover, it is projected that over 65% of events professionals aims to utilize hybrid event format once in-person events start again. All aspects aforesaid about hybrid events and live streaming feature in virtual event software would help in accelerating the market growth.

The Asia Pacific region is hugely affected by a COVID-19, owing to a massive number of cases in China, the country is the most crucial manufacturer and industrial producer since it trades more manufacturing goods than any other country in the globe; it is also a world leader in several types of goods. According to the Organization for Economic Co-operation and Development (OECD), the other major economies outside of China have also impacted by the pandemic, such as huge South Korea, India, Australia, and Japan, and are experiencing downward growth. Since the outbreak of COVID-19 across the Asia Pacific, several countries have suffered heavily. China, Japan, South Korea, India, Hong Kong, and Taiwan are some of the countries that have incurred a huge loss. The manufacturing sectors in the countries mentioned above have been experiencing low production and a weak supply chain. Additionally, the labor shortage has affected the manufacturing sector in these countries. The work from home facilities across industries are foreseen anticipated to create demand for virtual event software. Hence, the overall impact of COVID-19 on Asia Pacific region is low to moderate.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific virtual event software market. The Asia Pacific virtual event software market is expected to grow at a good CAGR during the forecast period.

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Asia Pacific Virtual Event Software Market Segmentation

Asia Pacific Virtual Event Software Market – By Solution

  • Software
  • Services

Asia Pacific Virtual Event Software Market – By Enterprise Size

  • SMEs
  • Large Enterprises

Asia Pacific Virtual Event Software Market – By End-User

  • Trade Show Organizers
  • Event Management Agencies
  • Corporates
  • Academic Organizations
  • Others

Asia Pacific Virtual Event Software Market – By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

Asia Pacific Virtual Event Software Market – Companies Mentioned

  • Hopin
  • InEvent Inc.
  • Pathable, Inc.
  • Hubilo Technologies Inc.
  • ubivent
  • Cvent Inc.
  • vFairs LLC
  • Whova Inc
  • Remo.Co

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Asia Pacific Virtual Event Software – Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Asia Pacific Virtual Event Software Market – Key Market Dynamics

5.1 Key Market Drivers

5.1.1 Surging inclination toward virtual events

5.1.2 Scaling application of virtual events by planners

5.2 Key Market Restraints

5.2.1 Burgeoning threat of data protection

5.3 Key Market Opportunities

5.3.1 Initiation of live streaming feature and rising concept of hybrid events

5.4 Future Trends

5.4.1 Founding of advanced technologies

5.5 Impact Analysis of Drivers and Restraints

6. Asia Pacific Virtual Event Software – Market Analysis

6.1 Asia Pacific Virtual Event Software Market Global Overview

6.2 Asia Pacific Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

7. Asia Pacific Virtual Event Software Market Analysis – By Solution

7.1 Overview

7.2 Asia Pacific Virtual Event Software Market- by Solution

7.3 Software

7.3.1 Overview

7.3.2 Software: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Services

7.4.1 Overview

7.4.2 Services: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Virtual Event Software Market – By Enterprise Size

8.1 Overview

8.1.1 Asia Pacific Virtual Event Software Market- By Enterprise Size

8.2 SMEs

8.2.1 Overview

8.2.2 SMEs: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

8.3 Large Enterprises

8.3.1 Overview

8.3.2 Large Enterprises: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Virtual Event Software Market – By End-User

9.1 Overview

9.1.1 Asia Pacific Virtual Event Software Market- By End-user

9.2 Trade Show Organizers

9.2.1 Overview

9.2.2 Trade Show Organizers: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

9.3 Event Management Agencies

9.3.1 Overview

9.3.2 Event Management Agencies: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Corporates

9.4.1 Overview

9.4.2 Corporates: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Academic Organizations

9.5.1 Overview

9.5.2 Academic Organizations: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Other End-Users

9.6.1 Overview

9.6.2 Other End-Users: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

10. Asia Pacific Virtual Event Software Market – Country Analysis

10.1 Overview

10.1.1 Asia Pacific: Virtual Event Software Market- by Key Country

10.1.1.1 Australia: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Australia: Virtual Event Software Market- by Solution

10.1.1.1.2 Australia: Virtual Event Software Market- By Enterprise Size

10.1.1.1.3 Australia: Virtual Event Software Market- By End-user

10.1.1.2 China: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 China: Virtual Event Software Market- by Solution

10.1.1.2.2 China: Virtual Event Software Market- By Enterprise Size

10.1.1.2.3 China: Virtual Event Software Market- By End-user

10.1.1.3 India: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Virtual Event Software Market- by Solution

10.1.1.3.2 India: Virtual Event Software Market- By Enterprise Size

10.1.1.3.3 India: Virtual Event Software Market- By End-user

10.1.1.4 Japan: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 Japan: Virtual Event Software Market- by Solution

10.1.1.4.2 Japan: Virtual Event Software Market- By Enterprise Size

10.1.1.4.3 Japan: Virtual Event Software Market- By End-user

10.1.1.5 South Korea: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 South Korea: Virtual Event Software Market- by Solution

10.1.1.5.2 South Korea: Virtual Event Software Market- By Enterprise Size

10.1.1.5.3 South Korea: Virtual Event Software Market- By End-user

10.1.1.6 Rest of Asia Pacific: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of Asia Pacific: Virtual Event Software Market- by Solution

10.1.1.6.2 Rest of Asia Pacific: Virtual Event Software Market- By Enterprise Size

10.1.1.6.3 Rest of Asia Pacific: Virtual Event Software Market- By End-user

11. Asia Pacific Virtual Event Software Market – COVID-19 Impact Analysis

11.1 Overview

12. Asia Pacific Virtual Event Software Market – Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 Merger and Acquisition

12.4 New Product Launch

13. Company Profiles

13.1 Cvent Inc.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Hopin

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 InEvent Inc.

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Pathable, Inc

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Hubilo Technologies Inc.

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Remo.Co

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 ubivent

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 vFairs LLC

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Whova Inc.

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. Australia: Virtual Event Software Market- by Solution –Revenue and Forecast to 2028 (US$ Million)

Table 2. Australia: Virtual Event Software Market- By Enterprise Size–Revenue and Forecast to 2028 (US$ Million)

Table 3. Australia: Virtual Event Software Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 4. China: Virtual Event Software Market- by Solution –Revenue and Forecast to 2028 (US$ Million)

Table 5. China: Virtual Event Software Market- By Enterprise Size–Revenue and Forecast to 2028 (US$ Million)

Table 6. China: Virtual Event Software Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 7. India: Virtual Event Software Market- by Solution –Revenue and Forecast to 2028 (US$ Million)

Table 8. India: Virtual Event Software Market- By Enterprise Size–Revenue and Forecast to 2028 (US$ Million)

Table 9. India: Virtual Event Software Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 10. Japan: Virtual Event Software Market- by Solution –Revenue and Forecast to 2028 (US$ Million)

Table 11. Japan: Virtual Event Software Market- By Enterprise Size–Revenue and Forecast to 2028 (US$ Million)

Table 12. Japan: Virtual Event Software Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 13. South Korea: Virtual Event Software Market- by Solution –Revenue and Forecast to 2028 (US$ Million)

Table 14. South Korea: Virtual Event Software Market- By Enterprise Size–Revenue and Forecast to 2028 (US$ Million)

Table 15. South Korea: Virtual Event Software Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 16. Rest of Asia Pacific: Virtual Event Software Market- by Solution –Revenue and Forecast to 2028 (US$ Million)

Table 17. Rest of Asia Pacific: Virtual Event Software Market- By Enterprise Size–Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of Asia Pacific: Virtual Event Software Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 19. List of Abbreviation

LIST OF FIGURES

Figure 1. Asia Pacific Virtual Event Software Market Segmentation

Figure 2. Asia Pacific Virtual Event Software Market Segmentation – By Country

Figure 3. Asia Pacific Virtual Event Software Market Overview

Figure 4. software Segment Held the Largest Market Share in 2020

Figure 5. Large Enterprises Segment Held the Largest Market Share in 2020

Figure 6. Trade Show Organizers End-user Held the Largest Market Share in 2020

Figure 7. China was the Largest Revenue Contributor in 2020

Figure 8. Asia Pacific – PEST Analysis

Figure 9. Virtual Event Software Market– Ecosystem Analysis

Figure 10. Expert Opinion

Figure 11. Asia Pacific virtual event software market Impact Analysis of Drivers and Restraints

Figure 12. Asia Pacific Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Asia Pacific Virtual Event Software Market Revenue Share, By Solution (2020 and 2028)

Figure 14. Software: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. Services: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Asia Pacific Virtual Event Software Market Revenue Share, By Enterprise Size (2020 and 2028)

Figure 17. SMEs: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Large Enterprises: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Asia Pacific Virtual Event Software Market Revenue Share, By End-user (2020 and 2028)

Figure 20. Trade Show Organizers: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Event Management Agencies: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Corporates: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Academic Organizations: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Other End-Users: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Geographic Overview of Asia Pacific Virtual Event Software Market

Figure 26. Asia Pacific: Virtual Event Software Market Revenue Share, By Key Country (2020 and 2028)

Figure 27. Australia: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. China: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. India: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Japan: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. South Korea: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Rest of Asia Pacific: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Impact of COVID-19 Pandemic in Asia Pacific

  1. Hopin         
  2. InEvent Inc.                        
  3. Pathable, Inc.                      
  4. Hubilo Technologies Inc.  
  5. ubivent   
  6. Cvent Inc.                           
  7. vFairs LLC                            
  8. Whova Inc                               
  9. Remo.Co      
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific virtual event software market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific virtual event software market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the virtual event software market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution  
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