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North America Virtual Event Software Market

2021

North America 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: TIPRE00025352 | No. of Pages: 104 | Category: Technology, Media and Telecommunications | Status: Published

Market Insights

North America Virtual Event Software Market to Grow at a CAGR of 11.7% to reach US$ 9,269.20 million Million from 2021 to 2028

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The virtual event software market in North America is expected to grow from US$ 4,267.32 million in 2021 to US$ 9,269.20 million by 2028; it is estimated to grow at a CAGR of 11.7% from 2021 to 2028.


Virtual congresses, events, and conferences are crucial economic factors for event industry; however, such events comprise of huge expenditure and long travels for hosts and audiences/attendees. Therefore, to come up with beneficial, ecologically friendly, and cost-efficient alternatives, virtual events, fairs, and online conferences are coming into picture. The factors attributing towards the growth of virtual event includes rapid urbanization and high inclination toward using virtual infrastructure, products, and services by event companies. For purposes such as event marketing, event outsourcing & analytics, and content & social media development, huge adoption of virtual event is witnessed among small and large-scale organizations. Therefore, to manage virtual events efficiently and interact with attendees, virtual event software is gaining a high momentum. Lively interaction in virtual events is guaranteed via inclusion of live chats for public and private communication. Also, the virtual events are utilized to pass-on information and to answer individual questions through live chats. There is also an integration of different interactive tools, including attendee polls, forums, one-on-one or small group networking, and live questions and answers which helps in improving efficiency of events. The above-mentioned features of virtual event software will continue to drive the future growth of virtual event software market

Moreover, virtual events have gained popularity majorly since COVID-19 pandemic outbreak. Spurred by lockdowns, organizations who planned on conducting virtual events got doubled in 2020. It has also been noticed that during COVID-19 pandemic outbreak, even after live events are getting permitted again, 90% of companies are still considering hosting virtual events. Below mentioned are some of the facts about virtual events during COIVD-19 pandemic outbreak:

• 91% companies want to keep attendees connected.

• Around 2/3rd wants to maintain normalcy in amid of COVID-19

• Nearly 55-60% wants to attract new members and increase awareness

All aspects mentioned above related to COVID-19 will continue to drive the adoption of virtual event software globally.

North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation and strengthen the networking infrastructure capabilities. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner. The dramatic shift to virtual events created all sorts of new challenges for planners. From rethinking agenda, design and managing remote speakers to dealing with new tech and finding interesting ways of keeping people engaged. Moreover, due to the falling GDP, the market will have negative impact on the growth rate of virtual event software market. The COVID-19 crisis has drastically forced the planner to switch from in-person meetings to virtual meetings. The COVID-19 outbreak has not much affected the event platform provider. However, in the coming years, the virtual event software market is expected to foresee significant growth opportunities owing to the rising demand for digital content and live streaming. Thus, the overall impact of COVID-19 on the North American 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 North America virtual event software market. The North America virtual event software market is expected to grow at a good CAGR during the forecast period.

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North America Virtual Event Software Market Segmentation

North America Virtual Event Software Market – By Solution

  • Software
  • Services

North America Virtual Event Software Market – By Enterprise Size

  • SMEs
  • Large Enterprises

North America Virtual Event Software Market – By End-User

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

North America Virtual Event Software Market – By Country

  • US
  • Canada
  • Mexico

North America Virtual Event Software Market – Companies Mentioned

  • Hopin
  • InEvent Inc.
  • Pathable, Inc.
  • Hubilo Technologies Inc.
  • ubivent
  • Cvent Inc.
  • vFairs LLC
  • Whova Inc
  • EventMobi
  • 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. North America Virtual Event Software – Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Virtual Event Software Market – Key Market Dynamics

5.1 Key Market Drivers

5.1.1 Growing inclination toward virtual events

5.1.2 Increased application of virtual events by planners

5.2 Key Market Restraints

5.2.1 Raising threat of data protection

5.3 Key Market Opportunities

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

5.4 Future Trends

5.4.1 Commencement of advanced technologies

5.5 Impact Analysis of Drivers and Restraints

6. North America Virtual Event Software – Market Analysis

6.1 North America Virtual Event Software Market Overview

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

7. North America Virtual Event Software Market Analysis – By Solution

7.1 Overview

7.2 North America 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. North America Virtual Event Software Market – By Enterprise Size

8.1 Overview

8.2 North America Virtual Event Software Market- By Enterprise Size

8.3 SMEs

8.3.1 Overview

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

8.4 Large Enterprises

8.4.1 Overview

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

9. North America Virtual Event Software Market – By End-User

9.1 Overview

9.2 North America: Virtual Event Software Market- By End-user

9.3 Trade Show Organizers

9.3.1 Overview

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

9.4 Event Management Agencies

9.4.1 Overview

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

9.5 Corporates

9.5.1 Overview

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

9.6 Academic Organizations

9.6.1 Overview

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

9.7 Other End-Users

9.7.1 Overview

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

10. North America Virtual Event Software Market – Country Analysis

10.1 Overview

10.1.1 North America: Virtual Event Software Market- by Key Country

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

10.1.1.1.1 US: Virtual Event Software Market- by Solution

10.1.1.1.2 US: Virtual Event Software Market- By Enterprise Size

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

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

10.1.1.2.1 Canada: Virtual Event Software Market- by Solution

10.1.1.2.2 Canada: Virtual Event Software Market- By Enterprise Size

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

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

10.1.1.3.1 Mexico: Virtual Event Software Market- by Solution

10.1.1.3.2 Mexico: Virtual Event Software Market- By Enterprise Size

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

11. North America Virtual Event Software Market – COVID-19 Impact Analysis

11.1 Overview

12. North America 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 EventMobi (5Touch Solution Inc.)

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 Hopin

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 InEvent 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 Pathable, 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 Hubilo Technologies Inc.

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 Remo.Co

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 ubivent

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 vFairs LLC

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

13.10 Whova Inc.

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

Table 10. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Virtual Event Software Market Segmentation

Figure 2. North America Virtual Event Software Market Segmentation – By Country

Figure 3. North America 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. US was the Largest Revenue Contributor in 2020

Figure 8. North America – PEST Analysis

Figure 9. Virtual Event Software Market– Ecosystem Analysis

Figure 10. Expert Opinion

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

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

Figure 13. North America: 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. North America: 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. North America: 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 North America Virtual Event Software Market

Figure 26. North America: Virtual Event Software Market Revenue Share, by Key Country (2020 and 2028)

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

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

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

Figure 30. Impact of COVID-19 Pandemic in North America

  1. Hopin         
  2. InEvent Inc.                        
  3. Pathable, Inc.                      
  4. Hubilo Technologies Inc.  
  5. ubivent   
  6. Cvent Inc.                           
  7. vFairs LLC                            
  8. Whova Inc                          
  9. EventMobi          
  10. Remo.Co                             
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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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