Zoom Video Communications, Inc. introduced a number of enhancements to its OnZoom, End-to-End Encryption, Zapps, and Core UC platforms during its Zoomtopia keynote address. Over USD 1.5 million has also been pledged for grants to remote learning programs.
6Connex hosted a virtual winter event titled Winter Celebration in Virtual Downtown Square, in which friends and families could connect and celebrate with holiday-themed virtual venues. The event was designed to recreate the feeling of a traditional holiday celebration in a virtual space. It featured holiday-themed virtual venues, music, and movies, and allowed friends and families to come together to celebrate the season.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 4904
Published Date: May 02, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing internet penetration, increasing adoption of cloud computing technologies, and rising demand for cost-effective communication solutions are the major factors driving the market growth.
The market size of virtual event platform is anticipated to attain a CAGR of 15.70% over the forecast period, i.e., 2023-2035.
Network latency and inadequate bandwidth along with the lack of awareness about these platforms in certain regions are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Zoom Video Communications, Inc., 6Connex, Microsoft Corporation, Cisco Systems Inc., ALE International, HOPIN, On24, ALIVE, Avaya Inc., BIGMARKER and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by component, organization size, event type, end user and by region.
The services segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.