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)

Market Introduction

Asia Pacific consists of China, India, Japan, Australia, and South Korea. The presence of developing economies such as China, India, South Korea, Malaysia, the Philippines, and Taiwan helps in transforming Asia into a developing region as these countries are rich in manufacturing units and industrial growth. With the growing industrial sector in aforesaid countries, the number of trade shows and exhibitions for product launch will also increase. Concerts, events, webinars, and exhibitions create a need for event management software to efficiently manage the related activities. Although several offline events and conferences are being postponed due to the COVID-19 outbreak, event management software plays an impeccable role in ensuring the events are successfully held online. Online events that take place in Asia include new student orientation, Bridge program virtual trial class, Webinar: introduction to UMGC Asia, Graduate programs webinar, EmTech Asia 2020, Mobile Growth Summit Asia, ODSC ASIA PACIFIC Virtual Conference, Digital Travel- the Travel Summit, and PDI Asia Pacific Summit Virtual Experience 2021.

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.

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Market Overview and Dynamics

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. 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.

Key Market Segments

In terms of solution, the software segment held a larger share in 2020. Based on enterprise size, large enterprises size segment held the largest share in 2020. Based on end-user, the trade show organizers segment held the largest share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the virtual event software market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Hopin; InEvent, Inc.; Pathable; Hubilo Technologies Inc.; ubivent; Cvent Inc.; vFairs LLC; Whova Inc; and Remo.Co. among others.

Reasons to buy report

To understand the Asia Pacific virtual event software market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific virtual event software market
Efficiently plan M&A and partnership deals in Asia Pacific virtual event software market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific virtual event software market
Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.

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

Asia Pacific Virtual Event Software Market – Companies Mentioned

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

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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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)

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