The Latin America, Middle East and Africa Virtual Event Platform Market would witness market growth of 16.2% CAGR during the forecast period (2021-2027).
Small and medium-sized businesses (SMBs) have gained popularity due to UCaaS-based models and software as a service (SaaS). This industry is responsible for most global businesses and highly contributes to market development. Healthcare, banking, hospitality, finance sector, and education sectors are highly adopting the digital simulated platform. During the product launch, various companies adopt digital simulated channels to associate and advertise their product to the common public. Various companies are focusing on fulfilling the industry demands and obtain a competitive edge by launching unique services or solutions.
Latin America, for example, is seeing a lot of traction in terms of cloud-based event management tools. Increased internet penetration as a result of a higher level of living is driving growth across this region. With rising income levels, customers are more easily connecting to the internet via smartphones, laptops, tablets, and other IoT devices. All these cloud-based platforms are of great help for various corporates and institution as they can conduct their meetings, conferences, seminars, group-discussions online without hampering the work.
Moreover, the COVID-19 pandemic has driven firms to move their operations online. Eventually, technology giants have set up shop across this region. In this region, covid-19 pandemic has positively impacted the market growth due to the epidemic people have shifted from on-premise modes to Work from home.
The Large Enterprises market dominated the South Africa Virtual Event Platform Market by Enterprise Size 2020, thereby, achieving a market value of $121.3 million by 2027. The Small & Medium Enterprise market is expected to witness highest CAGR of 18.6% during (2021 - 2027).
Based on Component, the market is segmented into Platform (Without Services) and Services. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprise. Based on End User, the market is segmented into Corporations, Associations, Healthcare, Third Party Planner, Government & Defense, Non Profit, Education and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Virtual Event Platform Market is Predict to reach $20 Billion by 2027, at a CAGR of 11.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Cisco Systems, Inc., Zoom Video Communications, Inc., EventMobi (5Touch Solutions, Inc.), Cvent, Inc., Kestone, Accelevents, Inc., Bizzabo, Aventri, Inc., and Samaaro
By Component
By Enterprise Size
By End User
By Country
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