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| A14553 | Pages: NA | Jan 2022 | 145 Views | | |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Virtual Entertainment Event Market
Request Now !The global virtual entertainment event market is experiencing a significant growth, and will grow considerably in next few years owing to the increasing popularity of online streaming the increasing interest toward adopting advanced technology among customers. A virtual event is an online process which involves audience interactions on the web in a virtual environment instead of meeting in a physical location. Virtual entertainment event includes live concerts, virtual magic show, virtual happy hours for companies, standup comedy, virtual Dj among others. The two main ways of organizing virtual entertainment event are live streaming of the event in real-time and on-demand video. In the later one the virtual entertainment event organized and hosted can be accessed by the viewers or other people after the event has happened in real time. Virtual entertainment events are very interactive in nature and virtual event planning companies aim to create a virtual entertainment event experience as close as possible to its physical counterparts. There are many virtual event planners and virtual event platforms software in the market which do the work of planning, promoting, executing and handling the technical work of the event. Nowadays, companies and professional are conducting virtual event for global reach and to expand their audiences globally.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2030 |
Base year considered | 2020 |
Forecast period | 2021–2030 |
Forecast units | Value (USD) |
Segments covered | Type, Event, Event type, End User and Region |
Regions covered | North America (US, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the Rest of LAMEA) |
Companies covered | Townscript, Gains Etertainment, OnStage Systems, Toshiba, Blue Spark, COREX, Ubivent, Alcatel-Lucent, Zoom Video Communications, Huawei |
COVID-19 Scenario Analysis:
The COVID-19 outbreak coupled with lockdown in the various countries has propelled the virtual entertainment event market. As many people are quarantined and restricted to go out of the house they tend to buy tickets for virtual Dj and entertainment shows. During the COVID-19 scenario, the virtual event is gaining importance and even corporate are conducting virtual happy hours and short entertainment events for their employees.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The rising trend of online streaming is the major factor driving the growth of virtual entertainment market. The rising interest among millennials for the virtual Dj, parties, Birthday parties etc is also a driving force for the growth of this market.
The lockdown in many countries has forced institutions and colleges to convert the farewell and other occasions into virtual event which has also propelled the market growth.
The other factors contributing to the growth of virtual entertainment event market is the increasing usage of smart phone and rising internet user’s base.
The global virtual entertainment event market trends are as follows:
Surge in virtual events
Due to the various benefits of virtual event companies there has been a surge in the virtual entertainment events. It helps companies to expand the viewers worldwide, increase interaction with the audiences and reduced the risk of the covid 19.For instance DC FanDome which is a 24-hour virtual event organized for fans of DC publications that will start on Aug. 22. The virtual event will carry viewers through a giant hall with videos showing DC superheroes and villains in action, including The Flash and Harley Quinn, Wonder Woman.
Key Segments Covered:
Segments | Sub-segments |
Type |
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Events |
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Event type |
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End User |
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Key Benefits of the Report:
Questions Answered in the Virtual Entertainment Event Market Research Report:
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