The virtual events market has exploded in recent years, transforming how businesses, organizations, and individuals connect globally. With advancements in streaming technology, AI-driven engagement tools, and immersive experiences, virtual events are no longer just a substitute for in-person gatherings—they are a powerful, interactive platform in their own right.
According to King Research, the global virtual events market is set to generate a revenue of $415.55 billion by 2031. From large-scale conferences and product launches to hybrid corporate meetings, the leading players in this space are continuously innovating to enhance audience engagement, analytics, and overall event efficiency.
In this blog, we explore the top 10 companies in the virtual events market, highlighting their key offerings, latest innovations, and how they are shaping the future of digital interactions.
Top 10 Companies in the Virtual Events Market
Businesses and organizations are increasingly relying on virtual event platforms to conduct webinars, conferences, trade shows, and networking events. Below, we highlight the top 10 companies that are leading the virtual events market with their innovative solutions and services.
1. American Program Bureau INC.
American Program Bureau (APB) is a leading provider of speakers and event services, specializing in virtual and hybrid event management. The company collaborates with a wide range of organizations, offering keynote speakers, panel discussions, and customized event programming. APB's extensive network of speakers and thought leaders makes it a valuable partner for corporate and educational virtual events.
2. Avaya LLC
Avaya LLC is a global leader in communication and collaboration solutions, offering robust virtual event platforms through Avaya Spaces. Avaya's cloud-based video conferencing and event solutions enable organizations to host immersive and interactive virtual experiences with high-quality audio and video streaming, AI-driven features, and advanced security measures.
3. ALE International
ALE International, operating under the Alcatel-Lucent Enterprise brand, provides cutting-edge communication and networking solutions tailored for virtual events. The company’s cloud-based conferencing and collaboration tools allow businesses to seamlessly conduct virtual meetings, webinars, and hybrid events with high engagement levels.
4. Cisco Systems, Inc.
Cisco Systems, Inc. is a key player in the virtual events market with its Webex platform. Webex offers a comprehensive suite of tools, including virtual conferencing, AI-powered meeting assistants, and real-time transcription services. With enterprise-grade security and scalability, Cisco Webex is a preferred choice for businesses hosting large-scale virtual events and hybrid conferences.
5. Cvent Inc.
Cvent Inc. is a leading event technology company that provides end-to-end virtual event solutions. Its platform offers features such as attendee engagement tools, event marketing, analytics, and live streaming capabilities. Cvent’s powerful integrations with CRM and marketing automation tools make it a go-to choice for businesses looking to maximize ROI from virtual and hybrid events.
6. EventX
EventX is a prominent virtual event platform that specializes in serving the Asia-Pacific region. The company offers a wide range of virtual event solutions, including networking events, trade shows, and online exhibitions. EventX's AI-powered matchmaking and immersive 3D virtual event spaces enhance attendee interaction and engagement.
7. George P. Johnson
George P. Johnson (GPJ) is a globally recognized event marketing agency known for its expertise in creating experiential events. GPJ leverages digital technologies to design compelling virtual and hybrid event experiences for top brands. Their end-to-end event management solutions include strategy, content development, and technology integration.
8. Hubilo
Hubilo is a fast-growing virtual and hybrid event platform that focuses on audience engagement and event analytics. With features like AI-driven matchmaking, gamification, and real-time audience interactions, Hubilo provides an immersive event experience. Its intuitive interface and robust customization options make it a preferred choice for enterprises and event organizers.
9. Microsoft Corporation
Microsoft Corporation is a dominant player in the virtual events market with its Microsoft Teams and Microsoft Events platforms. Microsoft Teams offers seamless video conferencing, webinars, and live event capabilities integrated with Office 365. The company's enterprise-grade security and AI-driven enhancements make it a trusted solution for corporate virtual events and remote collaboration.
10. Remo
Remo is a unique virtual event platform designed to mimic real-world networking experiences. With its interactive floor plan and table-based networking system, Remo enables participants to engage in meaningful conversations. The platform is widely used for workshops, networking sessions, and virtual summits, providing an engaging and dynamic environment.
Trends in Virtual Events Market
1. AI-Powered Personalization & Automation
AI is revolutionizing virtual events by enabling personalized content recommendations, automated matchmaking for networking, and real-time chatbots for attendee engagement. AI-driven analytics also help event organizers optimize experiences based on user behavior.
2. Hybrid Events as the New Standard
With the return of in-person gatherings, hybrid events—combining physical and virtual elements—are becoming the norm. Advanced streaming solutions, interactive virtual booths, and real-time audience participation tools help bridge the gap between online and offline attendees.
3. Immersive Technologies (AR & VR)
Augmented Reality (AR) and Virtual Reality (VR) are enhancing virtual event experiences, offering immersive 3D environments, virtual trade shows, and realistic networking spaces. These technologies help replicate the feel of in-person interactions.
4. Enhanced Audience Engagement & Gamification
Engagement features like live polls, quizzes, breakout rooms, and gamification elements (leaderboards, scavenger hunts, and reward systems) are becoming essential for keeping audiences actively involved.
5. Sustianability
Environmental concerns among consumers have been growing over the past few decades and are now having a significant impact on business.Customers search for environmental commitments from businesses before making a purchase or making another conversion. People not having to drive (or fly) to events is a great way to reduce CO2 emissions, thus the virtual event business has been ready for this trend.
According to the 2022 ICE Report, nearly 60% of event planning companies rank sustainability as their biggest challenge. The sector is under increasing pressure to become more sustainable because consumer demand isn't going away.
Bottom Line
As virtual and hybrid events continue to evolve, the companies driving virtual events market are pushing the boundaries of technology and engagement. Whether through AI-powered networking, immersive 3D environments, or seamless integrations with other digital platforms, these industry leaders are setting new standards for virtual experiences.
Choosing the right virtual event platform depends on factors such as event size, interactivity needs, and customization options. As organizations embrace digital-first strategies, staying informed about the latest developments in this market can help businesses create impactful and memorable virtual events. Stay tuned for further innovations as this dynamic industry continues to redefine how we connect and collaborate.
