China Virtual Events Market Size, Share, and COVID-19 Impact Analysis, By Event Type (Internal, External, and Extended), By Application (Conferences and Conventions, Exhibitions & Trade Shows, Seminars and Workshops, and Corporate Meetings and Training), By Use Case (Everyday Events and Large-scale Events), and China Virtual Events Market Insights, Industry Trend, Forecasts to 2033.

China Virtual Events Market Insights Forecasts To 2033

• The China Virtual Events Market Size was valued at USD 6,161.5 Million in 2023.
• The Market Size is Growing at a CAGR of 21.13% from 2023 to 2033
• The China Virtual Events Market Size is Expected to Reach USD 41,889.7 Million by 2033

The China Virtual Events Market Size is Anticipated to Reach USD 41,889.7 Million by 2033, Growing at a CAGR of 21.13% from 2023 to 2033.

Market Overview
The virtual events market in China is experiencing rapid growth, driven by advancements in digital infrastructure and increasing adoption of immersive technologies like virtual reality (VR) and augmented reality (AR). Key sectors such as education, real estate, and entertainment are increasingly adopting virtual events to connect with audiences more effectively. The government's support further bolsters this growth, with initiatives like the "Three-Year Action Plan for the Innovative Development of the Metaverse Industry" (2023–2025), which promotes the use of metaverse technologies in cultural and entertainment sectors. Additionally, local governments in regions like Guangdong have introduced policies to foster innovation and development in the metaverse, including establishing industrial funds and encouraging enterprise clusters. Also, the integration of immersive technologies presents numerous opportunities across various sectors, positioning China as a leader in the global virtual events landscape.

Report Coverage

This research report categorizes the China virtual events market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the China virtual events market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the China virtual events market.

Driving Factors

Technological advancements in digital infrastructure, such as the expansion of high-speed internet and the adoption of immersive technologies like virtual reality (VR) and augmented reality (AR), play a significant role in enhancing the virtual experience. These innovations have enabled more engaging and interactive online events, boosting demand across various sectors. Additionally, the increasing acceptance of virtual events by industries like education, healthcare, entertainment, and real estate has contributed to the market’s expansion.

Restraining Factors

There are concerns regarding the security and privacy of online platforms. As virtual events involve sensitive personal and business information, the risk of data breaches or cyberattacks poses a significant threat to users' trust in these platforms.  

Market Segmentation

The China virtual events market share is classified into event type, application, and use case.

• The external segment accounted for the largest revenue share in 2023 and is expected to grow at a substantial CAGR during the forecast period.

The China virtual events market is segmented by event type into internal, external, and extended. Among these, the external segment accounted for the largest revenue share in 2023 and is expected to grow at a substantial CAGR during the forecast period. The growth is attributed to the rising adoption of virtual events as cost-effective, scalable solutions for organizations looking to expand their reach without the limitations of geographical boundaries. Additionally, the convenience of hosting large-scale virtual gatherings that can attract a global audience is fueling the growth of the external virtual events segment, making it a major contributor to the overall market expansion in China.

• The exhibitions & trade shows segment accounted for a significant share in 2023 and is expected to grow at a remarkable CAGR during the forecast period.

The China virtual events market is segmented by application into conferences and conventions, exhibitions & trade shows, seminars and workshops, and corporate meetings and training. Among these, the exhibitions & trade shows segment accounted for a significant share in 2023 and is expected to grow at a remarkable CAGR during the forecast period. The segment growth is driven by the increasing preference for virtual trade shows and exhibitions, which offer businesses the ability to showcase products, services, and innovations to a global audience without the high costs associated with corporeal events.

• The large-scale events segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The China virtual events market is segmented by use case into everyday events and large-scale events. Among these, the large-scale events segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. The segment growth can be attributed to the rise in the adoption of advanced technologies like immersive virtual environments, live streaming, and interactive tools further enhance the appeal of large-scale virtual events. Additionally, the growing trend of hybrid events, which combine virtual and in-person elements, has also contributed to the expansion of this segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the China virtual events market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Vosmos Events
• Hubilo
• 6Connex
• ALIVE
• Avaya LLC
• ALE International
• NTT Limited
• Cisco Systems Inc.
• Cvent Inc.
• EventX Limited
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In September 2024, Zoom Video Communications, Inc. and Mitel announced a strategic partnership aimed at enhancing communication solutions for businesses. This collaboration will integrate Zoom's video conferencing capabilities with Mitel's communication systems, allowing for seamless connectivity and improved user experiences in virtual meetings and events.

Market Segment

This study forecasts revenue at China, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the China virtual events market based on the below-mentioned segments:

China Virtual Events Market, By Event Type

• Internal
• External
• Extended

China Virtual Events Market, By Application

• Conferences and Conventions
• Exhibitions & Trade Shows
• Seminars and Workshops
• Corporate Meetings and Training

China Virtual Events Market, By Use Case

• Everyday Events
• Large-scale Events