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A virtual event platform is like Zoom for conferences.
In other words, it’s a platform for streaming live talks, roundtable discussions, company news, and performances to a large audience.
Unlike social media streaming solutions (like Twitch and Facebook Live), virtual event platforms typically have conference-focused features, like user permissions, Q&A sessions, and extra layers of security.
According to the PCMA, 70% of scheduled conferences and offline events moved online in 2020. Which has led to booming interest in software designed for running online conferences and events.
The virtual events space is currently worth $77.9B. And Grand View Research estimates that this space will grow at a 23.2% CAGR between now and 2027.
Examples of startups riding this wave include:
Livestorm: Browser-based video meeting platform. Revenue has increased 8x since 2019. Which led to them raising a $30M Series B in November.
Panopto: Virtual event platform geared towards university and enterprise clients. The company reports that professors have recorded 100 million minutes of lectures on their platform (516% more than the previous year). Panopto has raised $50.9M from Sterling Partners and others.
Restream: Video streaming platform for simultaneous streaming to multiple social networks. After an announced partnership with LinkedIn, Restream is also starting to branch out into virtual events. Raised a $50M Series A in August.
via Exploding Topic : lire l’article source