According to a study from Grand View Research, the virtual events market was valued at USD 77.98 billion in 2019 and is projected to reach USD 404.45 billion by 2027, growing at a CAGR of 23.2% over the forecast period.
Bevy, the only enterprise-grade Conference and Community platform that’s purpose-built for large enterprises to replace their in-person events and field marketing programs with a hybrid solution that will enable them to maintain year-round customer engagement in a post-pandemic world.
With many organizations forced to cancel their conference and community events in 2020, CMOs have been searching for new and creative ways to replicate the value of in-person events in a virtual setting. Unlike many other virtual event platforms, Bevy combines a unique blend of virtual conference features with an industry-leading community platform.
According to research from EventMB, the biggest wave of virtual events is yet to come. 40% of event planners say they have been unsuccessful at pivoting to virtual. The biggest frustration for event professionals is the inability of current platforms to match live engagement. Engagement is a key challenge, followed by lack of technology.
“Bevy addresses many of these challenges through a unique blend of virtual conference features combined with our community platform,” said Derek Andersen, Bevy CEO and co-founder. “Our new platform gives large enterprise brands all the tools they need to host their annual conference, and empowers their global brand ambassadors to build and scale local communities that will flourish in a post-pandemic world. Small in-person gatherings coupled with a virtual component will become the dominant form of customer-to-customer engagement. Bevy is uniquely positioned to power these hybrid events.”
Webflow, a Y Combinator-backed startup offering creative professionals an easier, more visual way to design and host responsive websites, just hosted a series of virtual conferences on the new Bevy platform. “We were blown away by the amount of engagement from our thousands of attendees during the events and how seamless it was to learn and use the platform,” said Britt Caldwell, Webflow Director of Marketing and Community. “We were so thankful for the level of support provided by the Bevy staff leading up to the event and during execution.” The Webflow World Tour consisted of 9 different virtual conferences across 8 different time zones.
Bevy is gearing up for a tidal wave of virtual conferences in the coming months. The next virtual conference powered by Bevy will be CMX Summit, October 5-7. The flagship conference event for the community industry is expected to bring 10,000 attendees from around the world for three days of workshops, speaker sessions, networking and social events. Admission is free, so click here to reserve a spot.
Bevy was built by the team behind Startup Grind, a global community of entrepreneurs. In 2017, the Bevy platform was made available as a commercial SaaS product for brands looking to Build, Grow and Scale their own Customer-to-Customer (C2C) Marketing. Today, Bevy powers global Community initiatives for B2B, B2C, Education, and other business categories for teams who want to build a global Community of Customer Advocates.
In 2019, Bevy acquired CMX, the largest community professional organization in the world, with the mission of helping community professionals thrive. In addition to hosting an annual conference, CMX operates local chapters in almost 30 different countries. CMX offers training, education and networking opportunities for organizations and individuals to harness the power of community.
In 2020, Bevy raised a $15M Series B round to address the growing demand for virtual events. Since then, Bevy has launched two new products: Bevy Virtual Community and Bevy Virtual Conference. Individually, these platforms address the needs of both community and event marketing professionals. Combined, they deliver significant business results for CMOs looking to rebuild their marketing plans in a post-pandemic world.