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ON24 Named a Leader in 2023 IDC MarketScape for Virtual Events Applications

ON24 Named a Leader in 2023 IDC MarketScape for Virtual Events Applications

January 8th, 2024

SAN FRANCISCO – With AI transforming how businesses drive revenue growth, ON24 (NYSE: ONTF), a digital engagement platform for B2B sales and marketing, was recognized as a Leader in the IDC MarketScape: Worldwide Virtual Events Applications 2023–2024 Vendor Assessment (doc. #US50010323, November 2023). The IDC MarketScape also recognized ON24 for its strengths in data captured during events that lead to actions that drive engagement and revenue, integrations and APIs, and the platform’s use of AI for both content and intelligent metrics.

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.

“The rapid growth of generative AI across platforms will continue. Early implementations are creating personalized content for users while the more advanced users will create personalized video content,” said Wayne Kurtzman, Research Vice President, Social, Communities and Collaboration, IDC. “ON24 is positioned in the Leader’s category in the 2023-2024 worldwide IDC MarketScape for virtual events because it offers significant personalization, enables content to be created quickly for multiple channels and modalities, and leverages AI to generate written or video content creation and streamline processes.”

Additional ON24 strengths highlighted in the IDC MarketScape include: 

  • AI capabilities: ON24 uses AI for both content and intelligent metrics to enable real-time reaction and engagement, including NPSs. 
  • Integrations and APIs: ON24 easily runs modest or highly customized virtual events. RESTful APIs enable a wide array of functionality and allow for the capture of first-party data within systems of record while supporting versatile user experiences.
  • Personalization: ON24 offers significant personalization, enables content to be created quickly for multiple channels and modalities, and leverages AI to generate written or video content creation and streamline processes. 
  • Perpetual engagement: ON24’s new community event type is a significant addition, creating perpetual, face-to-face engagement within an already-robust marketing platform. 

 

According to the report, “Consider ON24 if you want to make an impression on your audience; engage that audience before, during, and after the event; measure the details; and reuse content across platforms or when you just want to have significant creative options and strong metrics that integrate with your MAP, CRM, and BI tools.”

“AI is the most significant trend shaping business today and at the center of our platform innovation– powering a new era of intelligent engagement through personalized, connected and data-rich experiences that continuously drive engagement and deliver business results,” said Sharat Sharan, co-founder and CEO, ON24. “We are proud to be named a Leader in the IDC MarketScape, and believe this recognition underscores our commitment to helping customers unlock AI innovation, improve efficiency and fuel revenue growth.”

Read the IDC MarketScape report excerpt here to learn more about ON24.

About IDC MarketScape 

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About ON24

ON24 is on a mission to re-imagine how companies engage, understand and build relationships with their audience in a digital world. Through our leading sales and marketing platform for digital engagement, powered by generative AI, businesses use our portfolio of webinar, virtual event and content experiences to drive engagement and generate first-party data, delivering revenue growth across the enterprise – from demand generation to customer success to partner enablement.

ON24 powers digital engagement for industry-leading customers worldwide, including 3 of the 5 largest global technology companies, 3 of the 6 largest US banks, 3 of the 5 largest global healthcare companies, and 3 of the 5 largest global industrial manufacturers, enabling organizations to reach millions of professionals a month for billions of engagement minutes per year with all the first-party data being captured, generated and integrated from one place. ON24 is headquartered in San Francisco with global offices in North America, EMEA, and APAC. For more information, visit www.ON24.com.

Forward-Looking Statements

This document contains “forward-looking statements” under applicable securities laws. In some cases, such statements can be identified by words such as: “expect,” “convert,” “believe,” “plan,” “future,” “may,” “should,” “will,” and similar references to future periods. Forward-looking statements include express or implied statements regarding our ability to achieve our business strategies, growth, or other future events or conditions. Such statements are based on our current beliefs, expectations, and assumptions about future events or conditions, which are subject to inherent risks and uncertainties, including the risks and uncertainties discussed in the filings we make from time to time with the Securities and Exchange Commission. Actual results may differ materially from those indicated in forward-looking statements, and you should not place undue reliance on them. All statements herein are based only on information currently available to us and speak only as of the date hereof. Except as required by law, we undertake no obligation to update any such statement.

© 2023 ON24, Inc. All rights reserved. ON24 and the ON24 logo are trademarks owned by ON24, Inc., and are registered in the United States Patent and Trademark Office and in other countries.

IDC MarketScape: Worldwide Virtual Events Applications 2023–2024 Vendor Assessment, Doc #US50010323, November 2023

Contacts

Media:
Tessa Barron
press@on24.com

Investor:
Lauren Sloane, The Blueshirt Group for ON24
investorrelations@on24.com

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