The cloud based event management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cloud Based Event Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cloud based event management market size has grown rapidly in recent years. It will grow from $8.98 billion in 2023 to $10.45 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to increasing use of cloud-based technology, growing demand from the event management industry, increasing globalization of businesses and events, increasing shift to remote work.
The cloud based event management market size is expected to see rapid growth in the next few years. It will grow to $18.92 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to increasing acceptance of virtual and hybrid events, increasing demand for event automation, increasing need for scalability in event management, growing demand for mobile event management solutions, growing preference for on-demand event management solutions. Major trends in the forecast period include technological advancement, AI and machine learning integration, real-time analytics, virtual reality (VR) and augmented reality (AR), social media integration.
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Scope Of Cloud Based Event Management Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cloud Based Event Management Market Overview
Market Drivers –
The growing popularity of virtual events is expected to propel the growth of the cloud-based event management market going forward. A virtual event, also known as an online event, refers to an event that takes place online, where participants engage virtually rather than physically. The increasing popularity of virtual events can be attributed to their accessibility, cost-effectiveness, increasing remote work jobs, and environmental considerations. Cloud-based management services provide a centralized platform for event organizers to manage all aspects of their events, from registration and ticketing to attendee engagement and post-event analytics. They also offer tools for online registration, ticketing, and attendee management, automating these processes and reducing administrative burdens. For instance, in January 2022, according to a survey conducted by Vimeo, a US-based video hosting, sharing, and services platform provider, 72% of the survey participants intend to attend the same number (or more) of online events as they do now, once in-person events resume. 27% plan to attend more virtual events than they presently do. Virtual events have increased in popularity by 35% since 2020. Therefore, the growing popularity of virtual events is driving the growth of the cloud-based event management market.
Market Trends –
Major companies operating in the cloud-based event management market are focusing on strategic partnerships to provide reliable services to customers. A strategic partnership is an arrangement between two or more companies or organizations that helps each other or works together to achieve their respective goals. For instance, in March 2022, The Microsoft Corporation, a US-based technology corporation, partnered with Whova Inc., a US-based software company that provides intelligent event technology solutions, to streamline virtual and hybrid event management for Microsoft Teams customers by utilizing robust event planning capabilities on Whova and delivering attendees with an engaging experience. With this integration, organizers can create, edit, and manage Teams meetings directly from the Whova app, saving time and simplifying the process by handling everything from a single platform. This collaboration aims to enhance event management experiences by providing a seamless integration between Microsoft Teams and Whova, offering a comprehensive solution for virtual and hybrid event planning.
The cloud based event management market covered in this report is segmented –
1) By Component: Software, Services
2) By Organization Size: Small And Medium-sized Enterprises (SMEs), Large Enterprises
3) By End User: Event Organizers And Planners, Corporate, Government, Education, Other End Users
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Regional Insights –
North America was the largest region in the cloud based event management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud based event management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cloud based event management market are ACTIVE Network LLC, The International Business Machines Corporation, RainFocus, Zoho Corporation, Cvent Holding Corp., Arlo Technologies, XING Events, Bitrix24, Eventbrite, Aventri Inc., Tripleseat, Bizzabo Limited, EventMobi, Attendify, Certain Inc., webMOBI, EventBooking, EventsAir, Momentus Technologies, EventGeek, Hopin Ltd., Meeting Evolution Inc., Regpacks, Boomset Inc., EventPro Software, Eventzilla
Table of Contents
1. Executive Summary
2. Cloud Based Event Management Market Report Structure
3. Cloud Based Event Management Market Trends And Strategies
4. Cloud Based Event Management Market – Macro Economic Scenario
5. Global Cloud Based Event Management Market Size and Growth
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32. Global Cloud Based Event Management Market Competitive Benchmarking
33. Global Cloud Based Event Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cloud Based Event Management Market
35. Cloud Based Event Management Market Future Outlook and Potential Analysis
36. Appendix
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