Cloud Based Event Management Global Market Report 2024

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 expansion observed during the historic period can be attributed to several factors, including the increasing adoption of cloud-based technology, rising demand from the event management industry, growing globalization of businesses and events, and the increasing shift to remote work practices.

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%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing acceptance of virtual and hybrid events, the rising demand for event automation, the growing need for scalability in event management, the increasing demand for mobile event management solutions, and the growing preference for on-demand event management solutions. Key trends expected during this period include technological advancements, the integration of AI and machine learning, real-time analytics capabilities, the adoption of virtual reality (VR) and augmented reality (AR) technologies, and the integration of social media platforms into event management solutions.

The surge in the popularity of virtual events is poised to drive the expansion of the cloud-based event management market. Virtual events, also known as online events, are gatherings conducted over the internet where participants engage remotely instead of physically attending a venue. This trend's growth is attributed to various factors, including accessibility, cost-effectiveness, the rise of remote work, and environmental considerations. Cloud-based event management services offer a centralized platform for organizers to oversee all aspects of their events, from registration and ticketing to attendee engagement and post-event analysis. By providing tools for online registration, ticketing, and attendee management, these services automate processes and alleviate administrative burdens. For example, a January 2022 survey by Vimeo, a US-based video hosting and services platform provider, revealed that 72% of respondents plan to attend the same number or more online events once in-person events resume, with 27% intending to attend more virtual events than they currently do. This indicates a 35% increase in virtual event popularity since 2020. Consequently, the growing demand for virtual events is propelling the cloud-based event management market's growth.

Key players in the cloud-based event management sector are prioritizing strategic partnerships to deliver reliable services to customers. Strategic partnerships involve collaborations between two or more companies or organizations to achieve mutual goals. For instance, in March 2022, Microsoft Corporation partnered with Whova Inc., a US-based software company specializing in intelligent event technology solutions. This collaboration aims to streamline virtual and hybrid event management for Microsoft Teams customers by leveraging Whova's robust event planning capabilities. Through this integration, organizers can create, edit, and manage Teams meetings directly from the Whova app, simplifying the process and saving time. By offering a seamless integration between Microsoft Teams and Whova, this partnership enhances event management experiences and provides a comprehensive solution for virtual and hybrid event planning.

In August 2023, Tripleseat, a US-based cloud-based event management software provider for the hospitality industry, successfully acquired Attendease for an undisclosed amount. This strategic acquisition is designed to offer comprehensive event management solutions for both social and corporate event planners. By combining Tripleseat's sales and event management platform with Attendease's event planner application, the acquisition creates a seamless and integrated system for managing various types of events. Attendease, headquartered in Canada, is a provider of cloud-based event management solutions, offering features such as registration, payment processing, attendee management, event marketing, and analytics.

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.

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. The countries covered in the cloud based event management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cloud-based event management refers to leveraging cloud computing technologies to plan, organize, and execute events, encompassing conferences, seminars, trade exhibitions, and meetings. This approach involves utilizing online platforms, applications, and services hosted on remote servers to streamline various aspects of event administration, including registration, communication, content delivery, and analytics.

The primary components of cloud-based event management comprise software and services. Cloud-based event management software utilizes cloud technology to facilitate event planning, execution, and management. These solutions cater to organizations of diverse sizes, ranging from small and medium-sized enterprises (SMEs) to large enterprises, and serve various end users, including event organizers and planners across corporate, government, education, and other sectors.

The cloud based event management market research report is one of a series of new reports that provides cloud based event management market statistics, including cloud based event management industry global market size, regional shares, competitors with a cloud based event management market share, detailed cloud based event management market segments, market trends and opportunities, and any further data you may need to thrive in the cloud based event management industry. This cloud based event management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cloud-based event management market includes revenues earned by entities by providing services such as event registration and ticketing, event website creation, attendee management, virtual event capabilities, payment processing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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