Cloud Based Event Management Global Market Analysis, Trends, Growth, Research And Forecast 2033

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.

Market Overview -
Cloud-based event management is the use of cloud computing technologies to plan, organize, and carry out events, including conferences, seminars, trade exhibitions, and meetings. This approach involves using online platforms, applications, and services housed on remote servers to streamline different parts of event administration, such as registration, communication, content delivery, and analytics.

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Virtual Events Ignite Growth In The Cloud-Based Event Management Market
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.

Competitive Landscape -
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

Microsoft Teams And Whova Inc. Partnership Elevating Event Management Capabilities Through Seamless Integration
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.

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Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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