Press release
Cloud Based Event Management Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
"How Big Is the Cloud Based Event Management Market Expected to Be, and What Will Its Growth Rate Be?The cloud-based event management market has grown rapidly in recent years. It is projected to rise from $10.45 billion in 2024 to $12.12 billion in 2025, reflecting a CAGR of 16.0%. This growth can be attributed to the increasing use of cloud-based technology, rising demand from the event management sector, the globalization of businesses and events, and the shift to remote work.
In the cloud-based event management market, growth will reach $21.99 billion by 2029, growing at a CAGR of 16.1%. Trends include virtual events, real-time analytics, AI integration, and social media integration.
What Are the Primary Growth Drivers for the Cloud Based Event Management Market?
The growing popularity of virtual events is expected to drive the growth of the cloud-based event management market. Virtual events are cost-effective, accessible, and increasingly preferred due to remote work trends and environmental considerations. Cloud-based event management systems centralize event planning, from registration to post-event analytics. A survey by Vimeo found that 72% of respondents planned to attend the same number or more online events once in-person events resume. This growing popularity will fuel the growth of the cloud-based event management market.
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Who Are the Dominant Companies Influencing Cloud Based Event Management Market Trends?
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
How Is the Cloud Based Event Management Market Evolving?
Leading companies in the cloud-based event management market are focusing on strategic partnerships to offer reliable services to customers. A strategic partnership is an agreement between two or more organizations that helps them achieve mutual goals. For example, in March 2022, Microsoft Corporation, a US-based technology giant, partnered with Whova Inc., a US-based software company that provides event technology solutions, to streamline virtual and hybrid event management for Microsoft Teams users. This collaboration integrates Whova's event planning capabilities with Microsoft Teams, allowing organizers to manage events directly from the Whova app, simplifying the process by consolidating everything onto a single platform.
What Are the Different Segmentations in the Cloud Based Event Management Market?
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
Subsegments:
1) By Software: Event Planning Software, Event Registration Software, Event marketing Software, Event Ticketing Software, Event Analytics And Reporting Software, Event Collaboration Software
2) By Services: Professional Services, Managed Services, Support And Maintenance Services
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Which Region Is at the Forefront of the Cloud Based Event Management Market?
North America was the largest region in the cloud based event management market in 2024. 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.
What Is Covered In The Cloud Based Event Management Global Market Report?
- Market Size Analysis: Analyze the Cloud Based Event Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cloud Based Event Management Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cloud Based Event Management Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cloud Based Event Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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