Cloud Based Event Management Market Poised for 16.1 % Growth, Set to Hit $21.99 Billion by 2029

How Are the key drivers contributing to the expansion of the cloud based event management market?
The surge in virtual events' prevalence is anticipated to drive the expansion of the cloud-based event management industry. Virtual events, or online events, are digital gatherings where attendees participate virtually rather than in-person. The rise in such events' popularity mainly stems from their easy accessibility, affordability, the increasing trend of remote work, and environmental considerations. Cloud-based management services offer a one-stop platform for event planners to handle all facets of their events, from ticketing and registration to participant interaction and post-event analytics. These services also provide streamlined tools for online ticketing, registration, and participant management, minimizing administrative tasks. For instance, a survey conducted by Vimeo, a US-based video hosting, sharing, and platform provider, revealed in January 2022, that 72% of the respondents plan to participate in the same or more online events, even when the in-person events return. Consequently, the surge in virtual events' popularity is fueling the expansion of the cloud-based event management industry.

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What growth opportunities are expected to drive the cloud based event management market's CAGR through 2034?
The market size of cloud-based event management has been experiencing swift expansion in the past few years. The market, currently valued at $10.45 billion in 2024, is expected to surge to $12.12 billion in 2025, showcasing a compound annual growth rate (CAGR) of 16.0%. Factors such as escalating use of cloud technology, growing needs from the event management sector, widespread globalization of businesses and events, along with the increasing trend of remote work, have all contributed to this historical growth.

In the coming years, the market size for cloud-based event management is anticipated to experience swift expansion. The projected growth would see the market size reach $21.99 billion in 2029, expanding at a compound annual growth rate of 16.1%. The expected growth within the forecast period is linked to several factors, including the growing acceptance of virtual and hybrid event formats, escalating demand for event automation, and a rising need for scalability in event management. There is also an increasing demand for mobile event management solutions and a preference for on-demand event management solutions. The forecast period also anticipates significant trends like technological advancements, integration of AI and machine learning, real-time analytics, the incorporation of virtual reality (VR) and augmented reality (AR), and the integration of social media platforms.

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What trends are poised to drive the future success of the cloud based event management market?
Firms leading in the cloud-based event management market are targeting strategic collaborations to deliver robust services to their clientele. A strategic partnership involves a mutual agreement between two or more entities aiming to work together to reach their individual objectives. To illustrate, The Microsoft Corporation, a tech giant based in the US, formed an alliance with Whova Inc., a US-based software firm specialising in smart event technology, in March 2022. This partnership enables better management of virtual and hybrid events for Microsoft Teams users by utilizing Whova's proficient event planning features and offering an engaging experience for attendees. Following this integration, hosts can now conduct, modify, and control Teams meetings directly from the Whova application. This not only saves time but also makes the process easier by combining all operations onto one single platform. This synergy is intended to improve event management experiences by facilitating a smooth integration between Microsoft Teams and Whova, introducing a complete solution for virtual and hybrid event planning.

Which growth-oriented segments of the cloud based event management market are leading the industry's development?
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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What regions are leading the charge in 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 companies are at the forefront of innovation in the cloud based event management market?
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

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What Is Covered In The Cloud Based Event Management Global Market Report?

• Market Size Forecast: Examine the cloud based event management market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cloud based event management market for a structured understanding.
• Key Players Overview: Analyze major players in the cloud based event management market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cloud based event management market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cloud based event management market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cloud based event management market.
• Industry Challenges: Identify potential risks and obstacles affecting the cloud based event management market.
• Competitive Landscape: Review strategic developments in the cloud based event management market, including expansions, agreements, and new product launches.

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