UK and Ireland Virtual Event Market Growing at 13.3% CAGR to Hit USD 36.1 Billion by 2027 | Growth, Share Analysis, Company Profiles

As per the report published by Allied Market Research, the UK and Ireland virtual event market was accounted for $3.14 billion in 2019, and is estimated to reach $36.18 billion by 2027, growing at a CAGR of 13.3% from 2021 to 2027.

Rise in trend of work from home, surge in sponsorship for virtual events, low operational costs in organizing virtual events, and the globalization of businesses drive the growth of the UK and Ireland virtual event market. However, lack of awareness regarding technology hinders the market growth. On the contrary, technological advancements in the virtual event industry are expected to open lucrative opportunities for the market players in the future.

The UK and Ireland virtual event market is segmented on the basis of event type, revenue source, age group, and country.

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Based on event type, the entertainment segment dominates the market in terms of revenue, accounting for nearly one-third of the market. However, the webinar segment is expected to register the highest CAGR of 14.7% during the forecast period.

On the basis of revenue source, the ticket sales segment is projected to manifest the highest CAGR of 14.5% during the forecast period. However, the sponsorship segment held the largest share in 2019, contributing to more than half of the market.

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Based on country, the market across the UK held the lion's share in 2019, accounting for more than two-thirds of the market. However, the market across Ireland is expected to portray the highest CAGR of 16.3% during the forecast period.

The UK and Ireland virtual event market include an in-depth analysis of the prime market players such as George P Johnson Event Marketing Private Limited

First Event

Hopin

Grooveyard Event Limited

MGN Events Ltd.

Julia Charles Event Management Ltd.

Seven Events Ltd.

Saville Group Ltd.

Verve Live Agency

The Events Company

Know More- https://www.globenewswire.com/de/news-release/2021/07/01/2256646/0/en/UK-and-Ireland-Virtual-Event-Market-to-Generate-36-18-Billion-by-2027-Allied-Market-Research.html

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