Cloud Based Event Management Industry Outlook 2025-2029: Market Set to Cross $21.99 Billion Milestone

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How Large Will the Cloud Based Event Management Market Size By 2025?
The market size for cloud-based event management has experienced a rapid surge in growth over the past few years. The market, currently valued at $10.45 billion in 2024, is projected to rise to $12.12 billion by 2025, giving it a compound annual growth rate (CAGR) of 16.0%. Aiding this substantial growth during the historic period is the rise of cloud-based technology usage, an upswing in demand from the event management sector, a rise in global business and event consolidation, and a notable transition towards remote work.

How Big Is the Cloud Based Event Management Market Size Expected to Grow by 2029?
Expectations are high for the cloud-based event management market size to experience swift expansion in the coming years. The market is projected to reach $21.99 billion by 2029, with a compound annual growth rate (CAGR) of 16.1%. The predicted growth throughout this forecast period can be attributed to factors like the increasing acceptance of virtual and hybrid events, rising demand for event automation, and the growing need for scalability in event management. The burgeoning demand for mobile and on-demand event management solutions also contributes to this anticipated growth. Key trends to watch out for during this period include technological advancements, the integration of AI and machine learning, real-time analytics, and the use of virtual reality (VR) and augmented reality (AR), as well as social media integration.

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Which Key Market Drivers Powering Cloud Based Event Management Market Expansion and Growth?
The surge in recognition of online occasions is predicted to drive the expansion of the cloud-based event management market in the future. An online function, or a virtual occasion, is one that happens online, where attendees participate virtually rather than physically. The reasons for the growing appeal of virtual events include their ease of access, affordability, increasing remote work opportunities, and environmental considerations. Cloud-based management services offer a comprehensive platform for event planners to oversee all aspects of their events, from registration and ticketing to participant engagement and post-event analysis. They also supply tools for online registration, ticketing, and attendee management, automating these tasks and lessening administrative duties. For instance, in January 2022, a survey by Vimeo, an American video hosting, sharing, and services platform provider, revealed that 72% of the survey participants plan to partake in the same number or more of online events as they currently do, once in-person events reconvene. For this reason, the escalating attractiveness of virtual events is fuelling the growth of the cloud-based event management market.

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Which Fast-Growing Trends Are Poised to Disrupt the Cloud Based Event Management Market?
Key players in the cloud-based event management market are adopting strategic alliances to deliver dependable services to their clients. Strategic alliance defines an agreement among two or more corporations or businesses that cooperate or aid one another in attaining their individual objectives. To illustrate, in March 2022, The Microsoft Corporation, an established technology company in the US, collaborated with Whova Inc., an American software firm specializing in smart event technology solutions. This partnership was formed to revolutionize the organization of virtual and hybrid events for Microsoft Teams users by leveraging the advanced event planning potential of Whova and providing attendees an engaging experience. Through this merger, organizers have the ability to form, adjust, and oversee Teams meetings directly via the Whova app, thus saving time and streamlining operations by managing everything on a singular platform. The goal of this partnership is to improve event management experiences by furnishing a unified solution through the seamless integration between Microsoft Teams and Whova for virtual and hybrid event planning.

What Are the Emerging Segments 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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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Cloud Based Event Management Industry?
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.

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