The APAC events management platform market is expected to grow from US$ 7,837.20 million in 2022 to US$ 16,470.01 million by 2028; it is estimated to grow at a CAGR of 13.2% from 2022 to 2028.
Virtual events are emerging as a new future trend in the event industry. According to a study by Enterprise Event Marketing in 2016, the use of technology can increase event attendance by 20%, increase productivity by 27%, and reduce related costs by up to 30%. Event management technologies can help enhance the experience of attendees. Technology makes the work of an event manager easier and allows them to focus on the main parts of an event. Event apps are an upcoming trend in the business-to-business (B2B) sector. Event apps ensure the smoother and faster functioning of events. The trend is also incorporated in the business-to-consumer (B2C) sector to increase communication and engagement during corporate event planning. Event apps can be tailored according to individual requirements to organize event experiences for delegates. Similarly, facial recognition solution is in its initial phase. Its primary requirement is to enhance registration and speed up attendees' check-in. It will have less waiting time during the registration process. Further, the solution improves event security, which is a foremost consideration, especially in the case of larger events. Hence, the digitization trend is projected to boost the growth of the event management platform market during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC events management platform market. The APAC events management platform market is expected to grow at a good CAGR during the forecast period.
APAC Events Management Platform Market Segmentation
The APAC events management platform market is segmented based on component, deployment, application, end user, and country. Based on component, the market is segmented into hardware, software, and services. The services segment would dominate the market in 2022. The same segment is expected to grow at the fastest rate during the forecast period. In terms of deployment, the market is bifurcated into on-premise and cloud-based. The cloud-based segment would dominate the market in 2022, and it is anticipated to grow at a faster rate during the forecast period. Based on application, the market is segmented into event planning, event registration and ticketing, event marketing, content management, networking management, analytics and reporting, audience engagement and communication, visitor management, venue management, virtual lobby management, and others. The event planning segment would dominate the market in 2022 and is expected to be the fastest-growing segment during the forecast period. Based on end user, the event management platform market is segmented into trade show organizers, event management agencies, corporates, academics, organizations, associations/non-profitable trusts/government bodies, and others. The event management agencies segment dominated the market in 2022. The same segment is anticipated to grow at the fastest rate during the forecast period. Based on country, the APAC events management platform market is segmented into China, Japan, India, Australia, South Korea, and the Rest of APAC.
ACTIVE Network, LLC; Aventri, Inc.; BigMarker; Bizzabo; Swapcard; and Zuddl are among the leading companies in the APAC events management platform market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 7,837.20 Million |
| Market Size by 2028 | US$ 16,470.01 Million |
| CAGR (2022 - 2028) | 13.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Events Management Platform Market is valued at US$ 7,837.20 Million in 2022, it is projected to reach US$ 16,470.01 Million by 2028.
As per our report Asia Pacific Events Management Platform Market, the market size is valued at US$ 7,837.20 Million in 2022, projecting it to reach US$ 16,470.01 Million by 2028. This translates to a CAGR of approximately 13.2% during the forecast period.
The Asia Pacific Events Management Platform Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Events Management Platform Market report:
The Asia Pacific Events Management Platform Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Events Management Platform Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Events Management Platform Market value chain can benefit from the information contained in a comprehensive market report.
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