Middle East and Africa Virtual Event Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Solution (Software and Services), Enterprise Size (SMEs and Large Enterprises), and End-User (Trade Show Organizers, Event Management Agencies, Corporates, Academic Organizations, and Others)

Code: TIPRE00025359 | Pages: 101 | Industry: Technology, Media and Telecommunications | Date: Oct 2021
Covid

Market Introduction

The Middle East & Africa region includes countries such as South Africa, Saudi Arabia, and the UAE. The MEA is projected to witness a rapid rise in urbanization and industrialization, which would further drive the growth of the entire economy. The Gulf countries are economically advanced, while the African countries are yet to balance the economic conditions. The global COVID-19 crisis has enforced various tech events and conferences in the Middle East to be postponed or canceled. This has compelled several organizations to conduct virtual events. The tech conferences provide IT leaders the opportunity to seek advanced technologies such as internet of things, artificial intelligence, 5G, and blockchain and offer new methods to optimize legacy systems.

•             Fintex Middle East (also known as Fintex Digital): It is a first-ever large-scale virtual summit for the banking industry.

•             Future Datacenters & Cloud Infrastructure Summit: This data center and cloud conference discuss topics related to data center management, security, and infrastructure.

•             World Fintech Forum, E-Pay Summit, Techspo, IDC CIO Summit, Gulf Information Security Expo, and Conference (GISEC), Future Blockchain Summit, and GITEX are among other conferences designed with latest technologies such as 5G, Digital Marketing, Retail tech, Fintech, AI, and IoT.

•             In 2020, the region experienced Seatrade Maritime Middle East Virtual which attracted the attention of maritime professionals and enabled them to utilize interactive networking opportunities.

•             Finnovex, MEBIS+, Seamless Middle East 2021, Fintech Surge 2021, Middle East Investment Summit 2021, and IFN Middle East Forum 2021 are some of the virtual & live fintech events that are being held in the Middle East.

As per World-o-meter, among Middle East and Africa countries, Turkey has faced the highest number of COVID-19 cases. Other major countries that are facing the economic impact of COVID-19 include Iran, Saudi Arabia, UAE, Egypt, Morocco, and Kuwait. The recent nationwide lockdown across South Africa, Saudi Arabia an UAE also have forced the companies to switch there shows and meetings virtually. Hence, the overall impact of COVID-19 on Middle East and Africa region is low to moderate.


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Market Overview and Dynamics

The virtual event software market in Middle East & Africa is expected to grow from US$ 669.07 million in 2021 to US$ 1,534.97 million by 2028; it is estimated to grow at a CAGR of 12.6% from 2021 to 2028. The in-person host event industry has experienced a disruption in face-to-face networking, live events, and buzz of an exhibition events owing to COVID-19. This disruption has triggered the scope of virtual events and is expanding across the globe. Therefore, factors such as, Flexible ticketing and smaller micro events are reshaping the event industry and especially virtual events. It has been observed that even in 2021, approximately 90% of event professionals are aiming to invest in virtual events from moving forward. Additionally, around 80% of event organizers/planners are looking ahead to use virtual event and persist with a potential to reach wider group of audience through virtual events. In addition, over 60% of event professionals has turned a physical event into a virtual one owing to COVID-19. Thus, companies like Cvent, Aventri, Ubivent, and Pathable, Inc. are offering advanced virtual event software to help organizers/planners/corporates manage their events successfully.

Key Market Segments

In terms of solution, the software segment held a larger share in 2020. Based on enterprise size, large enterprises size segment held the largest share in 2020.  Based on end-user, the trade show organizers segment held the largest share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the virtual event software market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Hopin; InEvent, Inc.; Pathable; Hubilo Technologies Inc.; ubivent; Cvent Inc.; vFairs LLC; and Whova Inc among others.

Reasons to buy report

  • To understand the Middle East & Africa virtual event software market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Middle East & Africa virtual event software market
  • Efficiently plan M&A and partnership deals in Middle East & Africa virtual event software market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East & Africa virtual event software market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East & Africa region.

 

Middle East & Africa Virtual Event Software Market Segmentation

 

Middle East & Africa Virtual Event Software Market – By Solution

  • Software
  • Services

Middle East & Africa Virtual Event Software Market – By Enterprise Size

  • SMEs
  • Large Enterprises

Middle East & Africa Virtual Event Software Market – By End-User

  • Trade Show Organizers
  • Event Management Agencies
  • Corporates
  • Academic Organizations
  • Others

Middle East & Africa Virtual Event Software Market – By Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Middle East & Africa Virtual Event Software Market – Companies Mentioned

  • Hopin         
  • InEvent Inc.                        
  • Pathable, Inc.                      
  • Hubilo Technologies Inc.  
  • ubivent   
  • Cvent Inc.                           
  • vFairs LLC                             
  • Whova Inc                         

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

2.          Key Takeaways

3.          Research Methodology

3.1        Coverage

3.2        Secondary Research

3.3        Primary Research

4.          Middle East & Africa Virtual Event Software – Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.3        Ecosystem Analysis

4.4        Expert Opinion

5.          Middle East & Africa Virtual Event Software Market – Key Market Dynamics

5.1        Key Market Drivers

5.1.1        Elevating inclination toward virtual events

5.1.2        Up-surging application of virtual events by planners

5.2        Key Market Restraints

5.2.1        Increasing threat of data protection

5.3        Key Market Opportunities

5.3.1        Commencement of live streaming feature and rising concept of hybrid events

5.4        Future Trends

5.4.1        Launch of advanced technologies

5.5        Impact Analysis of Drivers and Restraints

6.          Middle East & Africa Virtual Event Software – Market Analysis

6.1        Middle East & Africa Virtual Event Software Market Overview

6.2        Middle East & Africa Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

7.          Middle East & Africa Virtual Event Software Market Analysis – By Solution

7.1        Overview

7.1.1        Middle East & Africa Virtual Event Software Market- by Solution

7.2        Software

7.2.1        Overview

7.2.2        Software: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

7.3        Services

7.3.1        Overview

7.3.2        Services: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

8.          Middle East & Africa Virtual Event Software Market – By Enterprise Size

8.1        Overview

8.2        Middle East & Africa Virtual Event Software Market- By Enterprise Size

8.3        SMEs

8.3.1        Overview

8.3.2        SMEs: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

8.4        Large Enterprises

8.4.1        Overview

8.4.2        Large Enterprises: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

9.          Middle East & Africa Virtual Event Software Market – By End-User

9.1        Overview

9.1.1        Middle East & Africa Virtual Event Software Market- By End-user

9.2        Trade Show Organizers

9.2.1        Overview

9.2.2        Trade Show Organizers: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

9.3        Event Management Agencies

9.3.1        Overview

9.3.2        Event Management Agencies: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

9.4        Corporates

9.4.1        Overview

9.4.2        Corporates: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

9.5        Academic Organizations

9.5.1        Overview

9.5.2        Academic Organizations: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

9.6        Other End-Users

9.6.1        Overview

9.6.2        Other End-Users: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

10.       Middle East & Africa Virtual Event Software Market – Country Analysis

10.1      Overview

10.1.1     MEA: Virtual Event Software Market- by Key Country

10.1.1.1       South Africa: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       South Africa: Virtual Event Software Market- by Solution

10.1.1.1.2       South Africa: Virtual Event Software Market- By Enterprise Size

10.1.1.1.3       South Africa: Virtual Event Software Market- By End-user

10.1.1.2       Saudi Arabia: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       Saudi Arabia: Virtual Event Software Market- by Solution

10.1.1.2.2       Saudi Arabia: Virtual Event Software Market- By Enterprise Size

10.1.1.2.3       Saudi Arabia: Virtual Event Software Market- By End-user

10.1.1.3       UAE: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       UAE: Virtual Event Software Market- by Solution

10.1.1.3.2       UAE: Virtual Event Software Market- By Enterprise Size

10.1.1.3.3       UAE: Virtual Event Software Market- By End-user

10.1.1.4       Rest of MEA: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1       Rest of MEA: Virtual Event Software Market- by Solution

10.1.1.4.2       Rest of MEA: Virtual Event Software Market- By Enterprise Size

10.1.1.4.3       Rest of MEA: Virtual Event Software Market- By End-user

11.       Middle East & Africa Virtual Event Software Market- COVID-19 Impact Analysis

11.1      Overview

12.       Middle East and Africa Virtual Event Software Market –Industry Landscape

12.1      Overview

12.2      Market Initiative

12.3      Merger and Acquisition

12.4      New Product Launch

13.       Company Profiles

13.1      Cvent Inc.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Hopin

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      InEvent Inc.

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Pathable, Inc

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Hubilo Technologies Inc.

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      ubivent

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      vFairs LLC

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Whova Inc.

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

14.       Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

Table 1.            South Africa: Virtual Event Software Market- by Solution –Revenue and Forecast to 2028 (US$ Million)

Table 2.            South Africa: Virtual Event Software Market- By Enterprise Size–Revenue and Forecast to 2028 (US$ Million)

Table 3.            South Africa: Virtual Event Software Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 4.            Saudi Arabia: Virtual Event Software Market- by Solution –Revenue and Forecast to 2028 (US$ Million)

Table 5.            Saudi Arabia: Virtual Event Software Market- By Enterprise Size–Revenue and Forecast to 2028 (US$ Million)

Table 6.            Saudi Arabia: Virtual Event Software Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 7.            UAE: Virtual Event Software Market- by Solution –Revenue and Forecast to 2028 (US$ Million)

Table 8.            UAE: Virtual Event Software Market- By Enterprise Size–Revenue and Forecast to 2028 (US$ Million)

Table 9.            UAE: Virtual Event Software Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 10.          Rest of MEA: Virtual Event Software Market- by Solution –Revenue and Forecast to 2028 (US$ Million)

Table 11.          Rest of MEA: Virtual Event Software Market- By Enterprise Size–Revenue and Forecast to 2028 (US$ Million)

Table 12.          Rest of MEA: Virtual Event Software Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 13.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Middle East & Africa Virtual Event Software Market Segmentation

Figure 2.           Middle East & Africa Virtual Event Software Market Segmentation – By Country

Figure 3.           Middle East & Africa Virtual Event Software Market Overview

Figure 4.           software Segment Held the Largest Market Share in 2020

Figure 5.           Large Enterprises Segment Held the Largest Market Share in 2020

Figure 6.           Trade Show Organizers End-user Held the Largest Market Share in 2020

Figure 7.           The UAE was the Largest Revenue Contributor in 2020

Figure 8.           Middle East and Africa – PEST Analysis

Figure 9.           Virtual Event Software Market– Ecosystem Analysis

Figure 10.        Expert Opinion

Figure 11.        Middle East & Africa virtual event software market: Impact Analysis of Drivers and Restraints

Figure 12.        Middle East & Africa Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Middle East & Africa Virtual Event Software Market Revenue Share, By Solution (2020 and 2028)

Figure 14.        Software: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Services: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Middle East & Africa Virtual Event Software Market Revenue Share, By Enterprise Size (2020 and 2028)

Figure 17.        SMEs: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Large Enterprises: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Middle East & Africa Virtual Event Software Market Revenue Share, By End-user (2020 and 2028)

Figure 20.        Trade Show Organizers: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Event Management Agencies: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Corporates: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Academic Organizations: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Other End-Users: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Geographic Overview of Middle East & Africa Virtual Event Software Market

Figure 26.        MEA: Virtual Event Software Market Revenue Share, By Key Country (2020 and 2028)

Figure 27.        South Africa: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Saudi Arabia: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        UAE: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Rest of MEA: Virtual Event Software Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Impact of COVID-19 Pandemic in Middle East and Africa

  1. Hopin         
  2. InEvent Inc.                        
  3. Pathable, Inc.                      
  4. Hubilo Technologies Inc.  
  5. ubivent   
  6. Cvent Inc.                           
  7. vFairs LLC                            
  8. Whova Inc                         
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa virtual event software market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa virtual event software market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the virtual event software market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution  
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