Market Introduction
North America is a highly mature market that contributes significantly to the global meetings & events industry. The region has significant supplier capabilities to serve complex client requirements, and industry leaders are leveraging advanced technology to gather data for receiving actionable information. Event apps are witnessing a significant demand in North America, owing to the benefits such as real-time analysis, efficient meetings, and event management that fuels organizational progress. Event apps are also facilitating businesses to grab and analyze attendees’ behavior patterns and make efficient business decisions. The North American event industry is further accelerated by economic development, government investment, and initiatives to develop infrastructure and promote new venues for corporate events, propelling the event apps market. Many small to mid-size event management companies have emerged in North America recently, offering superior service capabilities to enhance the regional meetings & events sector. Digitization is gaining rapid importance as an efficient and cost-effective means of improving and streamlining the attendees' experience during live events.
Market Overview and Dynamics
The North America event apps market is expected to grow from US$ 370.92 million in 2022 to US$ 832.41 million by 2028; it is estimated to register a CAGR of 14.4% from 2022 to 2028.
Hybrid events have gained importance since 2020. The rapidly growing trend of hybrid events as a substitute for in-person events is bolstering the growth of the event apps market in North America. According to a survey conducted by the event professional community, EventMB, in 2021, 71% of event planners stated they would employ a digital strategy, and 67% stated that hybrid is the future of events. The growing demand for a seamless experience in in-person and online events is encouraging start-ups entering the North American event apps market to design and develop technologically advanced solutions for creating and planning hybrid events easily.
In 2021, the International Association of Conference Centres (IACC) hosted their conference in favor of localized “pods” that will operate the in-person event and provide a virtual experience of a full-sized conference. Many companies have adopted strategies to include a longer-term ROI and robust sponsorships to hold a profitable virtual event. The rising demand for virtual event sponsorships is also bolstering the North America event apps market growth. Software Company, Bizzabo offers easy-to-use sponsor profiles that make securing sponsorships easier. Eventtia provides a hybrid event platform with the facility to capture a wider audience that keeps them connected, in-person or remote. Communique Conferencing, Inc., a leading hybrid and virtual event platform provider, launched its all-in-one virtual and hybrid event mobile app in November 2021 for Apple and Android users. The mobile app is an extension to the virtual event platform with features, including in-person attendee check-in, networking, exchange of business cards, and live view sessions. Such factors bolstered the growth of virtual and hybrid events, propelling the North America event apps market growth.
Key Market Segments
Based on type, the North America event apps market is segmented into enterprise event apps, hybrid apps, corporate meeting apps, conference apps, trade show apps, festival apps, and sports event apps. The enterprise event apps segment would hold the largest share in the North America Event Apps market in 2022. The majority of corporate event planning teams focus on a core portfolio of large-scale, high-profile events that need a significant amount of resources. Mobile event applications are becoming more frequent at these events. A mobile event app is a strong tool that is shaking up the traditional meeting model by increasing productivity, promoting participation, and lowering expenses by harnessing technology. For instance, Whova is an all-in-one event management system that makes events more modern and stylish, efficiently attracts and engages attendees, and saves event organizers time on logistical administration. These factors lead to the growth of the North America event apps market.
Based on operating system, the North America event apps market is segmented into iOS, Android, and web-based. The iOS segment led the North America event apps market in 2022. It is anticipated to grow at the highest CAGR during the forecast period.
In terms of end user, the North America event apps market is segmented into event organizers and planners, corporate, government, education, and others. The event organizer and planners segment held the largest share in the North America event apps market in 2021, and it is anticipated to grow at the highest CAGR during the forecast period.
In January 2022, CharliAI announced that it would become a Webex Partner. CharliAI assists organizations in accelerating growth, substantially reducing expenses, streamlining operations, and allowing people to focus on high-value tasks that have tangible and measurable business outcomes. In February 2020, SpotMe introduced Chat and established a new support standard with responses in 20 Seconds. From its locations in Switzerland, Sofia, Singapore, New York, and Chicago, SpotMe is leading the way with a truly global follow-the-sun support approach that strives to provide support replies within a 20-second target response time.
Major Sources and Companies Listed
Company websites, annual reports, financial reports, national government documents, and statistical databases are among the major primary and secondary sources considered for preparing this report on the North America event apps market. Major companies listed in the North America event apps market report include Whova; Cvent Inc.; Evenium; Eventbase Technology Inc.; Livestorm; Meeting Application; On24; Spotme; Webex Events (Formerly Socio); and Yapp Inc.
Reasons to Buy Report
The report segments the North America event apps market as follows:
The North America event apps market is segmented based on type, operating system, and end user. Based on type, the market is categorized into enterprise event apps, hybrid apps, corporate meeting apps, conference apps, trade show apps, festival apps, and sports event apps. Based on operating system, the North America event apps market is segmented into iOS, Android, and web-based. Based on end user, the market is categorized into event organizer and planners, corporates, government, education, and others.
North America Event Apps Market – Company Profiles