Middle East and Africa Virtual Event Software Market
No. of Pages: 101 | Report Code: TIPRE00025359 | Category: Technology, Media and Telecommunications
No. of Pages: 101 | Report Code: TIPRE00025359 | Category: Technology, Media and Telecommunications
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.
Strategic insights for the Middle East and Africa Virtual Event Software provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 669.07 Million |
| Market Size by 2028 | US$ 1,534.97 Million |
| Global CAGR (2021 - 2028) | 12.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Solution
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Virtual Event Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
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.
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.
The Middle East and Africa Virtual Event Software Market is valued at US$ 669.07 Million in 2021, it is projected to reach US$ 1,534.97 Million by 2028.
As per our report Middle East and Africa Virtual Event Software Market, the market size is valued at US$ 669.07 Million in 2021, projecting it to reach US$ 1,534.97 Million by 2028. This translates to a CAGR of approximately 12.6% during the forecast period.
The Middle East and Africa Virtual Event Software 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 Middle East and Africa Virtual Event Software Market report:
The Middle East and Africa Virtual Event Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Virtual Event Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Virtual Event Software Market value chain can benefit from the information contained in a comprehensive market report.
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