Middle East and Africa Virtual Event Software Market Segments and Growth by 2028
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)
- Status : Published
- Report Code : TIPRE00025359
- Category : Technology, Media and Telecommunications
- No. of Pages : 101
- Available Report Formats :
- Last update date : October 11, 2021
2021 Market Size
US$ 669.07 Mn
Base year value
2028 Forecast
US$ 1,534.97 Mn
Projected by 2028
CAGR 2022-2028
12.6 %
Growth rate
Addressable Market
US$ 7,742.56 Mn
(2022-2028)
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.
With experiencing innovation in event industry, the virtual events are emerging as a new future of event industry. Emerging trend of digitization is projected to drive the scope of virtual event software market in forthcoming period. Below mentioned are some of the trends prevailing in virtual event that would help in penetration the future growth of virtual event software.
AR & VR Experiences
- Augmented and virtual realities are becoming as the latest trend in event industry. Augmented reality grabs attention and encourages participants to interact with other participants in event. This Solution enhances consumer experience, resulting in more social media shares, media attention, and engagement. Also, visual reality on the other side is a Solution which enable the user to step into computer-generated 3D world.Event Apps
- in B2B sector, events apps are an upcoming trend in 2021. The event apps make entire functioning of events smoother and much faster. The trend is already getting used in B2C sector to accelerate communication and engagement during corporate planning of events. Event apps can be tailored according to individual requirements to organize event experience for delegates.Facial Recognition
- This Solution is in its initial phase. Its primary requirement is to enhance registration process and speed up check-in for attendees. Through facial Solution, lesser waiting time will be achieved in registration process. Also, the Solution improves event security, which is a foremost consideration especially in case of larger events.Live Translation
- With live translation, any live event can be available for participants globally. In such cases, the event in a native language can also result into international interest. Live translation feeds can be accessed via earpieces, headphones, and online access.Live interpreters, event security, and projection mapping are another technology gaining momentum in virtual event will boost the scope of virtual event software, and thereby boosting the market growth.
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.
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 Middle East & Africa virtual event software market. The Middle East & Africa virtual event software market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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
Middle East and Africa Virtual Event Software Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 669.07 Million |
| Market Size by 2028 | US$ 1,534.97 Million |
| 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 |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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