How Many Virtual Events In 2020?

What has been the growth of the virtual event sector in recent months?

  • “In the last several months, we have witnessed a 1,000% increase in the amount of business we do through virtual events. We have been working overtime and hiring on a continuous basis to meet up with the demand,” said Ruben Castano, CEO of 6Connex, in a prepared statement.

How many virtual events happened in 2020?

According to the International Congress of Congresses, 13,252 annual association meetings were held in 2019. In 2020, that number will reduce to 3,484, with just 841 of them taking place in person; 2,500 of them will be virtual, and 143 will be hybrid (having both in-person and virtual attendees).

How much have virtual events increased?

Events are becoming more accessible online. According to a poll of marketers throughout the world, 40 percent of their events are expected to be virtual by 2022, representing a five percent rise over the previous year. Hybrid event experiences — which combine in-person and virtual elements – are also growing increasingly popular.

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How popular are virtual events?

Prior to the pandemic, virtual events were becoming increasingly popular, with the industry being valued at almost $78 billion in 2019. In the five-year period from 2020 to 2027, the economy is predicted to grow at a compound annual rate of 23.2 percent, indicating that this is not a passing trend.

How big is the virtual events market?

[187-page report on a topic] After reaching USD 10.4 Billion in 2021, the worldwide virtual event platform market is predicted to increase at a Compound Annual Growth Rate (CAGR) of 12.7 percent during the forecast period, reaching USD 18.9 Billion in 2026.

What is average attendance at virtual event?

According to a research conducted in 2021 that focused on international association meetings held all over the globe, the average attendance for virtual meetings was 1,356 people, while the average attendance for conventional meetings was 908 attendees.

How many events are there per year?

The overall number of meetings and events that take place in the United States each year is 1.8 million.

How big is the event industry?

A total of 2.95 billion U.S. dollars will be generated by the party and event planning industry in the United States in 2020, compared to 4.04 billion U.S. dollars the previous year, according to the Bureau of Labor Statistics. The market for this industry is expected to reach $3.03 billion in 2021, according to projections.

How much is the global events industry worth?

What is the monetary value of the UK events industry? According to the latest research, the events industry is worth £42.3 billion to the UK economy in terms of direct spending by event delegates, attendees, and organizers, an increase of 8% over the previous year.

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When did virtual events start?

The first virtual event took place in April 1993 at a presentation to investors at the Waldorf Astoria hotel in New York, United States, and was broadcast live on the internet. A virtual tradeshow was held for the first time, and it was hosted by Alan Saperstein and Randy Selman from Visual Data Corporation. Onstream Media is the name that has been given to this organization today.

What percentage of virtual event costs come from technology?

The budget for your virtual event will be different than the budget for your in-person event. Whereas in-person events are used to seeing 25 percent of the cash allocated to technology and 75 percent of the budget allocated to venue and décor, food and beverage (F&B), personnel and travel, among other things, virtual events see the opposite.

How much is the events industry worth in the UK 2019?

According to the Business Visits Events Partnership’s recent research, Events are GREAT Britain, the UK events industry is now valued £39.1 billion, an increase over the previous year (BVEP).

How much is the event planning industry worth?

In terms of income, the Party Event Planners business is expected to generate $3.2 billion in sales by 2022. Is there a projected growth rate for the Party Event Planners industry in the United States in 2022?

How big is the Webinar market?

The size and forecast of the market The worldwide webinar and webcast market is expected to grow at a compound annual growth rate (CAGR) of 7.6 percent over the forecast period, which is 2016-2023. The market was valued at USD 547 million in 2015, and it is expected to grow to USD 800 million by 2023, according to estimates.

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How do you grow virtual events?

Detailed analysis and forecasting of the market Over the forecast period, from 2016 to 2023, the worldwide webinar and webcast market is expected to grow at a compound annual growth rate (CAGR) of 7.6 percent. By 2023, the market is expected to be worth USD 800 million, up from a 2015 value of USD 547 million.

  1. Provide a variety of session types. It’s important to provide your audience with a range of session kinds in order to keep them interested.
  2. Prioritize Audience Engagement.
  3. Pay Attention to Visuals. Recreate the Excitement of Attendees in Person.
  4. Personalize the Attendee Experience.

Who are the end users and what are the major applications of virtual events market?

The hospitality, education, healthcare, banking, finance, and marketing industries are among the most frequent consumers of virtual event platforms. In order to cope with the new normal, these end-users are utilizing virtual platforms to conduct online events, virtual conferences, meetings, lectures, and trade fairs, among other things.

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