What Has Been the Progress and Growth of the Event App Market in Recent Years?
The event app market has seen considerable growth due to a variety of factors.
• In recent years, there's been substantial growth in the event app market. It's projected to expand from a valuation of $1624.13 billion in 2024 to a staggering $1864.03 billion in 2025, representing a compound annual growth rate (CAGR) of 14.8%.
This incredible growth in the past can be accredited to factors such as the escalating complexity of AI models, their application in crucial industries, heightened consumer awareness and expectations, the increasingly complex nature of decision-making processes, as well as the establishment of trust and subsequent endorsement by stakeholders.
What Can Be Expected from the Event App Market Size?
The event app market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, rapid expansion is predicted for the event app market. Its size is projected to increase to $3217.86 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 14.6%.
This surge in growth during the forecast period is believed to be due to improvements in model interpretability approaches, worldwide AI governance endeavors, the emergence of sector-specific regulations, escalating need for transparency in AI supply chains, and the growing role of AI in cybersecurity. The forecast period is also expected to witness certain key trends like enhancements in model explainability techniques, the rise of user-friendly explainable AI tools, adoption in the healthcare sector for clinical decision support, the use of explainable AI in autonomous systems, and its integration with edge AI.
What Are the Critical Driver Fuelling The Event App Market's Growth?
The proliferation of smartphones is forecasted to boost the expansion of the event app market in the future. Smartphones, which are mobile devices that integrate the capabilities of a classic mobile phone and a compact computer, are increasingly becoming popular. The growing demand for data centers, spurred by the need for cloud services, data storage, and computational power due to digital transformation and the proliferation of IoT, AI, and big data applications, is on the rise. Event apps are frequently accessed through smartphones as they offer attendees and organizers mobile access to details like schedules, speaker bios, maps, exhibitor lists, and other event specifics, thus enhancing the event experience. For example, as per Uswitch Ltd., a UK-based switching website, the UK saw a surge in mobile connections to 71.8 million at the start of 2022, an increase of 4.2 million from the nation's populace, indicating a 3.8% rise from 2021, approximately 2.6 million. Hence, the escalating use of smartphones is facilitating the event app market's growth.
How Is The Event App Market segmented?
The event app market covered in this report is segmented –
1) By Type: Enterprise Event Apps, Hybrid Apps, Corporates Meeting Apps, Conference Apps, Trade Show Apps, Festival Apps, Sports Events Apps
2) By Operating Systems: IOS, Android, Web-Based
3) By End User: Event Organizer And Planners, Corporates, Government, Education, Other End Users
Subsegments:
1) By Enterprise Event Apps: Internal Meeting Apps, Employee Engagement Apps
2) By Hybrid Apps: Multi-Platform Compatibility Apps, Offline Functionality Apps
3) By Corporate Meeting Apps: Video Conferencing Integration Apps, Agenda And Scheduling Apps
4) By Conference Apps: Attendee Networking Apps, Session Tracking And Feedback Apps
5) By Trade Show Apps: Exhibitor Management Apps, Lead Retrieval Apps
6) By Festival Apps: Schedule And Lineup Apps, Ticketing And Access Control Apps
7) By Sports Events Apps: Live Score Updates Apps, Fan Engagement Apps
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What Emerging Trends Are Influencing The Growth Of The Event App Market?
Leading firms in the event app market, such as Eventsforce Solutions Ltd., are working to consolidate their presence in the market by developing revolutionary products like event mobile applications. Also referred to as a conference app, an event mobile app is an application specifically developed to cater to events, conferences, or meetings. For instance, in November 2023, the UK-based Eventsforce Solutions Ltd., launched its own mobile application named Eventsforce. This unique app functions as a scalable solution for a variety of events - ranging from tradeshows and multi-stream conferences to basic events and aims to ensure the success of event planning. It is equipped with tools for managing all aspects of an event, engaging with sponsors, exhibitors, generating revenue, and facilitating lead generation and analytics reporting. Being integrated with the Eventsforce platform, the app provides a comprehensive event management solution. It boasts advanced QR code scanning capabilities, accessibility from mobile and desktop, and features that increase attendee engagement through gamification and engagement, thus providing a platform designed to inspire, engage, and connect event attendees.
Who Are the Key Players In The Event App Market?
Major companies operating in the event app market report are:
• Cvent
• Eventbrite
• MeetingPlay
• SpotMe
• Hubilo Technologies Inc.
• Aventri
• Splash
• Whova Inc.
• InEvent
• Bizzabo
• DoubleDutch
• Socio
• Zerista
• Eventleaf
• Core-apps
• EventMobi
• Eventdex
• Eventsforce Solutions Ltd.
• Brolly Event Solutions
• Guidebook
• Pathable
• Swapcard
• Eventzilla
• Boomset
• Eventfuel.io
• PheedLoop
What Is The Most Dominant Region In The Event App Market?
North America was the largest region in the event app market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the event app market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
