UK and Ireland Virtual Event Market CAGR to be at 13.3% | $36.1 Billion Industry Revenue
The UK and Ireland virtual event market size was valued at $3.1 billion in 2019, and is expected to grow at a CAGR of 13.3% to reach $36.1 billion by 2027.
Based on age group, the 21 to 40 years age group segment held the highest share in the UK and Ireland virtual event market in 2019.
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WILMINGTON, DE, UNITED STATES, October 16, 2024 /EINPresswire.com/ -- The UK and Ireland virtual event market size was valued at $3.1 billion in 2019, and is expected to grow at a CAGR of 13.3% to reach $36.1 billion by 2027. Virtual events are digitally simulated proceedings such as meetings and conferences using web-based platforms that allow people to share information & discuss and solve problems virtually. Virtual webinar and conferences are held for the same reasons as that of the live events, for instance, to deliver a companyโs message to drive leads & revenue and build loyalty lifetime value. — Allied Market Research
According to the UK and Ireland virtual event market analysis, the market is segmented into event type, revenue source, and age group. On the basis of event type, the virtual entertainment events segment is likely to hold the major UK and Ireland virtual event market share and remain dominant throughout the forecast period. This is attributed to the fact that virtual entertainment events are responsible for providing the general public with a variety of entertainment possibilities, including musical entertainment, live entertainment, mass media entertainment, and electronic entertainment. Thus, increase in popularity of these entertainment events is one of the key factors driving the entertainment segment growth in the UK and Ireland.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ก๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: www.alliedmarketresearch.com/requestโฆmple/11518
Depending on revenue source, the sponsorship segment is gaining a major traction in the UK and Ireland virtual event market, as sponsorship serves as a powerful and effective marketing tool to increase and reinforce brand awareness among targeted niche markets. Moreover, it is the key for strong marketing, owing to the fact that most of the events use sponsorship support to offer more exciting programs and to help defray rising costs.
According to age group, the 21 to 40 years of age group is the major target audience of the virtual event market and is likely to remain dominance throughout the UK and Ireland virtual event market forecast period. This is attributed to the fact that this age group is majorly active in events such as exhibitions, conferences, seminars, and music concerts, thereby augmenting the UK and Ireland virtual event market growth.
๐๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฌ๐ญ๐ฎ๐๐ฒ
The UK and Ireland conference virtual event market size was valued at $783.4 million in 2019 and is estimated to reach $8,624.7 million by 2027, growing at a CAGR of 12.7% throughout the forecast period.
Based on revenue source, the ticket sale segment is expected to witness rapid growth, registering a CAGR of 14.5% during the forecast period.
Based on age group, the 21 to 40 years age group segment held the highest share in the UK and Ireland virtual event market in 2019.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐ ๐จ๐ซ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ
The report provides a quantitative analysis of the current UK and Ireland virtual event market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.
Porterโs five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierโbuyer network.
In-depth analysis and the market size and segmentation assists to determine the prevailing UK and Ireland virtual event market opportunities.
Drivers and restraints are analyzed depending on event type in the UK and Ireland virtual event market.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : www.alliedmarketresearch.com/purchasโฆuiry/11518
๐๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ ๐๐ง๐ ๐๐ซ๐๐ฅ๐๐ง๐ ๐ฏ๐ข๐ซ๐ญ๐ฎ๐๐ฅ ๐๐ฏ๐๐ง๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ
First Event
George P Johnson Event Marketing Private Limited
Grooveyard Event Limited
Hopin
Julia Charles Event Management Ltd.
MGN Events Ltd.
Saville Group Ltd.
Seven Events Ltd.
The Events Company
Verve Live Agency
๐๐๐๐ฌ๐จ๐ง๐ฌ ๐๐จ ๐๐ฎ๐ฒ ๐๐ ๐๐ง๐ ๐๐ซ๐๐ฅ๐๐ง๐ ๐๐ข๐ซ๐ญ๐ฎ๐๐ฅ ๐๐ฏ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ:
> Mergers and acquisitions should be well-planned by identifying the best manufacturer.
> Sort new clients or possible partners into the demographic youโre looking for.
> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐ง๐ ๐๐๐๐๐ง๐ฌ๐ ๐๐จ๐ฆ๐๐ข๐ง
๐๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐๐ฏ๐๐ง๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/tourism-event-market-A74644
๐๐ข๐ซ๐ญ๐ฎ๐๐ฅ ๐๐ฏ๐๐ง๐ญ๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/virtual-events-industry-market-A06596
David Correa
Allied Market Research
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