Virtual events: Forecast for 2021.-2024.

Dec 10, 2020 | Blog

Global meeting solutions’ end-user spending will yield an 11% (2019. through 2024.) compound annual growth rate (CAGR) as organizations increasingly adopt flexible work styles and cloud meeting services that enable this flexibility.

By 2024., remote work and changing workforce demographics will impact enterprise meetings so that only 25% will take place in person, down from 60% today.

74% of companies plan to permanently shift to more remote work as a result of their experiences during the forced isolation caused by COVID-19.

By 2023., 50% of all videoconference room systems will be based on Android or Windows-based appliances rather than traditional video codecs.

Source: Gartner

We expect that in the first half of 2021. market will use only meeting and webinar platforms for internal and external events and in the second part of 2021. hybrid events will grow rapidly and it will be a standard for most of the external and internal events. So, in the future we will see mostly virtual and hybrid events and the in-person events will decrease significantly. blog: