Adjusting to new norms a year after the start of the pandemic has brought some drastic changes when it comes to engaging with target consumers and canceling in-person conferences.
A massive amount of companies panicked in 2020 when they had to cancel their in-person conferences. However, now that time has passed, the panic has dwindled and virtual events were here to save the day.
Here at vConferenceOnline, we make decisions based on data and some say we are kind of data nerds. With that said, we have rounded up 10 juicy virtual event statistics and are offering key takeaways based on data. Hopefully this helps you to plan a successful virtual event. Let’s dive in!
In 2020, 73% of event planners successfully pivoted their in-person events to virtual events (Event Manager Blog)
Key takeaway: 73% is a large number and it’s a relief to see that they are reporting success when it comes to virtual events. Many people don’t realize that virtual events have the same functionality as in-person events do including monetization, networking lounges, multiple conference halls, vendor booths, and more.
For large virtual conferences, most event planners need more than 6 weeks to promote their event. (Markletic)
Key takeaway: You can’t have a successful event without attendees so promoting an event should encompass a lot of effort.
90% of virtual event organizers use surveys to measure attendee satisfaction. (Markletic)
Key takeaway: Be sure to pick a virtual event platform that has interactive functionality such as surveying your attendees.
84% of event organizers report that they spend less on virtual events than in-person events. (Wild Apricot)
Key takeaway: The silver lining of living and operating business during a pandemic is that companies are realizing that virtual events are a positive change. Spending less on these events means that many companies will still do virtual events even after the pandemic passes.
76% of event planners report that email is the single most effective way to promote a virtual event. (LAI Live)
Key takeaway: Promoting a virtual event is crucial and email is key. Of course you’ll send emails out to your network, but it’s also smart to get your speakers to email their lists about the event and a lot of event planners even buy email blasts to promote their events.
80% of virtual events are free to attend. (Bizaboo)
Key takeaway: To boost the number of attendees it is smart to make your event free. Many companies who host virtual events do it to generate leads and you’ll get more leads if your event is free. There are other ways to monetize your virtual events such as charging sponsors.
80% of marketers say that virtual events reach a wider audience than in-person events. (Bishop. McCann)
Key takeaway: Since virtual events have the ability to reach more people, event planners are happy with the shift from in-person.
85% of companies who have hosted virtual events believe they are here to stay. (Any Road)
Key takeaway: After experiencing virtual events compared to in-person events, the majority of marketers will continue to offer these events long after the pandemic is gone.
The virtual events industry is expected to grow to $400 billion by 2027. (Eventus)
Key takeaway: The virtual events industry is experiencing explosive growth and this growth will continue for a long time. There also is a great opportunity to monetize your virtual events with sponsors.
65% of event planners that pivoted to virtual events during the pandemic had no experience hosting virtual events. (Event Leadership Institute)
Key takeaway: Don’t be overwhelmed or intimidated when it comes to hosting a virtual event. Here at vConferenceOnline, we have success coaches who help you with every step of pulling off a successful event. There are also a ton of free resources at your fingertips to pull off a successful event. Just be diligent!
Have you come across any virtual events data to share with us? We’d love to hear about it in the comments below!