Cvent Company Market Research Report

Company Overview

Name and Mission of the Company

Name: Cvent

Mission: Cvent is an industry-leading meetings, events, and hospitality technology provider, aimed at synchronizing the meetings and events ecosystem to streamline processes, increase collaboration, and deliver impactful experiences for event planners, marketers, hoteliers, and travel professionals.

Founding and Key Figures

Founded: 1999

Founder: Reggie Aggarwal, who then transitioned from a legal background to create an efficient solution to event management challenges.

Key People: No specific key people mentioned apart from the Founder and CEO, Reggie Aggarwal.

Headquarters and Employees

Headquarters: No information is available.

Number of Employees: Over 4,800 employees worldwide.

Financial Overview

Revenue: No information is available.

Recognition

Known for: Cvent is recognized as the largest event and hospitality technology company in the world. It is trusted by 50% of the Fortune 500 companies.

Products

Cvent offers an extensive platform designed to streamline the event planning, marketing, and management processes for event planners and marketers, hoteliers, and suppliers. Here is an overview of the main products:

1. Event Management Software

Description: Automate the event planning with services for in-person, virtual, and hybrid events.

Key Features:

Registration management

Custom branded website design

Integrations with various systems for data integration

2. Cvent Supplier Network

Description: Venue sourcing platform that connects users to a large database of global hotels and venues.

Key Features:

Create, manage, and centralize RFPs

Accessible network of 309,000 hotels

3. Mobile Event Apps

Description: Engage audiences through custom app experiences.

Key Features:

Build engaging mobile applications tailored to event needs.

4. Cvent Webinar

Description: Platform for hosting interactive and engaging webinars.

Key Features:

Flexible platform for planning and executing webinars.

5. Check-In and Badging

Description: Efficient and quick attendee check-in process with on-demand badge printing.

Key Features:

Streamlined check-in and badging process

6. Event Diagramming

Description: Collaboration tool for creating and managing event layouts.

Key Features:

Customizable layouts and real-time collaboration

7. Cvent Payments

Description: Manage event finances with automation.

Key Features:

Automated payouts and tax collection

High standards of data security

Recent Developments

New Partnerships and Acquisitions

Partnerships: Cvent partnered with international event marketing agency, VOK DAMS, to enhance B2B event success in the DACH region.

Acquisitions: Strategic acquisition of Splash to expand its Field Marketing Product Suite.

Event Launches

Cvent CONNECT 2025: Set to return in June 2025 in San Antonio, Texas – a major event for event professionals and marketers, focusing on industry innovations and technology.

Cvent CONNECT Europe Conference: Set to feature prominent keynote speakers and offer a platform for event industry networking.

Product and Feature Updates

AI-Driven Enhancements: Integration and exploration of AI tools to enhance hospitality, event planning, and execution strategies.

Event-in-a-Box Offering: Expanded to include flexible packages supporting up to 750 attendees.

Industry Influence and Thought Leadership

Engagement in Global Events: Participated in international forums highlighting AI's growing influence on event strategies.

Promotion of Technology Trends: Focused on embracing emerging technologies for events and hotel operations.

This comprehensive report synthesizes the available information to provide a detailed overview of Cvent's operations, product offerings, strategic developments, and industry innovatory role.