A survey by ON24 projects that there's an expected decline of nearly 40-60%  in the year 2009 in physical events According to a survey by ON24,a San Francisco based virtual events company,Physical events are loosing out against Virtual events.It compiled the results on the basis of  responses from its 270 customers (including PricewaterhouseCoopers and IBM). The survey also projects that there's an expected decline of nearly 40-60%  in the year 2009 in physical events.Reasons are quite obvious.When companies are drying up with funds and laying off employees in massive numbers,they will try their best to save out of every lavish spending they had been doing earlier. Big & glossy physical events such as Trade shows and conventions require some heavy investments and in such an economic downturn,enterprises are now relying more on the nearest alternative to physical events,Virtual events.