What is the global market size of Event Management Software Market?

Global Event Management Software Market size was valued at USD 7 billion in 2021 and is poised to grow from USD 7.9 billion in 2022 to USD 14.1 billion by 2030, growing at a CAGR of 14.1% in the forecast period (2023-2030).

Who are the key vendors in the Global Event Management Software Market?

The global event management software market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective. 'Cvent', 'Aventri', 'Eventbrite', 'Bizzabo', 'EventMobi', 'Eventzilla', 'Whova', 'RegFox', 'Swoogo', 'Hubb', 'Certain Inc.', 'Boomset', 'Attendify', 'etouches', 'DoubleDutch', 'Splash', 'Glisser', 'Gather', 'SpotMe', 'Socio'

What is the key driver of Global Event Management Software Market?

Increased adoption of advanced data analytics solutions is a major driving factor. Using data-driven and fact-based information, advanced analytics is a comprehensive set of analytical techniques and methods designed to assist event management companies in discovering trends and patterns, solving problems, accurately forecasting the future, and driving change. They assist businesses by providing sophisticated algorithms and analytical techniques that aid in effective decision-making. These tools assist event management firms with average skills in exploring data and reaping the benefits of augmented analytics with guidance and recommendations for better and clearer results.

What is the key market trend for Global Event Management Software Market?

High demand for centralized event promotion and financial transaction management and control cloud technology is being adopted by key market players because it allows end-users to store massive amounts of data and files in a remote location and access them from any internet-enabled location. Thus, cloud-based software solutions facilitate interaction between event planners and employees, suppliers, and clients. Cloud-based solutions assist event planners in the creation and management of location lists, the representation of pictorial images or charts for better management, and even the identification of potential custom events. A cloud-based event management software can manage event teams from any location at any time, as well as support and manage booking requests in a streamlined manner.

Which region accounted for the largest share in Global Event Management Software Market?

Based on region global event management software market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. With a market share of more than 45.0 percent in 2020, North America dominated the market. North America is home to several prominent market players, including Bizzabo, Aventra Inc., and Glue Up, as well as several small and medium-sized businesses, which bodes well for the region's growing adoption of event management software. The region is also known for hosting a variety of public events, such as film festivals, marathons, and other educational institution-hosted events, as well as a variety of private events. According to Billboard's findings from June 2018, approximately 800 music festivals are held in the United States alone, with over 32 million attendees. The region's adoption of event management software has been driven by the need for efficient management of all such events. From 2022 to 2028, the Asia Pacific regional market is expected to grow at the fastest CAGR of 15.4 percent. The regional market's expansion can be attributed to enterprises in Asia Pacific countries such as China and India's growing preference for technologically advanced solutions. Furthermore, the Asia Pacific region has a large number of skilled and tech-savvy professionals who can effectively use the most recent software solutions on the market.

Event Management Software Market Size, Share, Growth Analysis, By Component(Software, Services), By Service(Professional services, Managed service), By Professional service(Consulting, Deployment & Integration, Support & Maintenance), By Deployment type(On-premise, Cloud), By Organization size(Small & Medium Enterprise, Large Enterprises), By Application(Event organizers & planners, Corporate, Government, Education), By Region - Industry Forecast 2024-2031

Report ID: SQSG45E2044 | Region: Global | Published Date: September, 2024
Pages: 157 | Tables: 169 | Figures: 79

Event Management Software Market Insights

Event Management Software Market size was valued at USD 7 billion in 2022 and is poised to grow from USD 7.9 billion in 2023 to USD 14.1 billion by 2031, growing at a CAGR of 14.1% in the forecast period (2024-2031).

Event management software refers to any software that is used to manage or handle any kind of event. Planning events, engaging attendees, measuring the impact of their events, and registering for upcoming events online are some key tasks performed by the use of event management software. Rapidly expanding entertainment and event industry is at the center of the global event management software market growth. Increasing interest in virtual events around the world after the COVID-19 pandemic is expected to promote the demand for virtual event management software as well. Integration of analytics with event management software could also open up new avenues of opportunities for market players in the long run. However, high cost of deployment and complex integration are some key constraints that limit the adoption of event management software around the world.

US Event Management Software Market is poised to grow at a sustainable CAGR for the next forecast year.

Event Management Software Market Report Snapshots

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Event management software providers should focus on maximizing their business scope across all regions in the world. Entering emerging markets and launching new event management software with advanced features will also boost revenue generation in the future. Collaborations and mergers will also be preferred strategies for event management software providers looking to expand their business scope and market share in the long run. 'Cvent', 'Aventri', 'Eventbrite', 'Bizzabo', 'EventMobi', 'Eventzilla', 'Whova', 'RegFox', 'Swoogo', 'Hubb', 'Certain Inc.', 'Boomset', 'Attendify', 'etouches', 'DoubleDutch', 'Splash', 'Glisser', 'Gather', 'SpotMe', 'Socio'

Event management software solutions are becoming one stop solutions for all things event as demand for a centralized event management solution increases globally. Rising availability of event management software that can manage everything from event inception to conclusion will boost market growth in the future.

Personalization of Events: Event management software solution providers can focus on providing a personalized experience to all event attendees. Growing demand for personalized solutions to stand out from the competition and improve engagement, will push event management software companies to innovate in the field of personalization in the long run.

North America is estimated to account for a substantial share of the global event management software market. The presence of key event management software providers coupled with high number of events being organized in this region are helping its dominance. The United States and Canada are slated to be the leading markets for event management software companies in this region. High emphasis on enhancing user experience and promote consumer engagement across multiple industry verticals will also promote the demand for event management software in the future.

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Event Management Software Market Insights

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What is the global market size of Event Management Software Market?

Who are the key vendors in the Event Management Software Market?

What is the key driver of Event Management Software Market?

What is the key market trend for Event Management Software Market?

Which region accounted for the largest share in Event Management Software Market?

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