The global event management software market is expected to grow rapidly at a rate of 14.3% per year throughout the forecast period. In 2023, the market is currently valued at US$ 8,736.6 million.
It is projected that the market value for event management software will reach a peak of US$ 33,347.9 million by the year 2033. Experts from Future Market Insights have analyzed historical data and found that the market has shown an average annual growth rate of 12.1% over time.
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COVID-19 Paved Way for Growth:
Due to the ongoing COVID-19 epidemic, health worries are growing throughout the world and have a huge influence on business, especially when it comes to hosting events. Most events have been canceled or moved since the epidemic’s start. The pandemic scenario has even forced the cancellation of important conventions including the Mobile World Congress and the HIMSS Global Healthcare Conference & Exhibition.
Key Takeaways of Event Management Software Market Report:
- The cloud-based deployment is to grow 4.0x of the current market value by the end of 2031
- Increasing penetration of IoT and real-time analytics will drive growth in the U.S., enabling it to account for a little below 65% of the North America market in 2021
- Double-digit y-o-y growth at over 10% will seal the U.K.’s position as a lucrative market within Europe
- An increasing number of events organized in Germany and France will drive European event management software market
- Within East Asia, Japan, and South Korea are expected to emerge as strong markets, exhibiting double-digit growth
Rising Demand for Mobile Event Management Applications:
Every day that goes by, more and more people are using apps, and many of them are now thought to be essential for most organizations. The event sector is benefiting from the event applications by making processes quicker, simpler, and more interactive. One of the biggest event trends has been the rise in popularity of interactive mobile event applications. As a result, customers are calling for more event applications with more features.
Competitive Landscape:
To diversify their product offering, businesses are forming partnerships with major technological organizations. They are concentrating on forming partnerships with companies that provide complementary goods, services, and technology in order to expand their market reach and technological prowess. Through the use of its best-in-class solutions and end-to-end capabilities, this strategy has helped the business quickly expand into a global provider with the goal of providing high-quality services.
Leading Key Players:
- Cvent Inc.
- InEvent, Inc.
- Ungerboeck
- Eventzilla
- Certain, Inc.
- Eventbrite
- Arlo
- XING Events
- Eventsforce
- Aventri Inc.
- Hubilo Technologies Inc.
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Event Management Software Market Segmentation:
By Deployment:
- Cloud
- On-premise
By Enterprise Size:
- Small & Medium Enterprises (SMEs)
- Large Enterprises
By End User:
- Event Management Companies
- Travel & Hospitality Companies
- Corporates
- Government
- Academic Institution
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa (MEA)
- Europe
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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