USD 5.90 billion
Report ID: SQSG45E2044 | Region: Global | Published Date: November, 2022 | Pages: 157 | Tables: 169 | Figures: 89
Event Management Software Market was valued at USD 5.90 billion in 2021 and it is expected to reach at USD 14.8 billion by 2028, with CAGR of 14.6% over the forecast period (2022-2028).
The term "event management software" refers to a broad category of software products used to manage professional and academic conferences, trade exhibitions, smaller events, and conventions such as continuing professional development (CPD) meetings. This software assists users in planning events, engaging attendees, measuring the impact of their events, and registering for upcoming events online. Data analysis tools, sales management, beverage management, staffing management, catering management, package management, online event registration, invoicing & payments, task management, and other features are included. The significant increase in the number of entertainments, gaming, and sports events organized in recent years, as well as the growing need for software solutions that can streamline event management, are some of the factors expected to drive market growth over the forecast period. Demand for event management software is expected to rise in the post-COVID-19 era as SMEs and large enterprises gradually migrate their IT infrastructure to cloud networks to improve business continuity and operations.
US Event Management Software Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.90 billion
Small & Medium Eneterprise
To get more reports on the above market click here to Buy The Report
Global event management software market is segmented based on component, service, professional service, deployment type, organization size, application. Based on component Event Management Software Market is segmented as software, service. Based on services Event Management Software Market is segmented as professional service, managed service. Based on professional service Event Management Software Market is segmented as consulting, deployment & integration, support & maintenance. Based on deployment type, Event Management Software Market is segmented as on premise, cloud. Based on organization size Event Management Software Market is segmented as small & medium enterprise, large enterprise. Based on application Event Management Software Market is segmented as event organizers & planners, corporate, government, education, others. Based on region Event Management Software Market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.
Event Management Software Market Analysis by Organization Size:
In 2020, the large enterprise segment held a 56.1 percent market share. Large corporations frequently have a large corporate network and multiple revenue streams. As a result, large enterprises are constantly on the lookout for new and innovative solutions that can be integrated into their corporate network. Event management software can typically assist large enterprises in connecting with investors and colleagues as well as virtually conducting their annual events, driving the popularity of event management software among large enterprises. Over the forecast period, the small and medium enterprise segment is expected to grow at a CAGR of 16.0 percent. The segment's expansion can be attributed to an increase in the number of small and medium-sized enterprises (SMEs) in countries such as the United States, India, and China. Because of their lower deployment costs, cloud-based event management software solutions are especially popular among SMEs. As part of their strong emphasis on digitization, SMEs are also opting for cloud-based event management software.
To get detailed analysis on other segments, Request For Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Event Management Software Market Drivers
Event Management Software Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
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.
Top Players in the Global Event Management Software Market
Event Management Software Market Recent Developments
Aventri merged with MeetingPlay, an innovative solution provider for in-person, virtual, and hybrid events, in January 2022. The new event software powerhouse would combine both companies' strengths to provide a full-service solution for meetings and events of all sizes.
Cvent merged with Dragoneer Growth Opportunities Corp. II., a special purpose acquisition company, in December 2021. The merger would provide Cvent with USD 801 million, allowing the company to accelerate product innovation, increase R&D, reduce debt, and expand its market share.
Ungerboeck acquired Priava, a cloud-based venue and event management system with a diverse global customer base, in November 2021. Ungerboeck was able to expand its international presence in Australia, New Zealand, and the United Kingdom as a result of the acquisition.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global event management software market analysis, event management software has become the industry standard for both large and small-scale event planners. In recent years, the demand for application-based has increased due to an increase in the number of professional and freelance organizers. Third-party planners benefit more from event management software solutions than in-house planners because third-party planners handle multiple events or shows throughout the year. The significant increase in the number of events in the sports, gaming, and entertainment sectors over the last decade, as well as the widespread adoption of software that can be used to streamline events from start to finish, based on both historical and real-time data, are factors influencing market growth.
|Market size value in 2021||USD 5.90 billion|
|Market size value in 2028||USD 14.8 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Event Management Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Event Management Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Event Management Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Event Management Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQSG45E2044