Event Management Software Industry Segments, Regional Analysis and Competitive Analysis – Forecast to 2027 | Coronavirus Effects

 

Market Highlights

Event management software is a necessity for big event management firms and large corporations for managing events. Event planners can use the software for planning events, ushering in guests, develop a payment system, and create an environment for interactions with speakers and audiences. The global event management software market report by Market Research Future (MRFR) provides a comprehensive and clear outlook of the industry as well as its prospects for the forecast period (2019-2025). The COVID-19 pandemic and its effects on the industry are explored in the report.

The global event management software market size can reach USD 14.56 billion by 2025, according to Market Research Future (MRFR). It can expand at a CAGR of 11.68% CAGR over the forecast period.

The market is primarily driven by the demand that is being observed by large scale enterprises that are incorporating event management software in event execution. The simplification provided in terms of handling several tasks extending from complex process to the routine processes is expected to open up new opportunities for growth of the market in the coming years. Furthermore, the adoption of cloud and cloud-based event management software is anticipated to be favorable to the market in the impending years.

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Segmentation:

By software type, the market has been segmented into analytics software, event, registration, event marketing, on-site technology, venue sourcing, and others.

By deployment, the market has been segregated into on-premise and cloud. The on-premise segment is set to dominate the global event management software market owing to deliverance of solutions with a one-time license fee and service agreement.

By application, the market has been divided into corporate, education, association, government, and others. The education sector is set to cross a valuation of USD 3 billion by 2022. It can be highly lucrative for event managers owing to launch of premier educational institutes and new edtech platforms.

Detailed Regional Analysis     

The regional assessment of the event management software market globally spans across the regions of Asia Pacific, North America, the Middle East, Europe, and Africa. The North American region commands the largest market portion and is anticipated to sustain its domination through the forecast period and go across the 6 billion mark by the end of the forecast period in 2022. The incidence of key event management software firms along with the soaring adoption of cloud-based software is motivating the progress of the event management software market in the North American region. The European region is observed as the second principal market for event management software and is anticipated to display robust growth over the forecast period.

Competitive Analysis

A reinvigorated progress stride is detected in the market due to the beneficial effect applied both within and outside the market by noteworthy driving factors. The change in the product portfolio encourages the elasticity of demand in the market. The budget factors in the expenditures of the competitors in the market are becoming more varied. The working environment in the market is guiding towards productive growth in the market. Additionally, the rising business requirements in the market are generating a promising backdrop for change. The factors for transformation are inspiring the advance of the market. Also, the capabilities of the market are bolstered by the reconditioned characteristics of the assets present in the market. The dedication to handling the hindrances in the market by the players has noticeably improved of late. Besides, the step-up in the economic environment is projected to lift progress of the market.

The outstanding companies functioning in the event management software market globally are Cvent, Inc. (U.S.), Etouches (U.S.), Eventbrite (U.S.), Certain Inc. (U.S.), Centium Software (U.S.), Ungerboeck software International (U.S.), Active Network LLC(U.S.), Bizzabo (U.S.), The Pulse Network (U.S.), and Webconnex (U.S.).

Industry Updates:

Mar 2019 A supplier of cloud-based software, and payment solutions for associations, Community Brands, has purchased Core-apps and TripBuilder Media. In the collaboration, both the event management software companies are bringing leading mobile and onsite attendee engagement solutions that complement the Community Brands event technology portfolio. Community Brands software has previously supported more than 200,000 events. Core-apps and TripBuilder Media enhance further capabilities for attendee mobile experience, registration, digital attendee wayfinding, attendee tracking, and exhibitor management.

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Global Event Management Software Market: By Software Type (Analytics Software, Event, Registration, Event Marketing, On-site Technology, Venue Sourcing and others), By Deployment (On-Premise and Cloud), By Application (Corporate, Education, Association, Government and others) - Forecast till 2025

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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