DUBLIN–(BUSINESS WIRE)–The “Event Management Software Market Size, Share & Trend Analysis Report by Component (Software, Service), by Deployment Type, by Organization Size, by Application, by Region and Forecast segment, 2021-2028″ report has been added to from ResearchAndMarkets.com offer.
The global event management software market size is expected to reach USD 14.48 billion by 2028, registering a CAGR of 12.5% from 2021 to 2028
Rising popularity of cloud-based solutions and growing preference for virtual event hosting are some of the major factors that are expected to drive the market growth over the forecast period.
Given the growing reliance of organizations on dedicated IT infrastructure to improve business productivity, cloud-based managed services are emerging as a cost-effective alternative for organizations, which bodes well for market growth. The availability of various subscription pricing models is also expected to aid in the growth of the market.
The outbreak of the COVID-19 pandemic has particularly driven the adoption of event management software. Lockdowns imposed in different parts of the world as part of efforts to stop the spread of the coronavirus have affected several industries and verticals.
Several small, medium and large companies have adopted the work-from-home model to protect their employees following the outbreak of the pandemic. On the other hand, educational institutions and corporations particularly use virtual events, which generally drives the demand for event management software.
The major players in the market are Cvent Inc.; Aventri Inc.; Eventbrite; and Zoho Corporation. These market players are mainly focusing on strategic partnerships and collaborations to improve their business operations.
For example, in June 2018, Eventbrite, a US-based ticketing and event management company, and Elrow Family, a party series and event concept company based in Barcelona, Spain, entered into a multi-year ticketing partnership, which envisioned Eventbrite managing the ticketing requirements of over 100 festivals and shows under the Elrow brand. Festivals and shows under the Elrow brand attract more than 2.4 million spectators each year.
Highlights of the Event Management Software Market Report
The software segment is expected to dominate the market over the forecast period, owing to the continued adoption of event management software by various small and large enterprises across the globe. The segment is expected to reach USD 9.10 billion by 2028
The managed services segment is expected to grow at the highest CAGR of 14.3% during the forecast period
The deployment and integration segment accounted for a market share of over 45.0% in 2020 and is expected to reach USD 1.59 billion by 2028
The cloud segment is expected to dominate the market over the forecast period and reach USD 9.54 billion by 2028
The enterprise segment is expected to register the highest CAGR of 13.2% over the forecast period, in line with the growing preference of enterprises for technologically advanced solutions to host virtual events.
North America is expected to account for the largest market share during the forecast period. The regional market is expected to reach USD 6.21 billion by 2028, driven by the presence of several prominent players in the region and rapid adoption of technologically advanced solutions.
Some of the major players in the market include Cvent Inc.; Eventbrite; Zoho Corporation; and Aventri inc.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive Summary
Chapter 3. Event Management Software Market Variables, Trends and Scope
Chapter 4. Event Management Software Market: Component Outlook
Chapter 5. Event Management Software Market: Outlook Service
Chapter 6. Event Management Software Market: Professional Services Outlook
Chapter 7. Event Management Software Market: Outlook Deployment Type
Chapter 8. Event Management Software Market: Organization Size Outlook
Chapter 9. Event Management Software Market: Outlook Application
Chapter 10. Event Management Software Market: Regional Outlook
Chapter 11. Competitive Landscape
Active Network LLC
EMS Software LLC
TryBooking Pty Ltd.
Ungerboeck Software International Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/8le3ux