The global event management software market size is expected to be worth around US$ 20.8 billion by 2030, according to a new report by Vision Research Reports.
The global event management software market size was valued at US$ 6.84 billion in 2020 and is anticipated to grow at a CAGR of 13.5% during forecast period 2021 to 2030.
|Market Size||US$ 20.8 Bn by 2030|
|Growth Rate||CAGR of 13.5% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Component, service, professional service, deployment type, organization size, application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Cvent Inc.; Eventbrite; Zoho Corporation; Aventri Inc.|
The growing popularity of cloud-based solutions and the increasing preference for hosting virtual events are some of the major factors that are anticipated to drive the growth of the market over the forecast period. Given the growing reliance of organizations on a dedicated IT infrastructure to improve business productivity, cloud-based managed services are emerging as a cost-effective alternative for organizations, which bodes well for the growth of the market. The availability of various subscription-based pricing models is also expected to contribute to the growth of the market.
By Component Analysis
Based on component, the event management software market has been further segmented into software and service. The software segment dominated the market in 2020 and accounted for a market share of more than 65%.
The service segment is anticipated to grow at the highest CAGR of 14.4% over the forecast period. The growth of the segment can be attributed to the professional and managed services being offered by various vendors of event management software.
By Deployment Type Analysis
Based on deployment type, the market has been further segmented into cloud and on-premise. The cloud segment dominated the market in 2020 and accounted for a revenue share of more than 58.0%.
The on-premise segment is anticipated to expand at a CAGR of 10.6% from 2021 to 2030. The growth of the segment can be attributed to the security benefits, such as data transparency and security, associated with on-premise deployments.
By Organization Size Analysis
The large enterprise segment accounted for a market share of 57.1% in 2020. Large enterprises often have a large corporate network and varied revenue streams. Hence, large enterprises are always looking forward to adopting new and innovative solutions that can be integrated into their corporate network.
The small and medium enterprise segment is anticipated to register a CAGR of 17.0% over the forecast period. The growth of the segment can be attributed to the increasing number of small & medium enterprises (SMEs).
By Application Analysis
Based on application, the market has been further segmented into event organizers and planners, government, corporate, education, and others.The event organizers and planners segment accounted for a market share of more than 35.0% in 2020. Event planners have to execute more events as compared to in-house planners.
The corporate segment is anticipated to expand at a CAGR of 14.2% from 2021 to 2030. The preference for hosting virtual events is growing among corporates. Hence, corporates are particularly scouting for customized solutions and services to host annual events, such as the Annual General Meeting (AGM), virtually.
By Regional Analysis
North America dominated the market in 2020 with a market share of over 46.0%. North America is home to several prominent market players, such as Bizzabo; Aventri Inc.; and Glue Up, as well as several small and medium enterprises, which bodes well for the growing adoption of event management software in the regional market.
The Asia Pacific regional market is anticipated to expand at the highest CAGR of 16.4% from 2021 to 2030. The growth of the regional market can be attributed to the growing preference for technologically advanced solutions among enterprises in Asia Pacific countries, such as China and India.
By Professional Service
Deployment & Integration
Support & Maintenance
By Deployment Type
By Organization Size
Small & Medium Enterprise
Event Organizers & Planners
Middle East & Africa
The Event Management Software market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Event Management Software market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Event Management Software market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Event Management Software market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Event Management Software market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Event Management Software capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Event Management Software by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Event Management Software market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Event Management Software market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Event Management Software market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Event Management Software industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Event Management Software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Event Management Software market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Event Management Software market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Event Management Software market. These factors have benefited the growth of the global market for Event Management Software. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Event Management Software. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Event Management Software are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are: