The dynamic market of Event Management Software is mainly driven by the increasing expenditure on event management, growing adoption of cloud platform, and rising online education programs among others.
The event registration software among all is growing with a highest revenue value of $ 2.43 billion in 2016 and it is estimated to reach $ 4.99 billion by the end of 2022, with growing CAGR of 12.73%.
The cloud based deployment of event management software is estimated to show highest revenue of $ 10.24 billion in 2022 from $ 4.48 billion in 2016, with growing CAGR of 14.75% during forecast period 2016 to 2022.
Globally, segment Corporate is estimated to show highest revenue of $ 6.68 billion by 2022, growing with a highest CAGR of 13.94% during forecast period 2016 to 2022.
Last year, in 2016, North America generated the largest revenue of $ 3.37 billion followed by Europe with $2.36 billion. This trend is projected to remain same by 2022, revenue in the North American region would increase to $6.95 billion by 2022.
The event management software has a wide range of applications which are broadly categorized as corporates, education, association, government and others. Corporates, among all application segments, is the highest beneficiary market, due to the high number of corporate events each year. Every company conducts seminars, conferences, or trade shows to increase its market presence and thus has requirement of such an event management software. After corporate, the education sector is the major source of revenue for event organizers as the growing number of online education programs is increasing the demand for platforms to conduct successful events or festivals.
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Some of the major players in Global Event Management Software Market include Cvent Inc. (U.S.), Etouches (U.S.), Eventbrite (U.S.), Lanyon Solutions Inc. (U.S.), Bizzabo (U.S.), Certain Inc. (U.S.), Regfox LLC (U.S.), Ungerboeck software International (U.S.), Pulse network (U.S), and Active network LLC (U.S) among others.
According to this report the Event Management Software Market is forecasted to demonstrate enormous growth by 2022, surpassing its previous growth records in terms of value with a whooping double digit CAGR during the anticipated period (2016 – 2022). In 2016, the global Event Management Software market valued $ 7.57 billion and will further accrue up to $ 14.45 Billion by 2022, with a CAGR of 11.39% during 2016-2022. Which means the market size is getting doubled just within 6 years.
November 2017 – Cvent, Inc., a leading cloud based enterprise event management company partnership with Opus Agency, a leading provider of global event experiences. This partnership is expected to benefits their mutual clients with innovation in software by Cvent with support of consultation services provided by Opus thereby support them to leverage their market position.
September 2017 – Eventbrite, a leading ticketing and event technology platform, acquired Ticketfly, a premium ticketing platform provider focused on music venues, promoters and festivals. With this acquisition, Eventbrite has expanded their customer base to live event technology organizing companies and music customers.
November 2017 – etouches, a leading provider of event management software solutions, announced their partnership with UNICEO (United Network of International Corporate Event Organizer), a non-profit international corporate association. With this partnership etouches has got an opportunity to increase its customer base to established leaders. On the other hand, UNICEO members can get benefit from event management software supporting event planning, venue sourcing, and post event analysis.
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Event Management Software Global Market- Segmentation
The Event Management Software Market can be classified into 4 key segments as follows:
Segmentation by Software Type: Analytics software, Venue management software, event planning software and event registration software.
Segmentation by Deployment : On-cloud and On-premise.
Segmentation by End-User: Corporate, Government, Education, Healthcare and others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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