DUBLIN--(BUSINESS WIRE)--The "Global Event Management Software Market - Segmented By Software, Organization Size, Vertical and Geography - Growth, Trends, & Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global event management software market was valued at USD 6.89 billion in 2017 and is projected to reach a value of USD 12.51 billion by 2023, at a CAGR of 10.45% over the forecast period, 2018-2023.
Globalization has created many business opportunities for different markets, such as expansion of horizons, international & national level conferences and trade shows (among others) by establishing direct channel of communication. The sustained increase in the number of events has, in-turn, triggered the market, which has evolved into a multi-billion dollar industry. The EMS solutions are evolving rapidly, owing to mobile and digital revolution. An increasing number of vendors in the EMS market are offering their solutions as a service. Most organizations spend 2%-4% of their annual revenues on organizing events. This provides vendors an opportunity to understand the requirements of the organizations and offer customized solutions.
Big data analytics has gradually emerged to be the most prominent collective phenomenon in the early 21st century, and EMS solutions have high advantage of using this big data analytical tools in translating consumer data into actionable insights. Present businesses require systems that can use this data to analyze the usage patterns, demand peaks & consumption fluctuations, and arrive at smart decisions. All of this mandates need systems that can handle big data, effectively.
The increased number of events, meetings, and festivals require proper management of events, which will lead to the growth of the event planning software market. Large organizations, SMEs, non-profit organizations, and interest groups hold events to promote their products, build business relationships, raise funds, or celebrate. The imperative to save significant sunk costs, which contribute to a substantial amount of resources and money, are major factors emphasizing the need for effective event management systems.
An increase in the number of associations and corporate meetings held in developing nations was the major reason for Asia-Pacific's market growth. The market in the region will experience maximum growth during the forecast period because of the rise in the number of organizations trying to establish themselves in developing countries, such as China, India, and Indonesia.
- Cvent Inc.
- XING SE
- Active Network LLC
- etouches Inc.
- Ungerboeck Software International Inc
- Certain Inc.
- SignUpGenius Inc.
- RunSignUp Inc.
- Event Espresso
- EMS Software LLC
- TryBooking Pty Ltd.
Key Topics Covered
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Event Management Software Market Segmentation and Forecast
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future of the Event Management Software Market
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