Global Event Management Software Market, by Software Type (Analytics Software, Event registration, Venue Sourcing), by Deployment (Cloud, On-Premise), by Application (Corporate, Government, Association, Education) - Forecast 2022
Pune, India -- (SBWIRE) -- 11/02/2017 -- Market Research Future published a Cooked research report on "Global Event Management Software Market Research Report - Forecast to 2022"- Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
The Global Event Management Software Market is booming with an upsurge and is estimated to gain further prominence during 2016 – 2022, Asserts Market Research Future in its recently published market analysis study report titled 'Global Event Management Software Market'. MRFR Scholars also mentioned that the heightened growth of the market is attributed mainly due to the increased investments transpired and the adoption of cloud platforms by the key players operating in the market.
According to this report the 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.
The Key players predominantly leading the 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).
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Staying abreast of the market competition these key players strive to deliver Comprehensive Event Management Platforms with adept technology and unrivalled features that can enable their clients to organize and execute world-class events. Emphasising upon strategic technology acquisitions and organic product development they build out Event Management Solution, with a mission of making events and meetings better for all parties—participants, planners, and sponsors.
These well-established players having international and global presence adorn the market as highly competitive. To gain competitive advantage further these players emphasis upon some key strategies such as Innovation/ Technology launch, mergers & acquisitions, and brand reinforcement. For instance
This October (2017) one of these Key Players 'Etouches" a global provider of cloud event management software unveiled a Comprehensive Event Management Platform Integrated to Its Venue Sourcing Solution. With this award-winning venue sourcing solution, now, Event Managers will be equipped to manage entire event lifecycle easily.
The global event management software market is estimated to grow from $ 7.57 billion in 2016 to $ 14.45 billion by 2022, with growing CAGR of 11.39% from forecast period 2016-2022.
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 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.
Geographically, in 2016 North America is estimated to generate 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.
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Event Management Software Market – Segments
For the Better understanding of this report the Global Event Management Software Market has been segmented in to 4 key dynamics.
Segmentation By Type : Comprises Analytics Software, Venue Sourcing, Event Registration, On-Site Technology and Event Marketing among others.
Segmentation By Deployment : Comprises On-premise, and Cloud Deployment.
Segmentation By Application : Comprises Corporate, Government, Education, and Association among others.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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North America is dominating the Global Event Management Software Market with the largest market share in the region, and therefore accounting for over $6.95 billion by 2022. Event Management Software Market in Asia-Pacific market is expected to grow at CAGR of 9.31% from $ 1.32 Billion in 2016 to $2.48 Billion by 2022. The Europe market for Event Management Software Market is expected to grow at 11.23% CAGR (2016-2022).
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