Event Management Software Market: Analysis of Potential Business Opportunity Worth $9.18 Billion by 2030
The growing number of SMEs in the Asia-Pacific region is propelling the growth of event management software.
NEWARK, UNITED STATES, April 18, 2022 /EINPresswire.com/ — The Brainy Insights has launched a study titled Event Management Software Market by Type (Software, Services), Deployment (Cloud, On-Premise), Size Organization, End-Use Sector, Regions, Global Industry Analysis, Share, Growth, Trends and Forecast 2021 to 2030
The global Event Management Software Market is expected to grow from USD 5.1 Billion in 2020 to USD 9.18 Billion by 2030, at a CAGR of 6.24% during the forecast period 2021-2030. Growing demand for gaining actionable business insights from events is one of the major factors driving the growth of the market.
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The software segment dominated the global event management market and held the largest market share of 64.87% during the forecast period.
The Type segment is divided into software and services. The services segment is further classified into professional services and managed services. The software segment dominated the global event management market and held the largest market share of 64.87% during the forecast period. Rising adoption of software solutions across various end-use industries is driving the growth of the software segment. The software helps companies organize events successfully.
The on-premises segment accounted for the largest market share of 74.65% in 2020
The deployment type segment includes on-premises and in the cloud. The on-premises segment accounted for the largest market share of 74.65% in 2020. One of the main advantages of an on-premises server is that it can be used at any time as it does not require an internet connection. Additionally, on-premises servers are secure, reliable, and give businesses more control over the server.
The SME segment is expected to grow at the highest CAGR of 8.05% during the forecast period
The organization size segment is divided into SMEs and large enterprises. The SME segment is expected to grow at the highest CAGR of 8.05% during the forecast period. The growing focus of small and medium-sized businesses on increasing overall productivity is driving the adoption of event management software by SMBs.
The event planner segment held a major market share of 35.89% in 2020
The end-use industry segment is divided into government, enterprise, education, media and entertainment, event planners and others. The event planner segment held a major market share of 35.89% in 2020. Event management software simplifies and automates the entire event planning process for organizers and event planners . The growing preference of event planners for event management software is driving the growth of the market.
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Regional Segmentation Analysis:
Regions analyzed for the market include North America, Europe, South America, Asia-Pacific, Middle East & Africa. North America region accounted for the largest market share in the global event management software market with revenue of 43.69% in 2020. North America held the dominant position in the global market event management software. This is mainly due to the presence of many key event management software players in countries such as the United States and Canada. Apart from this, the Asia-Pacific region is expected to grow at the highest CAGR of 11.5% during the forecast period. The growing number of small and medium-sized enterprises in the Asia-Pacific region is one of the major factors driving the growth of the market over the forecast period.
Key players in the global event management software market include Aventri, RainFocus, Eventbrite, Bizzabo, Certain, Ungerboeck Software, Attendify, Cvent, XING Events, and ACTIVE Networks, among others.
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