Market Research Future has published a Cooked Research Report on the Global Event Management Software Market.
Overview
The event management software market is anticipated to witness healthy growth from 2022 to 2030, a research report suggests. Growing at a CAGR of 14.12%, the market is projected to reach US$ 18.9 billion by 2030. Increasing number of event management applications is expected to support the market growth along with high involvement of social media. As predicted by analysts, lack of awareness in emerging economies will negatively affect the market’s performance from 2020 to 2030. During the forecast period, the market will be supported by developments in the mobile application industry and the increasing number of smartphone users.
Lack of technical expertise on the other hand will challenge project management sector based organizations functioning in the global event management software market. Analysts have split the market into software, technology, and deployment segments based on products and services. Project management based companies have been profiled. Addressing the growing number of cyber-attacks is set to affect the global market during the forecast period 2020 to 2030. The report also provides the market’s performance forecasts till 2030. Strategies of project management based companies are studied. The project management sector itself is supported by presence of major event management companies as well as successful implementation. During the forecast period 2020 to 2030, the event management software market is set to witness a health growth across software, technology, and deployment segments as well as regional markets.
Market Segmentation
The project management sector has seen growth across software, technology, and deployment segments owing to consumers aiming for more convenience and the presence of untapped market opportunities. To study the market, analysts have further segmented software, technology, and deployment into analytics software, event, event marketing, on-site technology, registration, venue sourcing, and others on the basis of software. The market is further segmented into technology sub segment which is split into corporate, association, education, government, and others. Additionally, the event management software market on the basis of deployment is segmented into on-premise and cloud.
The segmental analysis presented in the report provides project management field based organizations insights into key growth factors such as the increasing demand from various industry verticals as well as challenges such as privacy and security of the data the market will face from 2020 to 2027. Growing internet services on mobile platform and the increasing spending power of consumers are some of the key factors having an influence on project management industry based companies, suggest analysts as per the event management software market report. But the report also identifies the lack of awareness and the lack of effective communication as major threats companies in project management will face till 2027.
Regional Overview
Project management market based companies in the event management software market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The increasing preference of consumers will be a key growth driver for regional markets. However, the increasing demand for highly skilled professionals will turn out to be a threat. For the forecast period 2020 to 2027. Each of these regional markets are studied in the report. Starting from North America, the regional market and project management vertical based companies are spread across the United States, Mexico, and Canada.
The shifting preference for cheaper alternatives will turn out to be a major challenge from 2020 to 2030. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the growth of communication channels as well as the surging usage across different industries, suggests the report. Similarly, the project management sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the event management software market covers the Middle East and Africa. The global event management software market forecasts based on the findings are presented for the forecast period till 2030.
Competitive Landscape
The global event management software market research report brings a comprehensive study of software, technology, and deployment market segments, regional analysis, and project management vertical based company details of key players. As the forecast period 2020 to 2030 will bring new opportunities for the market owing to advancements in technology and technological developments, the market is set to grow at a compound annual growth rate of 10.8 % and is predicted to reach a value of US$11.31 billion by 2030. With SWOT analysis of project management sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the low demand from developing countries and low research and development budgets, companies in the project management sector can change the way business is done.
Industry News
Ticketsauce, a robust and house brand event planning tech provider, has merged with NIGHTOUT, a leading concert booking site. Ticketsauce's diverse product functionality, robust platform, and private label expertise are paired with NIGHTOUT's expansive customer marketplace and strong marketing tools in the new company. The new group will have over 700 customers globally and will continue to run as Ticketsauce for event creators and NIGHTOUT, operated by Ticketsauce, for event exploration.