Event Management Software

Event Management Software

Global Event Management Software Market to Reach US$11.9 Billion by 2030

The global market for Event Management Software estimated at US$6.5 Billion in the year 2023, is expected to reach US$11.9 Billion by 2030, growing at a CAGR of 9.0% over the analysis period 2023-2030. Event Management Software, one of the segments analyzed in the report, is expected to record a 7.9% CAGR and reach US$6.7 Billion by the end of the analysis period. Growth in the Event Management Services segment is estimated at 10.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.3 Billion While China is Forecast to Grow at 10.0% CAGR

The Event Management Software market in the U.S. is estimated at US$2.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 10.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.1% and 7.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.0% CAGR.

Global Event Management Software Market - Key Trends & Drivers Summarized

Event Management Software (EMS) serves as a vital tool for venues, event planners, and organizers, enabling the streamlined planning, organization, and execution of events. This software encompasses a range of applications and platforms designed to facilitate various event-related tasks, from the simplest to the most complex, with the ultimate goal of enhancing efficiency and improving the event experience for all stakeholders involved. EMS is pivotal in modern event management, offering solutions that span across the entire event lifecycle. Its utility lies in its ability to consolidate diverse event management aspects such as scheduling, customer interactions, invoicing, and more into a single, cohesive platform. This integration not only saves time but also significantly reduces the potential for errors and oversights, thus ensuring a smoother operational flow.

Technological advancements have significantly transformed event management software, making it more intuitive, scalable, and feature-rich. In the wake of digital transformation, the landscape of event production has undergone a significant shift. Attendees now have heightened expectations for quality and value, making the investment in suitable event technology a pivotal aspect for organizers. This technology is in a constant state of evolution, incorporating advancements like Artificial Intelligence (AI), Virtual Reality (VR), and contactless interactions to reimagine the event experience. Technologies such as interactive platforms, wearable devices, and real-time engagement tools like live polls have revolutionized participant interaction. One notable development is the advent of virtual events, which have emerged as both cost-effective and engaging alternatives to traditional formats. These events leverage high-quality visualizations, holograms, and other immersive technologies, attracting a wider audience. Artificial intelligence (AI) and machine learning (ML) have introduced capabilities like predictive analytics for attendee behavior, automated recommendations for event improvements, and chatbots for instant customer support.

The growth in the event management software market is driven by several factors. The increasing need for efficient and cost-effective event management solutions is a primary driver, as organizations seek to optimize their event planning and execution processes. The rise in number of events worldwide, and the shift towards virtual and hybrid events has significantly boosted demand for platforms that can seamlessly support these formats. Technological advancements, particularly in AI, ML, and data analytics, are enhancing the functionality and appeal of these platforms, attracting a broader user base. Additionally, the growing emphasis on data-driven decision-making is driving the adoption of software that offers comprehensive analytics and reporting capabilities. The rise of social media and mobile technologies is also propelling market growth, as these platforms provide integrated tools for marketing, engagement, and real-time communication. These factors, combined with the continuous evolution of technology and changing consumer expectations, are ensuring robust expansion in the event management software market, highlighting its critical role in modern event planning and execution.

Select Competitors (Total 159 Featured) -

• AllEvents Informations Pvt. Ltd.
• Bitrix24, Inc.
• Brushfire
• Cisco Systems, Inc.
• Cvent, Inc.
• Event Booking Engines
• Event Espresso LLC
• Eventcreate, LLC
• EventMobi
• Eventsforce, Inc.
• GoTo Technologies USA, Inc.
• Grenadine Technologies, Inc.
• Hopin Ltd.
• Jolly Technologies, Inc.
• LinkedIn Corporation
• Microsoft Corporation
• Momentus Technologies
• monday.com Ltd.
• ON24, Inc.
• Splash
• Stova Group, LLC
• Swapcard
• SWAPCARD CORPORATION SAS
• Ticketbud
• Tripleseat
• vFairs
• Webconnex LLC
• Whova
• Wrike, Inc.
• Zoho Corporation Pvt. Ltd.

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