Event Management Software Market Expected To Exceed A Valuation Of US $ 25.41 Billion And A CAGR Of 14.1% From 2021-2031

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IMF (1)

The wide range of event management software applications, including online payments, online registrations, exhibition management, delegate management, venue selection, live surveys, customer response solutions public, as well as procurement and procurement are expected to generate growth opportunities in the industry. The event management software market is expected to exceed a valuation of $ 25.41 billion by the end of the forecast period in 2031. The increasing use of social media applications and developments in the field of real-time data analysis will support the long-term growth of the industry.

“The growing demand for automated solutions within event management companies to simplify event functionality on a single platform, while reducing operating costs, are major factors driving developments on the market. event management software market, especially in developed economies, ”says the IMF study.

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Expected impact on the market by coronavirus epidemic

The global covid-19 pandemic has significantly affected the event management software market. Strict lockdown regulations and social distancing guidelines have resulted in the cancellation or postponement of several high profile international and regional events, hurting demand in the near term.

On the other hand, developers of event management software have taken advantage of opportunities arising from virtual events and conferences. Such events will continue to gain traction even in the post-covid period, and are likely to positively influence industry developments over the next decade.

Regional positions of plc in event management software market and notable trends

Event Management Software Market – Key Takeaways

  • Service software products are likely to show increased adoption, due to their direct application to consumer experience issues.

  • Cloud-based deployment is expected to grow relatively faster thanks to cost advantages and easier data management.

  • Small and medium-sized businesses are likely to have higher adoption rates due to the interest in service automation.

  • The United States will keep the lead due to the increased awareness and penetration of event management software for education and private events.

  • India and China will remain high potential markets due to access to qualified professionals in the field.

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Competition landscape

Major manufacturers operating in the event management software market include, but are not limited to, Hubilo Technologies Inc., Cvent Inc., Aventri Inc., InEvent Inc., Eventsforce, Ungerboeck, XING Events, Eventzilla, Arlo, Certain Inc. and Eventbrite.

The leading developers in the moderately consolidated event management software market are researching strategic mergers and acquisitions and product development and launching initiatives to consolidate their position in the market.

In March 2021, Sumo Logic announced its acquisition of DF Labs with the goal of improving security orchestration, response and automation software for event management. In addition, Datto announced the acquisition of BitDam to enhance its cybersecurity capabilities for its product offerings. Additionally, in February 2021, Hubilo Technologies Inc. unveiled a US $ 23.5 million Series A funding funded by Lightspeed Venture Partners for product development goals.

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Event Management Market By Category

Solution

  • Software
    • Integrated event management software
    • Standalone software
      • Site management software
      • Event marketing software
      • Event booking and registration software
      • Others
  • Services
    • Managed Services
    • Professional services
      • Event planning and advice
      • Integration and implementation

Deployment

size of the company

  • Small and medium-sized enterprises (SMEs)
  • Large companies

Final user

  • Event management companies
  • Travel and hospitality companies
  • Companies
  • Government
  • Academic institution
  • Others

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