Event Management Software Market to rise steadily at a CAGR of 14.1%
Published On :
A recent market study published by Future Market Insights on the event management software market includes a global End-user analysis for 2016-2020 and opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
Future Market Insights (FMI) has stated that the global event management software market is expected to rise steadily at a CAGR of 14.1% during the forecast period of 2021 to 2031. Event data is indispensable for event organizers since it helps them monitor social media engagement, attendance, and measure the overall success of any event.
Request a report sample to gain comprehensive market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-1849
COVID-19 Paved Way for Growth
The health concerns are increasing around the world and causing significant business impact due to the on-going COVID-19 pandemic – particularly when it comes to delivering events. Since the onset of the epidemic, most events were either cancelled off or postponed. Major conferences such as Mobile World Congress and the HIMSS Global Healthcare Conference & Exhibition are even getting canceled due to the pandemic situations.
“Rising demand for automated solutions amidst event management companies for the simplification of event functionalities on single platform, while reducing operational costs are major factors that are driving developments in the event management software market, especially across developed economies,” says the FMI study.
Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-1849
Key Takeaways of Event Management Software Market Study
- The cloud based deployment to grow 4.0x of the current market value by the end of 2031
- Increasing penetration of IoT and real-time analytics will drive growth in U.S., enabling it to account for a little below 65% of North America market in 2021
- Double-digit y-o-y growth at over 10% will seal U.K.’s position as a lucrative market within Europe
- Increasing number of events organized in Germany and France, will drive Europe event management software market
- Within East Asia, Japan and South Korea are expected to emerge as strong markets, exhibiting double-digit growth
Rising Demand for Mobile Event Management Applications
The usage of applications is increasing at a tremendous rate with each day passing, and various apps are being considered crucial for most businesses. The event apps are making things quicker, easier and more interactive to the event industry. The increase in the engagement of interactive mobile event applications has been emerging as one of the biggest event trends. Thus users are demanding more event applications offering better quality and services.
Buy Now Report Here@ https://www.futuremarketinsights.com/checkout/1849
Key questions answered in the report
- How will event management software market expand until 2031?
FMI projects the global event management software market to register a CAGR of 14.1% between 2021 and 2031. - What are the major challenges to event management software market growth?
Integrating event management software with customer relationship management tools or other business functionalities is a complicated process and requires high technical expertise, which is a significant factor, restraining growth of the market. - Who are the leading players in event management software market?
Prominent players operating in the global event management software landscape include InEvent, Inc., Ungerboeck, Eventzilla, Certain, Inc., Hubilo Technologies Inc. and Eventbrite among others. - What are the major trends, impacting the event management software market growth?
Education institutions are increasingly adopting cloud-based event management solutions for organising alumni events, educational conferences and recruitment fairs. Thus cloud-based solutions adoption is gaining traction in the education sector. - Which is the leading event management software market?
North America currently dominates the global event management software market. Within North America, the U.S. is expected to remain the leading market over the coming decade.
Related Reports:
Hosting Infrastructure Services Market – The global hosting infrastructure services market is expected to hold a valuation of US$ 15.4 Bn in 2022, and rise at a high CAGR of 8.1% to top a net worth of US$ 26.6 Bn by the end of 2029.
Marine Electronics Market – The global marine electronics market is estimated at US$ 5.2 Bn in 2022, and is projected to close in on a valuation of US$ 7.5 Bn by 2029, expanding at a CAGR of 5.3% over the said period.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.
