10.45% CAGR growth by 2023 in Event Management Software Market| Major Vendors - XING SE, SIGNUPGENIUS, INC., ACTIVE NETWORK, LLC, ETOUCHES, EVENTBRITE, UNGERBOECK SOFTWARE INTERNATIONAL, INC, EMS SOFTWARE, LLC, CERTAIN, INC., amongst others.

Market Analysis:

Asia-Pacific to Remain a Major Market
An increase in the number of associations and corporate meetings held in developing nations was the major reason for Asia-Pacific's market growth. The market in the region will experience maximum growth during the forecast period because of the rise in the number of organizations trying to establish themselves in developing countries, such as China, India, and Indonesia.

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The sustained increase in the number of events has, in-turn, triggered the market, which has evolved into a multi-billion dollar industry. The EMS solutions are evolving rapidly, owing to mobile and digital revolution. An increasing number of vendors in the EMS market are offering their solutions as a service. Most organizations spend 2%-4% of their annual revenues on organizing events. This provides vendors an opportunity to understand the requirements of the organizations and offer customized solutions. Present businesses require systems that can use the data to analyze the usage patterns, demand peaks & consumption fluctuations, and arrive at smart decisions. Event Planning Software will account for a significant share in the market because of increased number of events, meetings, and festivals.

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Market Segments:
Event Management Software Market is segmented by:
1. Software: Event Planning Software, Event Marketing Software, Venue & Ticket Management Software, Analytics & Reporting Software, Others
2. Organization Size: Small & Medium Enterprises, Large-scale Enterprises
3. Vertical: Corporate, Government, Education, Media & Entertainment, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market

• January 2018: Evenbrite partnered with BRIC Celebrate Brooklyn! Festival being held at Prospect Park Bandshell had signed an exclusive multi-year ticketing deal.
• November 2017: Cvent have partnered with Opus Agency to develop the industry’s most comprehensive event technology paired with design and implementation services and exceptional strategy to the customers.

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