Event Management Software Market: Growth Opportunity | Aventri, Eventbrite, XING Events, Ungerboeck Software

According to the report, the global event management software market size was valued at $3.47 billion in 2020 and is expected to reach $7.61 billion by 2028 growing at the CAGR of 9.72% from 2021 to 2028. This growth is attributed to the importance and demand for event management are two significant elements that contribute to the market's growth. Audience management, session management, promotional events, on-site solutions such as mobile apps, speaker management, and other factors make event management significant and in demand. Also, considering the amount of work that demands months of preparations and planning, free booking of when you and hotels or rooms, and all of this must be kept track of in the form of paperwork, event management is essential. The lack of understanding in the majority of emerging economies has hampered the expansion of the event management business. This lack of awareness is frequently caused by a lack of technical skill and attention.

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The recently published research report on Global Event Management Software Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Event Management Software market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Event Management Software market report also includes the following data points:
• COVID19 Impact on Event Management Software market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Event Management Software market

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Key Players
Some of the major Event Management Software players holding high market share include Aventri, Eventbrite, XING Events, Ungerboeck Software. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Cvent
• Aventri
• Eventbrite
• XING Events
• Ungerboeck Software
• Bizzabo
• Certain
• Attendify
• Bitrix24
• Eventzilla

Segmental Analysis
Market Segment By Component with focus on market share, consumption trend, and growth rate of Event Management Software Market:
o Solutions
o Services

Market Segment By Deployment Type with focus on market share, consumption trend, and growth rate of Event Management Software Market:
o On Premises
o Cloud

Market Segment By Organization Size with a focus on market share, consumption trend, and growth rate of Event Management Software Market:
o Large Enterprises
o Small and Medium-sized Enterprises (SMEs)

Market Segment By End Use with a focus on market share, consumption trend, and growth rate of Event Management Software Market:
o Event Organisers and planners
o Corporate
o Government
o Education
o Others

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Global Event Management Software Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

APAC is the fastest-growing market for cloud workloads, thanks to rapid technological adoption in nations like China and India. In the future years, the region's adoption is expected to skyrocket. A few factors boosting the usage of event management software in APAC include the increased availability of skilled labor and SMEs' keen focus on entering and growing in this region.

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