Event Management Software Market Size, Region-wise Forecast, Top Company Profiles

Event management is the part of project management which includes the creation and development of big events festivals, corporate parties, conferences, ceremonies, weddings, and convocations. It involves studying the brand, target audience, and handling of technical aspects before launching an actual event. This includes big events such as Olympics to a small event like corporate breakfast. For making occasions successful the well-planned arrangement of occasion enlistment, setting of sourcing, good participant board, regular meeting of board, and advertising of occasion and good administration of occasion is required. It required several days or months to get ready for such occasion because booking of lodgings & rooms and advertising of occasions are critical administrative work. Event management software reduces the time taken by the manual process, it simplifies all the operation in event management and improve the professionalism and overall experience.

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Numerous factors like increase in demand for event automation and effective use of social media application in event management software drive the growth of the event management software market globally. Moreover, the adoption of advanced data analytics in the event management software boosts the growth of the market globally. However, factors such ashigh initial deployment cost of event management software along with challenges in the integration ofevent management software with the business framework restrict the growth of the market.

Furthermore, factors such as integration of gamification & advance virtual reality techniques in event management for engagement ofaudience, and adoption of machine learning artificial intelligence (AI), and internet of things (IoT) in event management software is expected to providelucrative opportunities for the event management software market.

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The global event management market is segmented on the basis of component, solution type, deployment mode, platform type, organizational size, end user, and region. By component, it is bifurcated into solutions and services. By solution type, it is classified into analytics software, event registration, event marketing, and venue sourcing. By deployment model, the market is categorized into cloud and on-premise. By platform type, it is divided into the web-based system and mobile-based system.On the basisofenduser, it is classified into government, corporate, third party, educational, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The market players operating in the global event management software market include CventInc., AventriInc., Centium software, Eventbrite,CentrainInc., Pulse Network, Active Network LLC, Webconnex LLC, New Work SE, and Hobilo Soft techPrivateLimited.

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Key Benefits for Stakeholders -

• The study provides an in-depth analysis of the event management software market along with the current trends and future estimations to elucidate the imminent investment pockets.
• Information about key drivers, restraints, and opportunities and their impact analysis on the event management software market size is provided.
• Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the event management software industry.
• The quantitative analysis of the market from 2019to 2027 is provided to determine the market potential.

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