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Event Management Software Market Trends and Innovations Shaping the Future | 2024 To 2033 Key Players Active Network,Arlo Technologies , Attendify, Aventri, Bizzabo, Certain Inc.
Event Management Software Market Share
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According to The Business Research Company's, The event management software market size has grown rapidly in recent years. It will grow from $7.25 billion in 2023 to $8.25 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to demand for efficiency and automation, focus on data security and compliance, adoption by various industries, customization and branding, rise of event registration platforms..
The event management software market size is expected to see rapid growth in the next few years. It will grow to $13.24 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to personalization capabilities, sustainability and green events, focus on accessibility and inclusivity, evolving compliance standards, crowdsourcing and participant input.. Major trends in the forecast period include hybrid and virtual event solutions, integrated event platforms, mobile event apps, contactless event solutions, enhanced security measures, blockchain for ticketing and security..
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Market Drivers and Trends:
The increase in preference for hosting virtual events is significantly contributing to the growth of the event management software market. Virtual events are completely hosted and run online with the potential for attendees to view or participate from anywhere in the world with an agenda of single or multiple-track presentation sessions or collaborative sessions. These sessions are streamed online through virtual conferences, webinars, internal hybrid events, and external hybrid events. For instance, according to The State of Virtual Events 2021, Zoom had the most respondents accounting for 50.3%, followed by Microsoft Teams with 12% usage and Facebook Live with 9.4%. This rise in usage of virtual platforms for hosting events is contributing to the event management software market growth.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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Major Key Players of the Market:
Active Network,Arlo Technologies , Attendify, Aventri, Bizzabo, Certain Inc., Cvent Inc., EMS Software LLC, Eventbrite, EventMobi, Gather Technologies,Ungerboeck,webMOBI, RainFocus, Regpack, SignUpGenius,XING Events, Eventzilla, Meeting Evolution, EventBooking, Bitrix24, Tripleseat,Circa Resort & Accelevents, Glue Up, Event Espresso, Hubb LLC., Hubilo Inc., RegPack Inc.,event geek
Event Management Software Market 2024 Key Insights:
• The event management software market size is expected to see rapid growth in the next few years. It will grow to $13.24 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%.
• Rising Preference For Virtual Events Drives Event Management Software Market
• New Event Platforms To Enhance Attendee Engagement
• North America was the largest region in the event management software market in 2023
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