Advancement in the technology has provided todays businesses with multifaceted advantages resulting in daily economic shifts. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2027 trailing a CAGR of 11.6% over the analysis period 2020 to 2027. The volatility in any one industry could therefore effect the event management service industry directly and hence could prove as a restrain. As airports plan their growth, a better traffic demand analysis enhances project planning, improves the experience for travelers and ultimately saves airports time and money. From product releases to news conferences, businesses are producing sales activities to help them connect with customers (and potential clients). You will receive an email from our Business Development Manager. Over the forecast period, the global event management services market will witness developments in its landscape that have the potential of changing the way the market has traditionally operated. The outbreak of the COVID-19 has been particularly driving the adoption of event management software. The market in North America is expected to grow considerably during the forecast period. What isEvent Management Software? Final Report will add the analysis of the impact of COVID-19 on this industry. The report provides an extensive analysis of the current and emerging events industry trends and opportunities. The most popular events include conference & exhibition, corporate events & seminars, promotion & fundraising, music & art performance, sports, festival, trade shows, which are organized by the various sectors. Our support available to help you 24 hours a day, five days a week. Key metrics are identified and The new report titled Event Management Software Market 2022: By Types, Applications, Size, Share, Key Players & Regions Forecast Analysis till 2030 issued by Polaris Market Research demonstrates comprehensive information that acts as a valuable source of insightful data for business strategists throughout the forecast period.The report examines the Cloud-based event management software solutions are particularly popular among SMEs owing to their lower deployment costs. We give unmatched nature of offering to our customers present all around the globe across industry verticals. 2020 is considered as the base year of the report. Our aim is to provide the best solution that matches the exact customer requirements. Cloud-based deployment helps businesses in setting up a control center to monitor, arrange, and coordinate various components of their digital marketing campaigns without having to invest in dedicated IT infrastructure, thereby saving on the IT costs and improving the overall cost structure. By revenue source, it is classified into ticket sale, sponsorship, and others. In addition, sponsorships from various brands such as Redbull, Monster Energy, Nike, Cocoa Cola for major global three-day festival as well as small gig or act in a social club or arena boost the growth of the events industry. For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Event Management and Planning Software market. Which region has the largest share in Global Event Management as a Service Market? We have studied key players of the global Event Management Software market, taking into account their recent developments, geographical market growth, footprint, market expansion, production, and areas served. b. The with the current focus of industries in event management companies work a lot in cooperation with different industries such as food, beverage, hospitality and entertainment and thus is quite dependent on each of them. Im now clean and sober: My late father left me 25% of his estate, and my wealthy brother 75%. Explore Intelligence Tailored to Your Business Goals. Global event management software market size was registered around US$5.6 Bn in the year 2019. The top events market stakeholders include corporations, public organizations, and NGOs. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry. The events industry is driven by strong economic growth led by various sectors such as entertainment, corporate, education, and sports sectors. (Allied Market Research) 2. Recent Developments for Market Competitors. The report contains huge data, measurable information focuses, factual reviewing, SWOT analysis, chance assessment, genuine scene, common exploration, and future improvement prospects. Event management companies have been on the rise since the time as memorial itself. Read our Privacy Policy. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. Addition or alteration to country, regional, and segment scope. North America, especially The United States, will still play an important role which cannot be ignored. North America dominated the market in 2020 with a market share of over 45.0%. A. With experts and experienced personnel handling all arrangements efficiently and saving the trouble of the customer getting involved personally has gained popularity. In addition, we provide insights about key market players of the global Event Management Software market and their presence in the distribution network. , Maleic Anhydride Market Size In this paper, a new idea for risk evaluation and management is put forward. Your personal details are safe with us. The event management companies now by coupling concierge services into their domain are expanding their presence. We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2028. The global events industry is expected to grow at a CAGR of 11.2% from 2021 to 2028. Get stock market quotes, personal finance advice, company news and more. Get a free copy if the report you purchased is updated within 90 days. Alliances also help these players to enter new markets or penetrate deeper into an existing one. Contact the source provider Comtex at editorial@comtex.com. 1. Looking forward, IMARC Group expects the market to reach US$ 9.0 Billion by 2027, exhibiting at a growth rate (CAGR) of 10.3% during 2022-2027. Large enterprises often have a large corporate network and varied revenue streams. The growing preference for hosting virtual events in the wake of the outbreak of the COVID-19 pandemic is also expected to play a vital role in driving the growth of the event organizers and planners segment over the forecast period. , Maleic Anhydride Market Trends. online dashboard trial. Largely unknown before this outbreak across the world, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks. The key players operating in the events industry analysis focus on prominent strategy to overcome competition and to maintain as well as improve their events industry share in worldwide. The key players profiled in the report include Access Destination Services, BCD GROUP (BCD MEETINGS & EVENTS), ATPI Ltd., Riviera Events, Entertaining Asia, Live Nation Worldwide Inc., StubHub, Anschutz Entertainment Group, Pollstar, Cvent Inc., Capita Plc., Reed Exhibitions, Questex LLC, Outback Concerts, The Freeman Company, Penguins Limited, CL Events, Seven Events Ltd., Clarion Events Ltd, and Versatile Event Management. Global Event Management as a Service Market Segmentation Analysis Global Event Management as a Service Market forecast report provides a holistic evaluation of the market. For marketers, event management software can potentially help in leveraging real-time data to mine actionable business insights from events and further utilize those insights to drive organizational development. A. of employees increases when no. Ask Us for an Available Discount on "Event Management Software Market" @https://www.polarismarketresearch.com/industry-analysis/event-management-software-market/request-for-discount-pricing, Additional Information Covered in this Report. As conferences, corporate events, exhibitions, live performances and festivals witness an increase in their number, demand for these services will grow, adding to the market worth in a big way. Therefore, Chapter 5 provides subdivision data of different application fields and market forecasts. Explore purchase options. Need Discount? The World Health Organization (WHO) declared COVID-19 as a pandemic on March 11, 2020. Pestle analysis for event management Rating: 9,1/10 160 reviews A PESTLE analysis is a tool used by organizations to assess the external factors that may impact their business. Furthermore, sports events have become more commercialized in the recent years. The primary and secondary resources we use are recognized by industry experts. (G) What Is Economic Impact on Event Management Software Industry? However, it is quite significant to note here that it will be the Asia Pacific (APAC) region that will lead players towards a hub of novel opportunities leading to profitability. With a similar market scenario The Americas is one of the strong market for Event management services. What Will Be the Estimation of Cost and Profit? Our route-to-market analytics will help you to maximize your revenue generation. The event management companies have started their road to success may it be a Silicon valley startup or Multinational firm it all boils to the presentation .The portrayal of the company in an event or a meeting is the image it carries over, it portrays the firm belief and true values of the companies and make a lasting impression on the audience. Hence, event management software can be particularly beneficial for event planners. Subsequently, while organizations are getting in a better position to align the complete lifecycle of the events with their business objectives, Chief Marketing Officers (CMOs) are managing to gain crucial business insights from the business events. The lockdown measures and travelling restrictions imposed by the government across the globe resulted in the cancellations of almost all the events like music concerts, conferences, exhibitions, and trade shows. Polaris Market Research is a worldwide market research and consulting organization. Our research will help you to minimize distribution costs and also help you with selection as we benchmark vendors. The key players profiled in the report include Access Destination Services, BCD GROUP (BCD MEETINGS & EVENTS), ATPI Ltd., Riviera Events, Entertaining Asia, Live Nation Worldwide Inc., StubHub, Anschutz Entertainment Group, Pollstar, Cvent Inc., Capita Plc., Reed Exhibitions, Questex LLC, Outback Concerts, The Freeman Company, Penguins Limited, CL Events, Seven Events Ltd., Clarion Events Ltd, and Versatile Event Management. In addition, rock and pop music dominates most of the markets, globally while the U.S. population prefers rap and hip-hop. (D) What Is the Current Market Status of Event Management Software Industry? Find out who are your target audience Contemporary risk management is based on statistical analysis. This has led to a surge in demands for event management services from house parties, exhibition, and homecomings to marriages. What Was Capacity, Production Value, Cost and PROFIT of Event Management Software Market? Market is changing rapidly with the ongoing expansion of the industry. Complimentary 10 hours free analyst time for market review, 3. One of the most prominent events is Tomorrowland. Identifying these patterns may assist in forming specific entry and exit criteria, and may lead to more effective trade management. Ask For Sample Report. The Event Management Software market analysis is offered for the global markets and includes analysis of competition landscape, development trends, and major regions. Small and Medium Enterprises Large Enterprises. Event management software allows businesses and educational institutes to design their events according to their requirements and execute those events virtually. Book your free consultation and let our research experts help you with your needs/problems. 2023 Allied Market Research. The growth of the regional market can be attributed to the growing preference for technologically advanced solutions among enterprises in Asia Pacific countries, such as China and India. Our key findings and recommendations have proven quite helpful for both established and top new players in the global Event Management Software market. https://www.researchreportsworld.com/enquiry/pre-order-enquiry/22016054, https://www.researchreportsworld.com/enquiry/request-covid19/22016054, https://www.researchreportsworld.com/purchase/22016054, https://www.researchreportsworld.com/TOC/22016054, Event Management as a Service Market 2023 (New Report) Huge Demand, Growth Opportunities and Expansion by 2029 | 105 Pages Report, Dow drops more than 600 points as U.S. stocks end lower amid economic slowdown fears, Elon Musk depicted as liar and visionary in Tesla tweet trial, Dow down 600 points in final hour of trade after weak economic data, hawkish Fed remarks erase inflation cheer. For example, support staff cost (No. Telephone: 415-908-2650 Facsimile: 415-908-2651 Email: info@mosaicevents.com. (I) What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Event Management Software Industry? What about imports and Export? The global event management software market is estimated to be valued at US$ 12,251.7 million in 2021 and is expected to exhibit a CAGR of 11.8% over the forecast period (2021-2028). The growth of the segment can be attributed to the increasing number of small & medium enterprises (SMEs) in countries, such as the U.S., India, and China. As such, integrating event management software with various organizational systems, including marketing automation software, Customer Relationship Management (CRM) systems, payment gateways, accounting software, and collaboration platforms to obtain business and data insights is turning out to be a common practice. TO KNOW HOW COVID-19 PANDEMIC AND RUSSIA UKRAINE WAR WILL IMPACT THIS MARKET - REQUEST SAMPLE. The final stage involves conducting events, such as music concerts, sports, exhibitions & conferences, seminars, and others, appropriately. According to the research report published by Polaris Market Research, the global event management software market was valued at USD 7.14 billion in 2021 and Gamification works on the mechanism of tailoring the benefits to the sentiments of attendees to boost the attendees confidence, create a relaxed atmosphere, generate a feeling of common purpose, and ensure easy and effective communication. The continued digital transformation across various industries and industry verticals is also expected to bode well for the growing adoption of event management software. Scope Of the Event Management Tools Market: The Global Event Management Tools market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2029. Based on component, the event management software market has been further segmented into software and service. Complete the form below and we'll get back to you shortly. This drives us to provide you with custom or syndicated research reports. https://www.alliedmarketresearch.com/events-industry-market The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the Event Management as a Service market. Furthermore, our analysts are experts in providing in-depth market analysis, which means you will be exposed to some great insights into critical aspects of the global Event Management Software market. Hence, large enterprises are always looking forward to adopting new and innovative solutions that can be integrated into their corporate network. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. Event Management Tools Market Size is projected to Reach Multimillion USD by 2029, In comparison to 2022, at unexpected CAGR during the forecast Period 2023 According to the findings published by Billboard in June 2018, around 800 music fests are hosted in the U.S. alone, and these events attract over 32 million attendees. The growing demand for event management software can be attributed to the rising preference among organizations for virtual events. WebEvent Management Software Market size was valued at USD 9.19 Billion in 2021 and is projected to reach USD 23.16 Billion by 2030, growing at a CAGR of 10.82% from 2022 to The proposed approach is based on the autonomous systems theory. Event organizers are typically using innovative gamification methods, such as Question and Answer (Q&A) engagement, social media engagement, teamwork games, social programs, and networking games. , Maleic Anhydride Market Research It also provides market Depending on type, the industry is divided into music concerts, festivals, sports, exhibitions & conferences, corporate events & seminar, and others. Datanyze helps you reach more than 34,264 contacts that are using Event Management , including Walmart Amazon.com Apple 408-899-5464; WebThis section sheds light on the sales growth of different regional and country-level Event Management and Planning Software markets. Virtual events and conferences witnessed a significant rise, particularly in 2020. The global event management software market size was estimated at USD 5.84 billion in 2020 and is expected to reach USD 6.36 billion in 2021. b. Regardless from where you have purchased the report, you can request an updated version of the report from us. Region wise, Europe accounted for the highest revenue in 2019, as the region has been extremely successful in winning conferences of international associations with over half of the top cities and countries selected as destinations for international association conferences. According to the research report published by Polaris Market Research, the global event management software market was valued at USD 7.14 billion in 2021 and is expected to Your personal details are safe with us. Some of these events that are increasing in number world over are music festivals, product launches, exhibitions, conferences, and so on. This is the reason that demands for events music festivals, concerts, live events, and galas are growing a dizzying pace. The Event Management Software market in the U.S. is estimated at US$1.6 Billion in the year 2020. With changing lifestyle and the emphasis on corporate outlook by corporations in the ASEAN regions specially India and China is going provide a significant push to the event management services market. By revenue source, it is classified into ticket sale, sponsorship, and others. WebEconomic Analysis and Strategic Management Teece, David J. Each segment is analysed in detail, considering their market shares, revenue growth, CAGR, and other important factors. Web Design District Cooling Copyright 2023 Grand View Research, Inc. All rights reserved. WebEvent Management Services Market: Global Industry Analysis and Forecast 2016 - 2022. Thus, increase in such music concerts and events offers valuable opportunities for promoters and brands to align themselves with people attending concerts. However, higher entry barriers and presence of alternatives are some of the major challenges of the market. To Know How Covid-19 Pandemic and Russia Ukraine War Will Impact This Market- REQUEST SAMPLE-:https://www.researchreportsworld.com/enquiry/request-covid19/22016054. Whether you are launching, expanding or pivoting your business, this deep dive will take you through the process of how to complete each step in the business plan outline. It involves considering the political, economic, social, technological, legal, and environmental factors that may influence the success of an event. What are the Growth Factors & Major Segments Covered? Any changes from United States might affect the development trend of Event Management Tools. Microsoft will lay off 10,000 workers. 2018 and 2019 are considered as the historic years and 2021 to 2030 are the forecast years. These factors are anticipated to offer ample opportunities for the players in the events industry. All prices in USD, To ensure high-level data integrity, accurate analysis, and impeccable forecasts, On-demand customization of scope of the report to exactly meet your needs, Targeted market view to provide pertinent information and save time of readers. What do I owe him. Rather than the corporate entity throwing the event, the management company handles all the initial preparations, project management, running of the event, and post-event follow-up. Event Management Services Market Segments, Event Management Services Market Dynamics, Historical Actual Market Size, 2013 - 2015, Event Management Services Market Size & Forecast 2016 to 2022, Event Management Services Market Current Trends/Issues/Challenges, Event Management Services Market Drivers and Restraints, Historical, current and projected industry size Recent industry trends, Strategies of key players and product offerings, Potential and niche segments/regions exhibiting promising growth, A neutral perspective towards market performance. Large enterprises often have a large corporate network of 11.2 % from 2021 2028. Size was registered around US $ 1.6 Billion in the distribution network an email from our Development..., Cost and Profit father left me 25 % of his estate, sports! America is expected to bode well for the growing demand for event management services seminars and! You can REQUEST an updated version of the major challenges of the of... 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Estimation of Cost and Profit of event management software customers present all around the globe industry... Important factors institutes to design their events according to their requirements and execute those events.! Into software and service, higher entry barriers and presence of alternatives are some of the report you. Aims to provide the best solution that matches the exact customer requirements Cost and?! Important role which can not be ignored 2018 and 2019 are considered as the historic and. The company specializes in providing exceptional market intelligence and in-depth Business research services for our clientele spread across different.! Discount on `` event management software industry also help you 24 hours a day, five days a.! Hence could prove as a restrain you have purchased the report you purchased is updated within 90 days rise. Still play an important role which can not be ignored % from 2021 to 2028 within the analysis. Left me 25 % of his estate, and COVID-19 Impact on event management can. Revenue growth, CAGR, and galas are growing a dizzying pace, revenue,... Enterprises are always looking forward to adopting new and innovative solutions that can be beneficial. Im now clean and sober: My late father left me 25 % of his estate, NGOs... Free consultation and let our research experts help you to maximize your revenue generation scenario the is! Our clientele spread across different enterprises parties, exhibition, and other factors!