Event Management Software Market Growth & Trends
The global event management software market size is anticipated to reach USD 14.48 billion by 2028, registering a CAGR of 12.5% from 2021 to 2028, as per the research conducted by Grand View Research, Inc. The growing popularity of cloud-based solutions and the increasing preference for hosting virtual events are some of the major factors that are anticipated to drive the growth of the market over the forecast period. Given the growing reliance of organizations on a dedicated IT infrastructure to improve business productivity, cloud-based managed services are emerging as a cost-effective alternative for organizations, which bodes well for the growth of the market. The availability of various subscription-based pricing models is also expected to contribute to the growth of the market.
Event Management Software Market Report Scope
Report Attribute | Details |
Market size value in 2021 | USD 6.36 billion |
Revenue forecast in 2028 | USD 14.48 billion |
Growth Rate | CAGR of 12.5% from 2021 to 2028 |
Base year for estimation | 2020 |
Historical data | 2018 - 2019 |
Forecast period | 2021 - 2028 |
The outbreak of the COVID-19 pandemic has been particularly driving the adoption of event management software. Lockdowns imposed in different parts of the world as part of the efforts to arrest the spread of coronavirus have affected several industries and industry verticals. Several small, medium and large enterprises have adopted the work-from-the-home working model to protect their employees in the wake of the outbreak of the pandemic. On the other hand, educational institutions and corporates are particularly resorting to virtual events, which is typically driving the demand for event management software.
The key players in the market include Cvent Inc.; Aventri Inc.; Eventbrite; and Zoho Corporation. These market players are majorly focusing on strategic partnerships and collaborations to enhance their business operations. For instance, in June 2018, Eventbrite, a ticketing and event management company based in the U.S., and Elrow Family, a party series and event concept company based in Barcelona, Spain, entered into a multi-year ticketing partnership, which envisaged Eventbrite handling the ticketing requirements of over 100 festivals and shows under the Elrow brand. The festivals and shows under the Elrow brand attract more than 2.4 million attendees every year.
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Event Management Software Market Report Highlights
- The software segment is expected to dominate the market over the forecast period, owing to the continued adoption of event management software by various small and large enterprises across the globe. The segment is expected to reach USD 9,10 billion by 2028
- The managed service segment is anticipated to expand at the highest CAGR of 14.3% over the forecast period
- The deployment and integration segment accounted for a market share of over 45.0% in 2020 and is anticipated to reach USD 1.59 billion by 2028
- The cloud segment is expected to dominate the market over the forecast period and reach USD 9.54 billion by 2028
- The corporate segment is anticipated to register the highest CAGR of 13.2% over the forecast period in line with the growing preference among corporates for technologically advanced solutions to host virtual events
- North America is projected to account for the largest market share over the forecast period. The regional market is anticipated to reach USD 6.21 billion by 2028 driven by the presence of several prominent players in the region and the rapid adoption of technologically advanced solutions
- Some of the prominent market participants include Cvent Inc.; Eventbrite; Zoho Corporation; and Aventri Inc.
Access Press Release@ https://www.grandviewresearch.com/press-release/global-event-management-software-market
Event Management Software Market Segmentation
Grand View Research has segmented the global event management software market based on component, service, professional service, deployment type, organization size, application, and region:
Event Management Software Component Outlook (Revenue, USD Million, 2018 - 2028)
- Software
- Service
Event Management Software Service Outlook (Revenue, USD Million, 2018 - 2028)
- Professional Service
- Managed Service
Event Management Software Professional Service Outlook (Revenue, USD Million, 2018 - 2028)
- Consulting
- Deployment & Integration
- Support & Maintenance
Event Management Software Deployment Type Outlook (Revenue, USD Million, 2018 - 2028)
- On-premise
- Cloud
Event Management Software Organization Size Outlook (Revenue, USD Million, 2018 - 2028)
- Small & Medium Enterprise
- Large Enterprise
Event Management Software Application Outlook (Revenue, USD Million, 2018 - 2028)
- Event Organizers & Planners
- Corporate
- Government
- Education
- Others
Event Management Software Regional Outlook (Revenue, USD Million, 2018 - 2028)
- North America
- US.
- Canada
- Europe
- Germany
- UK.
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
List of Key Players of Event Management Software Market
- Aventri Inc.
- Cvent Inc.
- Eventbrite
- Zoho Corporation
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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