The global event management software market is anticipated to reach USD 9.18 billion by 2030, at a CAGR of 6.24% from 2021 to 2030. The growth of the event management software market is being driseveralmber of factors, including the increased adoption of digital solutions, the growing demand for cloud-based event management solutions, and the need for automated event planning and execution. Additionally, the increasing use of technological advances such as artificial intelligence (AI) and machine learning (ML) in event management software solutions is expected to further drive market growth.
The report also identifies several key players in the event management software market, including Cvent, Inc., Eventbrite, Inc., Aventri, Inc., Certain Inc., Ungerboeck Software International, Gather Technologies, Inc., etouches, Inctouches., Bizzabo, Social Tables, LLC, and GEVME. These companies are expected to continue to dominate the market, as they offer a wide range of products and services that are tailored to the needs of their customers.
The report also provides insights into the regional trends in the event management software market. North America is expected to dominate the market, due to the increasing demand for advanced event management solutions in the region. Europe is also expected to experience significant growth, driven by the increasing adoption of cloud-based event management software solutions. Additionally, the increasing number of conferences and meetings in the region is expected to contribute to the growth of the market.
Restraints of Event Management Software Market
- High Initial Investment: Event management software is highly expensive and requires a large initial investment as well as ongoing costs for maintenance and upgrades.
- Difficulty in Selecting the Right Software: It is difficult to find the right software for a particular event due to the variety of options available.
- Security Issues: Event management software may have security vulnerabilities that could lead to data breaches or other security issues.
- Lack of Support: Many vendors do not provide adequate support for their software, which can lead to problems during the event.
- Compatibility Issues: Event management software may not be compatible with other systems, such as accounting software, resulting in errors.
Brainy Insights has segmented the global Event Management Software market into based now mentioned segments:
Global Event Management Software Market by Type:
- Professional Services
- Managed Services
Global Event Management Software Market by Deployment:
Global Event Management Software Market by Organization Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Global Event Management Software Market by End-Use Industry:
- Media and Entertainment
- Event Planners