Polaris Market Research is a global market research and consulting company. Contemporary risk management is based on statistical analysis. Events are generally held by clients in order to celebrate, communicate, or both. Polaris Market Research is a worldwide market research and consulting organization. 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. More specifically - Public Relations, Event Management, Social Media & Web Design. 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 reach USD 23.28 billion by 2030, to grow at a CAGR of 14.8% during the forecast period. 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. You can also contact MarketWatch Customer Service via our Customer Center. Event Management Services Market Segmented By services involve the planning, budgeting, scheduling, acquiring permits, selection of site, coordinating transportation, arranging for speakers or entertainers, event security, decor, catering and emergency plans. 2018 and 2019 are considered as the historic years and 2021 to 2030 are the forecast years. With international music festivals such as Tommorowland bringing traction in the European market. 2020 is considered as the base year of the report. Region wise, Europe was the highest revenue contributor in 2019, as this 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 being in the region. 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. See for yourself. With event management companies offering a wider range of services such as shows and weeding the market for event management services is growing with the inclusion of other casual events such as weddings rock concerts award shows, charity balls the spread of the market is increasing. The global event management industry was worth $1,135.4 billion in 2019 and is projected to grow at a CAGR of 11.2% over the next seven years. Some of the most notable players that are fuelling growth in the market, taking it on to a higher growth trajectory include: Players are highly focused on technology and improvement in their offerings to chart growth. All Rights Reserved. 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. Furthermore, the Asia Pacific region has abundant skilled and tech-savvy professionals, who can efficiently utilize the latest software solutions available in the market. We use cookies for a better user experience. Event Management Software Market To Register A Strong Growth Rate During The Forecast to 2023-2032. The events industry size was valued at $1,135.4 billion in 2019 and is expected to reach $1,552.9 billion by 2028, registering a CAGR of 11.2% from 2021 to 2028. Some of the benefits offered by professional services include reduced administrative expenses, increased profitability, and optimized utilization of resources. A. In 2017, the global Event Management Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025. 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. 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. , Maleic Anhydride Market Trends. In-depth report coverage is now just a few seconds away, Take Advantage of Intelligence Tailored to your Business Objective, Conect me to identify wining opportunities, Get insights that lead to new growth opportunities. The digitization and the advent of DIY apps the event management service companies could face a challenge. The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing events industry opportunities in the market. The biggest opportunity for the event management services is in the Asian and MEA regions. In the report, the country-level analysis is also provided. Events refer to public gathering of populace art at a determined time and place. Our key findings and recommendations have proven quite helpful for both established and top new players in the global Event Management Software market. 408-899-5464; On the basis of organizer, it is categorized into corporate, sports, education, entertainment, and others. The events industry forecast is offered along with information related to key drivers, restraints, and opportunities. WebEvent Management Platform Market Strategic Analysis. How big is the event management software market? This has led to a surge in demands for event management services from house parties, exhibition, and homecomings to marriages. Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2022-2029. The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth. MarketWatch provides the latest stock market, financial and business news. For this study, Grand View Research has segmented the global event management software market report based on component, service, professional service, deployment type, organization size, application, and region: Component Outlook (Revenue, USD Million, 2018 - 2028), Service Outlook (Revenue, USD Million, 2018 - 2028), Professional Service Outlook (Revenue, USD Million, 2018 - 2028), Deployment Type Outlook (Revenue, USD Million, 2018 - 2028), Organization Size Outlook (Revenue, USD Million, 2018 - 2028), Application Outlook (Revenue, USD Million, 2018 - 2028), Regional Outlook (Revenue, USD Million, 2018 - 2028). A host of other trends and drivers are also ensuring growth in the global event management services market. Identifying these patterns may assist in forming specific entry and exit criteria, and may lead to more effective trade management. It has been witnessed that events of the recent years are equally interesting than the past decade, driving shifts in choice and pressurizing event planners and owners. 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. 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. 360 Research Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. What Developments Are Going On in That Technology? Virtual events and conferences witnessed a significant rise, particularly in 2020. WebEconomic Analysis and Strategic Management Teece, David J. Event Management Software market report provides a complete background analysis of the industry which includes an assessment of the parental market. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19. Complimentary 10 hours free analyst time for market review, 3. From product releases to news conferences, businesses are producing sales activities to help them connect with customers (and potential clients). b. A. Each segment is analysed in detail, considering their market shares, revenue growth, CAGR, and other important factors. What Are Global Macroeconomic Environment Development Trends? By Get a Sample Copy of the Event Management Tools Market Report 2022. The research and analysis conducted in the credible Event Management Software market analysis report help clients to predict investment in an emerging market, expansion of market share, or success of a new product with the help of global market research analysis. Copyright 2023 Grand View Research, Inc. All rights reserved. The MarketWatch News Department was not involved in the creation of this content. The need for efficient management of all such events has been driving the adoption of event management software across the region. The World Health Organization (WHO) declared COVID-19 as a pandemic on March 11, 2020. Creativity and new methods are out pouring, contributing to higher revenues in the market over the forecast period. 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. The report contains valuable information about the industry, current and future market conditions, market size, market share, revenue growth, latest trends, expert opinions worldwide, and the financial status of key market players that can influence the market growth. We have segmented the global Event Management Software market according to type of product, application, and geography. A. This enables them to cement a strong position and ensure lasting success in the global Event Management Software market. Please fill out the form below for a free PDF report sample & Market definition studies the market drivers and market restraints with which businesses can get an idea of whether to increase or decrease the production of a particular product. The outbreak of the COVID-19 pandemic in 2020 had a negative impact on the market. 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. If you get fired from your tech job, what should be your next move. Any changes from United States might affect the development trend of Event Management Tools. The Event Management Software market in the U.S. is estimated at US$1.6 Billion in the year 2020. Jan 17, 2023 (The Expresswire) -- If you get fired from your tech job, what should be your next move? Report further studies the market development status and future Event Management Tools Market trend across the world. Contact the source provider Comtex at editorial@comtex.com. *Taxes/Fees, if applicable will be added during checkout. COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The growing preference among enterprises to host virtual events is opening lucrative opportunities for event management companies to expand their business, thereby driving the growth of the market over the forecast period. What is the Expected Size & Share of Event Management Software Market? Based on deployment type, the market has been further segmented into cloud and on-premise. of transactions increase. It is helpful in finding out the size of the Market for specific products. Event management companies have been on the rise since the time as memorial itself. 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. We offer 100% free customisation with our Enterprise License!! 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. online dashboard trial. It has been witnessed that events such as music concerts attract majority of the population, especially the youth and middle-aged individuals, which boost the growth of the events industry size. Alliances also help these players to enter new markets or penetrate deeper into an existing one. (Allied Market Research) 2. https://www.360researchreports.com/enquiry/request-sample/17796719, https://www.360researchreports.com/enquiry/pre-order-enquiry/17796719, https://www.360researchreports.com/purchase/17796719, Event Management Tools Market Growth, Size, Share, Opportunities, Industry Analysis and Forecast 2023 To 2029, Dow down 600 points in final hour of trade after weak economic data, hawkish Fed remarks erase inflation cheer. Privacy Policy. It comes with the additional cost of $2500.00 contact sales. The Event Management Tools market revenue was Million USD in 2016, grew to Million USD in 2020, and will reach Multi Million USD in 2026, with a Impressive CAGR during 2020-2026. Telephone: 415-908-2650 Facsimile: 415-908-2651 Email: info@mosaicevents.com. The growth of the segment can be attributed to the security benefits, such as data transparency and security, associated with on-premise deployments. As airports plan their growth, a better traffic demand analysis enhances project planning, improves the experience for travelers and ultimately saves airports time and money. This section sheds light on the sales growth of different regional and country-level Event Management and Planning Software markets. It contains 105 pages with detailed analysis, which is followed by a table of contents. , Data Science Platform, Tote And Ingredient Bags Packaging Market are expected to total US$ 41 Billion by 2032, Vacuum Skin Packaging Market Future Plans and Industry Growth with Quantitative And Qualitative Analysis, Strip Pack Laminates Market is set to thrive at a CAGR of 5.0% while projecting a value of USD 256.12 Million by 2032.

Are Bells Of Ireland Poisonous To Cats, Articles M