At 11+% CAGR Event Management Software Market To Hit $11.06 Billion by 2022 Led by North America
Event Management Software Market is forecast to reach $11.06 billion by 2022 from $6.38 billion in 2017 at a CAGR of 11.6% during (2017-2022) driven by an increasing number of organized events hosted ...
December 03, 2017 --
PUNE, India, Dec. 3, 2017 /PRNewswire-iReach/ -- North America is expected to hold the major event management software market size during the forecast period. North America has the first-mover advantage in the adoption of new technologies, such as smart phones and cloud platforms. North American companies are willingly investing in technological advancements. The factors driving the North American event management software market are stable economies, technology enhancements, and better infrastructure. The expenditure on event hosting and effective planning to host an event has been a major issue for various organizations in the region. The need to improve the operational efficiency of managing an event has encouraged organizations to adopt event management software.
Browse 65 Market Data Tables and 32 Figures spread through 123 Pages and in-depth TOC on "Event Management Software Market by Software (Venue Management, Event Registration, Ticketing, Event Planning, Event Marketing, Analytics, and Reporting), Service, Deployment Type, Organization Size, End User, and Region - Global Forecast to 2022" http://www.reportsnreports.com/reports/300690-event-management-software-market-by-software-type-event-registration-venue-management-marketing-planning-analytics-ticketing-by-organization-size-corporate-government-3rd-party-planners-education-global-forecast-to-2019.html .
Major vendors in the event management software market include Eventbrite (US), Cvent (US), XING Events (Germany), ACTIVE Network (US), etouches (US), EMS Software (US), Ungerboeck Software International (US), SignUpGenius (US), Certain (US), Social Tables (US), Eventmobi (Canada), Hubb (US), Babylon Software Solution (Macedonia), and Regpack (US).
APAC is one of the fastest-growing regions and has a favorable event management software market and service vendors. India, China, Australia, and Japan are major contributors to the event management software market growth in APAC.
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On-premises deployment is expected to hold the major event management software market size during the forecast period. The on-premises deployment refers to the installation of applications on the premises of an organization, rather than at a remote facility. On-premises software is delivered on a one-time license fee, along with a service agreement. As this deployment requires huge infrastructure and its own data center, organizations that can afford this cost usually deploy on-premises software. Therefore, Small and Medium-sized Enterprises (SMEs) often face the dilemma of choosing between hosted and on-premises solutions. With advantages, such as control over the system and data, and dedicated staff for maintenance and support, it also comes with various drawbacks, such as high deployment costs and proper infrastructure requirements, which are not always possible for SMEs to invest in. However, the growth of on-premises deployment type is being affected by the rapid development of cloud computing solutions.
The Global Event Management Software Market is driven by the increasing adoption of event lifecycle automation and event management as a cloud-based provision.
Event registration software is expected to hold the major event management software market size during the forecast period. The event registration software is gaining traction very fast in the current market environment. This growing interest of organizations is owing to the fact that companies have realized the benefits of registration of attendees through software, also offering online registrations for participants. It includes payment processing, which helps organizations to automate and simplify the payment collection process in their business. It also customizes the price based on the registrant types, coupons, registration dates, and bulk registrations.
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In the process of determining and verifying the event management software market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below as:
- By company type: Tier 1 - 22%, Tier 2 - 41%, and Tier 3 - 37%
- By designation: C-level - 72%, Director level - 19%, and Others - 9%
- By region: North America - 64%, Europe - 19%, APAC - 12%, Latin America - 2%, and MEA - 3%
The report includes in-depth competitive analysis of these key players in the event management software market, with their company profiles, recent developments, and key market strategies. The research report segments the event management software market by software, service, deployment type, organization size, end user, and region.
Another research titled Predictive Analytics Market Global Forecast to 2022 says, the global predictive analytics market size is expected to grow from $4.56 billion in 2017 to $12.41 billion by 2022, at a CAGR of 22.1%. Risk analytics solution is expected to hold the largest market size during the forecast period. APAC is projected to grow at the highest CAGR during the forecast period. Companies such as Alteryx, Inc. (US), AgilOne (US), Angoss Software Corporation (Canada), Domino Data Lab (US), Dataiku (US), Exago, Inc. (US), Fair Isaac Corporation (FICO) (US), GoodData Corporation (US), International Business Machines Corporation (US), Information Builders (US), Kognitio Ltd. (UK), KNIME.com AG (Switzerland), MicroStrategy, Inc. (US), Microsoft Corporation (US), NTT DATA Corporation (Japan), Oracle Corporation (US), Predixion Software (US), RapidMiner (US), QlikTech International (US), Sisense, Inc. (US), SAP SE (Germany), SAS Institute, Inc. (US), Tableau Software, Inc. (US), TIBCO Software, Inc. (US), Teradata Corporation (US) have been profiled in this 163 pages research report available at http://www.reportsnreports.com/purchase.aspx?name=267715 .
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