The global Event Management Software Market to grow from USD 6.10 billion in 2018 to USD 10.57 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 11.6% during the forecast period.
The Asia Pacific (APAC) region is expected to grow at the highest CAGR in the global Event Management Software Market during the forecast period. The region comprises key economies, such as China, India, Japan, Singapore, Malaysia, and Australia. APAC is projected to witness the highest adoption rate of event management software and services, owing to the presence of a large number of Small and Medium-sized Enterprises (SMEs), which are inclined toward the adoption of cloud-based event management software. The increasing adoption of cloud technologies and the presence of a broad customer base are driving the adoption of event management software across enterprises in APAC.
Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/event-management-software-market-136859992.html
In the end-user segment, the third-party planner segment is expected to be the fastest growing in terms of adopting event management software and the associated services during the forecast period. Third-party planners help organizations develop and quickly plan events to manage various aspects, such as invitations, registrations, organizing housing and travel preferences, and collecting payments. They manage all the event activities and deal with everything, ranging from planning to marketing and executing the event.
The cloud deployment type is expected to grow at a higher CAGR during the forecast period. Many companies are deploying event management software and solutions in the cloud to improve the mobility and decentralize the data storage and computing. Security is a critical issue that restricts the adoption rate of cloud-based solutions; however, this issue is gradually being eradicated through rigorous security tests conducted with the highest standards by third parties. Due to these advantages, many vendors are switching from the on-premises deployment type to Software-as-a-Service (SaaS)-based solutions.
The SMEs segment is expected to grow at a higher CAGR during the forecast period. Organizations with less than 1,000 employees are categorized as SMEs. SMEs face some specific challenges, such as the need for domain-specific personnel and skilled workforce, budget constraints, and limited economies of scale. The increased competitive market scenario and brand marketing have encouraged the SMEs to invest in event management software and services to reach out to more prospects and participants, and effectively host events for business growth. The increasing use of cloud-based offerings among various organizations has led to the implementation of event management software among SMEs, resulting in reduced IT infrastructure costs increased focus on core activities.
Request Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=136859992
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/event-management-software.asp
![[Latest 2028] Cloud Security Market Estimation, Key Players, Growth Opportunities](https://mnmblog.org/wp-content/uploads/2024/04/cust-350x196.webp)
