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Event Management Software Market Trends, Business Growth, Leading Players and Forecast 2029
With shooting adoption among small and mid-sized businesses, demand for event management software continues to be on an uptrend. Increasing preference of organizations for improved customer relationship management drives demand for CRM event management software. Registering the revenue worth US$5.6 Bn in the year 2019, global event management software market is all set for a promising growth outlook over the course of next few years. In a recently published market research study, Fairfield Market Research expects the market to reach the valuation of around US$18.4 Bn toward the end of 2029, witnessing solid growth at 12.9% CAGR over 2022 – 2029. The report sheds light on the detailed strategic profiles of leaders in global event management space, and key vendors in event management software market, which prominently include Google, IBM, Microsoft, Oracle, and HCL. The report projects growing emphasis of key companies on subscription-based model. The proliferation of hybrid/remote workforce worldwide is likely to favour market growth to a large extent.
For More Industry Insight Read: https://www.fairfieldmarketresearch.com/report/event-management-software-market
Cloud Event Management Remains in Demand in Event Management Software Market
Among services, and solutions, the report indicates clear dominance of event management software services over solutions. While the former accounts for over 70% market value share, there has been visibly growing demand for managed professional service providers. Demand for solutions on the other hand will also see decent growth throughout the period of projection. Primacy of software solutions has been attributed to the rising boom around video conferencing technology worldwide, across all industry verticals. On the other hand, the report in its deployment-wise analysis of the market reveals that cloud will remain the most preferred mode of deployment against on-premises counterpart. Cloud event management offers massive cost savings benefit whereas the latter assures security, and transparent. Given the massive cost savings potential that the cloud event management offers, cloud-based deployment of event management software will remain sought-after when compared with on-premises deployment segment. By application, event planning, venue management, and event registration and ticketing are likely to be the lucrative segments in event management software market.
Asia Pacific Reflects Attractive Growth Potential amid North America’s Continued Lead in Event Management Software Market
The three key markets, i.e., North America, Europe, and Asia Pacific together contribute the lion’s share in event management software market, accounting for around 80% of the total valuation. Global leaders like Aventri Inc., Bizzabo, and Glue Up will continue to position North America as the top ranking event management software market. The report says that North America has been representing the largest revenue share in global event management software market and is expected to maintain the lead throughout the period of projection. The region has been poised to exhibit 12.5% growth through the end of 2029. The US market will especially benefit from the rampantly growing number of SMEs, and an overwhelming number of public and private events organized all over the nation. This will in turn remain a highly influential factor for North America’s event management software market. On the other hand, the report indicates solid growth in the opportunistic potential of Asia Pacific’s event management software market that would be led by China, and India.
Leading Event Management Software Market Vendors
Oracle, Google. IBM, Microsoft, Cvent, HCL, Aventri Inc., Bizzabo, Glue Up, Eventbrite, Ungerboeck, Certain, Bizzabo, Hopin, ACTIVE Network, Airmeet, EventBooking
Get a Sample Copy/TOC of Event Management Software Market Report: https://www.fairfieldmarketresearch.com/report/event-management-software-market/request-sample
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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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