Global Event Management Software Market to Reach $10.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Event Management Software estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$10.3 Billion by 2027, growing at a CAGR of 12.1% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 10.8% CAGR and reach US$5.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 13.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 11.6% CAGR
The Event Management Software market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2027 trailing a CAGR of 11.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.6% and 12.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.4% CAGR.
Select Competitors (Total 140 Featured):
Amid the COVID-19 crisis, the global market for Event Management Software estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$10.3 Billion by 2027, growing at a CAGR of 12.1% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 10.8% CAGR and reach US$5.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 13.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 11.6% CAGR
The Event Management Software market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2027 trailing a CAGR of 11.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.6% and 12.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.4% CAGR.
Select Competitors (Total 140 Featured):
- Active Network, LLC
- Aventri Inc.
- Bizzabo Ltd.
- Certain Inc.
- Cvent Inc.
- EMS Software LLC
- Eventbrite, Inc.
- Gather Technologies
- Hubb LLC
- Hubilo Inc.
- RainFocus, Inc.
- RegPack, Inc.
- SignUpGenius Inc.
- TryBooking Pty Ltd.
- Ungerboeck Software International Inc.
- Webconnex
- XING SE
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
- Event Management Software: Leapfrogging the Pandemic for a Strategic Transformation Pursuit
- Exhibit 1: COVID-19 Effect on Global Event Activities: Estimated Percentage Change in Event Revenues for 1H 2020 over 1H 2019
- Exhibit 2: Select Major Events and Direct Losses (in US$ Million) due to Cancelations
- COVID-19 Crisis Similar to 2008 Financial Crisis for Event Industry
- 14 Major Events Cancelled or Deferred or Conducted Virtually due to COVID-19
- Event Management Software: Smart Platform for Efficient Coordination of Event Tasks
- Emergence of Hybrid Events
- Growing Significance of Events to Make Event Management Software a Vibrant Market in Long Term
- Regional Analysis: The US Maintains Emphatic Presence in Event Management Software Market
- Exhibit 3: World Event Management Software Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
- Exhibit 4: World Event Management Software Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: USA, Canada, Europe, China, Asia-Pacific, Middle East, Latin America, Japan and Africa
- Competitive Scenario
- Eventbrite: Most Popular Event Management Software
- Online Event Management and Booking Platforms: An Opportunity for Investors
- Recent Market Activity
- Select Global Brands
- Trends Influencing the Event Management Software Industry
- Slow Ticketing for Maximizing Profits
- Collecting Data for Crowd-Shaping
- Opportunities to Unplug/Recharge
- Enhanced Security
- Increased Involvement of Marketing in Event Planning
- Purposeful and Engaging Content Design
- Advanced Technology
- Event Management Companies Adapting to Changes: Offer Video Conferencing Solutions while Transitioning to Virtual Platforms
- Eventbrite Engineers Self-Service Platform Experience to Reinvigorate Business Activity Post COVID-19 Impact
- Opportunity Indicators
- Exhibit 5: Tech Conferences/Events (Feb-June 2020): Virtual/Online Event Conversion Rate in % for Canceled Events
- 72 Leading Tech Conferences Scheduled between February & November 2020 Going Virtual: Status Update Post COVID-19 Concerns - Canceled, Postponed or Going Virtual
- Exhibit 6: Cyber Security Events (Mar-June 2020): Virtual Event Conversion Rate in % for Canceled Events
- 52 Select Cyber Security Conferences Scheduled between March & August 2020 Going Virtual: Status Update Post COVID-19 Concerns - Canceled, Postponed or Going Virtual
- Exhibit 7: Open Source Events (Mar-June 2020): Percentage Breakdown of Events by Current Status - Canceled, Postponed, Virtual, No Change
- Select Open Source Conferences Canceled, 14 Leading Linux and Open-Source Conferences Scheduled between March & June 2020 Going Virtual: Status Update Post COVID-19 Concerns - Canceled, Postponed or Going VirtualPostponed or Going Virtual After COVID-19 Pandemic Scare
- Building an Engaging Experience through AI tools and Automation
- Event Management Software Trends for Small & Mid-Size Organizations
- Media & Entertainment Emerges as Lucrative Segment of Event Management Software Market
- Exhibit 8: World Event Management Software Market by End-Use Sector (2020): Percentage Breakdown of Revenues by Segment
- Demand for Cloud-based Event Management Software
- Exhibit 9: World Event Management Software Market by Deployment (2012 & 2027): Percentage Breakdown by On-Premise and Cloud
- Enhanced Internet Network Capabilities to Support Large Scale Adoption of Event Management Software
- Exhibit 10: Breakdown of Internet Users (in %) by Region: Q1 2020
- Exhibit 11: Internet Penetration Rate (%) in Select Countries: April 2020
- Exhibit 12: Fixed Broadband Speed (in mbps) in Select Countries: April 2020
- Availability of Event Management Applications for Smartphones to Drive Growth
- Exhibit 13: Worldwide Smartphone Sales (in Million Units) by Geographic Region/Country for the Years 2018 & 2022
- Exhibit 14: Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
- Exhibit 15: Surging Smartphone Penetration: Smartphone Users as % of Global Population for the Period 2018-2022
- Companies Focus on Events as Marketing Channel
- Adverse Impact on Hotels amid COVID-19 Induced Setback to Events Industry
- Concerns Regarding Integration of Event Management Software with Existing Systems
- COVID Impact on Event Management Industry
- Cancellation of Events Shifting Attention to Web Conferencing
- Exhibit 16: COVID-19 Effect on Global and USA Concerts: Estimated Percentage Change in Concerts by Events, Fans and Tickets for 1H 2020 over 1H 2019
- Total Companies Profiled: 140
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