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Event Management Software Market worth $34.7 billion by 2029, growing at a CAGR of 17.4%: Report by MarketsandMarkets™
Chicago, May 08, 2024 (GLOBE NEWSWIRE) -- The global Event Management Software Market size is projected grow from $15.5 billion in 2024 to $34.7 billion by 2029 at a compound annual growth rate (CAGR) of 17.4% during the forecast period 2024 to 2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on "Event Management Software Market" 352 - Tables 56 - Figures 330 – Pages
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Recently, event management software has included increased integration with other technology platforms, such as customer relationship management (CRM) systems, marketing automation tools, and virtual event platforms. This integration allows for seamless data sharing and automation across different stages of event planning and execution, enhancing efficiency and effectiveness. Moreover, the shift towards virtual and hybrid events due to the COVID-19 pandemic drives a growing demand for hybrid event capabilities. Event management software providers are adapting by offering features supporting in-person and virtual components, such as virtual attendee engagement tools, live streaming capabilities, and virtual networking functionalities.
Event Management Software Market Dynamics:
Drivers:
Rising demand to manage data and automate event management tasks
Compelling need to save time and money with real-time data analysis
Growth in use of social media for event marketing
Enhanced accuracy in collecting customer information
Opportunities:
Rising demand for communication platforms across enterprises
Gamification of events to engage larger audience
Surge in dependence on BYOD and CYOD solutions
Restraints:
High initial cost associated with event management software
Network inconsistency and lack of communication infrastructure
Difficulty in integrating event management software with business systems
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List of key players in Event Management Software Market:
Cvent (US)
Stova (US)
Eventbrite (US)
Zoom (US)
RingCentral (US)
Zoho Corporation (India)
Momentus Technologies (US)
Active Network (US)
RainFocus (US)
6Connex (US)
Looking to the future, AI and machine learning ML are expected to play a significant role in event management software. These technologies can help automate repetitive tasks, personalize attendee experiences, and provide valuable insights through data analysis. AI-powered chatbots, ...