#Event Management Software Market

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Event Management Software Market - Changing Supply and Demand Scenarios By 2030

Event Management Software Market

The global event management software market size was estimated at USD 6.97 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 12.5% from 2023 to 2030.

With the proliferation of technology, event management software has strong data-handling attributes. It enables event managers to gather and evaluate data on participant population demographics, opinions, and behavior. The data gathered can assist event organizers in making informed choices, enhancing future events, and customizing overall experience to the needs of participants. These factors are driving market growth. Event management has grown in importance globally as the range of worldwide conferences, exhibits, and cultural events has increased. Cultural variations, communication hurdles, and foreign logistics are all managed by event organizers.

Gather more insights about the market drivers, restrains and growth of the Event Management Software Market

Event Management Software Market Segmentation

Grand View Research has segmented the event management software market report based on component, deployment, enterprise size, application, and region:

Component Outlook (Revenue, USD Billion, 2018 - 2030)

Software

Event Planning

Event Marketing

Venue & Ticket Management

Analytics and Reporting

Others

Services

Professional Services

Consulting

Deployment & Integration

Support & Maintenance

Managed Services

Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

Cloud-based

On-premises

Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

Small and Medium-sized Enterprise

Large Enterprise

Application Outlook (Revenue, USD Billion, 2018 - 2030)

Event Organizers & Planners

Corporate

Government

Education

Others

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Europe

UK

Germany

France

Italy

Spain

Asia Pacific

China

India

Japan

Australia

South Korea

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

UAE

Saudi Arabia

South Africa

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global blockchain supply chain market size was estimated at USD 2.26 billion in 2023 and is expected to grow at a CAGR of 90.2% from 2024 to 2030.

The global database management system market size was estimated at USD 100.79 billion in 2023 and is expected to grow at a CAGR of 13.1% from 2024 to 2030. 

Key Companies & Market Share Insights

The key players are investing resources in research & development activities to support growth and enhance their internal business operations. The report will include company analysis based on their financial performances, product benchmarking, key business strategies, and recent strategic alliances. Companies can be seen engaging in mergers & acquisitions, and partnerships to further upgrade their products and gain a competitive advantage in the market.

They are effectively working on new product development and enhancement of existing products to acquire new customers and capture more market shares. For instance, in April 2023, Eventdex.com announced a strategic partnership with One World Rental, an event technology rental company that offers laptops, iPad, and VR equipment for events. This collaboration is expected to strengthen Eventdex.com’s event management solution offerings, including both software and hardware. Some of the prominent players operating in the global event management software market include:

Active Network LLC

Arlo

Stova

Bitrix24

Eventdex.com

Hopin

webMOBI

Whova

Certain, Inc.

Cvent, Inc.

EMS Software LLC

EventBrite

Rainfocus

Ungerboeck

Zoho Corporation Pvt. Ltd.

Recent Development

In April 2023, Cevent, Inc. announced a strategic partnership with Jifflenow, a B2B meeting platform. The partnership is aimed at streamlining bookings of in-person meetings at corporate events and tradeshows for customers of both companies.

In April 2023, Eventbrite launched RECONVENE Accelerator in 2022, a mentorship and award program, to empower and motivate the next generation of event creators. In addition to the following development, the company introduced a panel of judges to select five winners, who are expected to receive a sum of USD 20 thousand, along with a personal mentorship program from Eventbrite.

In March 2023, Whova announced that its event registration system is now available in 39 countries, with newly added 16 countries in the list. The following initiative is expected to help Whova in expanding its global reach and serve customers globally.

In March 2022, Cevent, Inc. announced the acquisition of Blackstone in a transaction of USD 4.6 billion. Blackstone has expertise in the hospitality and event industry. Cevent, Inc. aimed to expand its business and launch innovative solutions to power the events and meetings ecosystem.

Order a free sample PDF of the Event Management Software Market Intelligence Study, published by Grand View Research.

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Event Management Software Market Segmentation and Competitive Analysis Report, 2030

The global event management software market size was estimated at USD 6.97 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 12.5% from 2023 to 2030.

With the proliferation of technology, event management software has strong data-handling attributes. It enables event managers to gather and evaluate data on participant population demographics, opinions, and behavior. The data gathered can assist event organizers in making informed choices, enhancing future events, and customizing overall experience to the needs of participants. These factors are driving market growth. Event management has grown in importance globally as the range of worldwide conferences, exhibits, and cultural events has increased. Cultural variations, communication hurdles, and foreign logistics are all managed by event organizers.

Gather more insights about the market drivers, restrains and growth of the Event Management Software Market

Event Management Software Market Segmentation

Grand View Research has segmented the event management software market report based on component, deployment, enterprise size, application, and region:

Component Outlook (Revenue, USD Billion, 2018 - 2030)

• Software

o Event Planning

o Event Marketing

o Venue & Ticket Management

o Analytics and Reporting

o Others

• Services

o Professional Services

o Consulting

o Deployment & Integration

o Support & Maintenance

o Managed Services

Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Cloud-based

• On-premises

Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Small and Medium-sized Enterprise

• Large Enterprise

Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Event Organizers & Planners

• Corporate

• Government

• Education

• Others

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

�� North America

o U.S.

o Canada

• Europe

o UK

o Germany

o France

o Italy

o Spain

• Asia Pacific

o China

o India

o Japan

o Australia

o South Korea

• Latin America

o Brazil

o Mexico

o Argentina

• Middle East & Africa

o UAE

o Saudi Arabia

o South Africa

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global blockchain supply chain market size was estimated at USD 2.26 billion in 2023 and is expected to grow at a CAGR of 90.2% from 2024 to 2030.

• The global database management system market size was estimated at USD 100.79 billion in 2023 and is expected to grow at a CAGR of 13.1% from 2024 to 2030. 

Key Companies & Market Share Insights

The key players are investing resources in research & development activities to support growth and enhance their internal business operations. The report will include company analysis based on their financial performances, product benchmarking, key business strategies, and recent strategic alliances. Companies can be seen engaging in mergers & acquisitions, and partnerships to further upgrade their products and gain a competitive advantage in the market.

They are effectively working on new product development and enhancement of existing products to acquire new customers and capture more market shares. For instance, in April 2023, Eventdex.com announced a strategic partnership with One World Rental, an event technology rental company that offers laptops, iPad, and VR equipment for events. This collaboration is expected to strengthen Eventdex.com’s event management solution offerings, including both software and hardware. Some of the prominent players operating in the global event management software market include:

• Active Network LLC

• Arlo

• Stova

• Bitrix24

• Eventdex.com

• Hopin

• webMOBI

• Whova

• Certain, Inc.

• Cvent, Inc.

• EMS Software LLC

• EventBrite

• Rainfocus

• Ungerboeck

• Zoho Corporation Pvt. Ltd.

Recent Development

• In April 2023, Cevent, Inc. announced a strategic partnership with Jifflenow, a B2B meeting platform. The partnership is aimed at streamlining bookings of in-person meetings at corporate events and tradeshows for customers of both companies.

• In April 2023, Eventbrite launched RECONVENE Accelerator in 2022, a mentorship and award program, to empower and motivate the next generation of event creators. In addition to the following development, the company introduced a panel of judges to select five winners, who are expected to receive a sum of USD 20 thousand, along with a personal mentorship program from Eventbrite.

• In March 2023, Whova announced that its event registration system is now available in 39 countries, with newly added 16 countries in the list. The following initiative is expected to help Whova in expanding its global reach and serve customers globally.

• In March 2022, Cevent, Inc. announced the acquisition of Blackstone in a transaction of USD 4.6 billion. Blackstone has expertise in the hospitality and event industry. Cevent, Inc. aimed to expand its business and launch innovative solutions to power the events and meetings ecosystem.

Order a free sample PDF of the Event Management Software Market Intelligence Study, published by Grand View Research. 

[david843346]

Event Management Software Market: Global Demand Analysis & Opportunity Outlook 2035

Research Nester’s recent market research analysis on “Event Management Software Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global event management software market in terms of market segmentation by component, deployment model, organization size, end-user, and by region.

Increasing Adoption of Virtual Events to Promote Global Market Share of Event Management Software

The global event management software market is estimated to grow majorly on account of the increasing preference among enterprises to host virtual events as it helps save time and offers maximum satisfaction to attendees and is anticipated to open lucrative opportunities for event management companies to expand their business. For instance, as per a survey ~ 84% of businesses that hosted virtual events in 2020 admitted that they spent less than when hosting in-person events.  Moreover, the rise in the number of entertainment, gaming, and sports events being organized over the past few years is leading to the rising need for software solutions that can streamline the management of events. All such factors are expected to drive the growth of the market over the forecast period. Hence, the demand for event management software is anticipated to increase in the post-COVID-19 era with most SMEs and large enterprises migrating their IT infrastructure to cloud networks.

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Some of the major growth factors and challenges that are associated with the growth of the global event management software market are:

Growth Drivers:

Increasing Gamification to Engage an Audience, Employees, Students, and Collaborators

Rising Adoption of Advanced Data Analytics Solutions

Challenges:

The high initial cost of event management software and the scarcity of trained and skilled professionals who can bridge the gap between the offerings of the organizers and the needs of the attendees flawlessly are some of the major factors anticipated to hamper the global market size of event management software. Moreover, the lack of event infrastructure due to reluctance in virtual participation post-pandemic is further estimated to restrict the market growth.

By deployment model, the global event management software market is segmented into on-premise and cloud. The cloud segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The rise in the number of people participating in virtual events and the emerging need for centralized organizing, monitoring, control, communication, and feedback, is expected to propel the segment growth. Cloud helps businesses in setting up a centralized control center to arrange, monitor, and coordinate various components of their digital marketing campaigns without having to invest in dedicated IT infrastructure, thereby saving on IT costs and improving the overall cost structure. It further allows enterprises to run multiple marketing campaigns from different locations.

By region, the North America event management software market is to generate the highest revenue by the end of 2035. This growth is anticipated owing to the presence of several key market players, such as Aventri Inc. as well as several small and medium start-ups. The North American region also hosts several events which is also responsible for the growing demand for event management software by event organizers & planners as they are keen to adopt the latest technology that can aid in smooth management and also improve the overall event experience. According to the findings, in June 2018, over 800 music fests were hosted in the U.S. alone, which attracted over 32 million attendees. Hence, the need for efficient management of various such events is anticipated to lead to the adoption of event management software across the region.

Access our detailed report at:

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The global event management software market is expected to grow rapidly at a rate of 14.3% per year throughout the forecast period. In 2023, the market is currently valued at US$ 8,736.6 million.

It is projected that the market value for event management software will reach a peak of US$ 33,347.9 million by the year 2033. Experts from Future Market Insights have analyzed historical data and found that the market has shown an average annual growth rate of 12.1% over time.

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What are the next steps after obtaining an insurance broker license, and how can you generate potential leads using Mzapp CRM software?

Congratulations on securing your insurance broker license! The journey doesn’t end here; it’s just the beginning of building a successful insurance brokerage. Here’s how you can proceed and leverage Mzapp CRM software to find potential leads:

Steps After Getting Your Insurance Broker License

Understand Your Market: Research your target audience (individuals, businesses, or specific sectors).

Develop a Business Plan: Set goals for client acquisition, revenue, and operational processes.

Build a Network: Partner with insurance providers and attend industry events to establish your presence.

Create an Online Presence: Build a professional website and maintain active profiles on social platforms.

Offer Value-Added Services: Educate customers on policies, claims management, and risk assessments.

Using Mzapp CRM Software to Generate Leads

Lead Capture: Utilize Mzapp’s integrated forms and web tracking tools to capture inquiries from your website or social media.

Automated Follow-Ups: Set up personalized email and SMS follow-ups to nurture leads effectively.

Lead Scoring: Prioritize leads based on their interaction history, ensuring you focus on high-potential prospects.

Data-Driven Campaigns: Use analytics to identify what works and launch targeted campaigns.

Seamless Policy Management: Impress leads by showcasing how smoothly you manage policies and claims through Mzapp.

Why Choose Mzapp CRM?

Mzapp CRM simplifies lead management, streamlines operations, and provides insights into customer behavior, making it easier to convert prospects into loyal clients.

Learn more about how Mzapp can transform your insurance business here.

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Revolutionize Your Event Planning with Party Equipment Rental Software

Searching for simple and efficient event rental management software? QMarket's Party Equipment Rental Software streamlines operations and ensures easy access to all your event needs. Our Party rental software Makes your event planning extraordinary - Join us today!

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Sahb Media Services: Pioneering Success in Muscat, Oman

Sahb Media Services, a dynamic media agency based in Muscat, Oman, is proud to announce its remarkable success and ascent in the media services landscape. Sahb Media has swiftly positioned itself as a prominent player, earning a spot among the top 10 media services agencies in Muscat.

Since its inception, Sahb Media Services has been dedicated to transforming brands and narratives through strategic media excellence. The founders, Mohammad Yawar and Aijaz Khan, bring a wealth of experience and a visionary approach to the industry. Their commitment to innovation and client satisfaction has propelled Sahb Media to new heights.

Sahb Media Services is not just a media agency; it’s a creative powerhouse that goes beyond conventional boundaries. The agency specializes in crafting compelling narratives, impactful strategies, and captivating visuals that drive brand growth. Through a blend of creativity, analytics, and passion, Sahb Media has created a niche for itself in the competitive media landscape.

At the core of Sahb Media’s philosophy is the belief that every brand has a unique story waiting to be told. The agency’s approach is rooted in transforming the ordinary into the extraordinary. From igniting social media with compelling content to orchestrating influencer collaborations that turn heads, Sahb Media takes brands on a remarkable journey of growth.

“We are thrilled to witness the success of Sahb Media Services in such a short span. Our journey has been about more than just launching a media agency; it’s been about empowering brands and creating a lasting impact in the digital universe,” says Mohammad Yawar, Managing Director of Sahb Media Services.

Director of Operations Aijaz Khan adds, “Being recognized among the top 10 media services agencies in Muscat is a testament to our team’s dedication and the trust our clients place in us. We look forward to continuing this journey of success and innovation.”

Sahb Media Services offers a comprehensive range of services, mainly in four categories: Marketing, Advertising, Development and Consultancy. This includes social media management, marketing consultancy, advertising, event management, corporate gifting and development services. The agency’s success is marked not only by its rapid growth but also by its commitment to tailoring solutions that meet the unique needs of each client.

For more information about Sahb Media Services and its offerings, please visit www.sahbmedia.com.

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The integration of advanced technologies such as ML & AI with event management software is anticipated to be opportunistic for the market growth...

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Navigating the World of Online Payment Processing

The world of commerce has undergone a remarkable transformation with the rise of e-commerce, and at the heart of this evolution is online payment processing. From purchasing products and services online to managing subscriptions and making digital donations, online payment processing has become an integral part of our daily lives. In this comprehensive guide, we will delve into the intricacies of online payment processing, exploring its significance, the key players in the industry, security measures, and the latest trends shaping the future of digital payments.

The Significance of Online Payment Processing

Online payment processing is the engine driving e-commerce and digital transactions. Its importance extends far beyond the convenience it offers. Here are some of the key reasons why online payment processing is crucial:

Global Reach: It enables businesses to reach customers worldwide, breaking down geographical barriers and expanding their customer base.

Convenience: Customers can make payments and purchases from the comfort of their homes or on the go, making the shopping experience more convenient.

Security: Secure payment processing ensures that sensitive financial information is protected, reducing the risk of fraud and unauthorized access.

Efficiency: The automation of payment processing streamlines financial transactions, reducing manual labor and processing times.

Business Growth: Online payment processing supports the growth of online businesses, enabling them to scale their operations and reach new markets.

Diverse Payment Options: It offers a wide range of payment methods, allowing customers to choose the option that best suits their preferences and needs.

The Key Players in Online Payment Processing

Online payment processing involves several key players, each with distinct roles and responsibilities. Understanding these players is crucial to grasp the intricacies of the payment ecosystem:

1. Merchants

Merchants are businesses or individuals who sell products or services online. They integrate payment gateways into their websites or applications to accept payments from customers.

2. Payment Gateways

Payment gateways are intermediaries that facilitate the transfer of payment data between the merchant and the financial institution. They verify the transaction, handle the encryption of data, and ensure that the payment is securely processed.

3. Acquiring Banks

Acquiring banks, also known as merchant banks, are financial institutions that work with merchants to provide them with the necessary accounts and tools for accepting payments. They play a critical role in authorizing and settling transactions.

4. Issuing Banks

Issuing banks are the financial institutions that issue credit and debit cards to consumers. They are responsible for authorizing transactions initiated by cardholders and ensuring there are sufficient funds for the purchase.

5. Card Networks

Card networks, such as Visa, MasterCard, and American Express, establish the rules and infrastructure that govern payment card transactions. They facilitate communication between acquiring and issuing banks.

6. Customers

Customers are the individuals or businesses making purchases or payments online. They provide their payment information to complete transactions.

Ensuring Security in Online Payment Processing

Security is a paramount concern in online payment processing. As the digital landscape evolves, so do the threats to security. Here are some of the key security measures and technologies in place to safeguard online transactions:

1. Data Encryption

Data encryption ensures that sensitive payment information, such as credit card numbers, remains secure during transmission. Secure Sockets Layer (SSL) encryption is a common technology used to protect data.

2. Tokenization

Tokenization replaces sensitive card data with tokens, which are useless to cybercriminals if intercepted. This adds an extra layer of security to payment processing.

3. Two-Factor Authentication

Two-factor authentication (2FA) requires customers to provide additional verification, such as a one-time code sent to their mobile device, to complete a transaction.

4. Fraud Detection

Advanced fraud detection systems use artificial intelligence and machine learning to analyze transaction data in real-time and identify potentially fraudulent activities.

5. Regular Updates

Payment processing systems should be regularly updated to patch vulnerabilities and ensure that they are up to date with the latest security standards.

6. Compliance with Regulations

Adhering to industry and regional regulations, such as the Payment Card Industry Data Security Standard (PCI DSS), is essential to maintain security.

Trends Shaping the Future of Online Payment Processing

Online payment processing is an ever-evolving field. Several trends are shaping the future of digital payments:

1. Contactless Payments

Contactless payments, made through mobile wallets and near-field communication (NFC) technology, have gained popularity due to their speed and convenience. The use of smartphones for payments is on the rise.

2. Biometric Authentication

Biometric authentication, such as fingerprint and facial recognition, is increasingly used for secure and convenient payment authorization.

3. Cryptocurrency

Cryptocurrencies like Bitcoin are gaining acceptance as a means of payment, offering fast and borderless transactions.

4. In-App Payments

In-app payments within mobile applications provide a seamless purchasing experience for users, making it easier to complete transactions without leaving the app.

5. Enhanced Security Measures

Continual advancements in security measures, including machine learning-based fraud detection and risk analysis, will help reduce the risk of fraudulent transactions.

6. Cross-Border Payments

As businesses expand globally, cross-border payment solutions are becoming more vital. Payment processors are adapting to accommodate international transactions and currencies.

7. Payment Integration

E-commerce platforms and online businesses are increasingly integrating payment solutions directly into their platforms, streamlining the payment process for customers.

Choosing the Right Online Payment Processing Solution

Selecting the right online payment processing solution is crucial for businesses. Here are some key considerations to keep in mind:

1. Integration

Choose a payment solution that seamlessly integrates with your e-commerce platform or website. This ensures a smooth checkout experience for your customers.

2. Security

Security

is a non-negotiable aspect of online payment processing. Ensure that the solution you choose complies with industry standards, such as PCI DSS, and offers robust encryption and fraud prevention measures.

3. Payment Options

Consider the range of payment options the solution supports. The more options you provide, the more accessible your business will be to a broader customer base.

4. Scalability

Opt for a payment processing solution that can scale with your business. As your business grows, the payment solution should be able to handle increased transaction volumes.

5. Reporting and Analytics

Access to reporting and analytics tools can provide valuable insights into customer behavior, transaction trends, and financial performance. Choose a solution that offers comprehensive reporting capabilities.

6. Customer Support

A responsive customer support team can be invaluable in resolving issues quickly and ensuring that your payment processing runs smoothly. Consider the quality of customer support provided by the payment solution.

7. Costs and Fees

Different payment processors may have varying fee structures. Ensure that you understand the pricing model and any additional fees associated with the solution. Consider how the costs align with your business's budget.

8. Reputation

Research the reputation of the payment processing solution. Read reviews, ask for recommendations, and assess its track record in terms of reliability and security.

The Evolution of Online Payment Processing

Online payment processing has come a long way from its early days, and its journey continues. As technology advances and consumer preferences shift, the landscape of digital payments will keep evolving. Businesses that embrace the latest trends and invest in secure and convenient payment solutions are better positioned to thrive in the digital age.

The significance of online payment processing in today's world cannot be overstated. It has revolutionized the way we shop, transact, and do business, making life more convenient for consumers and enabling the growth of countless online enterprises. As we look to the future, the trends in online payment processing, from contactless payments to cryptocurrency, will shape the way we make payments and conduct financial transactions. By staying informed, adapting to these trends, and choosing the right payment processing solution, businesses can ensure a seamless and secure payment experience for their customers and position themselves for success in the evolving digital economy.

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Event Management Software Market

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Boosting Your Bottom Line: Winning Tactics For Small Businesses

Boosting Your Bottom Line: Winning Tactics For Small Businesses Small businesses face numerous challenges in today’s competitive market, and one of the most significant obstacles is maintaining a healthy bottom line. Profitability remains an ongoing concern for small business owners who are often juggling multiple responsibilities to keep their enterprises running smoothly. However, there are…