The Event Management Software Market to grow at a CAGR of 7.76% from 2022 to 2027; The increasing adoption of cashless payment methods to boost market growth - Technavio

NEW YORK, Aug. 14, 2023 /PRNewswire/ -- The event management software market is projected to progress at a CAGR of 7.76% from 2022 to 2027. The size of the market is forecast to increase by USD 2,425.09 million during the forecast period. The increasing adoption of cashless payment methods is notably driving market growth. In the past, wristbands and other wearables were used at events to divide attendees into different categories or groups. Moreover, wearables devices are now used during events to distinguish attendees and conduct transactions. Alternatively, attendees can top up a mobile device using a cashless payment system, which they can then use to purchase goods or services at an event. The entire cashless payment process is like Samsung Pay, Apply Pay and Visa Checkout in many ways. The only difference is that prepaid account information, stored in the mobile phone's RFID chip, is used to make transactions instead of a phone number. Additionally, cashless transactions use an expense tracking and balance replenishment app. It also helps attendees limit their event-related expenses. Hence, these factors are expected to drive market growth during the forecast period. For further information on Market growth and size -Request a sample report

Event Management Software Market – Market Dynamics

Major Trends

The emergence of chatbots is a major trend in the market. Artificial intelligence (AI) chatbots are getting popular among event planners as they help in many ways such as answering common questions from attendees, gathering feedback, encouraging interaction, and sending personalized notifications. Any sudden changes in schedule, speaker cancellations, or room changes can be communicated to attendees using the chatbot.

Additionally, chatbots are user-friendly and provide app-like functionality without requiring an app download due to which they can be used at conferences and events. On the other hand, organizers can offer mass customization using chatbots and save time and money. As a result, they can improve the attendee experience and provide organizers with smarter event management tools. 

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Other Key Data Covered in Event management software market report- 

• Detailed information on factors including driver details. 
• Market segmentation by deployment (cloud-based and on-premises), component (software and services), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
• Precise estimation of the event management software market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Comprehensive analysis of factors that will challenge the growth of crowdfunding market companies.
• A thorough analysis of the market's competitive landscape and detailed information about companies
• Growth of the industry across APAC, North America, Europe, Middle East and Africa, and South America
• CAGR of the market during the forecast period

Download Sample Report to get an overview of market size, comparing historic market values with future estimates, analysis of segmentation, current market dynamics, competitive intelligence with key developments and growth strategies of major players

Event Management Software Market - Company Analysis and Scope

Some of the major companies in the event management software market are 5Touch Solution Inc., Arlo Software Ltd., Aventri Inc., Bizzabo, CadmiumCD LLC, Certain Inc., Cvent Inc., Eventbrite Inc., EventGeek Inc., Eventzilla Corp., Fortive Corp., Global Payments Inc., Glue Up, Hubb, MIE Software Pty Ltd., New Work SE, RainFocus LLC, Ungerboeck, Whova Inc., and Zoho Corp. Pvt. Ltd.

Company Offerings

• Certain Inc. - The key offerings of the company include event management software for virtual, hybrid, in-person, and on-demand events.
• Arlo Software Ltd. - The company offers event management software solutions such as conference registration, venue, and room management.
• Eventzilla Corp - The company offers event management software solutions such as timed entry ticketing, real-time dashboard, and customizable registration.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Deployment

7 Market Segmentation by Component

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

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