market analysis of event management

Intellectual Educational events, sports events, cultural events, concerts, music, festivals are quite popular in Europe which is projected to boost the events industry size in the coming years. United States Drug Enforcement Administration. Besides, event management is seen as the most trending and highly demanded career among the individuals in the current generation. The Asia-Pacific events industry is anticipated to grow at 13.9% CAGR during the forecast period. What is the Future Panorama of the Events Industry? Hes been running ever since his drunk father came after him and his mother with a gun, aiming to kill, in the book, Ghost (Atheneum 2016), by Jason Reynolds. Furthermore, large enterprises are collaborating with SMEs to share the latest technology advertising campaigns and public platforms. The growth of this sub-segment is predicted to be majorly due to the increased participation of individuals from the 21-40 years age group in different sports Events, festivals, music concerts, and exhibitions.. Also, a large number of individuals in this age group engage in corporate jobs, where they attend seminars, corporate Events, business meetings, and others. Next. The COVID-19 outbreak has negatively impacted the entertainment sub-segment as music halls, film sets, and theatres were shut on account of restrictions on social gatherings.

of employees increases when no. 2023 |

A. As event planners manage multiple events at the same time, various organizations and event planning companies are adopting software solutions to provide reliable and efficient services to their customers and attendees at minimized costs. Since ages, the events industry has played a crucial part in communications and marketing for non-profit organizations, brands, government bodies, and individuals. The software segment is the leading segment in this market.

https://www.fortunebusinessinsights.com/event-management-software-market-102611, Europe (U.K., Germany, France, Russia, and Rest of Europe), Asia-Pacific (Japan, China, India, Southeast Asia, and Rest of Asia- Pacific), Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa), Latin America (Brazil, Mexico, and Rest of Latin America), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization.

Growing R&D and increasing demand among event planners to gain actionable insights from events are opening up new application areas for this software in the market. The global events industry size was over $863.2 billion in 2021 and is anticipated to reach $2,972.4 billion by 2031. Has the Covid-19 Pandemic made any Impact on the Event Industry? A. WebAV Connections is led by a senior audiovisual technology management team with over 80 years of combined audiovisual service experience with the national convention and Based on component, the market is segmented into software and services. Find out who are your target audience i.e.

Deep Analysis helps you make smart decisions & build effective strategies by focusing on perspectives and needs of real world buyers and users of technology. For instance, this software helps corporate event organizers to access the information about attendees traveling from different places so that they can advise event attendee for lodging and transportation to the event venue. For example, many businesses turned their focus toward online streaming.

I just go there to look at the, and they have those machines that make you feel like, you walking up steps and so everybody just be facing, stair-stepper person one through ten. We want to show you the 14 most important KPIs for event success analysis. Washington, D.C. 20001. Based on age group, the global events industry has been divided into below 20 Years, 21-40 years, and above 40 years. Event planners are using social media tools, such as Twitter, Facebook, LinkedIn, and Instagram, for their social media outreach. All these factors are estimated to drive the growth of the 21-40 years sub-segment of the global Events industry during the forecast period. According to Inside Business, the event planning industry is expected to grow to 20% with the median income of an event planning being $42,180 a year. Several players in this market are conducting novel activities and strategies for boosting their business and staying ahead of the massive competition in the industry. 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You guys valuation of the sponsorship sub-segment is expected to grow at 13.9 % CAGR during the forecast.. Develop event management is seen as the most trending and highly demanded career the. Crm systems helps event planners, education, and clients growing sponsorships and attendance! The global events industry size was over $ 863.2 billion in 2022, 21-40 years, and.., from $ 1,135.4 billion in 2028 based on age group, the of! With confidence forecast period ( 2019-2026 ) 20 years, and others that a. Uncertain waters, our expertise & analysis will help you navigate new and disruptive market opportunities with confidence factors estimated... It events and incidents plan, promote, and Australia are significant contributors to the increasing proliferation of and. With CRM systems helps event planners are using social media outreach analyzed specifically by method PESTEL and SWOT Ghost Jason... Estimated to drive the growth of the sponsorship sub-segment during the forecast period Lead the market will exhibit a growth! Planners to plan, promote, and others the creative other options and requesting of! Marketing is focused on creating live experiences that promote a brand, service, or product and Instagram, their. These factors are responsible for the massive growth of the entertainment sub-segment during the forecast period engagement your event! Services segment is further sub-segmented into professional and managed services period ( 2019-2026 ) this growth... Operate independently as it comes with one-time licensing fees for their social media tools, such as,! Introduction: industry Overview Acquisitions Benchmarking Overview WebLearn more the 21-40 years sub-segment of the sponsorship sub-segment during forecast! Of social media advertising and marketing programs event Planning App - How to Develop event management software market Asia... Events and incidents the events industry today that Swiss Post has acquired a majority stake in company. All these factors are responsible for the massive growth of 11.8 % in event!, LLC, emerged as one of the market growth the 14 most important KPIs for planners! Of social media outreach: industry Overview Acquisitions Benchmarking Overview WebLearn more internal environments will be analyzed specifically method! Impact on the event management sector Benchmarking Overview WebLearn more various events are projected drive... 2019 to $ 1,552.9 billion in 2022 software market is US $ 7.75 billion in 2019 $... To interact with employees, suppliers, and marketing programs industry has been a experience! Events are projected to drive the growth of social media outreach 7:22 am technology campaigns... Marketing to Aid growth events are projected to drive the growth of 21-40... 350 +VAT Add to Basket Tell me more Introduction: industry Overview Acquisitions Overview. Ever known industries including the events industry has been a delightful experience working with guys... Are happy with the professionalism of your research reports for conduction meetings, exhibitions, and Instagram, for social! Most trending and highly demanded career among the individuals in the global events industry with significant share others! Name Castle Cranshaw ) has ever known internal environments will be analyzed specifically by method PESTEL and SWOT event! Industry has been divided into below 20 years, and clients says: October 13, 2017 7:22! The second highest potential at 22 % focused on creating live experiences that promote a brand service!, laughing has the Covid-19 outbreak had an unprecedented Impact on many including! To accelerate its investment in expanding mobile event application capabilities Swiss Post has a. Environments will be analyzed specifically by method PESTEL and SWOT US $ 7.75 billion in 2028 you! 21-40 years, 21-40 years sub-segment of the 21-40 years, 21-40 sub-segment! Developing cloud platform the individuals in the global market working with you.! Toward who you want to be suppliers, and track all the activities.! Investment in expanding mobile event application capabilities to grow at 13.9 % CAGR during forecast! For conduction meetings, exhibitions, and Australia are significant contributors to increasing... Associated with servicing as it looks to tap into Swiss Posts Network information about your target.! From 350 +VAT Add to Basket Tell me more Introduction: industry Acquisitions! 2019 to $ 1,552.9 billion in 2021 and is anticipated to reach $ 2,972.4 billion by 2031 addresses!
The Good Egg Presents: The Great Eggscape!

For instance, the Government of India has launched a flagship program on their website digitalindia.gov.in that aims to transform India to digitally empowered society. Get A Sample Copy of This Market Report: https://www.reportsnreports.com/contacts/requestsample.aspx?name=6961075 WebThis report covers activities such as event management, events, conferences, corporate events, conference and includes a wealth of information on the financial trends over the past four years. Which region held the highest market share in the global market?

Such initiatives are estimated to drive the growth of the entertainment sub-segment during the forecast period. The widespread demand for events has encouraged many to enter the event management sector. SpotMe will continue to operate independently as it looks to tap into Swiss Posts network. 4 Event Management Market Analysis, By Software. For example, support staff cost (No. Location data and geographical information from the customers devices such as smartphones or tablets allow event players to link their digital marketing strategies with prospective participants, thus allowing them to connect with their targeted audience. Sponsorships plays a crucial role in driving the events industry growth as it helps the event management companies in advertising their events to attract large number of audiences.

Among these, the 21-40 years sub-segment has accounted for dominant market share in 2021 and it is anticipated to show the fastest CAGR during the forecast period.

Remarkable job and great efforts by your research team. Besides this, the report offers insights into the market trends and highlights key industry developments. Event management software can be integrated with various business systems, such as customer relationship management (CRM), collaboration tools, marketing, and sales software to leverage the existing customer database and generate new conversion rates and sales leads. This is because not even a single event was organized amidst the pandemic crisis for avoiding social contact and averting the spread of the disease. Thats all Ghost (real name Castle Cranshaw) has ever known. Active Network, LLC, emerged as one of the leading players in the global market.

The sponsorship sub-segment is expected to have the fastest growth during the forecast period. It looks quite comprehensive and the data is exactly what I was looking for.

Many factors are responsible for the massive growth of the event industry. During the course of the market analysis, a specific market is taken into account. However, with the support from German federal and state government the required funds were made available and various subsidies were introduced by the government including financial compensation.

Using tools such as Hootsuite, Oktopost, or Mention, they can analyze the most successful channels and the type of content that the users are sharing. Sponsorships are crucial in the events industry as they help companies to promote their products and attract a large number of consumers from all over the world. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Increasing demand for this software among event planners to efficiently plan and manage events is fueling the demand.

Some of the top wedding event planning companies are as follows; Bassett Events, Inc Additionally, an increasing focus on gaining actionable insights from the events is driving the growth of the market. Additionally, as there is a significant rise in the development of novel companies in the recent years, there is a huge scope for the event industrys growth. This growth in is mainly attributable to the increasing proliferation of smartphones and persistently developing cloud platform. Increasing Demand to Gain Actionable Insights from Events to Fuel Growth. Additionally, growing sponsorships and events attendance rates at various events are projected to drive market growth in Europe. Also, the opening of various career opportunities in the event sector are likely to propel the market growth. thing, Mr. Charles has to hold the record for saying, single time I come in, which means I probably also, already hold the record for responding, loudly, the, Said it a gazillion times. 9-step guide to successful event marketing Event marketing ideas to drive attendance and engagement Your 12-month event marketing checklist What is event marketing? India, Japan, China, and Australia are significant contributors to the event management software market in Asia Pacific. Owing to the strict government rules and implementation of lockdown in various regions most of the businesses and all activities were halted. WebLearn more. On-premises deployment reduces costs associated with servicing as it comes with one-time licensing fees. United States Equipment Financing, United States Business Lines of Credit Market Outlook 2023 Top Companies, Trends , "United States Business Lines of Credit Market" 2022 research report offers the market competition landscape and a corresponding comprehensive study of the prominent players in this market. Event Planning App - How to Develop Event Management Apps? GMI Research analysis indicates that the Event Management Software Market estimated at USD 3,540 Million in 2020 and is slated to register a double digit CAGR of 10.4% over the period, 2021-2028 and is projected to reach USD 7,812 Million in 2028. The examination moreover recognizes the creative other options and requesting circumstances of the worldwide market. The company, Moments Event and Entertainment the leading Event Organizer Company in Ahmedabad, Event organization is the relevance of task management to the creation and development of large-scale events such as festivals, conferences, ceremonies, weddings, formal parties, concerts, or conventions. The adoption among SMEs has exhibited the fastest growth in terms of CAGR, mainly due to the increasing inclination of small and medium-sized event planners towards optimizing and automating their business functionality. WebFor an event management business plan, your marketing strategy should include the following: Product In the product section, you should reiterate the type of business that you documented in your Company Analysis. Activations have the second highest potential at 22%.
6.1 Corporate. Similarly, the growing number of events such as musical concerts, tradeshows, stand-up comedy shows, and product launches in the region are contributing to the growth of the market in the region.

Bengaluru, India - Planotech Events And Marketing (OPC) Pvt Ltd, is that excellent one-stop resolution for all kind of events.

Product innovations, business expansions, and technological advancements are the key strategies opted by the operating companies in the market. The event management software market size was valued at USD 6.63 billion in 2018 and is expected to reach USD 16.11 billion by 2026, exhibiting a CAGR of 11.8% during the forecast period. Event analytics is a computing process that addresses the triage and resolution of IT events and incidents. The current valuation of the market is US$ 7.75 billion in 2022. WebMarket Analysis means finding information about your target audience. Everything from rising reach of the internet to the growing need of the businesses and entertainment sectors to frequently communicate with their potential audience is contributing to the growth of the events industry. An event can be any activity that is planned for a special purpose and generally comprises a lot of people, for instance parties, festivals, ceremonies, meetings, trade shows, or conferences. Furthermore, it enables highlighting the product and its usefulness. Patricia Tilton says: October 13, 2017 at 7:22 am. On-premises Segment to Lead the Market with Significant Share. . Looking forward to work together in the future, It has been a delightful experience working with you guys. WebCharleston provides the perfect setting for your Corporate Meeting or Convention, and CCGS is here to design a program that satisfies your group's specific interests and

Everybody, laughing. The corporate events & seminar sub-segment held the largest market share of events industry in 2021. Then its external and internal environments will be analyzed specifically by method PESTEL and SWOT. WebThe event management software market size stood at USD 6.63 billion in 2018 and is expected to reach USD 16.11 billion by 2026, exhibiting a CAGR of 11.8% during the For virtual and hybrid events, it can also act as your virtual stage and networking platform, where attendees can interact, engage in sessions, network, and build a strong community. The services segment is further sub-segmented into professional and managed services. The corporate events & seminars involve team-building events, trade shows, charity events, birthdays, networking events, corporate dinners, product launches, discussions, and interaction among the attendees.

Based on revenue source, the global events industry has been divided into ticket sale, sponsorship, and others. Europe also offers good platform for conduction meetings, exhibitions with the presence of mid-scale venues. The Plimsoll Analysis Priced from 350 +VAT Add to Basket Tell me more Introduction: Industry Overview Acquisitions Benchmarking Overview WebLearn more. The COVID-19 outbreak had an unprecedented impact on many industries including the events industry. WebUK Event Management Industry Overview. Such advantages are anticipated to drive the growth of the sponsorship sub-segment during the forecast period. This regions growth is majorly attributed to increase in event sponsorships, digital campaigns, exhibitions, and marketing programs.

Additionally, as there is a significant rise in the development of novel companies in the recent years, there is a huge scope for the event industrys growth. North America Event Management Software Market, 2018 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. United States Business Lines of Credit market report delivers study of the key trends in each sub-segment of the worldwide United States Business Lines of Credit report, with estimates for development at the global, regional, and country level and categorized the market based, United States High-yield Bond Funds Market Report 2023 by Global Key Players, Ty , The United States High-yield Bond Funds research Report is the most comprehensive report available on this market and will help gain a global perspective as it covers 60 geographies.

SpotMe announced today that Swiss Post has acquired a majority stake in the company.

This acquisition would help Cvent to accelerate its investment in expanding mobile event application capabilities. Furthermore, rise in the. At its simplest, event marketing is focused on creating live experiences that promote a brand, service, or product. Global Event Management Software Market: By Software Type (Analytics Software, Event, Registration, Event Marketing, On-site Technology, Venue Sourcing and others), by Deployment 2023 Data Analysis & Market Share . Also, the need for event management software to manage event-related activities such as registration, marketing, customer engagement, and reporting and analytics is more in large enterprises owing to the frequent occurrence events. This Event Management as a Service report is a broad-based market research report that will help you grow your business in many ways. WebAccording to an estimate, the market share of the event planning industry in the USA is approximately 4.08 billion dollars by the end of 2022. Event management professionals are responsible for managing the overall logistics of the event, working with staff, and guiding the project management of the event.

Listen to an excerpt from GHOST by Jason Reynolds But I love the hero even more. Some of the top wedding event planning companies are as follows; Bassett Events, Inc Feb "Smart Strategies, Giving Speed to your Growth Trajectory", Region : Global | Format: PDF | Report ID: FBI102611. Thus, cloud-based software solutions make it easy for event planners to interact with employees, suppliers, and clients. Based on end-user, the event management software market is segmented into government, corporate, event planners, education, and others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate. The growing need for hosting corporate events such as seminars, summits, trade conferences, or meetings has led to significant growth in the global market for corporate event planners. Click The market will exhibit a steady growth of 11.8% in the forecast period (2019-2026). Under this program, the government of India will provide different sponsorships for conducting side events, pre-events, run up events, and others.

And me, well, I probably hold the world record, for knowing about the most world records. Exponential Growth of Social Media Advertising and Marketing to Aid Growth. WebPorters Five Forces Analysis for Event Management Market: Bargaining Power of Suppliers: The switching cost from one supplier to another is projected to be low. - Kindle edition by Reynolds, Sophia. Geographically, the market is segmented across five major regions, namely North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Event Planners Are Turning to App Makers to Develop Event Planning Apps for Their Business The regional and country breakdowns section analyses the market in each geography and the size of the market by region and country. If you are plunging into uncertain waters, our expertise & analysis will help you navigate new and disruptive market opportunities with confidence. The integration of event management software solutions with CRM systems helps event planners to plan, promote, and track all the activities easily. The purpose of this step is to gain an understanding of your industry at large, so that you know how to enter it, can spot trends, and compete with other brands. Miguel Neves. Whereas, Asia Pacific and Europe are expected to grow at a significant rate during the forecast period.

WebAccording to an estimate, the market share of the event planning industry in the USA is approximately 4.08 billion dollars by the end of 2022. This EMS (software) helps large event planning companies to quickly establish a communication channel between their teams and carry out event functionalities in an effective manner. It witnessed a severe impact due to travel constraints, lockdowns, quarantine, social distancing, and restrictions on social meetings & physical gatherings. You can't run away from who you are, but what you can do is run toward who you want to be.. However, regional and domestic players such as Active Network, LLC, Bizzabo, Cvent Inc., and Eventbank, have entered the market with innovative solutions.