Event Management Software Market worth 9.28 Billion USD by 2020
Event Management Software Market categorizes the global market by component, software, services, organization size, deployment mode, and region.
Event Management Software Market
The event management software market size is expected to grow from USD 5.44 Billion in 2015 to USD 9.28 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 11.3% from 2015 to 2020. Continuously increasing expenditure on meeting and events across the entire industry sector is the foremost factor that is driving the need of this market. Also, the proliferated smartphone users, and cloud platform are other drivers behind the increasing EMS market.
The report segments the global market on the basis of components, software, service, deployment mode, organization size, verticals, and regions, along with providing an in-depth analysis and the market size estimations. The components include software and services, which have further been segmented. Analytics software is one of the fastest-growing software in the EMS market. Managed services are expected to grow at the highest rate during the forecast period while professional services are expected to have the highest market share.
Browse 60 market data tables and 47 figures spread through 140 pages and in-depth TOC on “Event Management Software Market - Global Forecast to 2020”
The restraints facing the market are lack of awareness and skilled expertise. There is a severe lack of understanding among employees regarding the benefits of the software in both large enterprises and SMBs. Also, the destinations are too slow in responding to what event planners are requesting. The organizations either do not have enough human, technical, and economic resources or if they do that is not efficient enough or well deployed. The lack of knowledge about the destinations among the planners is another factor which is hampering the growth of this market.