According to a new market research report " Event Management Software Market by Component, Software, Service, Deployment Mode (On-Premise, Cloud), Organization size, Verticals (Education, corporate, Third-Party Planners, Government, & others), and Region - Global Forecast to 2020", published by MarketsandMarkets, the global EMS market to grow from USD 5.44 Billion in 2015 to USD 9.28 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period.

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"

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 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 market into component, software, service, deployment mode, organization size, vertical and region. The rising budgetary expenditure on events and increasing adoption of cloud platform are expected to drive the growth in the market.

Cloud platform is growing during the Forecast

Cloud platform has gained significant traction among businesses of all sizes over the last 5 years. This popularity is due to its cost-effectiveness, easy deployment ability, high scalability, flexibility of work, and convenient access. This is the biggest factor driving the growth of this market. Large enterprises are deploying their own private cloud, while others are using public cloud for these solutions. The easy accessibility of software on other devices, which the cloud platform provides, increases its usage across all the industry verticals

North America to be the largest revenue generator

The report has been segmented by region: North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. The North American region is expected to continue being the largest revenue generator region for EMS vendors for the next five years, followed by Europe. The APAC region is expected to be the fastest-growing region in the EMS market during the forecast period. The market growth in developing regions such as APAC and MEA is due to the rapid adoption of emerging trends such as mobility and cloud. The figure below shows the market share of different regions in 2015 and 2020.

Key vendors in Event Management

The market is competitive due to the entry of new players with new and innovative offerings. Major vendors in the EMS market space include Cvent, Xing Events, Certain Inc., Ungerboeck, etouches, EventbriteDEA, Active Networks, Lanyon, Zerista, while companies such as RegPoint Solutions, SocialTables, Eventzilla have also emerged as key innovators in this space.

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The report provides a picture of growth of the Event Management Software Market in various regions and industry verticals. The report aims at estimating the market size and future growth potential of this market across segments such as components, software, services, deployment mode, organization size, verticals and regions. Furthermore, the report also includes in-depth competitive analysis of the key players in the EMS market, with their company profiles, swot analysis, recent developments, and key market strategies.

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