Global Event Management Software Market is Projected to USD 9.28 Billion by 2020

Date: 2015-11-24

Rising Budgetary Expenditure and Adoption of Cloud Platform driving the growth
It forecasts the global EMS market to grow from USD 5.44billion in 2015 to USD 9.28billion by 2020, at a Compound Annual Growth Rate (CAGR) of 11.3%. The rising budgetary expenditure on events, proliferated use of smartphones and increasing adoption of cloud platform are the factors driving the growth in this market.

Services to grow at a higher rate during the forecast period
The EMS market is broadly divided into software and service and services are expected to grow at a higher rate. Analytics software is one of the fastest-growing software in the EMS market. Managed services are expected to grow at the highest rate while professional services are expected to account for a majority share in the EMS market in 2015. Deployment and integration services are always in demand for the ease of operation. 

The North American region is expected to be the largest revenue generator region for EMS vendors for the next five years, followed by Europe. This is mainly because of the presence of various developed economies like Canada and the U.S. and because of the focus on innovations obtained from R&D and technology.  The APAC region is the fastest-growing region in the EMS market. The market growth in developing regions such as APAC and the MEA is due to the rapid adoption of emerging trends such as mobility and cloud. MEA and LA regions are leveraging the benefits of cost effective cloud solution, thereby expected to increase their EMS spending.

The report includes the study of key players which includes Cvent, Active Networks, Xing Events, Ungerboeck, etouches, DEA, Certain, Inc., Lanyon and Zerista and other key innovators like RegPoint Solutions, Eventzilla and SocialTables.

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