Event Management as a Service Market to Grow at a CAGR of 11.6% During the Period 2018-2022: Radiant Insights, Inc.

SAN FRANCISCO, September 10, 2018 /PRNewswire/ --

Global Event Management Service Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Event management is the services provided in terms of promotion, planning, presentation or organizing of any sports, arts, business, entertainment, and consultation for organizing other services. The services may include planning, production, management, and post-event. Growing demand for online payment and registration, high demand for digital currencies across the globe, and convenience and efficacy for accepctance of online transaction and registration of events are documented as major factors of Event Management Service Market that are estimated to enhance the growth in the years to come. However, high cost related to the event may restrain overall market growth in the coming years. Event Management Service Market is segmented based on social networking site, end users, and region.

LinkedIn, Facebook, Twitter, and other social networking sites could be explored in Event Management Service in the forecast period. The Twitter sector accounted for the substantial market share of Event Management Service and is estimated to lead the overall market in the coming years. This may be because of rising customer base and allows event management professionals to stay informed on the modern technology, trends, and innovations. The market may be categorized based on end users like individual users, corporate organizations, and public organizations and NGOs that could be explored in the forecast period. The corporate organizations sector accounted for the substantial market share of Event Management Service and is estimated to continue its dominance in the coming years. This may be because of high demand for online payment and registration. The sector includes educational institutes, media organizations, trade shows, associations, and event management agencies.

Event Management Service Market is segmented geographically into Americas (North America, South America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.Globally, North America accounted for the substantial market share of Event Management Service and is estimated to lead the overall market in the coming years. The reason behind overall market growth could be high demand for cloud-based event management services from government organizations and enterprises. The United States is a major consumer of Event Management Service in the region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The developing countries like India and China are the major consumers of Event Management Service in this region.The key players of Event Management Service Market are XING, Certain, Lanyon, Ungerboeck Software, Cvent, Eventzilla, and Etouches. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Access 115 page research report with TOC on "Event Management as a Service Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-event-management-as-a-service-market-2018-2022

The process of organizing an event for a target audience is known as event management. Event management software has a set of features that help organizers plan, execute, and monitor events. In this report, cloud-based event management software is defined as event management as a service.

Radiant Insights analysts forecast the global event management as a service market to grow at a CAGR of 11.6% during the period 2018-2022.

The report covers the present scenario and the growth prospects of the global event management as a service market. To calculate the market size, the report considers the revenue generated from the subscriptions of services provided by event management service providers to end-users.

The market is divided into the following segments based on geography:  

• Americas
• APAC
• EMEA

Global event management as a service market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors  

• Certain    
• Cvent    
• etouches    
• Ungerboeck Software    
• XING    

Market driver  

• Need for reduced total cost of ownership
• For a full, detailed list, view our report

Market challenge  

• Data security issues
• For a full, detailed list, view our report

Market trend  

• Virtual reality in event management
• For a full, detailed list, view our report

Key questions answered in this report  

• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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About Radiant Insights, Inc.: 

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