Event Management Software Market worth 9.28 Billion USD by 2020

1. MarketsandMarkets Presents Event Management Software Market worth 9.28 Billion USD by 2020 http://www.marketsandmarkets.com/Market-Reports/event-management-software-market-136859992.html

2. The 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", the global Event Management Software (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 and in-depth TOC on “Event Management Software Market - Global Forecast to 2020”http://www.marketsandmarkets.com/Market-Reports/event-management-software-market-136859992.html Early buyers will receive 10% customization on this report. 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.

3. 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. The event management industry along with the global trend forecasts have been integrated in this report. The global market has been segmented on the basis of region into North America (NA), Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America (LA) to provide a region-specific analysis in the report. 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. 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.  http://www.marketsandmarkets.com/Market-Reports/event-management-software-market-136859992.html

4. The APAC region is expected to be fastest-growing region in the EMS market. The growth in this region is primarily driven by the growing awareness among the enterprises, especially those from the event management industry. Many APAC countries such as China, India, Japan, Singapore, and Korea are investing heavily and are committed to strengthening and enhancing the infrastructure to accommodate internationally renowned events at a national level. MEA and LA regions are leveraging the benefits of cost effective cloud solution, thereby expected to increase their EMS spending. 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. http://www.marketsandmarkets.com/Market-Reports/event-management-software-market-136859992.html

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