North America Event Management Software Market
No. of Pages: 179 | Report Code: TIPRE00007115 | Category: Technology, Media and Telecommunications
No. of Pages: 179 | Report Code: TIPRE00007115 | Category: Technology, Media and Telecommunications
The North America event management market is accounted to US$ 1.82 Bn in 2018 and is expected to grow at a CAGR of 12.6% during the forecast period 2019 – 2027, to account to US$ 5.12 Bn by 2027.
The government has increased their budgets, and, alongside, their demands have raised, these factors have facilitated the growth of a professional industry for event management. Currently, events have been used as a new form of tourism; it helps to gather visitors to an area and bring economic benefits. Due to the growing events industry in the region, marketers are looking for appropriate tools to track their event programs from end to end. Nowadays, with the rising investment in events, and the development of technology and data, businesses are highly focused on adopting event management software to plan and manage their business events. This has led to increase in the growth of North America event management market. As a result of this, the number of event management companies in these countries are expected to increase significantly. These factors are positively impacting on the growth of North America event management market.
Strategic insights for the North America Event Management Software provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Event Management Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas. Lucrative Country Markets
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Report Attribute
Details
Market size in 2018
US$ 1.82 Billion
Market Size by 2027
US$ 5.12 Billion
Global CAGR (2019 - 2027)
12.6%
Historical Data
2016-2017
Forecast period
2019-2027
Segments Covered
By Solution Type
By Application
By End User
Regions and Countries Covered
North America
Market leaders and key company profiles
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Market Insights
Integrating Artificial Intelligence with Event Management Software are having a Significant Impact on the North America Event Management Market Growth
All the key industries across are a globe, including media & entertainment, government, educational institutes, and others, are embracing and investing in disruptive technologies such as artificial intelligence, IoT, big data, and predictive analytics, among others. This adoption is driven by the successful uses cases of AI, which resulted in increased operational efficiency, better sales revenue, and improved customer experiences. Vendors are upgrading their solution by integrating AI technology for better understandings of customers and to increase its sales by AI capabilities, which is influencing the North America Event Management market to prosper during the forecast period.
Adoption by Small and Medium-sized Enterprises (SMEs) will offer future growth opportunity for the North America Event Management market
Presently, most of the customers of event management software belongs to large enterprises, mainly due to complex large scale operations and fast adoption of advanced solutions by large enterprises. Large enterprises are at the forefront of digital transformation to improve operations. However, small and medium-sized enterprises are still in the initial phases of adopting the latest technology trends. Some of the major reasons behind this slow adoption by SMEs include lack of resources and lack of awareness about the potential benefits of digital transformation. Hence, SMEs offers a huge growth opportunity for players operating in the event management software market. In order to tap this potential segment, companies are investing in marketing activities to spread awareness and generate interest in small scale businesses. Thus, creating huge opportunity for the North America Event management Market in the forecast period.
North America Event Management Market : Solution Type Segment Insights
Event management solutions automate and simplifies the planning process and are also used for the management of academic as well as professional events such as conferences, trade exhibitions, and others. This solution also helps in saving time and money by centralizing all the tasks included in an event management process. Furthermore, developments in the cloud-based services have increased the demand for cloud-based event management software. Thus, it is anticipated that the software type segment will increase in the coming years as well as drive the North America Event Management market.
North America Event Management Market : Application Segment Insights
The North America Event Management market by application is segmented into event planning, event marketing, venue and ticket management, reporting and analytics, and others. The adoption of advanced technological software for the management of events has resulted in increasing demand for these software. The presence of latest innovative tools for analyzing, and suggesting best possible way to have a measurable return on investment (ROI) for the efficient and reliable process to carry out the event are likely to bolster the North America event management software market during the forecast period.
Strategic insights for the North America Event Management Software provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 1.82 Billion |
| Market Size by 2027 | US$ 5.12 Billion |
| Global CAGR (2019 - 2027) | 12.6% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Solution Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
The geographic scope of the North America Event Management Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
New market initiatives were observed as the most adopted strategy in the North America Event Management market. Few of the recent market initiatives in the North America Event Management market are listed below:
2019:
Attendify partnered with American Express GBT’s division, American Express Meetings & Events to enhance attendee engagement.
2018:
Aventri released new updates for its mobile event apps. The new updates include advanced analytics as well as the support of facial recognition and fingerprint technology.
2017:
EventBrite acquired Ticketfly, a ticketing platform from Pandora. The acquired company is focused on offering platform dedicated to music venues and promoters.
NORTH AMERICA EVENT MANAGEMENT MARKET SEGMENTATION
The List of Companies
The North America Event Management Software Market is valued at US$ 1.82 Billion in 2018, it is projected to reach US$ 5.12 Billion by 2027.
As per our report North America Event Management Software Market, the market size is valued at US$ 1.82 Billion in 2018, projecting it to reach US$ 5.12 Billion by 2027. This translates to a CAGR of approximately 12.6% during the forecast period.
The North America Event Management Software Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Event Management Software Market report:
The North America Event Management Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Event Management Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Event Management Software Market value chain can benefit from the information contained in a comprehensive market report.
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