- Event management solutions are playing a vital role systematic planning, implementation of events, and ensures best possible outcomes.
- Event management solutions facilitates end-to-end management of events, right from the tickets booking and registration, check-in, event promotions and reporting
- These event management solutions are being used for B2B, and B2C events, both
- In the current scenario, events forms an important part of marketing activities, as it helps to connect with the clients directly
- There has been continuous increase in the demand for live events, as the marketers are looking to divert the ways of strictly online experience with the clients into face-to-face interactions.
- Also, explosion of event related technologies and innovations are resulting in continuous growth of live events. Thus boosting the demand for event management solutions.
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Key Drivers of the Event Management Solutions Market
Increased demand for systematic and automated approach by event organizers is expected to drive the demand for event management solutions
- Event managers are actively looking for solutions which can reduce the manual workload and enhance the productivity
- Event management solutions increases automation of various activities, across different stages of an event and ensure maximum outcome
- Event management solutions offers alignment of marketing, sales, finance and IT and various other departments to enhance coordination across various domains.
- Due to these benefits offered by event management solutions, the demand in event management market is expected to grow at a huge pace
Growing need to analyze and report the event outcome is expected to fuel the event management solutions market growth
- Event management solution offers a platform to analyze the outcomes of the event, in terms of number of clients reached, and various other returns being expected from an event.
- Event management solutions provides outcomes in a way, which helps the enterprises to understand success or failure of any event for further improvements.
North America to dominate the global event management solutions market
- North America is expected to account for notable share of the global event management solutions market during the forecast period.
- This dominance is primarily due to the presence of large number of enterprises in North American countries.
- The market in the U.S. is projected to expand at a considerable pace during the forecast period, which in turn is anticipated to drive the event management solutions market in the region.
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Event management solutions market in Asia Pacific to expand significantly
- The event management solutions market is expected to expand at the highest rate in the Asia Pacific region
- This is due to the continuous growth in enterprises and growing trend of event organizing. Also, growth marketing activities by enterprises in this region is expected to drive the demand for event management solutions to a great extent in the forthcoming years.
Event Management Solutions Market – Competition Landscape
The top five players are expected to account for 20% to 25% share of the global event management solutions market. A few of the key players operating in the global event management solutions market include:
- Gather Technologies, Inc.
- Aventri, Inc.
- EventBank, Inc.
- Profit Systems Inc.
- Hubb, LLC
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