The Event Management Software Market is expected to reach USD 17.67 Billion by 2028, according to a new report by Reports and Data. When compared to in-house planners, event management software is the highly preferred tool for third-party planners as they plan more than a particular concert or show that occur at any time of the year.  Such a considerable responsibility makes the media and entertainment events one of the most complex events to plan, compared to events hosted by several other areas, such as cultural and industrial. Furthermore, downtime in any event organizing method has a disastrous impact on the reputation of the events.

Businesses have quickly moved towards cloud technologies globally in recent times, the primary reason for the large scale acceptance of cloud technologies have been extensive scalability and decreased operational costs offered by cloud services. Tremendous opportunity for growth awaits the market as it is an emerging technology.

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Further key findings from the report suggest

• The Event Management Software Market is estimated to reach USD 17.67 Billion by 2028, at a CAGR of 11.1% during the forecast period.
• Event management software provides a set of traits involving event website, a dashboard for planning networking platform, and event analytics.
• The events industry is stepping into the future with certain innovations already on their way to becoming mainstream. Events are now quite a tech-driven affair.
• The application in education segment is anticipated to grow at the highest rate of 11.4% during the forecast period.
• The emergence of mobile applications for event management keeps speakers, planners, and attendees up to date on everything. Starting from the program and the location of specific sessions and meetings to last minute adjustments and schedules, the Event Management Software software keeps track of everything.
• These applications enable attendees to obtain a list of sessions with matchmaking opportunities, live polls, speaker bios, and other information.
• The cloud deployment is estimated to reach USD 4.58 billion by 2028. Due to several benefits, such as high computing speed, scalability, cost-efficiency, and decreased expense on Information Technology (IT) infrastructure, the cloud deployment is expected to grow higher.
• By software, the Event Registration and Ticketing Software segment accounts for the largest share of 30.8% in 2020.
• Europe is forecast to be the fastest growing market with the highest rate of 11.4% during the forecast period.
• Various players are developing strategies to mark their presence in the industry.
• Certain acquired Gather Digital in Dec 2017.
• Gather is a mobile event application suitable for associations, enterprises, and educational institutions.
• Certain extended its mobile-development and data-integration capabilities with this acquisition.

Key companies profiled in the report include:

Whova,  Active Network LLC, Etouches, Lanyon Solutions Inc., Regfox LLC, Certain Inc., Eventbrite, Ungerboeck Software International, Pulse Network, Cvent Inc., Aventri,  Cvent, Eventbrite, Xing Events, Arlo, Attendify, Bizzabo, Eventbank, Eventbooking, Eventgeek, Eventmobi, Eventpro, Eventuosity, Eventzilla, Gather Technologies, Hubb, Meeting Evolution, Regpack, Signupgenius, Social Tables, Ungerboeck Software.