Published by mark itwired
Posted on September 17, 2021
4 min readLast updated: February 5, 2026
The event management software market is set to exceed $25 Bn by 2031, driven by cloud deployment and data analytics. SMEs and developed economies lead adoption.
The wide scope of applications of event management software including online payments, online registrations, exhibition management, delegate management, venue selection, live polls, audience response solutions, and sourcing and procurement are expected to drive growth opportunities in the industry. The event management software market is estimated to surpass a valuation of US$ 25 Bn by the end of the forecast period in 2031. Growing use of social media applications, and developments in the field of real-time data analytics will support long term growth in the industry.
“Rising demand for automated solutions amidst event management companies for the simplification of event functionalities on single platform, while reducing operational costs are major factors that are driving developments in the event management software market, especially across developed economies,” says the FMI study.
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Event Management Software Market – Primary Takeaways
Event Management Software Market – Growth Factors
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Event Management Software Market – Major Constraints
Expected Impact on Market by Coronavirus Outbreak
The global covid-19 pandemic has significantly affected the event management software market. Strict lockdown regulations and social-distancing guidelines have resulted in the cancellation or postponement of several high profile international and regional events, which has hurt short term demand.
On the other hand, event management software developers have been leveraging opportunities arising from virtual events and conferences. Such events will continue to gain traction even in the post-covid period, and is likely to positively influence the developments in the industry through the coming decade.
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Competition Landscape
Leading manufacturers operating in the event management software market include but are not limited to Hubilo Technologies Inc., Cvent Inc., Aventri Inc., InEvent Inc., Eventsforce, Ungerboeck, XING Events, Eventzilla, Arlo, Certain Inc., and Eventbrite.
Leading developers in the moderately consolidated event management software market are seeking strategic mergers and acquisitions and product development and launch initiatives to consolidate their market position.
In March 2021, Sumo Logic announced its acquisition of DF Labs with the objective of improving security orchestration, response and automation software for event management. Further, Datto announced the acquisition of BitDam to improve its cybersecurity capabilities for its product offerings. Also, in February 2021, Hubilo Technologies Inc. has revealed a US$ 23.5 Mn Series A funding driven by Lightspeed Venture Partners for product development objectives.
More on the Report
FMI provides detailed actionable insights on the event management software market. The market is segmented in terms of solution (software, services, and support & maintenance), deployment (cloud and on premise), enterprise size (small & medium enterprises and large enterprises), and end user (Event Management Companies, Travel & Hospitality Companies, Corporates, Government, Academic Institutes, and others), across six regions (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).
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The post Event Management Software Market Driven by Investments towards Cloud Deployment for Data Analytics Applications first appeared on Market Research Blog.
The article discusses the growth of the event management software market driven by cloud deployment and data analytics.
The market is expected to surpass $25 Bn by 2031, with cloud deployment and real-time data analytics as key growth drivers.
The United States leads in software adoption, with India and China showing high growth potential.
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