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(I-SoftwareNews.Com, December 08, 2016 ) According to new market research 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", published by MarketsandMarkets, the global 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 pages and in-depth TOC on “Event Management Software Market- Global Forecast to 2020”
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Early buyers will receive 10% customization on this report.
The increasing number of smartphone users, rising budgetary expenditure on events and rapid adoption of the cloud platform are the main drivers driving the growth of the EMS market.
Analytics software to grow at the highest CAGR
With the increase in the demand of meetings, inductions, conferences, exhibitions (MICE), event organizers are trying to implement best-in-class technology that can handle the entire event lifecycle from start to end. 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.Services are expected to grow at a higher CAGR as compared to software segment. Managed services are expected to have the highest growth rate while professional services account for the highest market share in 2015. Analytics software is one of the fastest-growing software in the EMS market.
North America to be the largest revenue generator
The report has been segmented by region: North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. 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. The APAC region is expected to be the fastest-growing region in the EMS market during the forecast period. The market growth in developing regions such as APAC and MEA is due to the rapid adoption of emerging trends such as mobility and cloud. The figure below shows the market share of different regions in 2015 and 2020.
The market is competitive due to the entry of new players with new and innovative offerings. Major vendors in the EMS market space include Cvent, Xing Events, Certain Inc., Ungerboeck, etouches, EventbriteDEA, Active Networks, Lanyon, Zerista, while companies such as RegPoint Solutions, SocialTables, Eventzilla have also emerged as key innovators in this space.
The report provides a picture of growth of the EMS market in various regions and industry verticals. The report aims at estimating the market size and future growth potential of this market across segments such as components, software, services, deployment mode, organization size, verticals and regions. Furthermore, the report also includes in-depth competitive analysis of the key players in the EMS market, with their company profiles, swot analysis, recent developments, and key market strategies.
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About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
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Markets and Markets
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MarketsandMarkets
Mr. Rohan
1-888-600-6441
sales@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
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