Global Cloud Based Event Management Software Market Size By Deployment Model, By Type of Event, By Features and Functionality, By Geographic Scope And Forecast

Cloud Based Event Management Software Market Size and Forecast

Cloud Based Event Management Software Market size was valued at USD 5.97 Billion in 2023 and is projected to reach USD 16.33 Billion by 2030, growing at a CAGR of 11.5% during the forecasted period 2024 to 2030.

Global Cloud Based Event Management Software Market Drivers

The growth and development of the Cloud Based Event Management Software Market drivers. These factors have a big impact on how Cloud Based Event Management Software are demanded and adopted in different sectors. Several of the major market forces are as follows

• Scalability and Flexibility Depending on the size and complexity of events, cloud-based event management software enables organisations to scale up or down their event operations. Its scalability is very helpful for companies with different event requirements.
• Economic Efficiency Using cloud solutions eliminates the need to make large initial investments in infrastructure and hardware. A pay-as-you-go strategy can help organisations by reducing capital expenses and enabling more predictable budgeting.
• Accessibility and Cooperation Anywhere with an internet connection can use cloud-based event management tools. This makes it easier for participants, stakeholders, and event organisers to work together no matter where they are physically located.
• Real-time Updates and Communication Event planners can make quick adjustments, communicate information, and interact with attendees easily thanks to cloud platforms’ real-time updates and communication features.
• Event Analytics and Insights Analytics technologies that assist organisers in obtaining information about participant behaviour, engagement metrics, and overall event performance are frequently included in cloud-based solutions. This data-driven strategy helps to promote ongoing development.
• Globalisation of Events By offering a centralised platform for administering events across many locations and time zones, cloud-based event management software contributes to the globalisation of events. This is especially important for events that are hybrid or virtual.
• Integrated Ticketing and Registration Cloud platforms make it easier for attendees and organisers to register for events by providing integrated ticketing and registration options. This could improve the experience of attendees as a whole.
• Automation and Efficiency Automation functions are a common component of cloud-based event management software. These features help to streamline repetitive operations like reporting, communication, and registration. This results in more effective preparation and implementation of events.
• Mobile Accessibility Cloud solutions may be accessed using mobile applications and web browsers, which accommodates the growing trend of event management using mobile devices. Participants may interact and obtain event information with ease using their smartphones.
• Capabilities for Hosting Hybrid and Virtual Events It is now essential to be able to hold hybrid and virtual events, particularly in reaction to international events that restrict in-person gatherings. Virtual and hybrid event planning and execution are supported by cloud-based systems.

Global Cloud Based Event Management Software Market Restraints

The Global Cloud Based Event Management Software Market has a lot of room to grow, but there are several industry limitations that could make it harder for it to do so. It’s imperative that industry stakeholders comprehend these difficulties. Among the significant market limitations are

• Data Security and Privacy Concerns In spite of strong security protocols, worries over the confidentiality and security of event-related data kept on cloud servers could be a limitation. Organisations may be wary about sensitive information, particularly in highly regulated industries.
• Integration Difficulties There may be difficulties integrating cloud-based event management software with current platforms, such as ERP or CRM (customer relationship management). Seamless integration is vital for a cohesive event management process.
• Reliance on Internet Access The effectiveness of cloud-based solutions is significantly reliant on internet access. Unpredictability or interruptions in the internet can affect participant engagement, real-time communication, and event management as a whole.
• Customisation Restrictions The ability to customise certain cloud-based event management software to satisfy intricate and particular event needs may be limited. Customisation possibilities provided may pose constraints for organisations with distinct event requirements.
• Competition from On-Premises systems Because of ongoing infrastructure investments or data control issues, some organisations may still favour on-premises event management systems. The perceived benefits of on-premises solutions could put cloud-based services in competition.
• Long-Term Cost Concerns Although cloud solutions frequently save money up front, businesses may worry about the recurring expenses linked to subscription-based plans. The cost of a subscription may go up as use and event complexity rise.
• Resistance to Change Teams and event planners used to conventional approaches could be reluctant to embrace cloud-based alternatives. One of the challenges of adopting new technologies is the learning curve.
• Limited Offline Functionality Because cloud-based solutions usually require internet connectivity, their lack of offline functionality can make some event management tasks more difficult in circumstances where dependable internet access is not guaranteed.
• Regulatory Compliance Adherence to data protection laws and industry-specific rules is essential. Event organisers in industries with stringent regulations may find it difficult to guarantee complete compliance.
• Vendor lock-in worries Companies may be concerned about being forced to use a particular cloud service provider, which would make it more difficult for them to move to other solutions or providers.

Global Cloud Based Event Management Software Market Segmentation Analysis

The Cloud Based Event Management Software Market is segmented on the basis of Deployment Model, Type of Event, Features and functionality, & Geography.

Cloud Based Event Management Software Market, By Deployment Model

• Public Cloud Software for event management hosted on external cloud infrastructure that may be accessed by numerous organisations. provides affordability and scalability.
• Private Cloud Dedicated cloud infrastructure that offers better security and control to a single organisation. Ideal for companies with strict compliance guidelines.
• Hybrid Cloud This combines private and public cloud environments, enabling businesses to use either or both depending on their unique requirements.

Cloud Based Event Management Software Market, By Type of Event

• Corporate Events Software made for organising and supervising business gatherings like meetings, workshops, product introductions, and team-building exercises.
• Social Events Designed with tools for guest management, RSVPs, and venue scheduling, this platform is ideal for social events like weddings, parties, and community get-togethers.
• Academic Events Abstract submission, speaker management, and session scheduling are just a few of the administrative solutions offered for academic conferences, seminars, and workshops.
• Trade fairs and Exhibitions Industry expos, trade fairs, and exhibitions may all be planned and coordinated with the help of specialised software.

Cloud Based Event Management Software Market, By Features and Functionality

• Ticketing and registration software that has a lot of capabilities for processing payments, registering attendees, and issuing tickets.
• Attendee Engagement Solutions that improve attendance through interactive seminars, live polling, and networking opportunities.
• Speaker and Agenda Management Programmes that offer features for effectively organising speakers, sessions, and agendas for events.
• Exhibitor and Sponsor Management Systems that make booth allocations, sponsorship monitoring, and exhibitor and sponsor coordination easier.
• Analytics and Reporting Analytics-enabled solutions for monitoring participant engagement, event data, and overall performance.

Cloud Based Event Management Software Market, By Geography

• North America A noteworthy market segment because of the region’s early embrace of cloud computing, high volume of events, and technologically advanced business climate.
• Europe Nations in Europe that prioritise the use of technology in event management and have a robust events sector.
• Asia-Pacific Growing uptake in nations such as China and India due to increased digitalization and an increase in events.
• Latin America Developing nations there are adopting cloud-based event management technologies.
• Middle East and Africa Cloud-based technologies are becoming more widely recognised and used across the Middle East and Africa to facilitate effective event planning.

Key Players

The Major players in the Cloud Based Event Management Software Market are

• Cvent (USA)
• Eventbrite (USA)
• Bizzabo (USA)
• Accelio (USA)
• EventMobi (USA)
• Aventri (USA)
• Hopin (UK)
• Onlive (USA)
• Whova (USA)
• Glue (USA)

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