Event Management Software Market Trends 2022 | Segmentation, Outlook, Industry RePort to 2032
A recent market study published by Future Market Insights on the event management software market includes a global End-user analysis for 2016-2020 and prospect examination for 2021-2031 and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current development parameters, the development prospects of the market are obtained with maximum precision.
Future Market Insights (FMI) has stated that the global event management software market is expected to rise steadily at a CAGR of 14.1% during the forecast period of 2021 to 2031. Event data is indispensable for event organizers since it helps them monitor social media engagement and attendance to measure the overall success of any event.
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COVID-19 Paved Way for Growth
The health concerns are increasing around the world and causing significant business impact due to the ongoing COVID-19 pandemic – particularly when it comes to delivering events. Since the onset of the epidemic, most events were either cancelled or postponed. Major conferences such as Mobile World Congress and the HIMSS Global Healthcare Conference & Exhibition are even getting cancelled due to the pandemic situation.
Key Takeaways of Event Management Software Market Study
· The cloud based deployment to grow 4.0x of the current market value by the end of 2031
· Increasing penetration of IoT and real-time analytics will drive growth in U.S., enabling it to account for a little below 65% of North America market in 2021
· Double-digit y-o-y growth at over 10% will seal U.K.’s position as a lucrative market within Europe
· Increasing number of events organized in Germany and France, will drive Europe event management software market
· Within East Asia, Japan and South Korea are expected to emerge as strong markets, exhibiting double-digit growth
Rising Demand for Mobile Event Management Applications
The usage of applications is increasing at a tremendous rate with each day passing, and various apps are being considered crucial for most businesses. The event apps are making things quicker, easier and more interactive to the event industry. The increase in the engagement of interactive mobile event applications has been emerging as one of the biggest event trends. Thus users are demanding more event applications offering better quality and services.
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Competitive Landscape
Companies are partnering with key technology players to expand their product portfolio. They are focusing on entering into partnership with other businesses that offer complementary products, services, and technologies, which strengthen its market coverage and enhance its technological capabilities. This strategy has enabled the company to quickly grow into a global provider that offers end-to-end capabilities and leverages its best-in-class solutions, with an aim to deliver high-quality services.
· Cvent Inc.
· InEvent, Inc.
· Ungerboeck
· Eventzilla
· Certain, Inc.
· Eventbrite
· Arlo
Event Management Market by Category
Solution
· Software
· Services
· Support & Maintenance
Deployment
· Cloud
· On-premise
Enterprise Size
· Small & Medium Enterprises (SMEs)
· Large Enterprises
End User
· Event Management Companies
· Travel & Hospitality Companies
· Corporates
· Government
· Academic Institution
· Others
More info@https://www.futuremarketinsights.com/reports/event-management-software-marketThe global Skills Management Software Market was valued at US$ 328.5 Mn in 2021 and is expected to reach US$ 800 Mn by 2032, find Future Market Insights (FMI) in a recent market survey. As per the findings of the report, Large Companies, among all other companies will garner significant demand in the market as the bulk of revenue will be generated through them.
The need to organize the workforce in the most efficient way propels the Global Demand for Skills Management Software
Post pandemic the need to organize the new workforce is one of the most important and difficult challenges faced by most organizations. Post pandemic, nearly 69% of firms are focusing more on skills management than they did pre-pandemic.
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This increased the demand for Skills Management software in the market. The survey also says that since the end of 2019, more companies are increasing their investments in Skills Management Software. For most companies, the investment in skills management software is more than a one-time investment.
Skills Management Software Market: Competition Insights
The key companies operating in the Skills Management Software Market are Softworks, AG5, Gloat, Skillnet, Retain, Kahuna, CABEM Technologies, Centranum, MuchSkills, Pluralsight, Visual Workforce, SkillsTX, TalentQuest, CompetencyCore, SkillStation, viSkills, EmployPlan, TalentGuard, iCombine, WebMentor Skills, Sympa, PickYourSkills,
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Some of the recent developments by the key providers of Skills Management Software are as follows:
· In May 2022, AG5’s team raised US $ 1.4 Mn in their recent investment round from Tech Investor Peak. They plan on using the fund to develop their skill management software further and make it available worldwide.
· In May 2022, EmployPlan introduced EmployPlan 2.0, the most user-friendly multi-project resource planning platform available. EmployPlan reduced the amount of time-consuming administrative work required to handle resource management to a minimum by using a responsive modern user interface.
· In June 2021, Gloat secured US$ 57 Mn in funding, which it will use to continue business development as well as to add more features to its own platform. For instance, it will use this money to expand into more contractor openings, create more opportunities for secondments at other companies, and include front-line positions in addition to the knowledge worker roles that the AI is currently optimized for.
· In October 2021, Real-time skills gap analysis has become much simpler because of MuchSkills’ most recent release of skills and competency mapping software. The MuchSkills 3.1 upgrade makes it simple for teams and organizations to spot skill shortages that can have an impact on performance with the aid of intelligent filters and meaningful data visualizations. They can then utilize this information which includes the number of employees by skill and skill level to find chances for upskilling, reskilling, or hiring.
· In September 2021, Skillnet announced the expansion of their geographical territories with the launch of their Mexico Subsidiary. The company believes that it will help them expand their customer base as they can now serve customers in Mexico and Central and Southern America.
· In March 2021, Intelligent Role Studio (IRS), an Artificial Intelligence powered solution that combines deep subject matter expertise with algorithmic intelligence, was launched by TalentGuard.
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