The global event management software market is estimated to reach $14.45 billion by 2022 from $7.57 billion in 2016 with a growing CAGR [compound annual growth rate] of 11.39% during the forecast period (2016-2022).
Geographically, North America is the leading region in the event management software market where U.S. occupies highest market share in the region. More than 50% market revenue comes from U.S. only due to the established event management software market. Other countries such as Canada and Mexico are the growing countries in the region.
It’s estimated that North America would reach $6.95 billion by 2022 from $3.37 billion in 2016, where U.S. is estimated to grow with the highest CAGR of 13.68% from 2016-2022. Europe is a fast growing region in the event management software market and is estimated to grow with a CAGR of 11.23% during forecast period. Growing investment by key players, namely Cvent & Etouches, and increasing technical innovations in the businesses of Germany and UK.