November 28, 2018: Global Event Management Service Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Event management is the services provided in terms of promotion, planning, presentation or organizing of any sports, arts, business, entertainment, and consultation for organizing other services. The services may include planning, production, management, and post-event.

Growing demand for online payment and registration, high demand for digital currencies across the globe, and convenience and efficacy for acceptance of online transaction and registration of events are documented as major factors of Event Management Service Market that are estimated to enhance the growth in the years to come. However, high cost related to the event may restrain overall market growth in the coming years. Event Management Service Market is segmented based on social networking site, end users, and region.

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LinkedIn, Facebook, Twitter, and other social networking sites could be explored in Event Management Service in the forecast period. The Twitter sector accounted for the substantial market share of Event Management Service and is estimated to lead the overall market in the coming years. This may be because of rising customer base and allows event management professionals to stay informed on the modern technology, trends, and innovations.

The market may be categorized based on end users like individual users, corporate organizations, and public organizations and NGOs that could be explored in the forecast period. The corporate organizations sector accounted for the substantial market share of Event Management Service and is estimated to continue its dominance in the coming years. This may be because of high demand for online payment and registration. The sector includes educational institutes, media organizations, trade shows, associations, and event management agencies.

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Event Management Service Market is segmented geographically into Americas (North America, South America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Globally, North America accounted for the substantial market share of Event Management Service and is estimated to lead the overall market in the coming years. The reason behind overall market growth could be high demand for cloud-based event management services from government organizations and enterprises. The United States is a major consumer of Event Management Service in the region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The developing countries like India and China are the major consumers of Event Management Service in this region.

The key players of Event Management Service Market are XING, Certain, Lanyon, Ungerboeck Software, Cvent, Eventzilla, and Etouches. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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