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The event management as a service market is projected to grow by USD 576.5 Million from 2024-2028, with AI impacting trends and rising demand for online registration and payments – Technavio

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NEW YORK, Sept. 24, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global event management as a service market size is estimated to grow by USD 576.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 12.1% during the forecast period. increasing demand for online registration and payment is driving market growth, with a trend towards emergence of ibeacons for event management However, threat from open-source event management software poses a challenge – Key market players include Accelevents Inc., Active Network LLC, Arlo Software Ltd., Aventri Inc., Bitrix Inc., Bizzabo, Certain Inc., Cvent Holding Corp., Event Temple Labs Inc., Eventbrite Inc., Fortive Corp., Glue Up, Hopin, New Work SE, RainFocus LLC, Ungerboeck, WebMobi, Whova Inc., XING Events GmbH, and Zoho Corp. Pvt. Ltd..

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Event Management As A Service Market Scope

Report Coverage

Details

Base year

2023

Historic period

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.1%

Market growth 2024-2028

USD 576.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.92

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 47%

Key countries

US, China, UK, Canada, and Germany

Key companies profiled

Accelevents Inc., Active Network LLC, Arlo Software Ltd., Aventri Inc., Bitrix Inc., Bizzabo, Certain Inc., Cvent Holding Corp., Event Temple Labs Inc., Eventbrite Inc., Fortive Corp., Glue Up, Hopin, New Work SE, RainFocus LLC, Ungerboeck, WebMobi, Whova Inc., XING Events GmbH, and Zoho Corp. Pvt. Ltd.

 

Market Driver

The Event Management as a Service market refers to the outsourcing of event planning and execution to specialized companies. Businesses can benefit from this model by reducing costs, improving efficiency, and gaining access to expert resources. Event management companies offer a range of services, including venue selection, vendor coordination, logistics, and marketing. By partnering with a reputable event management firm, businesses can focus on their core competencies while ensuring the success of their events. 

Event Management as a Service (EMaaS) is a growing trend in the business world, offering specialized tools and mobile applications to simplify event planning for event organizers. With the increasing complexity of events, productivity is key. EMaaS provides real-time interaction, email notifications, and feedback collection to ensure informed choices for future events. Blockchain technology adds security, while functionality adapts to cultural variations and communication hurdles. Small businesses on tight budgets benefit from automation of tasks, training staff, and internal communication. Personalized experiences and real-time feedback mechanisms enhance the overall experience for varied audiences. Cloud-based software offers low maintenance costs, virtual storage, and backup-restore facilities. Service delivery is seamless, and data-handling attributes ensure security. Assumptions are minimized through automated tasks and real-time interaction. Specialized tools cater to the needs of worldwide conferences, exhibits, and cultural events, making event management more efficient and effective. 

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Market Challenges

The Event Management as a Service market refers to the outsourcing of event planning and execution to specialized companies. Businesses can leverage this model to save time and resources, focusing on their core operations. Service providers offer end-to-end solutions, from venue selection and vendor coordination to attendee management and post-event analysis. This market continues to grow as more companies recognize the benefits of partnering with experts to deliver successful events.The Event Management as a Service market faces several challenges. Purchasing tickets and interaction are key areas where seamless digital solutions are required. In the software segment, capabilities for financial management, conference scheduling, logistical management, vendor management, and monitoring of tasks are essential. Corporate spending and shifting customer preferences towards virtual events present challenges. Sustainability initiatives, regulatory compliance, and emerging markets require adaptability. Economic downturns, seasonality, security issues, environmental factors, event type, and client type add complexity. Event management software, digital tools, and cloud-based platforms offer solutions, including virtual exhibitor booths, chat functionality, live broadcasting, content distribution, and virtual event platforms. Regulatory restrictions and security issues necessitate robust solutions.

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Segment Overview

This event management as a service market report extensively covers market segmentation by

End-user 1.1 Corporate1.2 PO and NGO1.3 IndividualsType 2.1 Pre-event services2.2 Onsite services2.3 Post-event servicesGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Corporate- The Event Management as a Service market is experiencing significant growth due to the complete digitization of core event management processes and the adoption of customer-centricity. This segment caters to end-users such as private organizations, corporations, trading associations, educational institutions, and political parties. By outsourcing event management services, these organizations can effectively manage event logistics and enhance operational efficiency, resulting in cost savings of nearly 30%. Services include research, venue selection, hotel reservations, transportation arrangements, food and entertainment planning, site visits, and event execution. The corporate segment is particularly thriving in the UAE, where the government’s strong support for the MICE industry, as outlined in initiatives like Dubai Tourism Vision 2020 and Abu Dhabi Economic Vision 2030, fuels growth. Favorable policy adjustments, enhanced government funding, and robust infrastructure developments create an ideal environment for the expansion of event management enterprises in the UAE, contributing to the growth of the corporate segment of the global Event Management as a Service market.

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Research Analysis

The Event Management as a Service (EMaaS) market is experiencing significant growth due to various factors. Corporate spending on events is on the rise, driven by the understanding that well-executed events can boost brand awareness and customer engagement. Shifting customer preferences towards virtual and hybrid events are also fueling the market’s growth. Sustainability initiatives and regulatory compliance are becoming increasingly important considerations in event planning. Emerging markets and regulatory restrictions present both opportunities and challenges. Economic downturns and seasonality can impact event attendance and budgets. Event management software, digital tools, cloud-based platforms, and mobile applications are transforming the industry, offering event managers specialized tools to streamline processes, increase productivity, and provide informed choices for event organizers. The complexity of events and the importance of delivering an overall excellent experience continue to be key drivers. Blockchain technology and data-handling attributes are gaining attention for their potential to enhance security and streamline event operations. Opinions and behavior of attendees continue to shape event strategies, with a focus on providing informed choices for future events.

Market Research Overview

The Event Management as a Service (EMaaS) market is experiencing significant growth due to corporate spending shifts, changing customer preferences, and sustainability initiatives. Regulatory compliance, economic downturns, seasonality, security issues, and environmental factors also impact the industry. EMaaS offers various tools such as event management software, digital tools, cloud-based platforms, mobile applications, and specialized tools to manage the complexity of events. Event strategies, productivity, and engagement are key considerations, with blockchain, functionality, and security being essential features. Small businesses with tight budgets benefit from EMaaS, while end-user organizations require real-time interaction, personalized experiences, and data-handling attributes. Assumptions about automation of tasks, email notifications, feedback collection, and training staff are important for effective event planning. Cultural variations and communication hurdles present challenges for planning varied audiences and cross-border activities. New features like gamification, AI-powered chatbots, and social media engagement enhance the overall experience for attendees.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userCorporatePO And NGOIndividualsTypePre-event ServicesOnsite ServicesPost-event ServicesGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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REVIVER® Joins Forces with ROADMEDIC® and SENSAGRATE in LiDAR Saving Lives Public Safety Coalition’s 9-1-1 Dispatcher Visibility Demonstration Project

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REVIVER® Aims to Play a Key Role in Improving Post-Crash Care Through the USDOT’s (FY)2025 Safe Streets and Roads for All (SS4A) Grant Program with over 50,000 Digital License Plates on the Road Today

GRANITE BAY, Calif., Sept. 24, 2024 /PRNewswire/ — REVIVER®, the pioneering manufacturer of the first and only legal digital license plate in the world (the RPLATE®), is proud to announce its participation as a founding company in the LiDAR Saving Lives Public Safety Coalition’s (LSL) groundbreaking 9-1-1 Dispatcher Visibility Demonstration Project. This vital initiative aims to improve post-crash care by leveraging advanced technology integrated into the REVIVER® platform to provide real-time visual context to 9-1-1 dispatchers and first responders. The project aims to play a key role in USDOT’s (FY)2025 Safe Streets and Roads for All (SS4A) Grant Program. With over 50,000 RPLATES installed on vehicles in California and Arizona today, REVIVER® has a proven platform to demonstrate and quickly broaden adoption of connected vehicle safety initiatives.

REVIVER® Joins Forces with ROADMEDIC® and SENSAGRATE in LiDAR Saving Lives Public Safety Coalition

In collaboration with ROADMEDIC®, a leader in automotive emergency communication systems, and SENSAGRATE, a provider of intelligent visual sensor technology, REVIVER® will become the gateway to democratizing vehicle safety for virtually all year, make, and model vehicles by integrating real-time data transmission and visual context into the Next Generation 911 (NG911) system via the REVIVER® RPLATE® platform. This integration will enable 9-1-1 dispatchers to receive critical information, including images and videos, from motorists in roadside emergencies. This enhanced situational awareness will significantly improve the accuracy and speed of emergency responses, improving incident victim outcomes and ultimately saving lives.

“REVIVER’s goal is to utilize digital license plates to modernize vehicle registration compliance and to leverage developing technologies to help save lives,” said Neville Boston, Founder and Chief Strategy Officer of REVIVER®. “By combining REVIVER’s RPLATE digital license plate technology and companion APP with the expertise of ROADMEDIC® and SENSAGRATE, we are realizing our vision. REVIVER will be setting a new standard for emergency response via direct vehicle connectivity. Our involvement in the LiDAR Saving Lives Public Safety Coalition’s 9-1-1 Dispatcher Visibility Demonstration Project reflects our commitment to advancing safety on our roads and enhancing post-crash care.”

The 9-1-1 Dispatcher Visibility Demonstration Project will showcase the world’s first end-to-end, real-time infrastructure-to-everything (I2X) communication system. This system integrates collision detection, IP-based 9-1-1 data transmission, and real-time visual context, providing first responders with unprecedented insight into roadside emergencies. The project is set to play a pivotal role in the evolution of NG911, making emergency services more effective and responsive to the needs of motorists. Additional connected safety collaborations are expected to be announced shortly that will include solutions to increase driver awareness of local first-responder activities to reduce the occurrence of secondary incidents.

As part of REVIVER®’s ongoing commitment to safety innovation, REVIVER® will participate in the panel session entitled “911’s Role in the Connected Safe System Approach” at the upcoming COVESA All Member Meeting, taking place September 25-26, 2024, in Novi, Michigan. This session will bring together industry leaders to discuss the critical role of 9-1-1 in the evolving connected vehicle ecosystem, with a focus on improving post-crash care through advanced technology and cross-industry collaboration.

The COVESA All Member Meeting is a key event for the connected vehicle community, offering a platform for collaboration and innovation. REVIVER®’s participation underscores their leadership in driving the adoption of NG911 and enhancing the role of connected technology in public safety.

About REVIVER®: REVIVER® is the creator of the world’s first digital license plate platform, revolutionizing the way people interact with their vehicles. The REVIVER® RPLATE® and companion app offer unprecedented convenience, personalization, and safety features, transforming the license plate into a connected vehicle platform. REVIVER® is committed to leveraging technology to improve vehicle safety and support the transition to a connected, digital automotive ecosystem. www.reviver.com

About ROADMEDIC®: ROADMEDIC®, an authorized automotive OEM tier 1 supplier, is an automotive 9-1-1 software company dedicated to improving emergency response through instantaneous IP-based data transmission from motor vehicles to 9-1-1 centers. Their innovative solutions enhance the speed and accuracy of emergency responses, saving lives and reducing harm in the event of a crash. www.roadmedic.com

About SENSAGRATE: SENSAGRATE provides advanced intelligent visual sensor technology designed to improve road safety by integrating real-time data with vehicle and infrastructure systems. Their cutting-edge solutions enable precise collision detection and seamless communication with emergency services, enhancing the effectiveness of post-crash care. www.sensagrate.com

About LiDAR Saving Lives Public Safety Coalition (LSL): The LiDAR Saving Lives Public Safety Coalition is a nonprofit 501(c)(4) organization dedicated to improving public safety through the integration of advanced technology in emergency response systems. LSL collaborates with industry leaders, municipalities, and public safety agencies to enhance post-crash care and reduce roadway fatalities. www.lslcoalition.org

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SOURCE Reviver

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TURKI ALALSHIKH ANNOUNCES LAUNCH OF AL-HILAL CHANNEL ON DAZN, TO BE SPONSORED BY RIYADH SEASON

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LONDON, Sept. 25, 2024 /PRNewswire/ — Today, in the presence of His Excellency the Chairman of the General Entertainment Authority (GEA), Turki bin Abdulmohsen Alalshikh, DAZN and Al-Hilal Saudi Football Club signed a Memorandum of Understanding (MoU), marking the first step in launching a dedicated global club channel on DAZN, which is to be sponsored by Riyadh Season.

As part of this sponsorship, Riyadh Season will oversee the content and programs broadcasted on the channel, contributing to a unique experience for the club’s fans. In a statement at the signing ceremony, HE Turki Alalshikh explained that this channel will feature exclusive programs and interviews, daily reports on training sessions, behind-the-scenes access to the players’ locker rooms, and will broadcast certain friendly matches. It will also include programs sponsored by Riyadh Season, featuring some of the top stars worldwide.

This partnership is part of a collaboration between three leading entities in the fields of entertainment, media, and sports: Riyadh Season, which supports the channel as the official sponsor; DAZN, the largest broadcaster of football worldwide; and Al-Hilal, the most decorated club in the Saudi Pro League, with numerous league titles and AFC Champions League victories.

This collaboration brings world-class content from Saudi Arabia to fans worldwide and will enhance the club’s presence in the international media landscape. This exclusive channel will be available globally and for free on the DAZN app, offering football fans around the world unparalleled access to one of the most iconic teams in the Middle East.

It will allow fans to follow the matches, along with a wide variety of exclusive content, including interviews with players and coaching staff, as well as behind-the-scenes footage from training sessions and match days. The content will also feature special reports highlighting the club’s history, achievements, and future vision.

The signing took place in London between Al-Hilal Saudi Club, represented by the Chairman of Al-Hilal Company, Mr. Fahad bin Nafel, and DAZN, represented by Kacy Grine, President of DAZN in the Middle East and North Africa.

HE Turki Alalshikh said: “We don’t have specialised channels similar to international club channels, so this is a great opportunity to achieve that, especially with a global partner focused on success. This comes at a time when we have achieved great success in boxing and other events, and I am confident that Al-Hilal’s fanbase subscribing to the platform could reach up to two million people.”

Kacy Grine, President of DAZN in MENA, said: “It is an honour to partner with one of the best clubs in world and bring together three global brands, DAZN, Al Hilal and Riyadh Season.

We look forward to telling fans around the world, the exciting story of a club which continues to make history. With the support of Riyadh Season, this proposition becomes even more remarkable and ambitious, demonstrating the global appeal of Saudi sports and entertainment”.

Through this exciting new venture, fans will be able to follow Al-Hilal’s stellar squad, featuring some of the biggest names in world football. Recent signings have added significant international star power to the team, which already boasted an impressive roster of talent. These footballing icons bring not only their exceptional skill but also a vast global fanbase, making Al-Hilal a focal point for millions of football fans worldwide.

Al-Hilal’s rich legacy of success — both domestically and on the international stage — has seen the club become the most decorated in the Saudi Pro League, with numerous SPL titles and AFC Champions League triumphs.

The intended launch of Al-Hilal channel on DAZN will further cement the club’s status as a global football powerhouse, expand its reach to new audiences and provide existing fans with even more exclusive content and insight into the team’s journey.

Video – https://mma.prnewswire.com/media/2514811/Al_HilalxDAZN_Signing_Ceremony.mp4
Photo – https://mma.prnewswire.com/media/2514803/Al_HilalxDAZN.jpg
Photo – https://mma.prnewswire.com/media/2514802/Al_HilalxDAZN.jpg
Logo – https://mma.prnewswire.com/media/2514800/DAZN_Logo.jpg
Logo – https://mma.prnewswire.com/media/2514801/Riyadh_Season_Logo.jpg
Logo – https://mma.prnewswire.com/media/2514813/AL_HILAL_Logo.jpg

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SOURCE DAZN

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Cyvatar Lands Growth Funding Package from Decathlon Capital Partners

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Revenue-based transaction will fund expansions of the cybersecurity company through an innovative, shareholder-friendly financing structure

IRVINE, Calif., Sept. 24, 2024 /PRNewswire-PRWeb/ — Cyvatar, a cybersecurity platform tailored to serve small-and-mid-size businesses, start-ups, and supply chains, has landed a growth funding package from Decathlon Capital Partners to support its continued expansion. Details of the revenue-based investment package were not disclosed.

Cyvatar will use the capital to continue its investment in platform development and enhance its service delivery capabilities and customer service capacity. The first cybersecurity-as-a-service (CsaaS) provider allows small-and-mid-size businesses to easily implement security measures that will protect them from ransomware and BEC attacks through proven solutions.

Corey White, the Founder and Chief Experience Officer of Cyvatar, said that Cyvatar works continuously to protect businesses from vulnerabilities. “Our work doesn’t stop after we help a business identify security gaps and build and implement a workable strategy,” White said. “What matters most to our team is our clients’ cyber safety, which we work around the clock to maintain.”

Headquartered in Irvine, California, Cyvatar will repay its investment to Decathlon Capital Partners through its future revenues. Cyvatar was not required to give up any control of the company, and no equity or ownership was exchanged for growth capital.

John Borchers, Managing Director of Decathlon Capital Partners, said that Cyvatar’s flexible pricing options make it more sustainable for many businesses. “Having the ability to choose a subscription, similar to streaming service options, makes the idea of having a cybersecurity platform more attractive for many businesses that may otherwise not invest in one,” Borchers said. “We are excited to see what the future has in store for Cyvatar.”

About Cyvatar
Cyvatar is a leading managed cybersecurity-as-a-service provider, empowering small and mid-sized businesses to achieve security success. By integrating innovative technology, expert guidance, and tailored solutions, Cyvatar simplifies cybersecurity with proactive monitoring, automated workflows, and ongoing support. Headquartered in Irvine, CA, Cyvatar is committed to making cybersecurity effortless, effective, and accessible. Learn more at http://www.cyvatar.ai.

About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at http://www.decathloncapital.com.

Media Contact

Cyvatar Press, Cyvatar, 855-520-9966, getoutcomes@cyvatar.ai, https://cyvatar.ai/

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