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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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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SOURCE Technavio

NEW YORK, Sept. 24, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global food waste management market  size is estimated to grow by USD 9.13 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 4.25%  during the forecast period.  Food waste management gaining traction owing to growing concerns of carbon emissions is driving market growth, with a trend towards rising number of startups  However, increasing risks of fire accidents  poses a challenge – Key market players include Biffa Plc, Casella Waste Systems Inc., China Everbright Environment Group Ltd., Cleanaway Waste Management Ltd., Covanta Holding Corp., FCC SA, GFL Environmental Inc., Hitachi Zosen Corp., Interstate Waste Services Inc., PHENIX SAS, PreZero Stiftung and Co. KG, Recology Inc., Republic Services Inc., RETHMANN SE and Co. KG, US Foods Holding Corp., Van Dyk Recycling Solutions, Veolia Environnement SA, Waste Connections Inc., Waste Management Inc., and Winnow Solutions Ltd..

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Key Market Trends Fueling Growth

The food waste management market is gaining significant attention due to the large volumes of food being wasted daily worldwide. Efficient food waste management is essential to mitigate negative environmental and health consequences. New companies, such as PHENIX SAS and World Waters LLC, are innovating in this space. PHENIX finds value in unsold food products by offering promotions, creating animal feed, donating to charities, and recycling. World Waters utilizes unattractive watermelons for cold-pressed juice production. Replate, a social venture in the US, redistributes excess food from businesses to underprivileged communities and provides monthly impact metrics. The growing number of startups will fuel the food waste management market’s growth, offering solutions for reducing waste and addressing food insecurity. 

The Food Waste Management market is on the rise, driven by health-conscious consumers who prioritize reducing food waste. Food processing facilities, merchants, wholesalers, and food service providers are key players in this market. Waste types include cereals and organic waste from residential, institutional, and industrial sources. Collection segments use various methods like composting, landfills, incineration, and open dumping. Biofuel from food waste is a growing trend, with applications in renewable energy. Favorable government regulations, such as the UK’s Zero Hunger Challenge, encourage food waste reduction. Spoilage of food, imported products, and exotic food items contribute to wastage. Large businesses, fast-food cafes, and hotel chains are significant contributors. Food rescue organizations help address hunger crises. Technologies like anaerobic digestion, gasification, and aerobic digestion are cutting-edge solutions for food waste management. Food waste can be transformed into animal feed, fertilizer, and biogas. The market also includes services like composting and recycling. Food waste reduction is crucial to address the environmental impact and potential economic benefits. 

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Landfills serve as disposal sites for non-hazardous household, commercial, and industrial solid waste and sludge. However, food waste in landfills generates methane, a potent greenhouse gas. Methane, which forms when food waste decomposes in the absence of oxygen, can ignite and cause dangerous fires. For instance, a food waste landfill in Chandigarar, India, has experienced 486 fire incidents in the last 15 years. These fires pose a risk to human life and have increased concerns over food waste accumulation in landfills. Consequently, the potential for food waste-related fire accidents is hindering the expansion of the global food waste management market during the forecast period.The Food Waste Management market faces several challenges in reducing the volume of food waste. Key issues include incineration and open dumping, which have environmental implications. Composting, recycling, and biogas are preferred solutions for managing organic waste, contributing to renewable energy. Favorable government regulations and initiatives, such as the UK government’s Zero Hunger Challenge, are driving the market. Spoilage of food due to imported products, exotic food items, and large businesses contribute significantly to food waste. Hunger crises and food rescue organizations are addressing this issue. Urbanization increases the generation of organic waste, requiring advanced technologies like gasification and anaerobic digestion. Fast-food cafes, hotel chains, and the dietary supply chain are significant contributors. Cutting-edge technology and partnerships with government agencies, municipality garbage collectors, and waste management businesses are crucial for effective food waste management. Disease transfer and supply chain interruptions pose risks, requiring stringent safety measures.

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This food waste management market report extensively covers market segmentation by

Method 1.1 Landfill1.2 Recycling1.3 IncinerationApplication 2.1 Feed2.2 Fertilizers2.3 Biofuel2.4 Power generationGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Landfill-  The food waste management market is witnessing an increasing trend towards landfill disposal due to the efficient management of Landfill Gas (LFG) produced. Landfills, as the preferred method for disposing of food waste in many parts of the world, particularly developing countries, are favored due to their cost-effectiveness compared to alternative methods like incineration. Methane, a significant component of LFG, is a potent greenhouse gas that contributes to climatic degradation if released into the atmosphere. However, it can be harnessed as an energy resource through efficient collection and treatment. The global demand for LFG is escalating due to its economic benefits, leading several governments to promote its use for electricity generation. The EPA’s Global Methane Initiatives International Best Practices Guide for LFG Energy Projects outlines the process for developing LFG to energy projects and addresses technological, economic, and political considerations. As of 2022, over 2000 landfills in the US have the potential to convert methane into an energy resource cost-effectively. New and existing landfills are undergoing projects to utilize LFG for fuel in turbines or co-generators. However, the limited availability of land in some countries, such as Japan, poses a challenge for the growth of the landfill segment. In countries like India, the exhaustion of capacity in existing landfills necessitates the exploration of alternative food waste disposal methods. Despite these challenges, the substantial volume of food waste generation and the relatively low costs of landfilling compared to other disposal methods will drive the expansion of the landfill segment in the global food waste management market.

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The Food Waste Management Market is experiencing significant growth due to the increasing awareness among health-conscious consumers about the importance of reducing food waste. Food processing facilities, merchants, wholesalers, and food service providers are recognizing the need to implement effective food waste management strategies. The market covers various waste types, including cereals, and sources such as residential, institutional, and industrial segments. Service types include collection, landfills, incineration, composting, recycling, and biogas production. The composting process is gaining popularity as a sustainable solution for managing food waste, with applications in renewable energy generation. Favorable government regulations and the negative environmental impact of spoilage of food and imported products are driving the market’s growth. Food waste management solutions include the use of biofuel, which can be produced from food waste through anaerobic digestion. The market is segmented by waste type, including cereals, fruits and vegetables, meat and poultry, and dairy products. The institutional sector, including schools and hospitals, and the industrial segment, including food processing and manufacturing industries, are significant contributors to food waste. The residential source segment is also a significant contributor due to household food waste.

The Food Waste Management market is a growing industry driven by the increasing awareness of health-conscious consumers and the need to reduce environmental impact. Food processing facilities, merchants, wholesalers, food service providers, and large businesses generate significant amounts of food waste. The composting process is a popular solution for managing organic waste, with applications in renewable energy generation through biogas production. Waste type insights include cereals, residential sources, the institutional sector, and the industrial segment. Service types include collection, landfills, incineration, open dumping, composting, recycling, and biogas production. Applications of food waste management include renewable energy, animal feed, fertilizer, and disease transfer prevention. Factors driving the market include spoilage of food, imported products, exotic food items, favorable government regulation, and supply chain interruptions. Food Rescue Organizations play a crucial role in reducing food waste and addressing hunger crises. Urbanization and the use of cutting-edge technology, such as gasification technology and anaerobic digestion, are also shaping the industry. Food waste sources include fast-food cafes, hotel chains, and the dietary supply chain. Government agencies and municipality garbage collectors are key stakeholders in the waste management business. Disease transfer and food safety concerns are important considerations in food waste management.

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

MethodLandfillRecyclingIncinerationApplicationFeedFertilizersBiofuelPower GenerationGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

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

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.

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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SOURCE Technavio

NEW YORK, Sept. 24, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global atomic spectroscopy market size is estimated to grow by USD 2.46 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.29%  during the forecast period. Increased funding by government organizations for environmental testing and product safety is driving market growth, with a trend towards growing use of portable spectroscopy systems in metal producing and processing sector. However, high cost of advanced instruments and maintenance services  poses a challenge. Key market players include A KRUSS Optronic GmbH, Agilent Technologies Inc., AMETEK Inc., Aurora Biomed Inc., Avantor Inc., Bruker Corp., Buck Scientific Instrument Manufacturing Co. AA, Endress Hauser Group Services AG, GBC Scientific Equipment, Hitachi High Tech Corp., HORIBA Ltd., PerkinElmer Inc., Rigaku Corp., SAFAS SA, Shimadzu Corp., Teledyne Technologies Inc., and Thermo Fisher Scientific Inc..

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Market Driver

Manufacturers in the analytical instruments industry are prioritizing the development of compact, portable atomic spectroscopy systems to cater to the growing demand for onsite analysis in hard-to-reach locations. These portable products enable end-users in metal processing and production to perform tasks such as material identification and metal sorting effectively. The focus on portable optical emission spectroscopy systems and X-ray fluorescence (XRF) spectroscopy systems is particularly high due to their ability to provide non-destructive analysis of solid metallic samples quickly. The increasing global metal production further boosts the market potential for these portable atomic spectroscopy systems. 

Atomic spectroscopy is a key technology in analytical chemistry, used to identify and measure the concentrations of elements in various samples. This market encompasses techniques like Atomic Absorption (AA), Atomic Emission (AE), and X-ray Fluorescence (XRF). XRF uses X-rays to excite atoms, revealing their spectral lines. AA measures absorption of electromagnetic radiation, while AE detects emitted radiation. Mass analyzers help separate and identify elements. Sectors like Metallurgy, Pharmaceuticals, Forensics, Research Labs, Biopharma, and Biotech use atomic spectroscopy. It’s crucial for safety regulations, especially in drug products, APIs, raw materials, and intermediates. ICP spectrometers, including ICP-OES and ICP-MS, are popular instruments. XRF, AA, and AE are essential for trace elements analysis. Other techniques like Atomic Fluorescence and Mass Spectrometry complement these methods. This market continues to grow, driven by increasing demand for precise elemental analysis. 

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Market Challenges

Atomic spectroscopy is widely used in various industries due to its cost-effective analysis capabilities, particularly in applications where Atomic Absorption Spectroscopy (AAS) systems are employed. However, advanced atomic spectroscopy techniques such as Inductively Coupled Plasma Mass Spectrometry (ICP-MS) and Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES) face challenges in adoption due to their high capital and operating costs. ICP-MS and ICP-OES systems use argon gas, cones, nebulizers, and other expensive consumables, making them less affordable for laboratories and research institutions with limited budgets. These sophisticated systems have significant capital investments and high running and maintenance costs. The high cost analysis of atomic spectroscopes includes initial capital cost, ongoing running cost, and maintenance and service cost. Although ICP-MS and ICP-OES offer superior accuracy and precision, their high capital and operational expenses limit their adoption. The emergence of compact-sized portable atomic spectroscopy systems has introduced onsite testing capabilities and improved ease of use, but their high maintenance costs hinder their widespread adoption. For instance, the cost of repairing a detector in these systems can reach up to USD10,000. These factors are anticipated to impede the growth of the atomic spectroscopy market during the forecast period.Atomic spectroscopy is a crucial tool in analytical chemistry for identifying and quantifying elements in various industries. The market for atomic spectroscopy instruments includes applications in drug products and APIs, raw materials, intermediates, and environmental testing. Challenges in this market include complying with environmental regulations and ensuring food safety. Technologies such as ICP spectrometers (ICP-OES and ICP-MS), atomic absorption spectroscopy, X-ray fluorescence, and elemental analyzers are commonly used. Key players in the market include Agilent Technologies, PerkinElmer, and Thermo Fisher Scientific. Laboratory automation, multi-elemental analysis, and industry partnerships are driving innovation in this field. Precision agriculture, drug safety, biotechnology, and remote sensing are emerging applications. Stringent regulations and the need for trained professionals require continuous advancements in technology, including GFAAS, isotopic information, and telemetry integration. Our Company Analysis Dashboard provides research analyst access and competitor analysis to help businesses stay informed.

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Segment Overview 

This atomic spectroscopy market report extensively covers market segmentation by

Technology 1.1 Atomic absorption1.2 X ray fluorescence1.3 X ray diffraction1.4 ICP-MS and othersEnd-user 2.1 Pharmaceutical and biotechnology testing2.2 Food and beverage testing2.3 Environmental testing2.4 OthersGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Atomic absorption-  Atomic absorption spectroscopy is a quantitative analysis technique used to detect specific light wavelengths absorbed by neutral atoms. This method is commonly referred to as a metal analysis spectrometer due to its primary function in metal concentration analysis. Industries such as biomonitoring, chemical, food, and pharmaceutical sectors utilize atomic absorption spectrometers for analyzing metal concentrations in various samples, including medicines, foods, beverages, and biological fluids. The global atomic absorption market is projected to expand due to the growth of industries like pharmaceuticals and environmental testing, driven by the increasing incidence of diseases and environmental issues. According to Technavio’s latest analysis, the atomic absorption segment is expected to grow at a CAGR of 5.48% from 2022 to 2027, fueled by these factors and the overall growth of the global atomic spectroscopy market.

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Research Analysis

Atomic spectroscopy is a powerful analytical technique used to identify and quantify elements in various matrices, including drug products, APIs, raw materials, intermediates, and food samples. This technique utilizes the interaction of electromagnetic radiation with atoms to obtain spectral information, which is then used to determine the concentrations of specific elements. In the pharmaceutical industry, atomic spectroscopy plays a crucial role in ensuring the purity and quality of drug products and APIs by detecting trace elements. The food industry also benefits from this technology in addressing food safety concerns and complying with stringent regulations. Trained professionals use instruments such as ICP spectrometers, GFAAS, atomic fluorescence, atomic absorption, and atomic emission, among others, to obtain isotopic information and spectral lines for elemental analysis. The metallurgy sector also heavily relies on atomic spectroscopy for material analysis. Agilent Technologies and other key companies offer advanced atomic spectroscopy instruments and solutions for various industries.

Market Research Overview

Atomic spectroscopy is a powerful analytical technique used to identify and quantify elements in various matrices, including drug products, APIs, raw materials, intermediates, and environmental samples. This technique utilizes electromagnetic radiation to excite atoms, which then emit spectral lines that are unique to each element. Applications of atomic spectroscopy span across various industries, including the pharmaceutical, metallurgy, petrochemical, and environmental sectors. In laboratories, atomic spectroscopy plays a crucial role in quality control, environmental testing, and research. Technologies such as ICP spectroscopers, atomic absorption spectroscopy, X-ray fluorescence, and X-ray diffraction are commonly used. Multi-elemental analysis, isotopic information, and precision agriculture are some of the emerging trends in atomic spectroscopy. Strict regulations and food safety concerns are driving the demand for this technology in various industries. With the help of advanced instruments and trained professionals, atomic spectroscopy provides accurate and reliable elemental information, enabling industries to meet safety regulations and improve product quality.

Table of Contents:

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

TechnologyAtomic AbsorptionX Ray FluorescenceX Ray DiffractionICP-MS And OthersEnd-userPharmaceutical And Biotechnology TestingFood And Beverage TestingEnvironmental TestingOthersGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

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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SOURCE Technavio