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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, attendance, and measure the overall success of any event.

The participants can connect on the application, and can schedule appointments among each other, sponsors and exhibitors. Provision of dedicated networking and connectivity to encourage attendees to meet virtually is boosting market growth. By incorporating registration data and links, virtual event hosts and operators can enable event attendees set up group chats and interact virtually with deployment of network for chat groups, video calls, and other appointments.

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Owing to these factors, the event management software market is anticipated to grow at a significant rate during the forecast period. The large enterprises segment is holding a major share, around 59% of global event management software market in 2021, however, SMEs would show lucrative growth, during the forecast period

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

“Online streaming is gaining traction as event organizers are using live streaming to deliver quality hybrid events and for increasing brand awareness and messaging. Live streaming helps in boosting the interaction between organizations and their clients. It creates new business opportunities as the content of event is accessible to worldwide audience. Online streaming is creating opportunities for organization also by their increasing brand awareness.” says an FMI analyst.

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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 on-going COVID-19 pandemic – particularly when it comes to delivering events. Since the onset of the epidemic, most events were either cancelled off or postponed. Major conferences such as Mobile World Congress and the HIMSS Global Healthcare Conference & Exhibition are even getting canceled due to the pandemic situations.

With the increasing number of cancellations for in-person events, businesses and corporate organizations are in need of a compelling alternative and an outstanding virtual event experience can be just that. COVID-19 has brought a single positive trend in the events industry that is the adoption of event management software as a viable alternative to in-person events.

All the educational institutes, entertainment firms and corporate enterprises are now going virtual, which is providing immense traction to the market. This adoption will help all the organizations and event planners to prevent event cancellation, thereby minimizing their revenue loss. Owing to such factors the market is anticipated to gain back its momentum by end of Q4 2021.

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.

More Valuable Insights on Event Management Software Market

In its latest report, Future Market Insights offers an unbiased analysis of the global event management software market, providing historical data for period of 2016-2020 and forecast statistics for the period of 2021-2031. To understand opportunities in the event management software market, the market is segmented on the basis of solution (Software (Integrated Event Management Software, Standalone Software (Venue Management Software, Event Marketing Software, Event Booking & Registration Software, Others)), Services (Managed Services, Professional Services (Event Planning & Consulting, Integration and Implementation, Support & Maintenance))), deployment (cloud, on-premise), enterprise size (large enterprises, small and medium enterprises), end-user (Event Management Companies, Travel & Hospitality Companies, Corporates, Government, Academic Institution, Others) across six major regions.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

The global Apple accessories market is expected to grow at 4.8% CAGR over the forecast period, 2016-2020. Demand is expected to remain strong in China, where rapid adoption of smartphones, combined with an increasing preference towards the ‘Apple’ brand is pushing sales. The market in China is expected to grow at 8.5% CAGR through the forecast period. Globally, the demand for Apple accessories is expected to be positively influenced by the growing BYOD trend.

Apple accessories sales in Asia will be driven by rising popularity of e-commerce websites and apps. As is the case in Asia, steady e-commerce sales are driving Apple accessories sales in Brazil and Russia. These factors will contribute to the overall growth of the global market.

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Future Market Insights identifies that undefined standards in terms of components and technology have led to price and product differentiation. Moreover, widespread availability of counterfeit and pirated products offered at a fraction of the original price in various developing countries can significantly inhibit demand for Apple accessories.

The Future Market Insights report reveals that iPhone screen guards will continue to be the most-sought after accessory among consumers. iPad cases and iPad screen guards are expected to remain the other lucrative product types. Collectively, these three product segments accounted for over 50% revenue share of the global market in 2016, and the status quo will remain unchanged throughout the forecast period. Among these product types, iPad cases segment will only witness an increase in its revenue share by 2020.

North America will continue to be the most lucrative market, with the US leading total sales. The North America Apple accessories market was valued at US$ 1.93 Bn in 2016, with the US accounting for US$ 1.38 Bn in revenues. Future Market Insights projects the North America market revenues to increase at a CAGR of 4% CAGR through 2020. The report further reveals that the Apple accessories market in Europe is predicted to register a CAGR of 4.0% in the span of next four years. However, the Apple accessories market in South East Asia is expected to witness relatively sluggish growth by the end of 2020.

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3M, Bose Corporation, Western Digital Corporation (SanDisk), Logitech, Otter Products, LLC., Decoded, Adobe, Bang & Olufsen, Incase and ACCO (Kensington Computer Products Group) are the key manufacturers operating in the Apple accessories market globally.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

History of mobile applications comprises key milestones such as origin & prediction of the “mobile application” concept, the home screen era, services for mobile application, and information application approach. Inclination of urban population towards smartphones and mobile apps is greater than rural population. Moreover urban population is increasing rapidly which in turn is driving the global mobile applications market. The introduction to 4G and the rise in demand for 4G devices. Moreover internet penetration is growing in rural areas at a faster rate. This has necessitated increase in production of smartphones with cost reduction which is adding to the growth of global mobile applications market.

Growing mobile ad industry, expanding e-Commerce, soaring smartphone market and growing adoption of Long Term Evolution (LTE) devices are some of the factors fuelling the growth of mobile applications market across the globe. The LTE devices, in particular, are anticipated to witness stellar growth in adoption owing to increasing demand for high speed data connectivity and growing mobile data traffic.

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According to a study by Future Market Insights (FMI) titled, “Mobile Application Market: Global Industry Analysis and Opportunity Assessment, 2016 to 2026”, the global market for mobile applications in 2016 was valued at US $38,589.1Mn and is projected to register an impressive 9.6% CAGR during the forecast period, 2016 to 2026, to obtain a market value of US $96,128.2 million by 2026 end. The report enlists leading market players of mobile applications such as Google Inc., Microsoft and Apple Inc., among which Google Inc. stood dominant and held the highest share in the global mobile applications market in 2016. Other prominent companies include Cognizant, CA, SAP SE, HP, Samsung Electronics Co, Ltd., China Mobile Ltd., Opera Software and Others.

According to FMI’s report, the Google Play is estimated to register highest CAGR during the forecast period whereas the Apple App Store is expected to garner revenues worth more than US $45,000 million by 2026 end, based on store type. More than 44% revenue share of the global mobile applications market is expected to be accounted by games segment, based on end-use. However, travel industry is expected to witness fastest growth at 11% CAGR over the forecast period.

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APEJ is estimated to exhibit the fastest CAGR in the overall market accounting for more than US $41,800 million during the forecast period, followed by Eastern Europe and Latin America. However, North America and Western Europe are also expected to remain lucrative in terms of revenue share until the end of 2026. North America and Western Europe are poised to generate revenue worth US $14,979.4 Mn and US $15,597 Mn respectively by the end of 2026 in the global mobile application market.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Evolution of the gaming industry has been fuelling the demand for state-of-the-art technologies. Users are looking for more immersive experience, which has led to the advent of head mounted displays. According to a study by Future Market Insights (FMI), the head mounted displays market will surpass US$ 10.47 Bn in 2021. The rising demand from aerospace & defense and other industries besides the gaming sector will continue creating lucrative opportunities for growth.

Head mounted displays are oftenused in militarytraining application for the purpose of creating asynthetic training environment (STE). STE is augmented reality (AR) system which creates the military training trough immersive way. It helps to improve the drills of soldiers like snow-capped mountains and deserts, navigation, deep forests and teamwork.

HMDs integrated with AR/VR technologyare used in training & simulations for the purpose of warfare simulations, battlefield visualizations, tactical augmented reality, digital twins, spatial orientation, situational awareness, weapons targeting, digital terrain, and many more.

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Thanks to evolving technology, head mounted displays are making inroads into the healthcare and education sectors. The pace at which the change is happening has accelerated amid COVID-19 outbreak when several schools and institutions around the world were compelled to retreat indoors for a couple of months to contain the spread of the virus.

Sales of both head mounted displays and eyewear surged exponentially amid lockdown and the trend is unlikely to slow down in the near future. According to the report, head mounted displays accounted for maximumsales in the market. The head-mounted segment is estimated to register a CAGR of 24.8% during the forecast period owing to increasing need for fast and reliable evolution between gaming sectors, aerospace, defense and healthcare industry

Key Takeaways: Head-Mounted Display Market

• .Driven by the rising demand for evolving technology, the head mounted displays market will register over 16% y-o-y growth in 2021
• The U.S. will emerge as the leading market in North America, accounting for over 79% of sales
• Demand in the U.K. will rise considerably, enabling y-o-y growth at above 13% in 2021
• Inclination for advanced technologies and expansion of gaming sector will support growth in Germany and France
• East Asia will emerge as a highly lucrative market with China at the forefront, followed by Japan and South Korea

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“In response to the rising demand forhead-mounted display, HMD vendors are making numerous updates into their pre-existingmodels in order to offer greater immersive experience to users and ensure maximum productivity”says FMI Analyst.

COVID-19 Impact Analysis on head mounted display Market

The effects of the COVID-19 outbreak will extend well beyond health and the threat to human lives. There are already signs that the virus will significantly impact head-mounted displays and AR/VR industry. The epidemic has postponed or cancelled various sporting events for the safety of people and prevention of the COVID-19.

On the flip side,it could positively affectthe demand for VR/AR HMDs in the healthcare sector. Amid the pandemic, various global vendorshave continued to focus on developing and innovating in AR/VR technologiesby launching advanced products like smart glasses, such as by Google and Microsoft.

In COVID 19 pandemic most of the countries went for lockdown. The people got stuck at home for certain period of time and all the sporting events were postponed or cancelled for the same reason. People found AR/VR gaming more entertaining and attractive, as they remained confined at their homes.Thus, the continued innovation in head-mounted displays in AR/VR technologies has resulted in significant growth in the market.

Increasing Demand inHealthcare SectorDriving Growth

HMDs are being used in the healthcare industry for the purpose of medical training, patient treatment, medical marketing, disease awareness.

Using VR headsets, doctors can see the fine details of any part of body in 360° CGI reconstruction & create training scenarios accordingly. VR headsets enable doctors to access the inside view of the body, which is difficult to reach.

According to eInfochips, AR and VR industry will further reachUS$35 billion by 2025, due to its adoption in gaming, education, fashion, healthcare, and entertainment industries.

In healthcare industry the HMDs applications are used for providing surgery training, dentistry simulation, treatment of depression and Post-Traumatic Stress Disorder (PSTD), pain management, addictions, telemedicine, rehabilitation in stroke and in dementia and many more.

With the help of AR/VR headset technology, doctors can able to perform surgeries without getting inside a body of human. The technology increases the level of accuracy and reduce the risk of trauma and complications. VR has major effects on anxiety and PTSD patients. The use of VR headsets helps decreasing the stress level of the patients by giving them the experience of virtual reality.

Head-Mounted Display Market Report Scope

More Valuable Insights on Head Mounted DisplayMarket

FMI’s report on the head mounted displaymarketis segmented into four major sections such asproducttype (head mounted and eyewear),HMD type (Discrete HMD, Integrated HMD, and Slide-on HMD), application (gaming, media, & entertainment, aerospace, and defense, healthcare and medical devices, engineering & industry applications, education, and others), and region(North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the head mounted displaymarket.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

With differentiating strategies such as understanding the needs of customers, the global rosemary extract market products are gaining traction among consumers during the projected period, i.e. 2017 to 2027. “Rosemary Extract Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017–2027),” is the newly published report by Future Market Insights which offers insights on the global rosemary extract market. The market is likely to reach to US$ 1,063.2 Mn by 2027 end, expanding at the CAGR of 4.8 % during the assessed period of 10 years.

• Increasing consumer inclination towards aromatherapy and preservatives boost the global rosemary market
• Trending demand of herbal extract in European nutraceutical market contribute in the development in the global rosemary market
• Growing personal care industry and increasing consumer awareness for rosemary
• Growing demand for rosemary for pet food
• Most importantly essential oil made of herb like rosemary and other spice extracts are used in cancer therapy that drives the global rosemary extract market
• Advanced commercialization of herbs and spices by government create positive impact on the global rosemary extract market

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Global Rosemary Extract Market- Forecast by Form

Based on form, the segment is divided into powder, liquid and others. The powder form is expected to account for the largest share owing to its longer shelf life. By 2027 end, powder segment is expected to account for 48.6% value share, and to be valued at US$ 516.3 Mn by the end of 2027. On the other hand liquid segment is expected to account for 46.7% market share, and to be valued at US$ 496.9 Mn by 2027 end.

Global Rosemary Extract Market- Forecast by Sales Channel

Based on sales channel, the segment is fragmented into two categories, i.e. direct sales and indirect sales. Direct sales to account for the largest share as the ingredient is used by the manufacturers for further processing such as personal care products, beverages, food and many more. Direct Sales segment is expected to remain dominant in the global rosemary extract market throughout the forecast period with a revenue share of 54.7 % by 2027. By 2027 end, indirect sales is expected to account for 45.3% value share, and to be valued at US$ 481.9 Mn.

Global Rosemary Extract Market- Forecast by Application

Application segment include food and beverages, personal care, nutraceutical, pharmaceutical and others. Pharmaceuticals and personal care are two major segments and the market witnesses an exponential growth for these segments over the forecast period. By 2027 end, personal care segment is expected to account for 25.9% value share, and to be valued at US$ 275.3 Mn.

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Global Rosemary Extract Market- Forecast by Region

North America and APEJ are estimated to emerge as the most lucrative markets over the forecast period 2016-2027. The U.S. has already started the agricultural cultivation of Rosemary in the Southwest region. With easy trade flows and investment opportunities APEJ region represents potential segment for the growth of the market. Mediterranean countries, including Turkey, Spain, and Morocco are rapidly growing, expected to become commercial production hubs for Rosemary extracts in the global market.Europe is the supply base, led by Spain and France in terms of supply and export, and production and consumption respectively.

Global Rosemary Extract Market- Key Companies

The key players operating in the global rosemary extract market are- Givaudan SA, Kerry Group Plc., Takasago International Corporation, Dohler GmbH Sensient Technologies Corporation, Archer Daniels Midland Company, Ajinomoto Co., Inc., Symrise AG, Firmenich S A, Naturex SA, Kalsec Inc., Olam International, Foodchem International Corporation, McCormick and Company, Inc, Frutarom Industries Ltd., Robertet SA, Synthite Industries Ltd., International Taste Solutions Ltd, Organic Herb Inc., British Pepper and spice Company.

Rising concerns among parents about side effects of chemical ingredients in baby foods have been encouraging consumers to adopt organic alternatives. There is an increased focus towards clean label trends, which is expected to bolster demand for plant-based ingredients. As per a study by Future Market Insights (FMI), the sales of organic baby foods are set to rise strongly in the years ahead. The market is expected to reflect a double digit CAGR through 2021 and beyond.

The demand for milk formula products is expected to be the highest. It is likely to account for a CAGR of approximately 20% in 2021. Applications as supplements to breast milk will continue fuelling demand for these products.

Organic baby food producers aim for nutrients rich profiles in formulations, in a growing range of flavors and targeted age group demographics. Following the covid-19 pandemic sales through online channels have witnessed an upsurge, which is unlikely to change through 2031.

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Major investments by governments towards urbanization and the rapid transition of rural populations to urban centers is creating increased potential for organic baby food sales. Consumer health and environment consciousness will contribute to greater demand for the foreseeable future.

Key Takeaways from BRIC Organic Baby Food Market Report

• The demand for milk formula products is expected to witness a consistent rise, enabling the market register an exponential double digit growth rate between 2021 and 2031.
• Sales through retail supermarkets will drive revenues in the industry, supported by robust supply chains.
• The Chinese and Indian markets for organic baby foods is a key contributor to revenues on the back of large infant populations.
• Increasing demand for vegan products will bolster growth in Brazil
• Government initiatives undertaken to aid infant health will support growth in India and South Africa.

“Easy availability of essential raw materials in countries of BRIC region, with major agrarian economies are used for the production of organic commodities. Brazil, China and India are displaying significant developments in the field of organic farming. Furthermore, increasing trade in multiple sectors in the BRIC region is likely to bolster growth of the organic baby food market. This can be widely attributed to increasing levels of investment and liberalization of trade, which opens new avenues for sales and distribution,” said a lead analyst at FMI.

Brand Positioning in Terms of Health Claims Creates Opportunities

Sales of baby food products are largely reliant on health claims made by brands, with information about the pros and cons of breast feeding clearly stated and available through the internet. Some of the more prominent structural and health claims used by brands include information on digestibility and characteristics associated with immune systems and growth.

Many products also come with recommendations to seek the advice of healthcare professionals prior to feeding baby foods to children below the age of 1 year, which also clearly stating the advantages of breast feeding. Also high levels of concern among parents about obesity, and added sugar and salt are key to labelling practices in the industry. While TV and radio are not given much importance, social media channels are gaining ground for promotional activities.

Warnings and recommendation labels are more common on milk supplement products over the adequate and correct use of these products, especially for toddlers transitioning to solid foods. These trends are expected to have a significant impact on developments within the industry.

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Who is Winning?

Leading players in the BRIC organic baby food market include but are not limited to H.J. Heinz Company, Nestle S.A, British Biologicals, Groupe Danone, Bellamy’s Australia Limited, Abbott Laboratories, Campbell Soup Company, Otsuka Holdings Co., Ltd. Major players are seeking to expand production capacities, widen product portfolios and geographical reach in a bid to edge out conventional baby food product manufacturers.

For example, Serenity Kids announced a US$ 3 million investment round in December 2020, aimed towards the expansion of organic baby food portfolio. Nestle, in September 2020, announced plans to expand its infant formula production operations in Russia with an investment of US$ 45.8 million including a full cycle factory in Vologda. In January 2021, Timios, based in India announced the launch of its organic baby porridge product to add to its portfolio of toddler snacks including energy bars, pre-probiotic bites, and melts.