[Latest] Global Events Industry Market Size/Share Worth USD

Austin, TX, USA, June 15, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Events Industry Market Size, Trends and Insights By Type (Music Concert, Festivals, Sports, Exhibitions and Conferences, Corporate Events and Seminars, Others), By Revenue Source (Ticket Sale, Sponsorship, Others), By Organizer (Corporate, Sports, Education, Entertainment, Others), By Age Group (Below 20 Years, 21-40 Years, Above 40 Years), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Events Industry Market Size & share was valued at approximately USD 1,190.4 Billion in 2022 and is expected to reach USD 1246.65 Billion in 2023 and is expected to reach a value of around USD 1,752.9 Billion by 2032, at a compound annual growth rate (CAGR) of about 12% during the forecast period 2023 to 2032.”

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Events Industry Market -Growth Factors and Dynamics

The events industry market is characterized by dynamic factors that shape its growth and development. Understanding these dynamics is crucial for event organizers and stakeholders. Here are some key dynamics in the events industry market:

Evolving Consumer Expectations: Consumer expectations in the events industry are continuously evolving. Attendees seek unique and immersive experiences, personalized interactions, and meaningful engagement. Event organizers need to innovate and incorporate elements like technology integration, experiential marketing, and customization to meet these changing expectations.

Digital Transformation: Digital transformation has significantly impacted the events industry. Online ticketing platforms, event management software, virtual and hybrid event solutions, and social media promotion have reshaped the way events are planned, executed, and experienced. Embracing digital tools and platforms is crucial for event organizers to enhance efficiency, reach wider audiences, and deliver engaging experiences.

Rise of Experiential Events: Experiential events have gained prominence in the industry. Attendees seek immersive and memorable experiences that go beyond traditional event formats. Event organizers are focusing on incorporating interactive elements, unique themes, live performances, and sensory experiences to create lasting impressions and increase attendee satisfaction.

Sustainability and Social Responsibility: Environmental sustainability and social responsibility have become significant considerations in the events industry. Event organizers are adopting sustainable practices, reducing waste, minimizing carbon footprints, and promoting ethical sourcing. Incorporating social impact initiatives and supporting local communities are also key factors in event planning and execution.

Integration of Technology: Technology plays a crucial role in enhancing event experiences. Event organizers are leveraging technologies like event apps, live streaming, augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) to enhance engagement, provide personalized experiences, and facilitate seamless event execution.

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Report Scope

Feature of the Report	Details
Market Size in 2023	USD 1246.65 Billion
Projected Market Size in 2032	USD 1,752.9 Billion
Market Size in 2022	USD 1,190.4 Billion
CAGR Growth Rate	12% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Type, Revenue Source, Organizer, Age Group and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Events Industry report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Events Industry report has been modified to include the COVID-19 impact study prior to delivery.)

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Events Industry Market: COVID-19 Analysis

The COVID-19 pandemic has had a profound impact on the events industry market. Governments around the world implemented strict restrictions on public gatherings and travel, leading to widespread event cancellations, postponements, and shifts towards virtual or hybrid formats. Here is an analysis of the impact of COVID-19 on the events industry:

Event Cancellations and Postponements: The pandemic forced the cancellation or postponement of numerous events, including conferences, trade shows, music festivals, sports tournaments, and cultural gatherings. This resulted in significant revenue losses for event organizers, as well as disruptions to the supply chain and event-related industries.
Shift to Virtual and Hybrid Events: To adapt to the restrictions, many events transitioned to virtual or hybrid formats. Virtual events allowed attendees to participate remotely through live streaming platforms, webinars, and virtual conferences. Hybrid events combined in-person and virtual elements to cater to both local and remote participants. The adoption of virtual and hybrid events provided alternative revenue streams and kept the industry active during the pandemic.
Financial Impact: The events industry faced substantial financial challenges due to the pandemic. Event organizers experienced a revenue decline, loss of sponsorship deals, reduced ticket sales, and decreased exhibitor participation. Many small and medium-sized event companies faced financial strain, while larger players explored cost-cutting measures and sought government assistance to sustain their operations.
Health and Safety Measures: Health and safety became paramount concerns for the events industry. Event organizers had to implement stringent health protocols, including temperature checks, sanitization stations, physical distancing measures, and mandatory mask-wearing. These measures added additional costs and logistical challenges for event planning and execution.
Technology Adoption: The pandemic accelerated the adoption of technology in the events industry. Event organizers rapidly embraced virtual event platforms, streaming services, and event management software to facilitate online interactions, networking, and content delivery. The industry witnessed innovations in virtual event experiences, including interactive features, virtual booths, and networking tools.
Uncertain Recovery Outlook: The events industry continues to face uncertainties regarding the recovery timeline. The lifting of restrictions and the return to pre-pandemic attendance levels depend on factors such as vaccination rates, government regulations, public confidence, and the control of new variants. The industry is gradually transitioning back to in-person events as restrictions ease, but the pace of recovery varies across regions and event types.
Resilience and Adaptability: The events industry demonstrated resilience and adaptability during the pandemic. Event organizers and professionals quickly pivoted their strategies, explored new revenue streams, and embraced innovative event formats. The industry showed its ability to adapt to changing circumstances and find creative solutions to deliver engaging experiences.

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Key questions answered in this report:

What is the size of the Events Industry market and what is its expected growth rate?
What are the primary driving factors that push the Events Industry market forward?
What are the Events Industry Industry's top companies?
What are the different categories that the Events Industry Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Events Industry market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Key Players in the Events Industry Market:

The events industry encompasses a wide range of sectors, including event planning, event management, venue management, event technology, and more. Here are some key players in the events industry market:

Cvent: Cvent is a leading global provider of event management software and services. Their solutions cover various aspects of event planning, registration, attendee management, and venue sourcing. Cvent offers a comprehensive suite of tools for both in-person and virtual events.
Eventbrite: Eventbrite is a popular platform that enables event organizers to create, promote, and sell tickets for a wide range of events. It caters to events of all sizes, from small local gatherings to large conferences and festivals. Eventbrite provides event management features, ticketing services, and marketing tools.
Informa PLC: Informa is a multinational event and publishing company that organizes and hosts a wide range of industry-specific events and conferences worldwide. They operate in various sectors, including healthcare, finance, technology, and more. Informa’s events cover diverse topics and attract professionals from around the globe.
Reed Exhibitions: Reed Exhibitions is one of the world’s leading event organizers, hosting a vast portfolio of trade shows, conferences, and exhibitions across multiple industries. They specialize in organizing events that bring together businesses, professionals, and industry experts to facilitate networking and business opportunities.
Freeman: Freeman is a global event management company that provides services for live and virtual events. They offer a comprehensive range of solutions, including event planning, design, logistics, audiovisual production, and experiential marketing. Freeman works with clients across various industries to create engaging and memorable event experiences.
Marriott International: Marriott International is a prominent hotel and hospitality company that also operates in the events industry. Their extensive portfolio of hotels and venues worldwide makes them a significant player in hosting conferences, meetings, and other events. Marriott offers event planning services, flexible event spaces, and accommodation options.
GL Events: GL Events is a global provider of integrated event solutions and services. They specialize in designing, organizing, and managing events, exhibitions, and conferences. GL Events operates in various sectors, including trade shows, sports events, cultural events, and corporate meetings.
Event Farm: Event Farm is an event marketing and attendee engagement platform. Their software enables event organizers to create personalized event experiences, manage guest lists, track attendee engagement, and analyze event data. Event Farm focuses on enhancing the overall event experience for both organizers and attendees.

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Browse the full “Events Industry Market Size, Trends and Insights By Type (Music Concert, Festivals, Sports, Exhibitions and Conferences, Corporate Events and Seminars, Others), By Revenue Source (Ticket Sale, Sponsorship, Others), By Organizer (Corporate, Sports, Education, Entertainment, Others), By Age Group (Below 20 Years, 21-40 Years, Above 40 Years), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/events-industry-market/

These are just a few examples of key players in the events industry market. The industry is diverse and includes many other notable companies that contribute to the planning, management, and execution of events worldwide.

List of the prominent players in the Events Industry Market:

Cvent
Eventbrite
Informa PLC
Reed Exhibitions
Freeman
Marriott International
GL Events
Event Farm
Others

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The Events Industry Market is segmented as follows:

By Type

Music Concert
Festivals
Sports
Exhibitions and Conferences
Corporate Events and Seminars
Others

By Revenue Source

Ticket Sale
Sponsorship
Others

By Organizer

Corporate
Sports
Education
Entertainment
Others

By Age Group

Below 20 Years
21-40 Years
Above 40 Years

Click Here to Get a Free Sample Report of the Global Events Industry Market @ https://www.custommarketinsights.com/report/events-industry-market/

By Region

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Events Industry Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Events Industry Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Events Industry Market? What Was the Capacity, Production Value, Cost and PROFIT of the Events Industry Market?
What Is the Current Market Status of the Events Industry Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Events Industry Market by Considering Applications and Types?
What Are Projections of the Global Events Industry Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Events Industry Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Events Industry Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Events Industry Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Events Industry Industry?

Click Here to Access a Free Sample Report of the Global Events Industry Market @ https://www.custommarketinsights.com/report/events-industry-market/

Reasons to Purchase Events Industry Market Report

Events Industry Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Events Industry Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Events Industry Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Events Industry Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Events Industry market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Events Industry Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/events-industry-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Events Industry market analysis.

The competitive environment of current and potential participants in the Events Industry market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Events Industry market should find this report useful. The research will be useful to all market participants in the Events Industry industry.

Managers in the Events Industry sector are interested in publishing up-to-date and projected data about the worldwide Events Industry market.

Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Events Industry products' market trends.

Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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