Market Report Hub is a top leading provider of syndicated and custom market research reports, we provide innovative business intelligence to clients from a variety of industries.
Events Industry Market Analysis, Challenges, Growth and Forecast By 2030
Available Formats
This growth is mainly attributed to an increase in corporate events and the emergence of virtual events due to the pandemic. Additionally, the introduction of innovative technologies such as artificial intelligence, virtual reality, and robotics are also driving the growth of the events industry market. Furthermore, the increasing demand for experiential marketing, event analytics and data-driven insights, and the rise of virtual events are further boosting the growth of the events industry market. Events refer to public gathering of populace art a determined time and place for a purpose. The purpose for staging an event can be increase in business profitability, celebratory, entertainment, and community causes. The most popular events include conference & exhibition, corporate events and seminar, promotion & fundraising, music & art performance, sports, festival, trade shows, and product launch. The key stakeholders within the events market are corporate organizations, public organizations & NGOs, and similar others.
The growth of the global events industry is majorly driven by upsurge in frequency of corporate meetings, inductions, conferences, exhibitions, music concerts, and sports events. Furthermore, deployment of best-in-class technology that can handle the entire event propels the industry growth. Moreover, customarily held multidimensional events acts as a key driver of the global events market. In addition, sponsorships from various brands such as Redbull, Monster Energy, Nike, Cocoa Cola, and others for a major global three-day festival down as well as a small gig or act in a social club or arena boost the market growth. Introduction of new media platforms and distribution methods further offers scope for giants to interact and organize events involving artists, performers, speakers, and business coaches. However, higher entry cost and industry fragmentation are some of the major restraints of the industry.
The global events market is segmented into type, revenue source, organizer, and age group. Based on type, the market is divided into music concert, festivals, sports, exhibitions & conferences, corporate events & seminar, and others. On the basis of revenue source, it is segregated into ticket sale, sponsorship, and others. As per organizer, it is categorized into corporate, sports, education, entertainment, and others. By age group, it is fragmented into below 20 years, 21–40years, and 41 years & above.
The report highlights the drivers, restraints, opportunities, and growth strategies adopted by the key players to understand the dynamics and potential of the industry. Key players operating in the events industry are PROFILED to provide a competitive landscape of the marketspace.
The major players profile in the report are:
Access Destination Services, BCD GROUP (BCD MEETINGS & EVENTS), ATPI Ltd., Riviera Events, Entertaining Asia, Live Nation Worldwide Inc., StubHub, Anschutz Entertainment Group, Pollstar, Cvent Inc., Capita Plc., Reed Exhibitions, Questex LLC, Outback Concerts, The Freeman Company, Penguins Limited, CL Events, Seven Events Ltd., Clarion Events Ltd., and Versatile Event Management.
KEY BENEFITS FOR STAKEHOLDERS
• The report includes an in-depth analysis of different segments and provides market estimations between 2023 and 2030.
• Porter’s five forces model illustrates the potency of buyers & sellers, which assists the market players to adopt effective strategies.
• Key market players are PROFILED to gain an understanding of the strategies adopted by them.
• This report provides a detailed analysis of the current trends and future estimations from 2023 to 2030, which helps identify the prevailing market opportunities.
KEY SEGMENTS
• By Type
Music Concert
Festivals
Sports
Exhibitions & Conferences
Corporate Events & Seminar
Others
• By Revenue Source
Tickets
Sponsorship
Others
• By Organizer
Corporate
Sports
Education
Entertainment
Others
• By Age Group
Below 20 Years
21–40 Years
41 Years & Above
• By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
The research methodology employed by Market Report Hub is designed to ensure the highest standards of data integrity, reliability, and relevance in our market research reports. We understand that the quality of our research methods directly impacts the value we provide to our clients. Our methodology encompasses the following key components:
1. Data Collection:
We utilize a multifaceted approach to data collection, combining primary and secondary sources. Primary data is collected through surveys, interviews, and interactions with industry experts, while secondary data is gathered from trusted sources, including academic publications, government reports, and industry databases.
2. Research Design:
Our research design is customized to suit the unique requirements of each market research project. We consider variables such as market size, geography, industry sector, and the specific information needs of our clients to create a tailored research framework.
3. Sampling Techniques:
To ensure the representativeness of our data, we employ rigorous sampling techniques. We take into account factors such as geographical diversity, market segments, and demographic variations, striving for a sample that accurately mirrors the target population.
4. Data Analysis:
Our data analysis process involves both quantitative and qualitative methods. Quantitative data is processed using statistical tools and software, providing precise metrics and trends. Qualitative data is analyzed to identify nuanced insights and emerging patterns.
5. Industry Expertise:
Our team of seasoned industry experts and analysts plays a pivotal role in the research process. Their deep industry knowledge allows for in-depth interpretation of data and the identification of critical trends and opportunities.
6. Quality Assurance:
We have a stringent quality assurance process in place to verify the accuracy and consistency of our findings. This includes data validation, cross-referencing, and regular reviews by our experts.
7. Ethical Standards:
Market Report Hub is committed to ethical research practices. We ensure that our data collection and handling procedures comply with data protection regulations and respect the confidentiality and privacy of individuals and organizations.
8. Continuous Improvement:
We believe in continuous improvement. Feedback from clients and ongoing market changes inform our efforts to refine and enhance our research methodologies to better serve our clients' evolving needs.
9. Transparency:
We are dedicated to transparency in our research process. Clients have access to detailed descriptions of our methodology, data sources, and the rationale behind our research decisions.
Encourage clients to provide feedback on your reports and services. Use this feedback to continuously improve the quality and relevance of your insights.
Latest Insights
Offering dedicated support to our clients is an excellent way to enhance their experience and build strong, long-lasting relationships. Need support ? Submit a ticket.
Get Support
top leading provider of syndicated and custom market research reports, and that you focus on providing innovative business intelligence to clients from various industries.
Call Now : +1417 231 4946