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Worldwide Events Industry to 2028 - Rise in Interest Among Youth in Entrepreneur & Business Seminars is Driving Growth - ResearchAndMarkets.com

·3-min read

The "Events Industry by Type, Revenue Source, Organizer and Age Group: Global Opportunity Analysis and Industry Forecast, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

The events industry size was valued at $1,135.4 billion in 2019 and is expected to reach $1,552.9 billion by 2028, registering a CAGR of 11.2% from 2021 to 2028.

Events refer to the public gathering of populace art at a determined time and place. The purpose for staging an event can be an increase in business profitability, celebratory, entertainment, and community causes among others. The most popular events include conference & exhibition, corporate events & seminars, promotion & fundraising, music & art performance, sports, festival, trade shows, and product launches. The key stakeholders within the events market are corporate organizations, public organizations & NGOs.

The growth of the global events industry is majorly driven by an upsurge in the 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 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 the organizer, it is categorized into corporate, sports, education, entertainment, and others. By age group, it is fragmented into below 20 years, 21-40 years, and above 40 years.

Key Benefits

  • The report provides an extensive analysis of the current and emerging events industry trends and opportunities.

  • The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing events industry opportunities in the market.

  • The events industry forecast is offered along with information related to key drivers, restraints, and opportunities.

  • The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.

  • The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

Market Dynamics

Drivers

  • Increase in Sponsorship for Events

  • Rise Interest Among Youth in Entrepreneur & Business Seminars

  • Rise in Disposable Income

Restraints

  • High Operational Cost Involved in Organizing Events

  • Entry Barriers due to Presence of Existing Giant Players

Opportunity

  • Technological Advancements

Company Profiles

  • Access Destination Services, LLC

  • Anschutz Entertainment Group

  • Bcd Meeting & Events

  • Capita plc

  • Cl Events

  • Clarion Events Ltd

  • Cvent, Inc.

  • Drpg Group

  • Entertaining Asia

  • The Atpi Group

For more information about this report visit https://www.researchandmarkets.com/r/9udzzz

View source version on businesswire.com: https://www.businesswire.com/news/home/20210514005419/en/

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