The Worldwide Event Services Industry is Expected to Reach $1.3 Billion by 2031 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Event Services Market By Service, By Event Type, By End User, By Organization: Global Opportunity Analysis and Industry Forecast, 2021-2031” report has been added to ResearchAndMarkets.com’s offering.
The event services market size was valued at $515.8 billion in 2021 and is expected to reach $1,349.0 billion by 2031, registering a CAGR of 7.6% from 2022 to 2031.
Key Market Players
- Basset Events, Inc.
- wonderland
- Access Destination Services
- BCD Group
- ATPI Ltd.
- StubHub
- FX Group Ltd.
- Martin Audio Ltd.
- International Security Agency
- Intelligent Protection International Limited
Events are public gatherings of people at a particular time and place for a specific reason. The purpose of conducting an event includes business profitability, celebratory, entertainment, and community causes. The most popular events include conference & exhibition, corporate events & seminar, promotion & fundraising, music & art performance, sports, festival, trade shows, and product launch. The key stakeholders within the events industry include corporate organizations and public organizations & NGOs.
Growth of the global event services market is driven by surge in frequency of conducting 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, multi-dimensional events act as a key driver for the growth of the global event services market. In addition, sponsorships from various brands, including Redbull, Monster Energy, Nike, Cocoa Cola, and others for global three-day festival and a small gig or act in a social club or arena boost the market growth. Moreover, introduction of new media platforms and distribution methods offers scope for giants to interact and organize events involving artists, performers, speakers, and business coaches. However, surge in market entry cost and rise in industry fragmentation hinder the growth of the industry.
The event services market is segmented on the basis of service, event type, end user, organization, and region. Depending on service, it is segregated into strategy, planning, budget & development; communication & logistics; attendees management & engagement; event catering; virtual or hybrid event enabler; location rental; and others.
According to event type, it is fragmented into music concert, festivals, sports, exhibitions & conferences, corporate events & seminar, and others. As per end user, it is categorized into corporate, sports, education, entertainment, and others. By organization, it is classified into small & medium enterprises, large enterprises, government bodies, and NGOs. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current & emerging trends and opportunities in the global event services market.
- It provides detailed qualitative and quantitative analysis of current trends and future estimations that assists to evaluate the prevailing market opportunities.
- Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
- Extensive analysis of the market 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.
Key Market Segments
By Service
- Strategy, Planning, Budget, and Development
- Communication and Logistics
- Attendees Management and Engagement
- Event Catering
- Virtual or Hybrid Event Enabler
- Location Rental
- Others
By Event Type
- Others
- Music Concert
- Festivals
- Sports
- Exhibitions and Conferences
- Corporate Events and Seminars
By End User
- Corporate
- Sports
- Education
- Entertainment
- Others
By Organization
- Small and Medium Enterprises
- Large Enterprises
- Government Bodies and NGOs
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Singapore
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa,
- Saudi Arabia
- UAE
- Rest of LAMEA
For more information about this report visit https://www.researchandmarkets.com/r/ui2ccl
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
