Global Events Services Market, By Services (Professional Services, Managed Services), Deployment (Cloud, On-Premise), Organization Size (Small and Medium-sized Enterprises (SMEs), and Large Enterprises), End User (Corporate, Government, Third-party Planner, Education, and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Events Services Market
Data Bridge Market Research analyses that the events services market will exhibit a CAGR of 13.5% for the forecast period of 2022-2029.
The term event refers to a public assembly of the general public at a specific time and location. Increased business profitability, celebration, entertainment, and community causes are just a few of the reasons for hosting an event. Conferences and exhibitions, trade exhibits, promotion and fundraising, business events and seminars, sports, music and art performances, festivals, and product launches are among the most common types of events. Corporate entities, public entities, and non-governmental organizations (NGOs) are the primary stakeholders in the events market.
The growing demand for online registration and payment is the primary factor driving the demand and growth of event management as a service business in the forecast period. The events services market is being driven by the rising demand for online registration and payment and need for reduced total cost of ownership. The upsurge in the number of events and meetings is a major factor driving the market's growth. Furthermore, draining work schedules and increasing disposable income are driving up demand for events and hence the flourishing growth rate of events services market. Other significant factors such as growing urbanization and technological advancement will cushion the growth rate of events services market. Another vital factor includes the changing lifestyle and increasing stress levels, which will accelerate the growth of the events services market.
Moreover, increase in infrastructure development and emerging new market will boost the beneficial opportunities for the events services market growth. Various technical innovations and strategic collaborations are expected to create new opportunities for the events services market in the future years.
However, high entry barriers will hinder the growth of the events services market. Also, the presence of other alternatives will further pose challenges to the market. Other factors including lack of awareness and emergence of unfavorable conditions due to the COVID-19 outbreak will act as market restrain and will further obstruct the growth rate of events services market.
This events services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on events services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Events Services Market Scope and Market Size
The events services market is segmented on the basis of services, deployment, organization size and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Events services market is segmented on the basis of services into professional services, and managed services.
- Events services market is segmented on the basis of deployment into cloud and on-premise.
- Events services market is segmented on the basis of organization size into small and medium-sized enterprises (SMES), and large enterprises.
- Events services market is segmented on the basis of end user into corporate, government, third-party planner, education, and others.
Events Services Market Country Level Analysis
The events services market is analysed and market size, volume information is provided by country, services, deployment, organization size and end user as referenced above.
The countries covered in the events services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe is projected to dominate the events services market due to the rising number of regional and international music festivals in this region. Asia-Pacific is expected to grow at a significant rate during the forecast period of 2022-2029 due to presence of major key players and the proliferation of technology industry in this region.
The country section of the events services market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Events Services Market Share Analysis
The events services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to events services market.
Some of the major players operating in the events services market are KitApps, Inc./Attendify, Active Network, LLC, Aventri, Inc., Cvent Inc., Eventbrite, New Work SE, Arlo, Glue Up, EventBooking, Circa, RainFocus, Bizzabo, EventMobi, Gather Technology ltd., Clarion Events Ltd., CL Events, Freeman, Questex, Capita, and Live Nation Worldwide Inc., among others.