USD 1146.9 billion
Event Management Market Size, Share, Growth Analysis, By Type(Music Concert, Festivals, Sports, Exhibitions and Conferences), By Revenue sources(Ticket Sale, Sponsorship, and Others), By Organizer(Corporate, Sports, Education, Entertainment), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25S2021 |
Region:
Global |
Published Date: February, 2024
Pages:
233
|Tables:
95
|Figures:
70
Event Management Market Insights
Event Management Market size was valued at USD 1146.9 billion in 2022 and is poised to grow from USD 1242.8 billion in 2023 to USD 1848.8 billion by 2031, at a CAGR of 10.18% during the forecast period (2024-2031)
Event Management is becoming popular since The company makes the event process less stressful, ensures it runs smoothly, takes care of the legalities, and has the right contacts.
Planning an event can be very time consuming and can move several parts that require time and attention. Therefore, the event management agency and other industrial professions included in that agency can help to reduce the time and do it the process with a cost efficient method. Without event management One cannot know about the recent trends in the market which the management agency can provide and recommend to implement to achieve the vision of the eventSeamless collaboration is must for the smooth event,These collaboration can help one to manage internal stakeholder expectations while all other hand the event management agency can focus on creative and innovative event execution to ensure the vision is brought to the life.However, sometimes communication gaps between attendees and organizations offering can sometimes have negative impact on the growth of the market.
US Event Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Music Concert
Fastest Growth
Music Concert
Growth Rate
10.18% CAGR
Global Event Management Market ($ Bn)
Country Share for Europe Region (%)
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Event Management Market Segmental Analysis
Global Event Management market is segmented on the basis of type, Revenue source, organizer, age group and region. By type, the market is segmented into Music Concert, Festivals, Sports, Exhibitions and Conferences, Corporate Events and Seminars, and Others. By revenue source, the market is segmented into Ticket Sale, Sponsorship, and Others. By organizer, the market is segmented into Corporate, Sports, Education, Entertainment, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Event Management Market Analysis by Type
By type, the global market is divided into many segments such as Music Concert, Festivals, Sports, Exhibitions and Conferences, Corporate Events and Seminars, and Others. Corporate Events segment held the largest global Event Management market share due to the wide range of benefits provided by Event Management in it.Furthermore, these provide very smooth connectivity and efficient operation of event modules. Event management firms across all over the world are continuously focusing on the development and integrity of Event Management in various types of applications. Demand for miniaturization and IoT technology is growing which also boosts the Event Management market globally.
Global Event Management Market By Type
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Event Management Market Regional Insights
Globally, Europe is estimated to hold the highest global Event Management market share in 2021. Main factors during this growth period are the presence of top market players,and various conferences held on a large scale and others.
Above all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Event Management technology in the region of Asia Pacific and mainly in China and Japan. Penetration of mobile internet in Asia Pacific has doubled in the last few years that also aided the growth of market.In addition, event management operators are investing heavily in order to provide high speed services at an affordable price to the consumers, which is likely to boost the demand for Event Management in the region.
Global Event Management Market By Region
- Largest
- Fastest
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Event Management Market Dynamics
Event Management Market Drivers
INcreased demand for Advance Data Solutions to Bolster Market Growth
- The Event Management card is a type of key facilitator To provide advanced analytics that is comprehensive set of analytical techniques and methods designed for helping event management companies discover trends and patterns, solve problems and accurately predict the future and drive change using data driven and fact driven information.These tools introduced in the market helps event management company with average skills to explode data and enjoy the advantage of.Augmented analytics and technological advancement.This integration of event management with technology will help the market to grow in future.
Event Management Market Restraints
High Setup Cost to Hinder Market Growth
- To set up an event company, there are several necessaryInvestments such as investments in new technology, advanced products, and for research and development.Moreover, one has to invest in drones, virtual reality system and impressive advancement in automation technology.This investments in infrastructure as well as technological devices can hinder the growth of market in future.
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Event Management Market Competitive Landscape
Competition in the global Event Management market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of services compatible with Event Management will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Event Management Market Top Player’s Company Profiles
- Bassett Events, Inc
- MKG
- Colin Cowie
- David Tutera
- A Perfect Event
- Rafanelli Events
- Oren Co
- Wonderland
- Eventive
- Royal DSM
- Autodesk
- Lincoln Financial Group
- Parkinson Foundation
- Visit Orlando
Event Management Market Recent Developments
- In October 2022, Events.com, a global provider of frictionless, user-friendly event planning and sponsorship management software, acquired HelpGetSponsors.com (HGS), an event sponsorship technology company. The acquisition allows Events.com to provide its current and future customers with the tools and skills to find, sell, and manage sponsors, in-kind partners, vendors, and expo sales
Event Management Key Market Trends
- Along with VR, one of the emerging trends in the event management industry is AR.While we are is necessary to create completely virtual world, on the other hand, augmented reality in image management changes the perception of reality by superimposing sounds, videos, graphics to it with physical real world.Environment.
Event Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Event Management market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such as usage of advanced data solutions. Event Management will enable service to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1146.9 billion |
| Market size value in 2031 | USD 1848.8 billion |
| Growth Rate | 10.18% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Event Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Event Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Event Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Event Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Event Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Event Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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