Summary
The global Events Sevices Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Events services wide range of services such as entertainment and events related shows for corporate events, family-oriented functions, special events, trade shows, conventions, meetings, awards nights, retreats, concerts, banquets, weddings, birthdays, and so on. These services also provide corporate entertainment planning and production services to thousands of companies, organizations, and individuals. Events Services can help to design and produce a variety of events and entertainments to suit your needs.
An increasing number of music concerts and events is a key factor driving the growth of the events services market. Moreover, the rise in events such as sports, exhibitions & conferences, seminars, and others are also projected to foster the growth of the market. Shifting preferences of artists towards touring and conducting music concerts is again expected to accelerate the growth of the events services market. The US Bureau of Labor Statistics predicts that the event industry will grow by 44% from 2010 to 2020, exceeding most growth predictions for other industries. Furthermore, growth in sports events which has become more commercialized in recent years is further anticipated to augment the growth of the events services market. Sports industry offer significant marketing advertisement opportunity for event management players.
Europe is projected to exhibit significant growth over the forecast period and this is attributed to the strong growth in the sports tourism industry in the region. According to the CBI, the Centre for the Promotion of Imports, sports tourism represents about 10% of the global expenditure on tourism. Europe was the largest market in the global sports tourism industry in 2018. The global sports tourism market was valued at €1.5 billion in 2018 and was expected to grow to close to €7 billion by 2023, which is an average annual growth rate of 36%, making it the fastest-growing tourism market.
Key Developments:
- In March 2020, Aventri has entered into a partnership with three digital event providers — Digitell, Evia, and Intrado Digital Media — to help customers who have had to rethink their events in the wake of the coronavirus outbreak
- In September 2020, Planet has partnered with Everbridge, the global provider of Critical Event Management, to bring a powerful new data source to global security and operations teams
- In July 2020, Digital Journal Group (DJG) and Moore Carlyle Consulting (MCC) have announced a partnership for producing live, virtual, and hybrid events for brands. The partnership combines deep journalism and marketing experts with extensive experience in event planning, production, and creative design.
The Events Sevices Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Events Sevices Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- ATPI
- Live Nation Entertainment
- ACCESS Destination Services
- BCD Meetings & Events
- Oak View Group
- AEG Worldwide
- Riviera Events
- Entertaining Asia
- Questex
- Cvent
- Capita
By the Product Type, the market is primarily segmented into:
- Music Concert
- Festivals
- Sports
- Exhibitions & Conferences
- Corporate Events & Seminar
- Others
By Applications, the market is segmented into:
- Corporate
- Sports
- Education
- Entertainment
- Others
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Events Sevices Market Report:
- To assess the size of the market by value and volume
- Analyze the Events Sevices Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Events Sevices Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Events Sevices Market
The Events Sevices Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Events Sevices Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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