USD 1.3 trillion
Report ID:
SQMIG25S2021 |
Region:
Global |
Published Date: January, 2025
Pages:
233
|Tables:
95
|Figures:
70
Global Event Management Market size was valued at USD 1.3 trillion in 2023 and is poised to grow from USD 1.43 trillion in 2024 to USD 3.09 trillion by 2032, growing at a CAGR of 10.1% during the forecast period (2025-2032).
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 - 2025-2032
Global Market Size
USD 1.3 trillion
Largest Segment
Music Concert
Fastest Growth
Music Concert
Growth Rate
10.1% CAGR
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Global Event Management Market is segmented by Event Type, Revenue Source, Organizer and region. Based on Event Type, the market is segmented into Corporate Events and Seminar, Sport Events, Music Concert, Exhibitions and Conferences, Festivals and Others. Based on Revenue Source, the market is segmented into Sponsorship, Tickets and Others. Based on Organizer, the market is segmented into Corporate, Sports, Education, Entertainment and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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.
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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.
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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.
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 2023 | USD 1.3 trillion |
Market size value in 2032 | USD 3.09 trillion |
Growth Rate | 10.1% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Trillion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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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