Event Marketing Service Market By Service (Event Planning and Management, Event Promotion and Publicity, Event Sponsorship and Partnerships, Others), By Event Type (Trade Shows, Product Launches, Exhibitions and Conferences, Promotional Events, Others), By End User (Corporate, Trade Associations, Educational Institutions, Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global event marketing service market was valued at $447,660.0 million in 2022, and is projected to reach $972,041.9 million by 2032, registering a CAGR of 7.2% from 2023 to 2032.
Event marketing services help to advertise the event to increase its visibility & attendance. For this purpose, marketing initiatives must be developed and put into action using a variety of channels, including social media, email marketing, content development, advertising, public relations, and the use of influencers or media partnerships. Event marketing services use techniques to include participants before, during, and after the event to provide a memorable and participatory experience. Gamification, interactive seminars, networking possibilities, real-time polling, surveys, and follow-ups after events are some instances of such marketing services tactics.
The market is analyzed on the basis of service, event type, end user, and region. By service, it is divided into event planning & management, event promotion & publicity, event sponsorship & partnerships, and others. As per event type, it is segmented into trade shows, product launches, exhibitions & conferences, promotional events, and others. Depending on end user, it is classified into corporate, trade associations, educational institutions, entertainment, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, the UK, and rest of Europe), Asia-Pacific (China, Japan, India, Singapore, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, United Arab Emirates, and rest of LAMEA).
Businesses must take ROI into account when allocating marketing budgets. The indicators for measuring the success of events, such as attendee engagement, lead generation, sales conversions, and brand exposure, are provided by event marketing services which help in increasing ROI during a particular period of time. Demand for event marketing services is driven by the ability to track event performance and provide ROI.
Delivering targeted event experiences depends heavily on event marketing services that offer sector-specific expertise and target niche markets. Industry knowledge and the need for customized strategies are what is driving demand for industry-focused event marketing services.
Sustainability and eco-friendly methods at events are becoming more important to clients & attendees. Event marketing service providers must modify their operations to include sustainable event management strategies into practice as well as locating eco-friendly suppliers. On the other hand, in the event marketing services market, establishing and preserving solid customer connections is crucial. Thus, managing client expectations, fulfilling particular event needs, and guaranteeing client satisfaction can be difficult. But this can be achieved through implementation of relevant strategies. Thus, effective client relationship management is a necessary step for service providers if they want to keep their current customers and attract new ones.
Further, collaboration with industry leaders & influencers raises the profile and legitimacy of events. To promote events, boost attendance, & amplify brand messaging, influencers along with event marketing service providers help customers & form connections. Moreover, it improves the quality & value of events to include thought leaders and subject matter experts as speakers or panels. Events are a key component of integrated marketing campaigns, and service providers for event marketing promote themselves as partners in delivering comprehensive marketing plans. Service providers maximize the impact of events by integrating digital marketing, content marketing, social media, and traditional advertising into event experiences to match them with larger marketing campaigns.
Professionals with the necessary skills, such as event planners, marketers, designers, technologists, and project managers, are in high demand in the event marketing sector. The competitive nature of the market, strong demand for event marketing services, and requirement for specialized knowledge make it difficult to attract & keep top clients and customers. The quantity & quality of services offered are impacted by skilled labor shortages. To remain competitive and meet customer expectations, event marketing service companies must consistently make investments in technology. However, implementing new technology is expensive and requires numerous resources. Thus, some service providers find it difficult to keep up with the quickly changing technologies in the market.
The major players operating in the global event marketing service market are Bassett Events, Cvent, CWT Meetings & Events, Freeman, Hello Destination Management, Jack Morton Worldwide, Maritz Global Events, Planit Inc., PRA Business Events, and Viva Creative. One such firm, Encore Event Technologies, specializing in event production and technology solutions, was bought by Freeman, a top global provider of event management services in 2019. With the help of this acquisition, Freeman was better equipped to provide audiovisual services, event technology, & staging, expanding its menu of event solutions. In addition, Social Tables was bought by Cvent, a well-known provider of event management technology, in 2018. The software for event seating, diagramming, and check-in was introduced by Social Tables. Through the acquisition, Cvent was able to improve its event planning and diagramming abilities, giving customers a seamless end-to-end event management solution.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the event marketing service market analysis from 2022 to 2032 to identify the prevailing event marketing service market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the event marketing service market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global event marketing service market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy ServiceEvent Planning and Management
Event Promotion and Publicity
Event Sponsorship and Partnerships
Others
By Event TypeTrade Shows
Product Launches
Exhibitions and Conferences
Promotional Events
Others
By End UserCorporate
Trade Associations
Educational Institutions
Entertainment
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
Singapore
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Rest of LAMEA
Key Market Players
Planit Inc.
Jack Morton Worldwide Inc.
CWT Global B.V.
The Freeman Company, LLC
Hello Destination Management, LLC
VIVA Creative
PRA Events, Inc.
Maritz Holdings LLC
Cvent Holding Corp.
Bassett Events
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