Events Industry by Type (Music Concert, Festivals, Sports, Exhibitions and Conferences, Corporate Events and Seminars, and Others), Revenue Source (Ticket Sale, Sponsorship, and Others), Organizer (Corporate, Sports, Education, Entertainment, and Others), and Age Group (Below 20 Years, 21-40 Years, and Above 40 Years): Global Opportunity Analysis and Industry Forecast 2021–2028
The events industry size was valued at $1,135.4 billion in 2019 and is expected to reach $1,552.9 billion by 2028, registering a CAGR of 11.2% from 2021 to 2028.
Events refer to public gathering of populace at a determined time and place for a purpose. The purpose for staging an event can be increase in business profitability, celebratory, entertainment, and community causes. The most popular events include conference & exhibition, corporate events & seminar, promotion & fundraising, music & art performance, sports, festival, trade shows, and product launch. The key stakeholders within the events industry are corporate organizations, public organizations & NGOs, and similar others.
The growth of the global events industry is majorly driven by upsurge in frequency of corporate meetings, inductions, conferences, exhibitions, music concerts, and sports events. Furthermore, deployment of best-in-class technology that can handle the entire event propels the industry growth. Moreover, customarily held multi-dimensional events act as a key driver of the global events industry. In addition, sponsorships from various brands such as Redbull, Monster Energy, Nike, Cocoa Cola, and others for a major global three-day festival as well as a small gig or act in a social club or arena boost the market growth. Nevertheless, introduction of new media platforms and distribution methods further offers scope for giants to interact and organize events involving artists, performers, speakers, and business coaches. However, higher market entry cost and industry fragmentation are some of the major restraints of the industry.
The events industry is segmented into type, revenue source, organizer, age group, and region. On the basis of type, the market is divided into music concert, festivals, sports, exhibitions & conferences, corporate events & seminar, and others. On the basis of revenue source, it is segregated into ticket sale, sponsorship, and others. As per organizer, it is categorized into corporate, sports, education, entertainment, and others. By age group, it is fragmented into below 20 years, 21–40years, and above 40 years.
The major players profiled in the report are Access Destination Services, BCD GROUP (BCD MEETINGS & EVENTS), ATPI Ltd., Riviera Events, Entertaining Asia, Live Nation Worldwide Inc., StubHub, Anschutz Entertainment Group, Pollstar, Cvent Inc., Capita Plc., Reed Exhibitions, Questex LLC, Outback Concerts, The Freeman Company, Penguins Limited, CL Events, Seven Events Ltd., Clarion Events Ltd., and Versatile Event Management.
Key benefits for stakeholders
The report includes an in-depth analysis of different segments and provides market estimations between 2021 and 2028.
Porter’s five forces model illustrates the potency of buyers & sellers, which assists the market players to adopt effective strategies.
Key market players are profiled to gain an understanding of the strategies adopted by them.
This report provides a detailed analysis of the current trends and future estimations from 2021 and 2028, which helps identify the prevailing market opportunities.
Key Segments
By Type
Music Concert
Festivals
Sports
Exhibitions and Conferences
Corporate Events and Seminars
Others
By Revenue Source
Ticket Sale
Sponsorship
Others
By Organizer
Corporate
Sports
Education
Entertainment
Others
By Age Group
Below 20 Years
21-40 Years
Above 40 Years
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Russia
Netherlands
Sweden
Belgium
Denmark
Finland
Poland
Czehia
Hungary
Romania
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
Singapore
Indonesia
Philippines
Thailand
Malaysia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
South Africa
United Arab Emirates
Qatar
Egypt
Nigeria
Colombia
Chile
Israel
Rest of LAMEA
List of Company Profiles
Access Destination Services
BCD GROUP (BCD MEETINGS & EVENTS)
ATPI Ltd.
Riviera Events
Entertaining Asia
Live Nation Worldwide Inc.
StubHub
Anschutz Entertainment Group
Pollstar
Cvent Inc.
Capita Plc.
Reed Exhibitions
Questex LLC
Outback Concerts
The Freeman Company
Penguins Limited
CL Events
Seven Events Ltd.
Clarion Events Ltd
Versatile Event Management.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook