India Event Management Market Overview, 2029

India Event Management Market Overview, 2029

The event management in India has developed fundamentally throughout the long term, mirroring the country's social lavishness, financial development, and mechanical headways. Generally established in conventional festivals and local area Events, the business started professionalizing during the 1990s with India's monetary advancement, which prodded corporate Events, item dispatches, and gatherings as organizations tried to grow their scope. The 2000s denoted a time of expansion and worldwide impact, with significant urban communities becoming focal points for weddings, shows, design shows, and worldwide gatherings. Innovation plays had a crucial impact, presenting online ticketing, occasion applications, and computerized promoting procedures that upgrade crowd commitment and functional proficiency. India's facilitating of worldwide Events like Sports competitions and film Festivals has additionally raised its height in the worldwide occasion the board scene. Today, the business keeps on developing across different areas, confronting difficulties, for example, and administrative consistence and foundation restrictions yet staying strong and creative in gathering assorted event managements need the nation over. Wizcraft International Entertainment Pvt. Ltd. stands out as one of the largest and most influential firms, renowned for organizing high-profile events like the IIFA Awards and mega weddings. Percept Ltd. follows closely, integrating entertainment, media, and sports management with a strong presence in event planning and execution. Cineyug Group of Companies excels in event management, film production, and celebrity management, handling prestigious Bollywood award shows and corporate events. Fountainhead MKTG, a part of Dentsu Aegis Network, specializes in experiential marketing and large-scale brand activations. DNA Networks focuses on music concerts and international touring acts, contributing significantly to India's live entertainment scene. E-Factor Entertainment Pvt. Ltd. offers comprehensive event solutions, particularly in corporate events and brand activations. Showtime Group is recognized for its expertise in corporate event management and exhibitions, while Encompass Events Pvt. Ltd. provides integrated event management services across India.

According to the research report ""India Event Management Market Overview, 2029,"" published by Bonafide Research, the India event management market is anticipated to grow at more than 10.237% CAGR from 2024 to 2029. The event managements market in India is encountering powerful development, driven by a mix of variables that set out huge open doors and expected influences for the business. India's different social scene and fast monetary improvement have powered a thriving interest for Events going from corporate gatherings and expos to weddings, Festivals, and sports party. Expanding dispensable salaries and a developing working class have increased spending on festivals and corporate Events, extending the market size, this segment shift is supplemented by India's young populace, known for its tendency towards experiential and customized occasion encounters, subsequently spurring an interest for imaginative occasion arrangements. Infrastructure development has upset occasion the board rehearses in India. The multiplication of cell phones and web network has empowered the reception of virtual Events, half and half organizations, and high-level occasion the board programming. This innovative jump improves occasion productivity and participant commitment as well as opens entryways for worldwide support and sponsorships, consequently enhancing the market's compass and effect. Foundation improvement assumes a significant part, with India seeing interests in current scenes, lodgings, and transportation organizations, especially in metropolitan urban communities like Mumbai, Delhi, and Bangalore. This improvement upholds bigger scope Events as well as lifts India's allure as an objective for global gatherings and shows, further catalysing market development. Geo-cloning has also become a go-to strategy for various major exhibition organizers looking to expand globally. It involves less of the risk of a brand-new launch and an existing brand reputation to use as a launch pad. Statement of intent geo-cloning has proven to be a valuable tactic.

Corporate Events and workshops lead because of the country's vigorous business scene, where enterprises have different Events, for example, gatherings, classes, item dispatches, and corporate gatherings. India's flourishing economy, with a critical presence of worldwide organizations and a thriving start-up biological system, drives the interest for proficient event management’s administrations to coordinate these get-togethers. Festivals are the quickest developing fragment in India's occasion the board business. Festivals in India envelop social, strict, and occasional festivals that are well established in the country's assorted customs. Festivals like Diwali, Holi, Eid, Durga Puja, and others draw in huge groups and have a significant social and social importance. The development of Festivals is energized by expanding urbanization, rising dispensable salaries, and a restored interest in conventional festivals among the more youthful age. Festivals additionally act as stages for the travel industry advancement and social trade, contributing fundamentally to the economy and the sports section in India's event managements market is additionally significant, driven by the country's enthusiasm for cricket, football, kabaddi, and different Sports. Significant competitions like the Indian Premier League (IPL) and global Sports draw in huge crowds and sponsorships, making Sports a critical income generator. Music concerts take special care of India's enormous youth populace and developing metropolitan culture, with Events highlighting both global and local craftsmen, displays assume an essential part in areas like exchange, training, and workmanship, exhibiting developments, items, and thoughts to designated crowds. The 'Other' segment includes charity events, community gatherings, personal Festivals like weddings, and political events. These events vary widely in scale and purpose, contributing to the diversity of India's event management landscape. Compared to other countries, India's event management market stands out for its rich cultural tapestry, diverse festivals, and a robust corporate sector driving demand for professional events.

Sponsorship arises as the main income source basically because of its capacity to give significant monetary support to Events across different areas. Sponsorship includes companies, brands, or people putting resources into Events to acquire perceivability, improve brand picture, and arrive at ideal interest groups. Corporate sponsorships are especially predominant in huge scope Events like Sports competitions, live performances, and corporate gatherings. These supporters frequently contribute assets in return for noticeable marking valuable open doors, publicizing space, and admittance to occasion participants, in this way driving critical income for occasion coordinators. Ticket sales address the quickest developing income source in India's occasion the board scene. This development is powered by expanding buyer readiness to pay for premium occasion encounters, going from shows and social exhibitions to sports matches and presentations. Fast urbanization, rising dispensable wages and a blossoming working class add to a developing interest for live diversion and experiential Events, supporting ticket sales income, in digital ticketing stages have improved on the tagging system, making it simpler for coordinators to contact a more extensive crowd and upgrade ticket deal effectiveness. Merchandise Sale, events often offer branded merchandise such as apparel, souvenirs, and collectibles related to the event or performer, generating additional revenue streams beyond ticket sales and sponsorships. Food and Beverage Sale, concessions and catering services at events contribute to revenue through the sale of food, beverages, and refreshments, catering to attendee preferences and enhancing the overall event experience. Streaming Service, with the rise of digital platforms, events can monetize by offering live streaming services to audiences unable to attend physically, thereby expanding reach and generating revenue from virtual ticket sales or subscription fees. Vendor Fees, events often host vendors and exhibitors who pay fees for booth space to showcase products or services, providing a supplementary revenue stream for organizers.

Corporate Events include a great many exercises, for example, gatherings, classes, item dispatches, and corporate gatherings. These Events are significant for organizations to upgrade brand perceivability, network with partners, send-off new items, and drive sales. With India being a center for worldwide companies, new businesses, and SMEs, there is a steady interest for expertly oversaw corporate Events, making this fragment the forerunner concerning income age and volume of Events. The sports portion is the quickest developing area in India's event management’s scene. The ascent of sports associations, competitions, and Sports across disciplines like cricket, football, kabaddi, and others has essentially added to the development of this section. Expanding fan commitment, sponsorships from brands and media inclusion have pushed the Sports business forward. The prominence of Sports stretches out past metro urban communities, arriving at level 2 and level 3 urban communities where there is a blossoming interest in sports and sporting exercises. Education-related Events centre on courses, studios, and scholarly gatherings focused on understudies, instructors, and experts looking for constant acquiring and ability improvement. These Events assume a urgent part in information dispersal, organizing among the scholarly community, and encouraging joint efforts between organizations. Entertainment Events envelop shows, live performances, film debuts, and social shows that take care of different crowds looking for sporting and recreation exercises. These Events gain by India's rich social legacy and energetic media outlet, drawing in both local and worldwide members. The 'Other' section incorporates Events coordinated by non-profit organizations (NPOs), local gatherings, government bodies, and confidential people for different purposes like social causes, local area commitment, government drives, and confidential festivals like weddings and birthday Festivals. While these sections may not independently match the size of corporate or Sports, they contribute fundamentally to the general variety and liveliness of India's occasion the board market.
Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Event Management market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Corporate Event and seminars
• Festival
• Sports
• Music Concert
• Exhibitions
• Others

By Revenue Source
• Sponsorship
• Ticket Sale
• Others

By Organizer
• Corporate
• Sports
• Education
• Entertainment
• Others

By Age Group
• below 20 years
• 21-40 years
• above 40 years

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Event Management industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.