Event Management Services Market

Global Event Management Services Market: Overview

Impressive growth rate is set to be recorded in the global event management services market over the forecast period of 2020 to 2030. As conferences, corporate events, exhibitions, live performances and festivals witness an increase in their number, demand for these services will grow, adding to the market worth in a big way. Transparency Market Research claims that corporate organizations, Non-Governmental Organizations, and public organizations are key stakeholders in the market landscape.

A host of other trends and drivers are also ensuring growth in the global event management services market. Some of these are growing disposable income, leading to higher demands for such events, and innovation in event organization. Creativity and new methods are out pouring, contributing to higher revenues in the market over the forecast period.

Global Event Management Services Market: Competitive Landscape

Over the forecast period, the global event management services market will witness developments in its landscape that have the potential of changing the way the market has traditionally operated. Some of the most notable players that are fuelling growth in the market, taking it on to a higher growth trajectory include:

• 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.

Players are highly focused on technology and improvement in their offerings to chart growth. Alliances also help these players to enter new markets or penetrate deeper into an existing one. Therefore, it is neither surprising nor uncommon to witness mergers and acquisitions and partnerships and collaborations.

Global Event Management Services Market: Key Trends and Drivers

• A notable increase in events of varied types is seen across the world. This is set to drive the global event management services market on an upward facing growth curve over the forecast period. Some of these events that are increasing in number world over are music festivals, product launches, exhibitions, conferences, and so on.
• Increasing disposable incomes and draining work schedules are pushing the millennial populace towards a search for new and improved entertainment options. This is the reason that demands for events – music festivals, concerts, live events, and galas – are growing a dizzying pace. Additionally, it is worth noting here that event top-honchos require new and cerative use of technology, along with a memorable experience for their audience and the media.

Global Event Management Services Market: Regional Analysis

European region is set to witness traction in these services over the forecast period owing to increasing number of music festivals – regional and international. One of the most prominent events is Tomorrowland. This is driving a number of companies to crop up in the regional landscape. As they compete to gain stronger foothold, market revenue is expected to shoot up. Another strong regional market is that of North America. However, it is quite significant to note here that it will be the Asia Pacific (APAC) region that will lead players towards a hub of novel opportunities leading to profitability. Significant push to growth in this market will be given by India and China.