Events Industry Market Size, Trends and Insights By Type (Music Concerts, Festivals, Sports, Exhibitions & Conferences, Corporate Events & Seminar, 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), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Access Destination Services
- ATPI Ltd.
- Anschutz Entertainment Group
- BCD Group (BCD Meetings & Events)
- Cvent Inc.
- Capita Plc.
- Others
Reports Description
According to recent market research by the CMI Team, there will be a 13.5% CAGR in the global events industry market from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 1022.4 Billion. By 2033, the valuation is anticipated to reach USD 3274.6 Billion.
Events Industry Market: Overview
Events are public gatherings at a set time and place with a specific purpose. An event can be organized for various reasons, including increasing business profitability, celebrating, entertaining, or supporting community concerns.
The most popular events are conferences and exhibitions, business events and seminars, promotions and fundraisers, music and art performances, sports, festivals, trade shows, and product launches. Corporate organizations, public organizations, and non-governmental organizations (NGOs) are among the most important stakeholders in the events business.
The worldwide events sector is growing mostly due to an increase in the frequency of corporate meetings, inductions, conferences, exhibitions, music concerts, and sporting events. Furthermore, using best-in-class technology to manage the event drives industry growth.
Furthermore, traditionally held multidimensional events are a fundamental driver of the global events business. Furthermore, sponsorships from various businesses such as Redbull, Monster Energy, Nike, Coca-Cola, and others for a large global three-day festival and a little event or show in a social club or stadium help drive market expansion.
- According to the India Brand Equity Foundation and Retailers Association of India, the retail market size across India will reach USD 1,750 billion by 2026.
Events Industry Market: Growth Factors
Rising demand for corporate events
The increasing demand for corporate events is expected to drive the expansion of the events industry market. Businesses across the globe know the importance of in-person networking for developing relationships, encouraging cooperation and improving team cohesion.
Events such as conferences, seminars and trade exhibitions provide opportunities for professionals to engage, share ideas and form partnerships. Events have gained importance in organizations that have their businesses abroad because they offer cross-border networking.
Furthermore, events are very popular for experiential marketing, allowing firms to create immersive and memorable experiences to attract consumers. The company strategies its products and services by launching and trade exhibitions, which help it to demonstrate its services and attract consumers.
Technological advancements
Technological advancements had a positive impact on the growth of the event industry. Online booking, phone calls, emails, and video conferences have transformed event planning, making it cost-effective and accessible.
This adjustment in strategy allows event organizers to reach a larger client base through various inventive methods made possible by digital evolution. The increasing use of smartphones, desktop apps, and other tools has streamlined event organizations.
They allow individuals to organize, coordinate and carry out jobs in a minimal time without any effort. Due to this advancement, events can be easily organized through webinars and video conferences. Thus driving the market growth.
Events Industry Market: Recent Development
The events industry market adopted several strategies, including product launches, acquisitions, collaboration, and expansion. Some of the company strategies include:
- In May 2023, Globe-Tech Media Solutions announced a four-day engineering expo at the Auto Cluster Exhibition Centre in Pune. The Engineering Expo seeks to bring together innovative and energetic stakeholders from the engineering and manufacturing industries, offering industry professionals and buyers a unique opportunity to exchange ideas and learn about the newest trends and technology.
- In April 2023, Qala India announced an exhibition for fashion designers in Indore at the city’s Radisson Blu, featuring womenswear, menswear, textiles, and lifestyle goods. The exhibition was designed to bridge the gap between well-known designers and tier 2 cities to enable shoppers to discover new brands and enable brands to tap into new customer demographics.
These product launches and collaboration strategies have expanded the company’s market presence in the events industry market and gained its competitive edge.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Events Industry Market | Raw Pet Food Market | Shapewear Market |
| CAGR 13.5% (Approx) | CAGR 4.7% (Approx) | CAGR 5.1% (Approx) |
| USD 3274.6 Billion by 2033 | USD 50,478.8 Million by 2033 | USD 7,430.1 Million by 2033 |
Events Industry Market: Challenge
Technological barriers and cybersecurity concerns
With the growing trend of virtual and hybrid events, event organizers must employ modern technology platforms that offer streaming, interactive seminars, and attendee interaction tools. However, choosing, implementing, and administering these tools necessitates specialized knowledge and substantial resources.
Small and medium-sized event firms, in particular, may struggle to adapt to these sophisticated systems, resulting in concerns with quality and scalability. Furthermore, with such vast amounts of attendee data collected for registration, tracking, and engagement, cybersecurity is a major worry. Events, particularly virtual ones, are vulnerable to data breaches, hacking, and unwanted access.
Events Industry Market: Category-Wise Insights
By Type:
The music concerts segment dominates the market. The segment expansion is attributed to the growing popularity of music festivals. Big music festivals such as Coachella, Glastonbury, and Tomorrowland hold a significant population crowd worldwide and generate revenue from ticket sales, sponsorships, and merchandising. Furthermore, the growth of hybrid and streaming concerts drives the market growth.
Besides, the sports segment is growing rapidly owing to the increasing popularity of various sports, including cricket, football, hockey and others. Furthermore, the growing demand for live sports experiences florish the expansion of the market.
By Revenue Source:
The ticket sale segment captures a prominent market share in the events industry. The segment expansion is attributable to the rising demand for in-person experiences. After the pandemic, the surging demand for live, in-person experiences across music, sports, theatre and others is gaining momentum. Moreover, the growth in online and mobile ticketing drives the expansion of the market.
Besides, the sponsorship segment shows a rapid expansion. The growing influence of digital and social media sponsorship drives the industry’s growth. As events grow more digital, brands have developed strategies to reach real and internet audiences. Sponsored content on event apps, livestreams, and social media allows marketers to engage attendees in a more engaging, shareable style.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 1022.4 Billion |
| Projected Market Size in 2033 | USD 3274.6 Billion |
| Market Size in 2023 | USD 923 Billion |
| CAGR Growth Rate | 13.5% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Revenue Source, Organizer, Age Group and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your research requirements. |
Events Industry Market: Regional Analysis
North America dominates the events industry market. In-person events are in high demand in North America, especially as live entertainment, sports, and festivals start full swing. This includes strong ticket sales, crowds eager to participate in concerts, festivals, and theatre events.
The social aspect of live events is still highly valued, contributing to consistent revenue growth across the industry. Additionally, the region’s hybrid and virtual events growth is expected to drive market growth.
However, the Asia Pacific is growing significantly in the global events industry market owing to the increasing interest in sports among the population.
List of the prominent players in the Events Industry Market:
- Access Destination Services
- ATPI Ltd.
- Anschutz Entertainment Group
- BCD Group (BCD Meetings & Events)
- Cvent Inc.
- Capita Plc.
- CL Events
- DRPG Group
- Entertaining Asia
- Eventbrite
- Event Farm
- Freeman
- GL Events
- Informa PLC
- Live Nation Entertainment
- Others
The Events Industry Market is segmented as follows:
By Type
- Music Concerts
- Festivals
- Sports
- Exhibitions & Conferences
- Corporate Events & Seminar
- 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
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Events Industry Market (2024 – 2033) (USD Billion)
- 2.2 Global Events Industry Market: snapshot
- Chapter 3. Global Events Industry Market – Industry Analysis
- 3.1 Events Industry Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising demand for corporate events
- 3.2.2 Technological advancements
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Revenue Source
- 3.7.3 Market Attractiveness Analysis By Organizer
- 3.7.4 Market Attractiveness Analysis By Age Group
- Chapter 4. Global Events Industry Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Events Industry Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Events Industry Market: Type Analysis
- 5.1 Global Events Industry Market Overview: By Type
- 5.1.1 Global Events Industry Market Share, By Type, 2023 and 2033
- 5.2 Music Concerts
- 5.2.1 Global Events Industry Market by Music Concerts, 2024 – 2033 (USD Billion)
- 5.3 Festivals
- 5.3.1 Global Events Industry Market by Festivals, 2024 – 2033 (USD Billion)
- 5.4 Sports
- 5.4.1 Global Events Industry Market by Sports, 2024 – 2033 (USD Billion)
- 5.5 Exhibitions & Conferences
- 5.5.1 Global Events Industry Market by Exhibitions & Conferences, 2024 – 2033 (USD Billion)
- 5.6 Corporate Events & Seminar
- 5.6.1 Global Events Industry Market by Corporate Events & Seminar, 2024 – 2033 (USD Billion)
- 5.7 Others
- 5.7.1 Global Events Industry Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Events Industry Market Overview: By Type
- Chapter 6. Global Events Industry Market: Revenue Source Analysis
- 6.1 Global Events Industry Market Overview: By Revenue Source
- 6.1.1 Global Events Industry Market Share, By Revenue Source, 2023 and 2033
- 6.2 Ticket Sale
- 6.2.1 Global Events Industry Market by Ticket Sale, 2024 – 2033 (USD Billion)
- 6.3 Sponsorship
- 6.3.1 Global Events Industry Market by Sponsorship, 2024 – 2033 (USD Billion)
- 6.4 Others
- 6.4.1 Global Events Industry Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Events Industry Market Overview: By Revenue Source
- Chapter 7. Global Events Industry Market: Organizer Analysis
- 7.1 Global Events Industry Market Overview: By Organizer
- 7.1.1 Global Events Industry Market Share, By Organizer, 2023 and 2033
- 7.2 Corporate
- 7.2.1 Global Events Industry Market by Corporate, 2024 – 2033 (USD Billion)
- 7.3 Sports
- 7.3.1 Global Events Industry Market by Sports, 2024 – 2033 (USD Billion)
- 7.4 Education
- 7.4.1 Global Events Industry Market by Education, 2024 – 2033 (USD Billion)
- 7.5 Entertainment
- 7.5.1 Global Events Industry Market by Entertainment, 2024 – 2033 (USD Billion)
- 7.6 Others
- 7.6.1 Global Events Industry Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Events Industry Market Overview: By Organizer
- Chapter 8. Global Events Industry Market: Age Group Analysis
- 8.1 Global Events Industry Market Overview: By Age Group
- 8.1.1 Global Events Industry Market Share, By Age Group, 2023 and 2033
- 8.2 Below 20 years
- 8.2.1 Global Events Industry Market by Below 20 Years, 2024 – 2033 (USD Billion)
- 8.3 21–40 years
- 8.3.1 Global Events Industry Market by 21–40 years, 2024 – 2033 (USD Billion)
- 8.4 Above 40 years
- 8.4.1 Global Events Industry Market by Above 40 Years, 2024 – 2033 (USD Billion)
- 8.1 Global Events Industry Market Overview: By Age Group
- Chapter 9. Events Industry’s Market: Regional Analysis
- 9.1 Global Events Industry’s Market Regional Overview
- 9.2 Global Events Industry’s Market Share, by Region, 2023 & 2033 (USD Billion)
- 9.3. North America
- 9.3.1 North America Events Industry’s Market, 2024 – 2033 (USD Billion)
- 9.3.1.1 North America Events Industry’s Market, by Country, 2024 – 2033 (USD Billion)
- 9.3.1 North America Events Industry’s Market, 2024 – 2033 (USD Billion)
- 9.4 North America Events Industry’s Market, by Type, 2024 – 2033
- 9.4.1 North America Events Industry’s Market, by Type, 2024 – 2033 (USD Billion)
- 9.5 North America Events Industry’s Market, by Revenue Source, 2024 – 2033
- 9.5.1 North America Events Industry’s Market, by Revenue Source, 2024 – 2033 (USD Billion)
- 9.6 North America Events Industry’s Market, by Organizer, 2024 – 2033
- 9.6.1 North America Events Industry’s Market, by Organizer, 2024 – 2033 (USD Billion)
- 9.7 North America Events Industry’s Market, by Age Group, 2024 – 2033
- 9.7.1 North America Events Industry’s Market, by Age Group, 2024 – 2033 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Events Industry’s Market, 2024 – 2033 (USD Billion)
- 9.8.1.1 Europe Events Industry’s Market, by Country, 2024 – 2033 (USD Billion)
- 9.8.1 Europe Events Industry’s Market, 2024 – 2033 (USD Billion)
- 9.9 Europe Events Industry’s Market, by Type, 2024 – 2033
- 9.9.1 Europe Events Industry’s Market, by Type, 2024 – 2033 (USD Billion)
- 9.10 Europe Events Industry’s Market, by Revenue Source, 2024 – 2033
- 9.10.1 Europe Events Industry’s Market, by Revenue Source, 2024 – 2033 (USD Billion)
- 9.11 Europe Events Industry’s Market, by Organizer, 2024 – 2033
- 9.11.1 Europe Events Industry’s Market, by Organizer, 2024 – 2033 (USD Billion)
- 9.12 Europe Events Industry’s Market, by Age Group, 2024 – 2033
- 9.12.1 Europe Events Industry’s Market, by Age Group, 2024 – 2033 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Events Industry’s Market, 2024 – 2033 (USD Billion)
- 9.13.1.1 Asia Pacific Events Industry’s Market, by Country, 2024 – 2033 (USD Billion)
- 9.13.1 Asia Pacific Events Industry’s Market, 2024 – 2033 (USD Billion)
- 9.14 Asia Pacific Events Industry’s Market, by Type, 2024 – 2033
- 9.14.1 Asia Pacific Events Industry’s Market, by Type, 2024 – 2033 (USD Billion)
- 9.15 Asia Pacific Events Industry’s Market, by Revenue Source, 2024 – 2033
- 9.15.1 Asia Pacific Events Industry’s Market, by Revenue Source, 2024 – 2033 (USD Billion)
- 9.16 Asia Pacific Events Industry’s Market, by Organizer, 2024 – 2033
- 9.16.1 Asia Pacific Events Industry’s Market, by Organizer, 2024 – 2033 (USD Billion)
- 9.17 Asia Pacific Events Industry’s Market, by Age Group, 2024 – 2033
- 9.17.1 Asia Pacific Events Industry’s Market, by Age Group, 2024 – 2033 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Events Industry’s Market, 2024 – 2033 (USD Billion)
- 9.18.1.1 Latin America Events Industry’s Market, by Country, 2024 – 2033 (USD Billion)
- 9.18.1 Latin America Events Industry’s Market, 2024 – 2033 (USD Billion)
- 9.19 Latin America Events Industry’s Market, by Type, 2024 – 2033
- 9.19.1 Latin America Events Industry’s Market, by Type, 2024 – 2033 (USD Billion)
- 9.20 Latin America Events Industry’s Market, by Revenue Source, 2024 – 2033
- 9.20.1 Latin America Events Industry’s Market, by Revenue Source, 2024 – 2033 (USD Billion)
- 9.21 Latin America Events Industry’s Market, by Organizer, 2024 – 2033
- 9.21.1 Latin America Events Industry’s Market, by Organizer, 2024 – 2033 (USD Billion)
- 9.22 Latin America Events Industry’s Market, by Age Group, 2024 – 2033
- 9.22.1 Latin America Events Industry’s Market, by Age Group, 2024 – 2033 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Events Industry’s Market, 2024 – 2033 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Events Industry’s Market, by Country, 2024 – 2033 (USD Billion)
- 9.23.1 The Middle-East and Africa Events Industry’s Market, 2024 – 2033 (USD Billion)
- 9.24 The Middle-East and Africa Events Industry’s Market, by Type, 2024 – 2033
- 9.24.1 The Middle-East and Africa Events Industry’s Market, by Type, 2024 – 2033 (USD Billion)
- 9.25 The Middle-East and Africa Events Industry’s Market, by Revenue Source, 2024 – 2033
- 9.25.1 The Middle-East and Africa Events Industry’s Market, by Revenue Source, 2024 – 2033 (USD Billion)
- 9.26 The Middle-East and Africa Events Industry’s Market, by Organizer, 2024 – 2033
- 9.26.1 The Middle-East and Africa Events Industry’s Market, by Organizer, 2024 – 2033 (USD Billion)
- 9.27 The Middle-East and Africa Events Industry’s Market, by Age Group, 2024 – 2033
- 9.27.1 The Middle-East and Africa Events Industry’s Market, by Age Group, 2024 – 2033 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Access Destination Services
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 ATPI Ltd.
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Anschutz Entertainment Group
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 BCD Group (BCD Meetings & Events)
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Cvent Inc.
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Capita Plc.
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 CL Events
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 DRPG Group
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Entertaining Asia
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Eventbrite
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Event Farm
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Freeman
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 GL Events
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Informa PLC
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Live Nation Entertainment
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Others.
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.1 Access Destination Services
List Of Figures
Figures No 1 to 35
List Of Tables
Tables No 1 to 102
Prominent Player
- Access Destination Services
- ATPI Ltd.
- Anschutz Entertainment Group
- BCD Group (BCD Meetings & Events)
- Cvent Inc.
- Capita Plc.
- CL Events
- DRPG Group
- Entertaining Asia
- Eventbrite
- Event Farm
- Freeman
- GL Events
- Informa PLC
- Live Nation Entertainment
- Others
FAQs
The key factors driving the Market are Rising demand for corporate events, Technological advancements.
The “Music Concerts” category dominated the market in 2023.
The key players in the market are Access Destination Services, ATPI Ltd., Anschutz Entertainment Group, BCD Group (BCD Meetings & Events), Cvent Inc., Capita Plc., CL Events, DRPG Group, Entertaining Asia, Eventbrite, Event Farm, Freeman, GL Events, Informa PLC, Live Nation Entertainment, Others.
“North America” had the largest share in the Events Industry Market.
The global market is projected to grow at a CAGR of 13.5% during the forecast period, 2024-2033.
The Events Industry Market size was valued at USD 1022.4 Billion in 2024.