Events Industry Set For 11.2% CAGR Growth To USD 1,552

Compound annual growth rate

A report by Allied Market Research says the events industry is growing fast. The industry was worth $1,135.4 billion in 2019. It is expected to be worth $1,552.9 billion by 2028. That's a growth rate of 11.2% each year.

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An event is when people come together at a set time and place. Types of events include shows like conferences, meetings, fundraising, performances, and sports. When planning an event, it is important to know your audience and what they like. This will help make the event more exciting and engaging for them.

Events are shows that bring people together at a set time and place. There are many types of events like conferences, exhibitions, and festivals. Before an event, organizers should know what will make people happy. Finally, the event should happen in the right way.

The world events industry is split into different groups. These include music concerts, festivals, sports, exhibitions and conferences, corporate events and seminars, and other types. The industry is defined by the way it raises money, with ticket sales, sponsorships, and other methods. Depending on who's organizing the event, it can be corporate, sports-related, educational, entertainment-based, or something else entirely. Age is also a factor, with attendees typically falling into three categories: below 20 years old, 21-40 years old, and above 40 years old.

Music concerts are predicted to have the biggest growth at 13.1%.

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In 2019, sponsorship brought in the most money. This is because event organizers can get a lot of benefits from sponsors. Sponsors can also help events reach more people. This makes the events industry grow even more.

The 21-40 years age group made the most money last year. They liked going to business seminars and conferences to get help starting their own businesses. They also enjoyed music concerts and festivals.

Europe made the most money in 2019. They won many international association conferences. More than half of the top cities and countries selected were in Europe.

There are many events happening all over the world. The most popular ones are corporate events and seminars. In Asia-Pacific and Europe, there are a lot of these events happening.

Starting in this field may need a lot of money at first and there's a risk because of the big players in the industry. This is why it's expected that the industry growth could be slowed down by the potential barriers to entry during the time of events.

The report talks about big names. Access Destination Services, BCD GROUP (BCD MEETINGS & EVENTS), ATPI Ltd., and more are highlighted. The list covers noteworthy companies that stand out in the events industry. Some others mentioned include Capita Plc., Questex LLC, and Reed Exhibitions. So, if you're curious about who the report focuses on, now you know.

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The events industry was worth $1,135.4 billion in 2019. It is expected to grow to $1,552.9 billion by 2028. This is a CAGR of 11.2% from 2021 to 2028.

Most money comes from corporate events and seminars. In 2019, it brought in $314.7 billion. It might reach $454.6 billion by 2028. The growth rate is 12.4%. This is what the forecast predicts.

In 2019, sponsorship brought in the most money to the market. It made $523.7 billion. Experts predict it will make $767.0 billion by 2028. This is a 12.5% growth rate.

According to the organizer, the entertainment segment was big in 2019. It made $328.4 billion. They think it will make even more in 2028. The estimate is $493.8 billion. That's a super high growth rate of 12.9%. This will happen over a short forecast period.

People aged 21-40 spent the most money in the market. In 2019, they spent $489.8 billion. By 2028, they are expected to spend $735.2 billion. This means a growth rate of 12.8% every year.

Europe made the most money in 2019, with $419.0 billion. It's predicted that by 2028, they'll make $498.5 billion with a growth rate of 9.9%.

A new report talks about the music event market. The report comes from Allied Market Research. It talks about the market's growth. It also talks about how much money the market could make. The report says that more people are going to music events. This is because people want to have fun and enjoy music. The report also talks about how music events are becoming more popular. This is because people want to see their favorite musicians live. The report says that music events can help boost the economy. This is because they bring in lots of money. The report is interesting for anyone who loves music.

The corporate event market in the U.S. is growing rapidly. Allied Market Research reported on this trend. Their research shows that large companies are hosting more events than ever before. These events can have a big impact on their business. In order to compete, companies must stay up-to-date with the latest trends and technologies. The report also highlights the importance of location. Companies are looking for unique venues to host their events. Overall, the corporate event market in the U.S. is thriving.

The Corporate Luxury Events Market is a growing industry. Allied Market Research has researched and analyzed this market. They found that the global corporate luxury events market is expected to grow at a considerable rate. This growth is due to an increase in the popularity of corporate events like meetings and conferences. The market is also being driven by an increase in investment by multinational companies. These companies want to create high-quality corporate events that will impress their employees and partners. The Asia-Pacific region is expected to have the highest growth rate in the corporate luxury events market. With these trends, the industry is expected to grow rapidly in the coming years.

There is a market for events in Europe. The website Allied Market Research has information on it. The market is analyzed in detail. There is information on the size of the market and its growth potential. It covers different types of events such as music concerts, sports events, conferences, and exhibitions. The report also includes information on key players in the market. It can be helpful for people in the events management industry to understand the European market.

The market for Event Pro-Av Services is growing fast. Companies are looking for audio-visual solutions for events. People want high-quality displays, sound, and lighting for their events. This market is expected to grow by over 6% from 2021 to 2030. It includes services such as equipment rental, installation, and maintenance. The growth is driven by factors such as an increase in corporate events and virtual events due to the pandemic. The Asia-Pacific region is expected to have the largest market share. The future of this market looks promising with advancements in technology.

This is David Correa's contact information. He is located in Portland, OR. You can call him toll-free if you're in the USA or Canada. You can also call him from the UK or Hong Kong. If you're in India, call his number in Pune. You can also send him a fax or email him for help. Visit his website or follow him on LinkedIn.

AMR is from Allied Analytics LLP in Portland, Oregon. They are a full-service market research and business-consulting team. They give 'Market Research Reports' and 'Business Intelligence Solutions' of the highest quality to global enterprises and small businesses. They help clients make important decisions to grow their business and make progress in their market domain.

The boss of Allied Market Research is Pawan Kumar. He wants good information. We work with other businesses to get market data. This helps us make correct forecasts. We talk to important people in each industry to get our information. We also do lots of research online.

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