Events services play a crucial role in planning, organizing, and managing various events. Their applications encompass corporate conferences, trade shows, music festivals, weddings, and more. Key features of the events services market include event registration and ticketing, venue selection, agenda management, networking tools, and analytics for post-event evaluation. Events services enable seamless attendee engagement, efficient resource allocation, and data-driven insights to optimize event success. Whether for business or personal events, these services ensure smooth execution, memorable experiences, and valuable connections for both organizers and attendees.
According to Data Bridge Market Research, the Global Events Services Market is expected to grow with a CAGR of 13.5% in the forecast period of 2022 to 2029.
“Increasing demand for online registration services boosts the market’s growth”
The events services market is experiencing growth due to the increasing demand for online registration services. As events and conferences move towards virtual and hybrid formats, organizers and attendees prefer the convenience of registering online. Online registration platforms offer ease of access, secure payment options, and real-time updates, streamlining the registration process. Additionally, online registration enables organizers to gather valuable data for event planning and marketing strategies. The growing trend of online registration is driving the expansion of the events services market.
What restraints the growth of the global events services market?
“High costs restraints the market’s growth”
The events services market faces restraints due to the high costs involved in organizing events. Expenses related to venue rentals, equipment, catering, and staff can be substantial. Moreover, fluctuating demand and seasonality can impact revenue streams, making it challenging for businesses to maintain profitability. Additionally, economic downturns and budget constraints faced by clients may lead to reduced event spending. To overcome these obstacles, event service providers must adopt cost-effective strategies, offer flexible packages, and emphasize the value and unique experiences they can deliver.
Segmentation: Global Events Services Market
The global events services market is segmented on the basis of services, deployment, organization size, and end user.
- On the basis of services, the market is segmented into professional services, and managed services.
- On the basis of deployment, the market is segmented into cloud and on-premise.
- On the basis of organization size, the market is segmented into small and medium-sized enterprises (SMES), and large enterprises.
- On the basis of end user, the market is segmented into corporate, government, third-party planner, education, and others.
Regional Insights: Europe is projected to dominate the Global Events Services Market
Europe is projected to dominate the events services market due to the increasing number of regional and international music festivals. As music festivals gain popularity among audiences, event organizers seek specialized services to plan, manage, and execute successful festivals, driving the demand for event services in the region.
Asia-Pacific is expected to grow at a significant rate during the forecast period of 2022-2029 owing to the presence of major key players and the thriving technology industry. Established players offer diverse event services, while the technology industry provides innovative solutions, enhancing event management and customer experience, leading to increased demand for event services in the region.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-events-services-market
The Prominent Key Players Operating in the Global Events Services Market Include:
- KitApps, Inc./Attendify (U.S.)
- Active Network, LLC (U.S.)
- Aventri, Inc. (U.S.)
- Cvent Inc. (U.S.)
- Eventbrite (U.S.)
- New Work SE (U.K.)
- Arlo (U.K.)
- Glue Up (U.S.)
- EventBooking (U.S.)
- Circa (U.S.)
- RainFocus (U.S.)
- Bizzabo (U.S.)
- EventMobi (U.S.)
- Gather Technology ltd. (U.S.)
- Clarion Events Ltd. (U.K.)
- CL Events (U.K.)
- Freeman (U.S.)
- Questex (U.S.)
- Capita (U.K.)
- Live Nation Worldwide Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global events services market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Events Services Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
