the global events industry is anticipated to garner $1,457.2 million in the 2021–2028 timeframe, growing from $1,134.5 million in 2020 at a healthy cagr of 23.1% acquisition and business expansion among market players, along with growth in corporate events, seminars, exhibitions are anticipated to drive the growth of the events industry. the global events industry is witnessing rapid growth due to increase in government sponsorships as well as company sponsorships. the entertainment sub-segment of the global events industry is anticipated to have a dominant market share and surpass $27,286.1 million by 2028, with an increase from $453.3 million in 2020. the entertainment sub-segment involves music conferences, live concerts, and other entertainment events.
technological advancements such as online booking for sports events, music concerts, and others are estimated to drive the growth of events industry in europe during the forecast period. with the growing frequency of events across the world, the events industry is booming and expected to see marvelous growth in the coming years. furthermore, rise in the virtual events by most of the businesses and individuals has opened doors to novel opportunities for the event industry players during the pandemic crisis. hence, it is indeed right to say that the upward growth curve of the events industry is going to endure for long in the coming years.
we decided to provide events professionals in apac mea with some much-needed clarity during these uncertain times by publishing monthly reports that identify benchmarks that can help assess the growth and recovery of the events industry. with these reports, we hope to help event planners, marketers and attendees adjust to the ‘new normal’ of the meetings and events industry. our latest edition of the report covers trends related to maintaining business momentum through events, planner concerns regarding physical events in 2021, sourcing safer venues for in-person/hybrid events, and more!
this month’s report highlights the general direction the industry is heading towards, by showing us a stable trend in the survey results. in this month’s edition, we talk about the lasting impact of the pandemic on the event generated revenue, attendee mix at virtual events, changes in the venue sourcing process, and event planning challenges expected in 2021. in the august edition, we talk about how hybrid events being the next-big-thing, how virtual events are redefining the rules of attendee engagement, and how event planners now have a new set of priorities. these reports are part of our continued efforts to gather and publish insights, on a monthly basis, on the trends developing in the events industry, following the global health crisis.
events industry to reach $1552.9 billion by 2028, grow at a cagr of 11.2% from 2021 to 2028. region wise, europe accounted for the highest revenue in 2019. the 21-40 years sub-segment of the global events industry is anticipated to have a dominant market share and surpass $679.0 million by 2028, with an increase these reports will help event planners, marketers and attendees adjust to the ‘new normal’ of the meetings and events industry., event industry statistics 2021, event industry statistics 2021, event industry statistics 2022, events industry statistics, event industry outlook 2020.
events market research reports and industry analysis examine events market and events related services worldwide. key metrics are identified and measured to according to verified market research, the global events industry market size was valued at usd 886.99 billion in 2020 and is projected to reach 2022 (globe newswire) — the “events industry by type, revenue source, organizer and age group: global opportunity analysis and, global events industry, event management industry analysis, event industry after covid, event industry growth, events industry market size, event industry covid, event venue industry analysis, what is event management industry, corporate events market size, virtual events market size.
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