Events industry projected to reach $1.55 billion globally by 2028 at a CAGR of 11.2%: Allied Market Research

PORTLAND, Ore., January 14, 2022 /PRNewswire/ — Allied Market Research released a report entitledevents industry by type (music concert, festivals, sports, exhibitions and conferences, corporate events and seminars, and others), source of income (ticket sales, sponsorship, and others), organizer (corporate, sports, education, entertainment, and others), and age group (under 20, 21– Age 40 and Over 41): Global Opportunity Analysis and Industry Forecast, 2021-2028.” According to the report, the global events industry was valued at $1.13 billion in 2019 and is expected to hit $1.55 billion to 2028 with a CAGR of 11.2% from 2021 to 2028.

Drivers, Limitations and Opportunities –

Increasing sponsorship of events, rising interest in entrepreneurship and business seminars from young people, rising disposable incomes of individuals are driving the growth of the global events industry. On the other hand, high operational costs related to the organization of events hampers growth to some extent. However, technological advances in the high-end are expected to create lucrative opportunities in the industry.

Request a sample report at:

COVID-19 Scenario-

  • Travel restrictions around the world to prevent the spread of the pandemic negatively impacted the global events industry, particularly in the early stages of the outbreak.
  • At the same time, the temporary ban on hosting major events also significantly hampered the market. However, the market is expected to recover soon.

The entertainment segment is set to dominate by 2028 –

According to the organizer, the entertainment segment accounted for almost a third of the global events market share in 2019 and is expected to take the lead by 2028. The same segment would also lead the fastest CAGR of 12.9% throughout the forecast period. This is because entertainment events are primarily focused on innovation, education and inspiration for professionals in the electronic music field, spurring discussions on new technologies and social and environmental responsibility.

The segment of 21 to 40 year olds should hold the dominant share.

Based on age group, the 21-40 segment held around two-fifths of the global events market’s revenue in 2019 and is expected to lead by 2028. The same segment would also exhibit the fastest CAGR of 12.8% from 2020 to 2028, due to the active participation of people between the ages of 21 and 40 in events such as exhibitions, conferences, seminars and music concerts.

Europe, followed by North America, collected the main share in 2020-

Based on region, Europe, followed by North America, held the largest share in 2019 and generated more than a third of the global events market. Europe has been quite successful in attracting international association conferences, with over half of the top cities and countries being chosen as destinations for international association conferences. This factor is driving the growth of the market in this region. At the same time, the market is transverse Asia Pacific would grow at the fastest CAGR of 13.7% through 2028. Increasing interest of youth in countries such as India and China Showing interest in events such as conferences and events, exhibitions, concerts, shows and others thereby driving the market growth.

For purchase inquiries at:

Key players in the industry –

  • ATPI Ltd.
  • Riviera events
  • Entertaining Asia
  • Versatile event management
  • Live Nation Worldwide Inc.
  • poll star
  • StubHub
  • Anschutz Entertainment Group
  • Cvent Inc.
  • Capita Plc.
  • Reed Exhibitions
  • Questex LLC
  • outback concerts
  • Access target services
  • The Freeman Society
  • penguins limited
  • CL events
  • seven events ltd
  • Clarion Events Ltd.

Avenue Library Subscription | Request a 14-day free trial before purchasing:

Get more information:

Similar reports:

MICE Industry: Global Opportunity Analysis and Industry Forecast, 2017-2028

Sportswear Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

Corporate Training Market: Global Opportunity Analysis and Industry Forecast, 2021-2027

US Corporate Events Market: Opportunity Analysis and Industry Forecast, 2021-2030

About us:

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global, medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR strives to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services across 11 industries including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverage, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI .

We are in professional business relationships with various companies and this helps us to unearth market data which help us create accurate research data tables and confirm the highest accuracy of our market forecasts. All data presented in the reports we publish are extracted through primary interviews with top officials from leading companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable professionals and analysts in the industry.


David Korrea
5933 NE Win Silvers Drive
No. 205, Portland, OR 97220
United States
Toll-free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Follow us on: LinkedIn Twitter

SOURCE Allied Market Research

About Gloria Skelton

Check Also

The annual event encourages Halifax residents to explore their own backyard

An annual event that encourages Halifax residents to get outside and explore their own backyard …