Global Event Management as a Service Market Overview:
Event Management as the name suggests is the management of various aspects of conducting an event successfully. It involves overseeing logistics, staff management, finance, vendor relationships, etc. Event management may require different expertise according to the type of event. Event management may include organizing events like conferences, marriages, parties, concerts, etc. The firms that offer event management as a service; are hired to plan and execute large-scale company events, meetings, and any other above-mentioned events. Government entities, corporates, associations all utilize event management services to organize their special event.
As per latest study released by AMA Research, the Global Event Management as a Service market is expected to see growth rate of 8.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emerging Number of Event Management Services to Organize Sports Events
Market Growth Drivers:
Need to Organize Events Efficiently and in a Hassle-Free Way and Reduced Ownership Cost Due to Event Management Companies
Challenges:
Difficulty in Understanding Host Companies Culture and Traditions
Restraints:
Hindrances in the Event Management as a Service Market Due to the Restrictions Imposed by Government Due for the Limited Gatherings
Opportunities:
The rise in Demand for Event Management as a Service from Corporates and Institutions
Competitive Landscape:
With the increase in the number of social gatherings, the demand for event management as a service is also increasing. The necessary thing in this market is to build a reputation as that is the most important way to get big clients. Understanding of culture also plays a huge role in this market to satisfy the customer
Some of the key players profiled in the report are Bassett Events, Inc. (Canada), MKG (United States), Colin Cowie (United States), David Tutera (United States), A Perfect Event (United States), Rafanelli Events (United States), Oren Co (United States), Wonderland (United States), Eventive (United States) and J & R Events (India). Analyst at AMA Research see United States Players to retain maximum share of Global Event Management as a Service market by 2030. Considering Market by Services, the sub-segment i.e. Conferences & Venue Sourcing Services will boost the Event Management as a Service market. Considering Market by Events, the sub-segment i.e. Personal Events will boost the Event Management as a Service market.
Latest Market Insights:
In July 2023, Eventbrite Merges with Webex. This strategic partnership combines Eventbrite's ticketing and event management capabilities with Webex's video conferencing and collaboration tools. This aims to simplify and streamline the virtual event experience.
What Can be Explored with the Event Management as a Service Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Event Management as a Service Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Event Management as a Service
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Event Management as a Service market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Event Management as a Service market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Event Management as a Service Providers, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.