Press release
Event Management Services Market Forecasted to Hit US$2,815 Bn by 2031 - Persistence Market Research
Market Overview and Growth DriversThe event management services market is projected to grow from US$1,319 billion in 2024 to US$2,815 billion by 2031, reflecting a robust compound annual growth rate (CAGR) of 11.4% over the forecast period. This growth is primarily attributed to the increasing demand for specialized event services and the rise in corporate and social events globally. Technologies such as AI, automation, and data analytics are transforming how events are organized and executed, creating new opportunities for event managers and service providers. Additionally, the rise of virtual and hybrid events, particularly in the wake of the COVID-19 pandemic, is further propelling the demand for innovative solutions in event management.
Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): www.persistencemarketresearch.com/samples/8470
The North American region is expected to lead the market during the forecast period, driven by a strong presence of leading event management companies, a well-developed infrastructure for corporate events, and high disposable incomes among consumers. The region's robust adoption of advanced technologies and a growing trend toward personalized and experiential events are key factors contributing to its dominance in the global market. Other regions, such as Europe and Asia-Pacific, are also anticipated to experience significant growth, with varying driving factors such as increasing corporate activities, cultural events, and government initiatives.
Key Highlights from the Report:
• The global event management services market is projected to reach US$2,815 billion by 2031.
• The market is estimated to grow at a CAGR of 11.4% from 2024 to 2031.
• The adoption of AI and other advanced technologies is significantly boosting market growth.
• North America is forecasted to lead the market due to a strong event management infrastructure.
• The demand for hybrid and virtual events is rising post-pandemic, influencing market dynamics.
• Personalized and customized event services are increasingly becoming a priority for consumers.
Market Segmentation
• Product Type Segmentation
The event management services market is segmented based on the types of services offered. These include event planning, event logistics, event marketing, and event technology services. Event planning involves creating the structure and flow of events, including venue selection, themes, and vendor management. Event logistics focuses on the practical elements such as transportation, accommodations, and on-site coordination. Event marketing refers to the strategies employed to promote events, while event technology covers services like event apps, virtual event platforms, and audience engagement tools.
Each service type plays a critical role in the successful execution of an event, and the market is seeing an increasing demand for event technology as more businesses and individuals opt for digitally enhanced experiences. The integration of AI, data analytics, and live-streaming technologies is driving growth in the event technology segment, making it one of the fastest-growing categories in the market.
• End-User Segmentation
The end-users of event management services include corporate clients, government organizations, entertainment companies, and individual consumers. Corporate clients often require event management services for product launches, conferences, and seminars, where professional and seamless execution is crucial. Government organizations utilize these services for public events, festivals, and conferences, while entertainment companies focus on organizing concerts, festivals, and other large-scale events. Individual consumers typically hire event management services for weddings, parties, and personal celebrations.
The corporate segment dominates the market due to the high volume of corporate events held worldwide. As businesses increasingly focus on brand experiences and employee engagement through events, the demand for specialized event management services is expected to continue to rise. However, the individual consumer segment is also growing, driven by the increasing desire for customized and high-quality personal events.
Regional Insights
• North America
North America is the largest and fastest-growing region in the event management services market. The region benefits from a well-established event infrastructure, strong corporate presence, and high consumer spending power. The rise of hybrid and virtual events, alongside the increasing adoption of cutting-edge technologies, is further accelerating growth in this region. Cities like Las Vegas, New York, and Toronto host numerous high-profile events and conferences, contributing to North America's dominance in the market.
• Asia-Pacific
The Asia-Pacific region is expected to witness rapid growth in the event management services market due to the increasing number of corporate events, exhibitions, and social gatherings in countries like China, India, and Japan. The rise in disposable income, a burgeoning middle class, and the growing interest in destination events are some of the key factors contributing to this growth. The expansion of tourism and the increasing popularity of cultural festivals are also driving demand for event management services in the region.
Market Drivers
The event management services market is driven by several key factors. First, the adoption of advanced technologies such as AI, VR, and augmented reality (AR) has revolutionized the way events are planned and executed. These technologies enhance attendee experiences, streamline operations, and enable organizers to gather data for better decision-making. Second, the growing demand for personalized and unique event experiences is driving market growth. Consumers increasingly seek tailored events that reflect their individual preferences and needs. Lastly, the rising trend of hybrid and virtual events, particularly in the post-pandemic era, has expanded the market and created new opportunities for service providers.
Market Restraints
Despite the growth prospects, there are several challenges hindering the expansion of the event management services market. One of the key restraints is the high cost associated with organizing large-scale events, which may deter small businesses or individual clients from utilizing professional services. Additionally, the complexities involved in coordinating multi-faceted events, including logistics, technology integration, and vendor management, can be overwhelming for event organizers, leading to potential delays or inefficiencies. Lastly, the fluctuating economic conditions, especially in developing markets, can affect consumer spending on non-essential events, impacting the overall market.
Market Opportunities
The event management services market presents several opportunities for growth. As more businesses recognize the importance of brand experiences, there is a growing demand for corporate events such as trade shows, product launches, and conferences. Furthermore, the rise of sustainability-conscious consumers presents an opportunity for event organizers to incorporate eco-friendly practices and green technologies into their services. Additionally, with the increasing shift toward hybrid events, there is a vast opportunity for companies to integrate virtual platforms and digital tools to create engaging experiences for remote attendees.
Frequently Asked Questions (FAQs)
• How Big is the Event Management Services Market?
• Who are the Key Players in the Global Event Management Services Market?
• What is the Projected Growth Rate of the Event Management Services Market?
• What is the Market Forecast for the Event Management Services Market in 2032?
• Which Region is Estimated to Dominate the Event Management Services Industry through the Forecast Period?
Company Insights
Key players operating in the event management services market include:
• Cvent
• Informa
• Reed Exhibitions
• Freeman
• Eventbrite
• The Walt Disney Company
• GL Events
• Live Nation Entertainment
Recent Developments:
1. In 2024, Cvent introduced a new AI-powered event management software that enhances virtual and hybrid event experiences, offering real-time analytics and attendee engagement features.
2. Freeman launched an innovative augmented reality platform to enhance audience engagement at trade shows and exhibitions, providing interactive experiences for attendees.
The event management services market is positioned for substantial growth, driven by technological innovations, evolving consumer preferences, and expanding opportunities in both the corporate and personal event sectors.
Contact Us:
Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Event Management Services Market Forecasted to Hit US$2,815 Bn by 2031 - Persistence Market Research here
News-ID: 3943989 • Views: …
More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…

Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…

Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…

Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Event
Streamlining Event Planning with Event Zone EMG's Innovative Tools
In the fast-paced world of event planning, having the right tools can make all the difference. Event Zone EMG understands this need and has developed a suite of innovative tools designed to simplify the event planning process for both professional planners and individuals alike.
Event Budgeting Tool
One of the standout features is the Event Budgeting Tool, which allows users to create and manage their event budgets efficiently. This tool helps users…
Collectors Club Grand Opening Event: Wynwood's Premier Luxury Collectibles Event
Image: https://www.abnewswire.com/upload/2025/01/f92aa184d25018eea188d7bc5fe22e65.jpg
Miami, FL - January 31, 2025 - A groundbreaking new destination for collectors, enthusiasts, and connoisseurs of high-end trading cards and memorabilia is set to redefine the industry. Collectors Club, located in the heart of Wynwood, Miami, officially opens its doors today, Friday, January 31, at 8 PM. This unprecedented experience combines an elite collectibles showcase, on-site AI-powered card grading, and a luxurious lounge-all in one stunning venue.
A Never-Before-Seen…
Enhance Any Outdoor Event with A-Frame Event Tents
Outdoor events provide a unique opportunity to connect with your audience in a natural and engaging environment. Whether you're organizing a festival, corporate event, or a community gathering, the choice of event tent can significantly impact the experience of your attendees. Among the various options available, the A-frame event tent [https://www.tourletent.com/pvc-wall-sandwich-panels-wall-glass-wall-single-span-large-area-a-frame-tent-product/] stands out as a versatile and practical choice for manufacturers and event organizers alike.
Versatility in Design
A-frame event tents [https://www.tourletent.com/transparent-pvc-roof-aluminum-frame-luxury-outdoor-wedding-event-party-marquee-tents-product/]…
UK and Ireland Virtual Event Market to Witness Comprehensive Growth by 2027 ; Fi …
As per the report published by Allied Market Research, the UK and Ireland virtual event market was accounted for $3.14 billion in 2019, and is estimated to reach $36.18 billion by 2027, growing at a CAGR of 13.3% from 2021 to 2027.
Rise in trend of work from home, surge in sponsorship for virtual events, low operational cost in organizing virtual events, and the globalization of businesses drive the growth of…
UK and Ireland Virtual Event Market to Generate $36.18 Billion by 2027 | First E …
As per the report published by Allied Market Research, the UK and Ireland virtual event market was accounted for $3.14 billion in 2019, and is estimated to reach $36.18 billion by 2027, growing at a CAGR of 13.3% from 2021 to 2027.
Rise in trend of work from home, surge in sponsorship for virtual events, low operational cost in organizing virtual events, and the globalization of businesses drive the growth of…
Event Planning App - How to Develop Event Management Apps?
Event Planners Are Turning to App Makers to Develop Event Planning Apps for Their Business
The event management businesses are using technology to develop event planning apps which help them improve their services.
Fully-Customizable & Industry Specific Library of Pre-built Business Modules @
Mobile apps have given the event management businesses a platform to improve and better their business by creating event planning apps.
Fully-Customizable & Industry Specific Library of Pre-built Business Modules @…