Key Factor Supporting Corporate Event Market Development in 2025: Rise In Business Travel Sector Fueling The Growth Of The Market Due To Increasing Conferences And Networking Needs

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Corporate Event Market Size By 2025?
In the preceding years, the size of the corporate event market has seen swift expansion. The market, which is projected to escalate from $254.53 billion in 2024 to $280.36 billion in 2025, is anticipated to have a compound annual growth rate (CAGR) of 10.2%. The growth observed in the past is due to several reasons including the surge in corporate expenditures for events, the growing significance of brand engagement, expansion of the MICE industry, an increase in the disposable income of enterprises, and a boost in sponsorships and collaborations.

How Big Is the Corporate Event Market Size Expected to Grow by 2029?
Expectations for the corporate event market size forecast a swift rise in the coming years, reaching a value of $417 billion by 2029, with a compound annual growth rate (CAGR) of 10.4%. This robust projection can be linked to the growing acceptance of hybrid events, increased concern for green methods in function planning, heightened demand for tailor-made experiences at events, and the implementation of AI and data analytic tools in event organization, coupled with an increase in corporate travel budgets. Future market trends involve advances in virtual and augmented reality, the inclusion of AI in event coordination and control, utilization of IoT for intelligent event management, the employment of 5G for uninterrupted virtual connection, and the creation of AI-driven chatbots for event facilitation.

View the full report here:
https://www.thebusinessresearchcompany.com/report/corporate-event-global-market-report

Which Key Market Drivers Powering Corporate Event Market Expansion and Growth?
The expansion of the corporate event market is predicted to be fuelled by the growth of the business travel sector. This sector of the travel industry deals with travel for professional reasons, like attending meetings, conferences, visiting clients, and corporate events. The increased demand in business travel comes from companies expanding globally, necessitating professionals to participate in conferences and client meetings to reinforce partnerships and promote growth. Corporate events stimulate business travel by producing a need for travel related to conferences, meetings, and networking events that facilitate business advancement. The Global Business Travel Association, a professional association from the United States, forecasted in July 2024, that the global business travel expenditure is anticipated to increase by 11.1% in 2024, succeeding a significant annual growth of 30%-47% in 2022 and 2023. Thus, the burgeoning business travel sector is catalyzing the expansion of the corporate event market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=21928&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Corporate Event Market?
Leading corporations in the corporate event market are emphasizing the integration of technology, like AI-enabled matchmaking platforms, to maintain their market superiority. These AI-based platforms are revolutionizing corporate events, improving networking, engagement, and lead generation by intelligently linking attendees with exhibitors. Take, for example, in September 2024, Stova, an American event management platform, introduced its novel and scalable Exhibitor Resource Center (ERC), structured to simplify exhibitor and sponsor management for event professionals. This central hub allows exhibitors and sponsors to competently manage their presence at corporate and industry events such as trade shows, conferences and exhibitions. The ERC provides a full set of tools for managing exhibitor profiles, overseeing sponsorship deliverables, handling registration, coordinating promotional activities, and logistical duties. In the corporate world, it is extensively used, escalating exhibitor interaction, making event management more efficient, and increasing ROI for both organizers and participants.

What Are the Emerging Segments in the Corporate Event Market?
The corporate eventmarket covered in this report is segmented -

1) By Event Type: Conferences And Seminars, Company Meetings, Trade Fairs And Exhibitions, Product Launches, Incentive Or Reward Programs, Other Event Types
2) By Platform: Offline Event, Hybrid Event, Online Event
3) By Event Size: Mega And Large Scale, Small And Medium Scale
4) By Industry: Banking, Financial Services And Insurance (BFSI), Automotive, Real Estate And Infrastructure, Information Technology, Other Industries

Subsegments:

1) By Conferences And Seminars: Business Conferences, Academic Conferences, Industry-Specific Seminars, Leadership Summits
2) By Company Meetings: Board Meetings, Shareholder Meetings, Annual General Meetings (AGMs), Team Building Meetings
3) By Trade Fairs And Exhibitions: B2B Trade Shows, B2C Expos, Industry-Specific Exhibitions, Networking Trade Fairs
4) By Product Launches: New Product Unveilings, Brand Promotion Events, Media And Press Launches, Private VIP Launch Events
5) By Incentive or Reward Programs: Employee Recognition Programs, Sales Incentive Trips, Performance-Based Rewards, Customer Loyalty Events
6) By Other Event Types: Corporate Retreats, Charity And Fundraising Events, Award Ceremonies, Training And Development Workshops

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=21928&type=smp

Who Are the Global Leaders in the Corporate Event Market?
Major companies operating in the corporate event market are Jack Morton Worldwide, Zoom Video Communications Inc., Informa PLC, American Express Global Business Travel, BCD Travel Services B.V., Maritz Holdings Inc., Cvent Inc., Global Experience Specialists, MCI Group, BI WORLDWIDE, Clarion Events Ltd., ITA Group Inc., Eventbrite Inc., Creative Group Inc., Flight Centre Travel Group Limited (FCM), Access Destination Services LLC, The Big Group, Hosts Global, 360 Destination Group LLC, ATTRI, Magma Event Group, PRA Events Inc.

Which are the Top Profitable Regional Markets for the Corporate Event Industry?
North America was the largest region in the corporate event market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the corporate event market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=21928

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.