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Rising Number Of Sports Leagues Fuels Growth In The Events Industry Market: Strategic Insights Driving Events Industry Market Momentum in 2025
Events Industry Market
Events Industry Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size of the events industry has seen substantial expansion. The industry's worth, set to escalate from $1227.3 billion in 2024 to $1338.77 billion in 2025, reveals a compound annual growth rate (CAGR) of 9.1%. The factors propelling growth during the historical period include an increase in religious and cultural festivals, surge in the number of public fairs, shifting consumer tastes, emphasis on sustainability, and government backing and regulation.
Events Industry Market Size Forecast: What's the Projected Valuation by 2029?
The forecast for the events industry market size suggests robust expansion in the upcoming years, with projections predicting a growth to $1911.9 billion in 2029, averaging an annual compound growth rate (CAGR) of 9.3%. This anticipated growth within the forecast period can be traced back to several factors, including a rising interest in environment-friendly events, expansion in tourism and destination events, variable corporate investments, an uptick in business conferences, and the burgeoning number of sports leagues. The forecast period would likely be characterized by major trends like technological innovations, the emergence of 3D virtual venues, evolution in event technology, the use of data for event planning, and the conjunction of artificial intelligence (AI).
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What Are the Drivers Transforming the Events Industry Market?
The upward trend in the popularity of sports leagues is anticipated to accelerate the expansion of the events industry. These sports leagues are structured competitions among teams or individual athletes that span a certain timeline, abiding by set rules and guidelines. This rise in the number of sports leagues can be attributed to their growing appeal to both competitors and spectators, an increase in resources to coordinate events, and the surge in broadcasting and digital media. The events industry equips these live sports leagues with crucial infrastructures such as venue management, ticketing systems, and promotional endeavors, attracting large viewer bases and promoting community interaction. For example, Deloitte Touche Tohmatsu Limited, a professional services company based in UK, revealed that in January 2024, the top 20 football money league clubs made a record-breaking revenue of $11.6 billion (€10.5 billion) during the 2022-2023 period, marking a 14% rise from 2021-2022. Thus, the surging popularity of sports leagues is a key factor advancing the growth of the events industry market.
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What Long-Term Trends Will Define the Future of the Events Industry Market?
Leading players in the events industry market are prioritizing the creation of innovative solutions, specifically event management software, aimed at enhancing different elements of event management, including registration and invoicing. Event management software within the events field is a digital application meant to assist event planners in efficiently organizing, implementing, and overseeing events. The software streamlines numerous aspects of event organization, ranging from logistics and registration to promotion and post-event evaluation. For example, in June 2024, Evexus, a software development firm based in Australia, introduced a comprehensive event management software designed to optimize and elevate the international event planning processes. The platform incorporates advanced technologies, such as artificial intelligence (AI), step-by-step registration, and upfront payment, filling a substantial void in the existing event management market. These progressive features aim to transform industry norms by simplifying organization and improving the event experience. Moreover, it aids event coordinators in showcasing sponsors, providing on-demand content, collecting valuable data insights, and broadcasting events live.
Which Segments in the Events Industry Market Offer the Most Profit Potential?
The events industrymarket covered in this report is segmented -
1) By Type: Music Concerts, Festivals, Sports, Exhibitions And Conferences, Corporate Events And Seminar, Other Types
2) By Age Group: Below 20 Years, 21-40 Years, Above 40 Years
3) By Revenue Source: Ticket Sale, Sponsorship, Food And Beverage, Other Revenue Sources
4) By Organizer: Corporate, Sports, Education, Entertainment, Other Organizers
Subsegments:
1) By Music Concerts: Live Music Performances, Virtual Concerts, Music Festivals, Album Launch Events, Tour Concerts
2) By Festivals: Cultural Festivals, Religious Festivals, Food And Wine Festivals, Film Festivals, Arts And Craft Festivals
3) By Sports: Professional Sports Leagues, International Sporting Events, Esports Tournaments, Marathons and Races, Local and Community Sports Events
4) By Exhibitions And Conferences: Trade Shows, Product Launches, Industry-Specific Conferences, Networking Events, Virtual Exhibitions And Conferences
5) By Corporate Events and Seminars: Business Meetings, Team-Building Events, Corporate Training Seminars, Product Presentations, Shareholder Meetings
6) By Other Types: Weddings, Charity And Fundraising Events, Social And Private Parties, Award Ceremonies, Fashion Shows
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Which Firms Dominate the Events Industry Market by Market Share and Revenue in 2025?
Major companies operating in the events industry market are Live Nation Entertainment Inc., RELX Group PLC, Anschutz Entertainment Group Inc., BCD Group Inc., Freeman Company, Informa PLC, ATPI Ltd., GL Events SA, Reed Exhibitions Limited, Messe Frankfurt GmbH, Cvent Inc., MCH Group AG, Clarion Events Ltd., Emerald Holding, Hyve Group plc, Questex LLC, Access Destination Services LLC, Bizzabo Inc., Social Tables Inc., Outback Concerts LLC, Riviera Events LLC, IMEX Group Ltd., Eventful Inc., CL Events Limited, Entertaining Asia Ltd.
Which Regions Offer the Highest Growth Potential in the Events Industry Market?
Europe was the largest region in the events industry market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the events industry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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