Press release
Global Event Stewarding Services Market Expected to Grow at 9% CAGR, Reaching $5.59 Billion by 2029
What Market Value Will the Event Stewarding Services Industry Achieve by 2025?The market encompassing event stewarding services has demonstrated robust expansion throughout the past few years, with projections indicating a climb from a valuation of $3.63 billion in 2024 to $3.96 billion the following year, reflecting a steady compound annual growth rate of 9.3%. This past period's upward trajectory is largely influenced by the escalating need for managing substantial public gatherings, a heightened emphasis placed on mitigating risks and maintaining order among crowds, stronger partnerships formed between those organizing events and security firms, greater recognition concerning responsibilities and insurance protection, along with governmental pushes supporting community well-being.
What Is the Long-Term Growth Forecast for the Event Stewarding Services Market Size Through 2029?
Significant expansion is projected for the event stewarding services market in the approaching years, anticipated to reach a valuation of $5.60 billion by 2029, exhibiting a compound annual growth rate of 9.0%. This upward trajectory during the forecast span is fueled by several factors, including the growing trend of externalizing the management and security aspects of events, augmented capital deployment into intelligent event infrastructure, heightened utilization of electronic methods for ticketing and entry verification, a surge in the requirement for specialized education and credentials for event personnel, and wider incorporation of smartphone-based communication platforms for stewards. Key developments characterizing this period feature progress in surveillance powered by artificial intelligence capable of detecting threats instantaneously, sophisticated crowd handling methodologies leveraging data analysis, improvements in electronic systems for ticketing and access management, novelties in safety monitoring through connected gadgets, and the development of cutting-edge steward instruction utilizing virtual reality environments.
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What Are the Main Growth Drivers Accelerating the Event Stewarding Services Market Worldwide?
The rising tide of global sporting competitions is anticipated to be a significant catalyst for expansion within the market for event stewarding. Such international sports gatherings are characterized as structured contests bringing together competitors or squads from numerous nations to vie across diverse athletic fields, thereby fostering worldwide camaraderie, cross-cultural interaction, and elevated standards of fair play on the world stage. This heightened frequency of international sports events stems from expanding worldwide media exposure, which boosts both visibility and financial prospects for those orchestrating these events and their backers, consequently spurring more frequent happenings across the globe. Event stewarding plays a crucial supportive role in these worldwide sporting spectacles by facilitating effective crowd flow, upholding necessary safety and security protocols, providing directional assistance to attendees, and contributing to the comprehensive logistical framework needed to ensure an event unfolds securely and pleasurably. To illustrate this momentum, the Badminton World Federation (BWF), a governing entity located in Malaysia, reported in November 2023 that the worldwide base of active badminton participants had climbed to surpass 300 million individuals that year, marking an increase from approximately 250 million participants registered in 2022. Consequently, the growing number of international sports tournaments directly fuels the advancement of the event stewarding services sector.
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What Are the Dominant Trends Defining the Future of the Event Stewarding Services Market?
Leading entities within the event stewarding sector are emphasizing the creation of immediate threat identification mechanisms aimed at bolstering awareness of current circumstances, streamlining operational performance, and refining the broader management of event safety. This capability, known as real-time threat detection, involves ceaseless oversight and scrutiny of information or actions to spot prospective security dangers or questionable conduct as it unfolds, thus permitting an instant reaction to hazards and preempting occurrences from escalating further. To illustrate this point, in February of 2025, Fortune Marketing Private Limited, a firm situated in India specializing in marketing, introduced its surveillance platform driven by artificial intelligence, intended to transform contemporary security frameworks through the incorporation of sophisticated AI and machine learning techniques. This novel offering improves the identification of threats as they happen, refines facial recognition capabilities, and sharpens the analysis of behavior, which facilitates warding off problems before they materialize. Engineered for quicker and more intelligent reactions, this rollout signifies considerable progress toward establishing more secure settings spanning residential areas, commercial properties, and public venues, with the objective of fortifying preemptive safety measures, minimizing the reliance on manual human input, and establishing elevated standards for intelligent monitoring solutions crucial for thorough safety and managing potential dangers.
Which Emerging Segments Are Shaping the Future of the Event Stewarding Services Market?
The event stewarding services market covered in this report is segmented -
1) By Service Type: Crowd Management, Security Stewarding, Traffic Management, Ticket Checking, Other Services
2) By Application: Sports Events, Concerts And Festivals, Exhibitions And Trade Shows, Other Applications
3) By End-User: Event Organizers, Venue Owners, Government And Public Sector, Other End-Users
Subsegments:
1) By Crowd Management: Crowd Flow Coordination, Entry And Exit Monitoring, Audience Control And Guidance, Emergency Evacuation Assistance, Queue Management
2) By Security Stewarding: Access Control Monitoring, Bag And Personal Belongings Inspection, VIP Protection Services, Incident Response Support, Perimeter Surveillance
3) By Traffic Management: Vehicle Parking Coordination, Road Access Control, Pedestrian Safety Supervision, Shuttle And Transport Assistance, Traffic Flow Direction
4) By Ticket Checking: Ticket Validation And Scanning, Wristband And Pass Distribution, Entry Point Verification, Counterfeit Ticket Detection, Pre Entry Queue Oversight
5) By Other Services: Lost And Found Assistance, Customer Information Support, Hospitality And Guest Relations, Emergency Medical Coordination, Communication And Reporting Support
Who Are the Leading Innovators and Market Shapers in the Event Stewarding Services Market?
Major companies operating in the event stewarding services market are Securitas AB; Prosegur Compañía de Seguridad S.A.; Mitie Group Plc; CrowdGuard Limited; Wilson James Limited; Bidvest Noonan Limited; Showsec International Limited; Odeon Security Private Limited; Garda World Security Corporation; Allied Universal Security Services LLC; FGH Security Ltd.; Alliance Management Group LLC; Security and Event Solutions Ltd.; Guardian Venue Management International Pty Limited; Shreeve Protection Services Ltd.; Constant Security Services Pty Ltd.; Monarch Security Services Private Limited; Main Event Security Ltd.; Prime Secure Systems Ltd.; Silurian Security Services Limited; Hotbox Events Ltd.
What Are the Key Geographic Areas Fueling Growth in the Event Stewarding Services Market?
North America was the largest region in the event stewarding services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the event stewarding services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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