Corporate Event Market was valued at US$ 5.98 Bn in 2022 and is expected to reach US$ 18.29 Bn by 2029, at a CAGR of 17.3% during the forecast period.
Corporate Event Market Overview:
The Maximize Market Research report analyses the global Corporate Event Market in depth, precisely, and comprehensively, with a focus on market dynamics, market competition, regional growth, segment analysis, and important growth strategies. The analysis contains information on market growth as well as market segmentation like regions, product type, application, and end-use industry. Analyst creates comprehensive and precise marketing research reports using the most up-to-date Corporate Event Market research techniques and technology. This analysis covers a wide range of industry verticals along with a thorough examination of the Corporate Event market size and share.
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Corporate Event Market Scope:
The report goes over demand estimates, market trends, and micro and macro variables in great detail. This study also highlights the elements that are driving and impeding the market's growth. The MMR Matrix in the study gives information on prospective investment opportunities to both existing and new market participants. To provide market insights, the research use analytical approaches such as Porter's five forces analysis and PESTLE of the Corporate Event market. The research also looks at current market trends and forecasts for the years 2021-2027. The study also uncovered important impending advancements that would have an impact on demand over the anticipated timeframe.
Corporate Event Market Segmentation:
The corporate event market is divided into offline and online segments based on platform. Corporate events can take place offline as well as online. Due to COVID-19, offices were locked and most meetings took place virtually. In 2022, lockdowns were loosened globally, and offline corporate events began to recur, albeit not to the same extent. As a result, online leads the corporate event business, with a 54% market share. Because working online is still preferred by both employers and employees due to its cost and money-saving benefits, it is anticipated that online platforms will expand faster and get a larger portion of the market. Since offline methods are more conventional, they will hold a 46% market share in 2022.
Corporate events are divided into several types, including conferences and seminars, exhibits, incentive programs, company meetings, and others. In 2022, conferences and seminars will hold a 53.2% market share in the corporate event industry. This is a result of an increase in meetings taking place for training and motivational purposes in a number of industries, such as information technology, banking and finance, food and beverage, real estate and infrastructure, and automotive. Exhibitions are crucial business events for the launch of new products and displays of upcoming projects, which will result in a 15% market share in 2022. These are closely followed by incentive programs, which will have a 13% market share in 2022. These events also take place in corporations because incentives play a significant role in the lives of employees and are intended to raise morale.
Corporate Event Market Size and Forecast, by Type (2022-2029)
1. Conference/ Seminars
2. Exhibitions
3. Incentive Programs
4. Company Meetings
5. Others
Corporate Event Market Size and Forecast, by Platform (2022-2029)
1. Offline
2. Online
Corporate Event Market Size and Forecast, by Region (2022-2029)
3. North America
3. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Corporate Event Market Key Players
1. 360 destination group
2. Access destination services
3. BCD travel services B.V.
4. Bi worldwide
5. Cwt
6. Cievents
7. Creative group, inc.
8. ITA group
9. Maritz holdings inc.
10. Reed exhibitions ltd.
11. Google
12. Microsoft Teams
13. Zoom
14. Cisco Webex
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Regional Analysis:
Readers will be well-informed on the Corporate Event market on a regional level thanks to the reports' regional insights. A meaningful assessment of potential policy options in response market changes across the globe, requires a thorough understanding of local energy, economic, political, and geographic characteristics. The research provides readers with regional insights that ensure the effects on Corporate Event market and local growth prospects, as well as domestic area restraints.
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
COVID-19 Impact Analysis on Corporate Event Market:
The impact of COVID-19 on the Corporate Event market is exhaustively examined in the research. As a result of the COVID-19 pandemic, analyst at Maximize Market Research, who are following the situation across the globe, believe that the market is expected to provide profitable opportunities for producers. The report's purpose is to provide a more comprehensive view of the current situation, the economic downturn, and the influence of COVID-19 on the whole Corporate Event market.
Key Questions Answered:
- This report presents analytical depiction of the global Corporate Event market trade at the side of these trends and future estimations to work out the upcoming investment pockets.
- The report presents information associated with key drivers, restraints, and opportunities at the side of elaborated analysis of the Corporate Event market share.
- The current market is quantitatively analysed from 2021 to 2027 to spotlight the world Corporate Event market growth.
- Porter’s 5 forces analysis demonstrates the efficiency of consumers & suppliers within the market.
- Who Are the Global Key Players in This Corporate Event Market? What are their Company Profile, Their Product Information, and Contact Information?
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