Dublin, July 29, 2022 (GLOBE NEWSWIRE) -- The "Events Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Event Type, Revenue Source, Type, Organizer, Application, and Enterprise Size" report has been added to ResearchAndMarkets.com's offering.
The global Events market share is expected to grow from US$ 958.54 billion in 2021 to US$ 1,965.99 billion by 2028. Events market size is estimated to grow at a CAGR of 11.1% from 2022 to 2028.
Entrepreneurship education for secondary and post-secondary students has a beneficial impact on entrepreneurial skills and goals, but it is unclear if this translates into long-term entrepreneurial engagement or revenue. A few comprehensive reviews in this domain in developing countries imply that secondary/tertiary entrepreneurship education impacts entrepreneurial ambitions, mentality, and abilities. For example, in Tunisia, university-based entrepreneurship programs raised entrepreneurial intention, mentality, skills, and self-employment rates in the near term, but these effects dissipated four years later, owing to financial restrictions.
Due to a shortage of job opportunities, many young people turn to entrepreneurship, particularly in developing countries. However, they may not necessarily be in entrepreneurial positions. Youth, families, and communities are more interested in developing programs that include skills training that may be used after the project ends. Access to financing is essential for young entrepreneurs who want to start or develop their firms. Unfortunately, many young individuals have the least ready access to funds. Access to money differs not only across countries but also between communities.
According to the Organization for Economic Co-operation and Development, startups are the key drivers of the economy, employing about 50% of the workforce at any given time, even though they are about 20% of the total companies in a country. As a result, development programs must carefully consider how to assist young people in effectively obtaining the finances they want. This entails a detailed examination of various financial models and the development of goods customized according to the demand of users.
North America has the highest rate of advanced technology adoption due to favorable government policies fostering innovation and enhancing infrastructural abilities. As a result, every factor affecting the region's industrial performance obstructs its economic development. The US became one of the world's worst-affected countries by the pandemic, causing governments to impose several limitations on industrial, commercial, and public activities in the country to contain the disease's spread.
The COVID-19 pandemic massively affected Asia Pacific (APAC), with a significantly high number of cases in India and China. China is the most crucial manufacturer and industrial producer and trades most manufacturing goods. It is also a world leader in several types of goods. According to the Organization for Economic Co-operation and Development (OECD), the other major economies, such as South Korea, India, Australia, and Japan, have also been impacted by the pandemic and are experiencing downward growth.
The mobility restrictions and cancellation/postponement of various business conferences and events due to the COVID-19 outbreak affected the overall market in this region. Since firms started working from home, the demand for software solutions mounted gradually, even during the breakdown. Thus, this disruption negatively affected the market growth. However, the work from home facilities across industries is anticipated to create demand for virtual event software during the forecast period.
With the advent of virtual events, planners have expanded their reach and scaled their events to a larger audience. Live translation as part of an event package may give virtual and physical event venues a competitive advantage. Businesses will also be able to collaborate with event planners in places they would not ordinarily go. For instance, Hopin, an event technology platform, has partnered with Interprefy to provide real-time language interpretation straight within their live feeds. QR codes look well on tangible marketing materials, such as event posters, speaker business cards, and postcards for event ticket leads. To close the purchase, they will need a solid landing page; thus, event planners will have to rely on this technology even more than before.
QR codes may also be used to keep track of event registrations. Event venues may add QR codes to their safety arsenal as yet another touch and germ-free means to link planners with attendees according to current health rules. For example, EventNook worked with Singapore Management University to employ QR codes for event registration and ticketing. Thus, continuous advancements in event management are likely to provide lucrative opportunities for the events market growth during the forecasted period.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Events Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 Global: Events Market, By Nature of Event
4.5.2 North America: Events Market, By Nature of Event
4.5.3 Europe: Events Market, By Nature of Event
4.5.4 Asia Pacific: Events Market, By Nature of Event
4.5.5 Middle East and Africa: Events Market, By Nature of Event
4.5.6 South and Central America: Events Market, By Nature of Event
5. Events Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rapid Increase in Events Sponsorship
5.1.2 Rising Interest Among Youth in Entrepreneur and Business Seminars
5.2 Market Restraints
5.2.1 High Operational Costs Involved in Organizing Events
5.3 Market Opportunities
5.3.1 Technological Advancements
5.4 Future Trends
5.4.1 Increasing Demand for Hybrid Events
5.5 Impact Analysis of Drivers and Restraints
6. Events Market - Global Market Analysis
6.1 Global Events Market Overview
6.2 Global Events Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Events Market Revenue and Forecasts To 2028 - Event Type
7.1 Overview
7.2 Events Market, By Event Type (2021 and 2028)
7.3 Virtual
7.3.1 Overview
7.3.2 Virtual: Events Market - Revenue and Forecast to 2028 (US$ Billion)
7.3.3 Webinars
7.3.3.1 Overview
7.3.3.2 Webinars: Events Market - Revenue and Forecast to 2028 (US$ Billion)
7.3.4 Others
7.3.4.1 Overview
7.3.4.2 Others: Events Market - Revenue and Forecast to 2028 (US$ Billion)
7.4 Hybrid
7.4.1 Overview
7.4.2 Hybrid: Events Market - Revenue and Forecast to 2028 (US$ Billion)
7.5 Physical
7.5.1 Overview
7.5.2 Physical: Events Market - Revenue and Forecast to 2028 (US$ Billion)
8. Events Market Revenue and Forecasts To 2028 - Application
8.1 Overview
8.2 Events Market, By Application (2021 and 2028)
8.3 B2B
8.3.1 Overview
8.3.2 B2B: Events Market - Revenue and Forecast to 2028 (US$ Billion)
8.4 B2C
8.4.1 Overview
8.4.2 B2C: Events Market - Revenue and Forecast to 2028 (US$ Billion)
9. Events Market Revenue and Forecasts To 2028 - Enterprise Size
9.1 Overview
9.2 Events Market, By Enterprise Size (2021 and 2028)
9.3 Small and Medium Enterprises
9.3.1 Overview
9.3.2 Small and Medium Enterprises: Events Market - Revenue and Forecast to 2028 (US$ Billion)
9.4 Large Enterprises
9.4.1 Overview
9.4.2 Large Enterprises: Events Market - Revenue and Forecast to 2028 (US$ Billion)
10. Events Market Revenue and Forecasts To 2028 - Revenue Source
10.1 Overview
10.2 Events Market, By Revenue Source (2021 and 2028)
10.3 Ticket Sale
10.3.1 Overview
10.3.2 Ticket Sale: Events Market - Revenue and Forecast to 2028 (US$ Billion)
10.4 Sponsorship
10.4.1 Overview
10.4.2 Sponsorship: Events Market - Revenue and Forecast to 2028 (US$ Billion)
10.5 Others
10.5.1 Overview
10.5.2 Others: Events Market - Revenue and Forecast to 2028 (US$ Billion)
11. Events Market Revenue and Forecasts To 2028 - Organizer
11.1 Overview
11.2 Events Market, By Organizer (2021 and 2028)
11.3 Corporate
11.3.1 Overview
11.3.2 Corporate: Events Market - Revenue and Forecast to 2028 (US$ Billion)
11.4 Sports
11.4.1 Overview
11.4.2 Sports: Events Market - Revenue and Forecast to 2028 (US$ Billion)
11.5 Education
11.5.1 Overview
11.5.2 Education: Events Market - Revenue and Forecast to 2028 (US$ Billion)
11.6 Entertainment
11.6.1 Overview
11.6.2 Entertainment: Events Market - Revenue and Forecast to 2028 (US$ Billion)
11.7 Association
11.7.1 Overview
11.7.2 Association: Events Market - Revenue and Forecast to 2028 (US$ Billion)
11.8 Others
11.8.1 Overview
11.8.2 Others: Events Market - Revenue and Forecast to 2028 (US$ Billion)
12. Events Market Revenue and Forecasts To 2028 - Type
12.1 Overview
12.2 Events Market, By Type (2021 and 2028)
12.3 Music Concert
12.3.1 Overview
12.3.2 Music Concert: Events Market - Revenue and Forecast to 2028 (US$ Billion)
12.4 Festivals
12.4.1 Overview
12.4.2 Festivals: Events Market - Revenue and Forecast to 2028 (US$ Billion)
12.5 Sports
12.5.1 Overview
12.5.2 Sports: Events Market - Revenue and Forecast to 2028 (US$ Billion)
12.6 Exhibitions and Conferences
12.6.1 Overview
12.6.2 Exhibitions and Conferences: Events Market - Revenue and Forecast to 2028 (US$ Billion)
12.7 Corporate Events and Seminars
12.7.1 Overview
12.7.2 Corporate Events and Seminars: Events Market - Revenue and Forecast to 2028 (US$ Billion)
12.8 Others
12.8.1 Overview
12.8.2 Others: Events Market - Revenue and Forecast to 2028 (US$ Billion)
13. Events Market - Geographic Analysis
14. Events Market - COVID-19 Impact Analysis
14.1 Overview
14.2 North America
14.3 Europe
14.4 APAC
14.5 MEA
14.6 SAM
15. Industry Landscape
15.1 Market Initiative
15.2 Merger and Acquisition
15.3 New Development
15.4 Key Companies Analysis, By Virtual Events
15.5 Key Companies Analysis, By Physical Events
15.6 Key Companies Analysis, By Hybrid Events
16. COMPANY PROFILES
16.1 Access Destination Services
16.1.1 Key Facts
16.1.2 Business Description
16.1.3 Products and Services
16.1.4 Financial Overview
16.1.5 SWOT Analysis
16.1.6 Key Developments
16.2 Anschutz Entertainment Group
16.3 ATPI Ltd.
16.4 BCD Meetings & Events
16.5 Cvent Inc.
16.6 Entertaining Asia
16.7 Live Nation Worldwide, Inc.
16.8 Pollstar
16.9 Riviera Events
16.10 StubHub
17. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/8tx12x
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