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:
This Corporate Event industry research provided a comprehensive analysis of the worldwide Corporate Event Market taking into account all critical variables such as growth factors, limitations, market advancements, top investment pockets, future prospects, and trends. The research begins by emphasizing the important trends and possibilities that may develop in the near future and have a favorable influence on overall industry growth.
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Corporate Event Market Scope:
The Corporate Event market report presents insights into each of the leading Corporate Event Market end users along with annual forecasts to 2027. The report provides a revenue forecast with sales and growth rate of the global Corporate Event Market. Forecasts are also provided for the market’s product, application, and geographic segments. Forecasts are produced to help people understand the industry’s future outlook and potential.
Corporate Event Market Segmentation:
The Corporate Event Market is divided into Offline and Online segments based on platform. Corporate events are possible on both offline and online platforms. Due to Covid-19, workplaces were shuttered and most meetings took place online. In 2022, when lockdowns were loosened around the world, offline corporate events began to recur, although not on a large scale. Online still holds a 54% market share in the corporate event industry. Due to the cost and money savings, employers and employees continue to prefer working online, so it is anticipated that online platforms will expand more quickly and capture a larger market share. In 2022, offline will hold a 46% market share as a more established method of doing things.
The corporate event market is divided into different types, including conferences and seminars, exhibitions, incentive programs, business meetings, and others. 53.2% of the corporate event market in 2022 will be dominated by conferences and seminars. This is a result of an increase in meetings, primarily for training and motivational purposes, across a number of industries, including information technology, banking and finance, food and beverage, real estate and infrastructure, and automotive. Exhibitions are crucial corporate events for the launch of any product, and exhibitions of new projects will account for 15% of the market in 2022, followed by incentive programs, which have a market share of 13% and are also common in corporations because they help boost employees’ morale and productivity.
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:
The research includes the most recent news and industry developments in terms of Corporate Event Market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions, and so on. Among the main companies in the Corporate Event Market sector are
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:
The primary goal of this study is to assist the user in understanding the market in terms of definition, segmentation, market potential, significant trends, and the problems that the industry is experiencing across ten key regions.
COVID-19 Impact Analysis on Corporate Event Market:
The research details the overall impact of COVID-19 on the Corporate Event Market by providing a micro- and macroeconomic analysis. The precise study focuses on market share and size, which clearly depicts the impact that the pandemic has had and is anticipated to have on the global Health Insurance Market in the future years.
Key Questions Answered in the the Corporate Event Market Report are:
- What is the function of Corporate Event ?
- What is the predicted revenue generation of the Corporate Event market?
- At what growth rate is the Corporate Event market evolving?
- Who are the major market giants operating in the Corporate Event market?
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