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:
A corporate event is a public gathering for incentive group activities, marketing events, product launches, business general meetings, corporate retreats, or training programmes, conference/seminar, and tradeshows/exhibitions at a defined time and location. An event can be staged for a variety of reasons, including increased business profitability, celebratory purposes, and communal causes. Corporate events serve to strengthen and build relationships with current and potential clients and agencies. It's a way of inspiring and motivating employees, stakeholders, and business partners with a message. Corporate organisations, governmental and private organisations, and comparable others are significant stakeholders in the corporate events sector. With the emergence of cutting-edge technology, conference/seminar events have been revolutionised. Previously, all event planners asked for was an overhead projector, but wireless connectivity has become critical for global organisation growth and productivity.To know about the Research Methodology :- Request Free Sample Report
Corporate Event Market Dynamics:
Strong economic growth and liberal decisions - One of the primary elements driving the expansion of the corporate event market is strong economic growth. Furthermore, the recent rapid rise of the business travel sector has positioned the world to host more corporate gatherings. The expansion of the corporate event sector is fueled by government measures to attract private investment and foreign direct investment (FDI). Furthermore, measures to enhance the corporate event segment have increased the frequency of business travel around the world, augmenting the growth of the corporate event industry. Advancements in technology - Increased infrastructure investment and technological advancements, such as projection mapping, which creates an augmented reality of experience using projectors, and branded multi-use apps that are used to buy tickets, survey attendees, and poll crowds in real time, are helping to drive market growth. These variables are expected to provide significant chances for corporate event participants.Impact of COVID-19 on Corporate Event Market
Various corporate activities, such as investor presentations, international seminars, and trade exhibitions, have been cancelled due to the COIVID-19 epidemic. There are some events that can’t be done online and need people to see each other in person for better communication and hence, better decision making.Corporate Event Market Segment Analysis:
By Platform, the Corporate Event Market is segmented as Offline and Online. Corporate events can be done on both platforms, online and offline. Online dominates the Corporate Event Market with the market share of 54% in 2022 as due to Covid-19, the offices were closed and most meetings were happening online and in 2022, the lockdowns were relaxed all over the world, the offline corporate events started to happen again but not on full scale. Employees and companies still want to work online as it is cost and money saving so it is expected that online platform might grow at a higher pace and hold more market share. Offline has the market share of 46% in 2022 as it is a traditional way to do events and are still in demand as the communication here can be better and some times it’s more fun than an online event like an expo or trade shows. By Type, the Corporate Event Market is segmented as Conference/ Seminars, Exhibitions, Incentive Programs, Company meetings, others. Conference/ Seminars dominates the Corporate Event Market with the market share of 53.2% in 2022. This is due to an increase in meeting activity across a variety of industries, including information technology, banking and finance, food and beverage, real estate and infrastructure, and automotive majorly for training and motivational purposes. Exhibitions are very important corporate events for any product launch and exhibitions of new projects coming up resulting in market share of 15% in 2022 followed by Incentive Programs with the market share of 13% as these also happen in corporates as incentive are very important part of any employee’s life and is done boost their moral and is kind of a celebration for them. Company meetings have the market share of 8.5% in 2022 as these meetings has to be done properly on time to keep everyone on track and up what company is going through. Others involve company annual parties, events, etc. and has the market share of 10.3%.Corporate Event Market Regional Insights:
The Corporate Event Market is dominated by North America and Asia Pacific with the market share of 27% and 25% in 2022 respectively as these regions huge number of working people in IT industry and BFSI which conducts major amount of corporate events so the largest market is held by them. And due to increasing number of white-collar employees in these regions the growth rate is also high and North America is expected to lead the market during the forecasted period too. Europe has the market share of 23% in 2022 as there are also huge number of white-collar employees and huge number of offices and also the penetration of technology is more in this region. Middle East & Africa has the market share of 17% in 2022 due to less population and less office going people. South America has the market share of 8% in 2022 due to less GDP, technology penetration is less and cant held some high level corporate events online. The objective of the report is to present a comprehensive analysis of the Corporate Event Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Corporate Event Market dynamics, structure by analyzing the market segments and project the Corporate Event Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Corporate Event Market make the report investor’s guide.Corporate Event Market Scope: Inquire before buying
Corporate Event Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 5.98 Bn. Forecast Period 2023 to 2029 CAGR: 17.3% Market Size in 2029: US $ 18.29 Bn. Segments Covered: by Type Conference/ Seminars Exhibitions Incentive Programs Company Meetings Others by Platform Offline Online Corporate Event Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)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 Frequently Asked Questions: 1] What segments are covered in the Corporate Event Market report? Ans. The segments covered in the Corporate Event Market report are based on Material Type and Application. 2] Which region is expected to hold the highest share in the Corporate Event Market? Ans. The North America is expected to hold the highest share in the Corporate Event Market. 3] What is the market size volume of the Corporate Event Market by 2029? Ans. The market size of the Corporate Event Market by 2029 is expected to reach at US$ 18.29 Bn. 4] What is the forecast period for the Corporate Event Market? Ans. The forecast period for the Corporate Event Market is 2023-2029. 5] What was the market size volume of the Corporate Event Market in 2022? Ans. The market size of the Corporate Event Market in 2022 was valued at US$ 5.98 Bn.
1. Corporate Event Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Corporate Event Market: Dynamics 2.1. Corporate Event Market Trends by Region 2.1.1. North America Corporate Event Market Trends 2.1.2. Europe Corporate Event Market Trends 2.1.3. Asia Pacific Corporate Event Market Trends 2.1.4. Middle East and Africa Corporate Event Market Trends 2.1.5. South America Corporate Event Market Trends 2.2. Corporate Event Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Corporate Event Market Drivers 2.2.1.2. North America Corporate Event Market Restraints 2.2.1.3. North America Corporate Event Market Opportunities 2.2.1.4. North America Corporate Event Market Challenges 2.2.2. Europe 2.2.2.1. Europe Corporate Event Market Drivers 2.2.2.2. Europe Corporate Event Market Restraints 2.2.2.3. Europe Corporate Event Market Opportunities 2.2.2.4. Europe Corporate Event Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Corporate Event Market Drivers 2.2.3.2. Asia Pacific Corporate Event Market Restraints 2.2.3.3. Asia Pacific Corporate Event Market Opportunities 2.2.3.4. Asia Pacific Corporate Event Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Corporate Event Market Drivers 2.2.4.2. Middle East and Africa Corporate Event Market Restraints 2.2.4.3. Middle East and Africa Corporate Event Market Opportunities 2.2.4.4. Middle East and Africa Corporate Event Market Challenges 2.2.5. South America 2.2.5.1. South America Corporate Event Market Drivers 2.2.5.2. South America Corporate Event Market Restraints 2.2.5.3. South America Corporate Event Market Opportunities 2.2.5.4. South America Corporate Event Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Corporate Event Industry 2.8. Analysis of Government Schemes and Initiatives For Corporate Event Industry 2.9. Corporate Event Market Trade Analysis 2.10. The Global Pandemic Impact on Corporate Event Market 3. Corporate Event Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Corporate Event Market Size and Forecast, by Type (2022-2029) 3.1.1. Conference/ Seminars 3.1.2. Exhibitions 3.1.3. Incentive Programs 3.1.4. Company Meetings 3.1.5. Others 3.2. Corporate Event Market Size and Forecast, by Platform (2022-2029) 3.2.1. Offline 3.2.2. Online 3.3. Corporate Event Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Corporate Event Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Corporate Event Market Size and Forecast, by Type (2022-2029) 4.1.1. Conference/ Seminars 4.1.2. Exhibitions 4.1.3. Incentive Programs 4.1.4. Company Meetings 4.1.5. Others 4.2. North America Corporate Event Market Size and Forecast, by Platform (2022-2029) 4.2.1. Offline 4.2.2. Online 4.3. North America Corporate Event Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Corporate Event Market Size and Forecast, by Type (2022-2029) 4.3.1.1.1. Conference/ Seminars 4.3.1.1.2. Exhibitions 4.3.1.1.3. Incentive Programs 4.3.1.1.4. Company Meetings 4.3.1.1.5. Others 4.3.1.2. United States Corporate Event Market Size and Forecast, by Platform (2022-2029) 4.3.1.2.1. Offline 4.3.1.2.2. Online 4.3.2. Canada 4.3.2.1. Canada Corporate Event Market Size and Forecast, by Type (2022-2029) 4.3.2.1.1. Conference/ Seminars 4.3.2.1.2. Exhibitions 4.3.2.1.3. Incentive Programs 4.3.2.1.4. Company Meetings 4.3.2.1.5. Others 4.3.2.2. Canada Corporate Event Market Size and Forecast, by Platform (2022-2029) 4.3.2.2.1. Offline 4.3.2.2.2. Online 4.3.3. Mexico 4.3.3.1. Mexico Corporate Event Market Size and Forecast, by Type (2022-2029) 4.3.3.1.1. Conference/ Seminars 4.3.3.1.2. Exhibitions 4.3.3.1.3. Incentive Programs 4.3.3.1.4. Company Meetings 4.3.3.1.5. Others 4.3.3.2. Mexico Corporate Event Market Size and Forecast, by Platform (2022-2029) 4.3.3.2.1. Offline 4.3.3.2.2. Online 5. Europe Corporate Event Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Corporate Event Market Size and Forecast, by Type (2022-2029) 5.2. Europe Corporate Event Market Size and Forecast, by Platform (2022-2029) 5.3. Europe Corporate Event Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Corporate Event Market Size and Forecast, by Type (2022-2029) 5.3.1.2. United Kingdom Corporate Event Market Size and Forecast, by Platform (2022-2029) 5.3.2. France 5.3.2.1. France Corporate Event Market Size and Forecast, by Type (2022-2029) 5.3.2.2. France Corporate Event Market Size and Forecast, by Platform (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Corporate Event Market Size and Forecast, by Type (2022-2029) 5.3.3.2. Germany Corporate Event Market Size and Forecast, by Platform (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Corporate Event Market Size and Forecast, by Type (2022-2029) 5.3.4.2. Italy Corporate Event Market Size and Forecast, by Platform (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Corporate Event Market Size and Forecast, by Type (2022-2029) 5.3.5.2. Spain Corporate Event Market Size and Forecast, by Platform (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Corporate Event Market Size and Forecast, by Type (2022-2029) 5.3.6.2. Sweden Corporate Event Market Size and Forecast, by Platform (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Corporate Event Market Size and Forecast, by Type (2022-2029) 5.3.7.2. Austria Corporate Event Market Size and Forecast, by Platform (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Corporate Event Market Size and Forecast, by Type (2022-2029) 5.3.8.2. Rest of Europe Corporate Event Market Size and Forecast, by Platform (2022-2029) 6. Asia Pacific Corporate Event Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Corporate Event Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Corporate Event Market Size and Forecast, by Platform (2022-2029) 6.3. Asia Pacific Corporate Event Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Corporate Event Market Size and Forecast, by Type (2022-2029) 6.3.1.2. China Corporate Event Market Size and Forecast, by Platform (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Corporate Event Market Size and Forecast, by Type (2022-2029) 6.3.2.2. S Korea Corporate Event Market Size and Forecast, by Platform (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Corporate Event Market Size and Forecast, by Type (2022-2029) 6.3.3.2. Japan Corporate Event Market Size and Forecast, by Platform (2022-2029) 6.3.4. India 6.3.4.1. India Corporate Event Market Size and Forecast, by Type (2022-2029) 6.3.4.2. India Corporate Event Market Size and Forecast, by Platform (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Corporate Event Market Size and Forecast, by Type (2022-2029) 6.3.5.2. Australia Corporate Event Market Size and Forecast, by Platform (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Corporate Event Market Size and Forecast, by Type (2022-2029) 6.3.6.2. Indonesia Corporate Event Market Size and Forecast, by Platform (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Corporate Event Market Size and Forecast, by Type (2022-2029) 6.3.7.2. Malaysia Corporate Event Market Size and Forecast, by Platform (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Corporate Event Market Size and Forecast, by Type (2022-2029) 6.3.8.2. Vietnam Corporate Event Market Size and Forecast, by Platform (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Corporate Event Market Size and Forecast, by Type (2022-2029) 6.3.9.2. Taiwan Corporate Event Market Size and Forecast, by Platform (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Corporate Event Market Size and Forecast, by Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Corporate Event Market Size and Forecast, by Platform (2022-2029) 7. Middle East and Africa Corporate Event Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Corporate Event Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Corporate Event Market Size and Forecast, by Platform (2022-2029) 7.3. Middle East and Africa Corporate Event Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Corporate Event Market Size and Forecast, by Type (2022-2029) 7.3.1.2. South Africa Corporate Event Market Size and Forecast, by Platform (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Corporate Event Market Size and Forecast, by Type (2022-2029) 7.3.2.2. GCC Corporate Event Market Size and Forecast, by Platform (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Corporate Event Market Size and Forecast, by Type (2022-2029) 7.3.3.2. Nigeria Corporate Event Market Size and Forecast, by Platform (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Corporate Event Market Size and Forecast, by Type (2022-2029) 7.3.4.2. Rest of ME&A Corporate Event Market Size and Forecast, by Platform (2022-2029) 8. South America Corporate Event Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Corporate Event Market Size and Forecast, by Type (2022-2029) 8.2. South America Corporate Event Market Size and Forecast, by Platform (2022-2029) 8.3. South America Corporate Event Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Corporate Event Market Size and Forecast, by Type (2022-2029) 8.3.1.2. Brazil Corporate Event Market Size and Forecast, by Platform (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Corporate Event Market Size and Forecast, by Type (2022-2029) 8.3.2.2. Argentina Corporate Event Market Size and Forecast, by Platform (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Corporate Event Market Size and Forecast, by Type (2022-2029) 8.3.3.2. Rest Of South America Corporate Event Market Size and Forecast, by Platform (2022-2029) 9. Global Corporate Event Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Corporate Event Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. 360 destination group 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Access destination services 10.3. BCD travel services B.V. 10.4. Bi worldwide 10.5. Cwt 10.6. Cievents 10.7. Creative group, inc. 10.8. ITA group 10.9. Maritz holdings inc. 10.10. Reed exhibitions ltd. 10.11. Google 10.12. Microsoft Teams 10.13. Zoom 10.14. Cisco Webex 11. Key Findings 12. Industry Recommendations 13. Corporate Event Market: Research Methodology 14. Terms and Glossary