The Corporate Event Planner Market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 31.8% between 2023 and 2033. In 2023, the market is expected to be valued at US$ 390.7 billion, and it is forecasted to soar to an impressive market share of US$ 6,196.4 billion by 2033.
This significant expansion in the Corporate Event Planner Market can be attributed to the escalating demand for automation within event management companies. Automation is rapidly gaining prominence as a means to streamline event functionalities, offering efficiency and convenience in organizing corporate events.
Furthermore, there is a growing emphasis on deriving actionable insights from corporate events, which is driving key trends and opportunities within the corporate event planning industry. Event planners are increasingly harnessing data and analytics to optimize event outcomes and enhance attendee experiences.
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Market Snapshot
- Projected CAGR of 31.8% between 2023 and 2033.
- Market expected to be valued at US$ 390.7 billion in 2023.
- Anticipated market share of US$ 6,196.4 billion by 2033.
- Increasing demand for automation to simplify event functionalities.
Drivers and Opportunities
The Corporate Event Planner Market’s robust growth is driven by the following factors:
- Automation in Event Management: Companies are adopting automation solutions to streamline event planning, execution, and post-event analysis.
- Actionable Insights: Event planners are focusing on extracting valuable insights from events to enhance decision-making and improve future events.
Competitive Landscape – Regional Trends
The corporate event planning industry is experiencing regional variations in terms of market dynamics. Different regions are witnessing varying adoption rates of automation and data-driven event planning.
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Key Players
- Bassett Events, Inc.
- MKG
- Colin Cowie
- David Tutera
- JR Global Events
- Rafanelli Events
- Oren Co
- Wonderland
- Event Solutions
- MGM Resorts
- AJ Williams Events
Region-wise Insights
- North America: Leading the market in terms of automation adoption, with a focus on data-driven event planning.
- Europe: Witnessing steady growth in corporate event planning, with an increasing emphasis on actionable insights.
- Asia-Pacific: Emerging as a lucrative market, driven by the adoption of automation and the growing demand for corporate events.
- Latin America: Experiencing a surge in corporate events, creating opportunities for event planners to offer innovative solutions.
- Middle East and Africa: Seeing gradual growth in the corporate event planning sector, with potential for future expansion.
Category-wise Insights
- Technology-driven Events: Witnessing rapid growth as companies leverage technology for immersive experiences.
- Sustainable Events: A rising trend as environmental concerns drive sustainable event planning practices.
- Hybrid Events: Gaining traction as a blend of in-person and virtual experiences becomes more popular.
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Key Segments Covered
By Event Type:
- Conference/Seminar
- Trade Shows/Exhibitions
- Incentive Programs
- Company Meetings
- Others
By Industry Type:
- Banking and Financial Sector
- Information Technology
- Real Estate and Infrastructure
- Automotive
- Insurance
- Others
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
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