The global events industry is gaining popularity owing to increase in the frequency of corporate meetings, inductions, conferences.
Portland, OR -- (SBWIRE) -- 08/11/2017 -- Events refer to public gathering of populace art a determined time and place for a purpose. The purpose for staging an event can be increasing business profitability, celebratory, entertainment, and community causes among others. Thereby the key stakeholders within the events industry are corporate organizations, public organizations & NGOs, and similar others. The most popular events include conference & exhibition, promotion & fundraising, music & art performance, sports, festival, trade shows, product launch, election campaigns and similar others.
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The Global Events Industry is gaining popularity owing to increase in frequency of corporate meetings, inductions, conferences, exhibitions, awareness campaigns, and others. In addition, implementation of the best-in-class technology that can handle the entire event propels the industry growth. Moreover, customarily held multidimensional events acts as a key driver of the global events industry. However, higher entry cost and industry fragmentation are some of the major restraints to the industry growth.
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The report segments the industry on the basis of event type, revenue source, and geography. On the basis of event type, the industry is categorized into sports, music, and others. By revenue source, it is classified into ticket sale, sponsorship, and others. Geographically, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). The key players operating in the industry include LiveStyle Inc. (U.S.), Jack Morton Worldwide (UK), ALDA Events BV (the Netherlands), Banks Sadler (UK), YG Entertainment Inc. (South Korea), Skylight Group (U.S.), Live Nation Entertainment (U.S.), Global Event Management (United Arab Emirates), Bassett Event, LLC (U.S.), and Wizcraft International Entertainment Pvt. Ltd. (India).