USD 56.9 Billion Event Pro-Av Services Market Value Cross by 2031

In-depth analysis of the event pro-av services market segmentation assists to determine the prevailing market opportunities.

WILMINGTON, DE, UNITED STATES, December 9, 2024 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global event pro-av services market¹ garnered $28.6 billion in 2021, and is estimated to generate $56.9 billion by 2031, manifesting a CAGR of 7.1% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/31886

Report coverage & details:

Details

Forecast Period

2022–2031

Base Year

2021

Market Size in 2021

$28.6 billion

Market Size in 2031

$56.9 billion

CAGR

7.1%

No. of Pages in Report

255

Segments covered

Type, Platform type, Category, and Region

Drivers

Surge in the number of different events, including concerts, sporting events, entertainment events, educational conferences, and trade exhibitions

Opportunities

A rise in expenditure on conducting various events by the NGOs and government bodies

Restraints

Increased uncertainty brought on by unexpected polling
Increase in terrorist attacks and global health concerns.

The research provides detailed segmentation of the global event pro-av services² market based on type, platform type, category, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

Based on type, the entertainment segment held the highest share in 2021, accounting for around two-fifths of the global event³ pro-av services market, and is expected to continue its leadership status during the forecast period. However, the corporate segment is expected to register the highest CAGR of 7.6% from 2022 to 2031.

Based on platform type, the Physical Event segment accounted for the highest share in 2021, contributing to nearly three-fifths of the global event pro-av services market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the Virtual Event segment is expected to manifest the highest CAGR of 7.7% from 2022 to 2031.

Based on category, the sound segment accounted for the highest share in 2021, holding around two-fifths of the global event pro-av services market, and is expected to continue its leadership status during the forecast period. However, the webcasting segment is estimated to grow at the highest CAGR of 8.1% during the forecast period.

Based on region, Europe held the largest share in 2021, contributing to more than one-third of the global event pro-av services market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 7.9% during the forecast period. The research also analyzes regions including North America and LAMEA.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲: https://www.alliedmarketresearch.com/purchase-enquiry/31886

Leading market players of the global event pro-av services market analyzed in the research include Shepard Exposition Services, Inc, Meeting Tomorrow, EventPro Solutions Ltd, WRG, Velocis Systems Pvt. Ltd., Audio Visual Dynamics, AV Concepts, Inc.,, DSPAV, Event Solutions, Freeman Company, LLC, Panavid, Inc, Pro AV Services, LLC, Viad Corp, Black Box, Advanced Visual Production, ProAv Limited, Digital vision Av, Awesome Group, BI WORLDWIDE, FCM, The Event Company, Creative Group, Inc., IBTM World, Meetings and Incentives Worldwide, Inc, and WyreStorm.

The report provides a detailed analysis of these key players of the global event pro-av services market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐆𝐨𝐨𝐝𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
𝐕𝐢𝐝𝐞𝐨 𝐆𝐚𝐦𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 www.alliedmarketresearch.com/video-g…ket-A85196
𝐏𝐚𝐩𝐞𝐫 �.𝐚𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 www.alliedmarketresearch.com/paper-b…ket-A16182

Davin Correa
Allied Market Research
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¹ https://www.alliedmarketresearch.com/event-pro-av-services-market-A31436
² https://www.globenewswire.com/en/news-release/2023/01/09/2585371/0/en/Global-Event-Pro-Av-Services-Market-Is-Expected-to-Generate-56-9-Billion-by-2031-Allied-Market-Research.html
³ https://www.alliedmarketresearch.com/virtual-events-industry-market-A06596