The global event pro-AV services market size was valued at $28,633.2 million in 2021 and is projected to reach $56,853.4 million by 2031, registering a CAGR of 7.1%.
The term event pro-AV services refer to organizing a show which involves a public gathering at a pre-determined place and time. The most popular events include conferences & exhibitions, corporate events & seminars, promotion & fundraising, music & art performance, sports, festival, trade shows, product launches, and similar others. The initial stage of a major event involves understanding the audience and their behavior that excite and emotionally engage them. The final stage involves conducting an event appropriately.
The growth of the event pro-AV services market is driven by the surge in the frequency of conducting corporate meetings, inductions, conferences, and exhibitions. Furthermore, the deployment of best-in-class technology that can handle an entire event propels industry growth. Moreover, multi-dimensional events act as a key driver for the growth of the event pro-av services market.
Moreover, the introduction of new media platforms and distribution methods offers scope for giants to interact and organize events involving artists, performers, speakers, and business coaches. However, the surge in market entry cost and rise in industry fragmentation hinders the growth of the industry. In general, events are activities that involve attendees who share a common interest and gather together for discussions and interactions. The venue for such events needs to be arranged beforehand, as venues provide the space and facilities necessary to meet the needs of those who attend the gathering.
Growth of the global event pro-AV services market is driven by the surge in the frequency of conducting corporate meetings, inductions, conferences, exhibitions, music concerts, and sports events. Furthermore, the deployment of best-in-class technology that can handle the entire event propels industry growth. Moreover, multi-dimensional events act as a key driver for the growth of the global event services market. In addition, sponsorships from various brands, including Redbull, Monster Energy, Nike, Cocoa Cola, and others for a global three-day festival and a small gig or act in a social club or arena boost the market growth. Moreover, the introduction of new media platforms and distribution methods offers scope for giants to interact and organize events involving artists, performers, speakers, and business coaches. However, surge in market entry cost and rise in industry fragmentation hinders the growth of the industry.
The event pro-AV services market is segmented on the basis of type, platform type, category, and region. On the basis of type, the market is categorized into corporate, entertainment, public, and others. According to platform type, the event pro-av services market is fragmented into the physical event, virtual event, and hybrid event. As per category, the market is divided into sound, visuals, lighting, webcasting, and others. Region-wise, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, Singapore and Rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, United Arab Emirates and Rest of LAMEA).
By type, the entertainment segment dominated the market in 2021, garnering a market share of 40. 1%. The market for event pro-av services is expected to expand in this sector due to the vast range of services offered by the entertainment industry. Future customer attendance at athletic events and concerts is anticipated to increase, which will fuel the segment's expansion. Club festivals, which include international music specialists and music conferences, are moreover a part of the entertainment industry. Events that provide entertainment include gatherings like parties and business conferences. These gatherings draw speakers and artists from around the world who want to network and exchange ideas. Speakers include corporate leaders, producers, artists, and entrepreneurs. The primary goals of these events are to motivate, instruct, and exciting professionals in the electronic music industry while simultaneously sparking discussions on cutting-edge technology, social responsibility, and environmental issues.
Depending on the category, the sound segment dominated the market in 2021, garnering 41.7% of the market share and the webcasting segment is expected to grow at the highest CAGR of 6.6% from 2022 to 2031. This expansion was attributed to the quick uptake of AV technologies by businesses and event organizers all around the world. The COVID-19 pandemic is also the main driver of this market's fast growth. Additionally, speakers, audio controls, and transmitters can address huge crowds. These tools are essential for important events since they improve communication and are particularly helpful in settings like auditoriums, stadiums, and outdoor theatres. Sound equipment is one of the crucial components used to raise the standard of events.
By platform type, the physical event segment dominated the market in 2021, garnering a market share of 57.5%. Moreover, since there is already a substantial corpus of methods and processes for executing physical activities, they are the most often held events. These events are essential for team building, networking, team building exercises, team exchanges, and team strengthening activities which are likely to boost the growth of the market.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the event pro-av services market analysis from 2021 to 2031 to identify the prevailing event pro-av services market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the event pro-av services market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global event pro-av services market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Entertainment
- Sub Type
- Music Concert
- Sports
- Others
- Public
- Others
- Corporate
- Sub Type
- Conference/Seminars
- Trade shows/Exhibitions
- Incentive programs
- Meetings
- Others
By Platform Type
- Virtual Event
- Hybrid Event
- Physical Event
By Category
- Visuals
- Lighting
- Webcasting
- Others
- Sound
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of LAMEA
Key Market Players
- 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
- WyreStorm
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Market Share Analysis
CHAPTER 4: EVENT PRO-AV SERVICES MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Corporate
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.2.4 Corporate Event Pro-Av Services Market by Sub Type
4.2.4.1 Conference/Seminars Market size and forecast, by region
4.2.4.2 Trade shows/Exhibitions Market size and forecast, by region
4.2.4.3 Incentive programs Market size and forecast, by region
4.2.4.4 Meetings Market size and forecast, by region
4.2.4.5 Others Market size and forecast, by region
4.3 Entertainment
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.3.4 Entertainment Event Pro-Av Services Market by Sub Type
4.3.4.1 Music Concert Market size and forecast, by region
4.3.4.2 Sports Market size and forecast, by region
4.3.4.3 Others Market size and forecast, by region
4.4 Public
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
CHAPTER 5: EVENT PRO-AV SERVICES MARKET, BY PLATFORM TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Virtual Event
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Hybrid Event
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Physical Event
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
CHAPTER 6: EVENT PRO-AV SERVICES MARKET, BY CATEGORY
6.1 Overview
6.1.1 Market size and forecast
6.2 Sound
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Visuals
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Lighting
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5 Webcasting
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market share analysis by country
CHAPTER 7: EVENT PRO-AV SERVICES MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.2.1 North America Corporate Event Pro-Av Services Market by Sub Type
7.2.2.2 North America Entertainment Event Pro-Av Services Market by Sub Type
7.2.3 North America Market size and forecast, by Platform Type
7.2.4 North America Market size and forecast, by Category
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Type
7.2.5.1.3 Market size and forecast, by Platform Type
7.2.5.1.4 Market size and forecast, by Category
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Type
7.2.5.2.3 Market size and forecast, by Platform Type
7.2.5.2.4 Market size and forecast, by Category
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Type
7.2.5.3.3 Market size and forecast, by Platform Type
7.2.5.3.4 Market size and forecast, by Category
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.2.1 Europe Corporate Event Pro-Av Services Market by Sub Type
7.3.2.2 Europe Entertainment Event Pro-Av Services Market by Sub Type
7.3.3 Europe Market size and forecast, by Platform Type
7.3.4 Europe Market size and forecast, by Category
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Type
7.3.5.1.3 Market size and forecast, by Platform Type
7.3.5.1.4 Market size and forecast, by Category
7.3.5.2 Germany
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Type
7.3.5.2.3 Market size and forecast, by Platform Type
7.3.5.2.4 Market size and forecast, by Category
7.3.5.3 France
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Type
7.3.5.3.3 Market size and forecast, by Platform Type
7.3.5.3.4 Market size and forecast, by Category
7.3.5.4 Italy
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Type
7.3.5.4.3 Market size and forecast, by Platform Type
7.3.5.4.4 Market size and forecast, by Category
7.3.5.5 Spain
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Type
7.3.5.5.3 Market size and forecast, by Platform Type
7.3.5.5.4 Market size and forecast, by Category
7.3.5.6 Rest of Europe
7.3.5.6.1 Key market trends, growth factors and opportunities
7.3.5.6.2 Market size and forecast, by Type
7.3.5.6.3 Market size and forecast, by Platform Type
7.3.5.6.4 Market size and forecast, by Category
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.2.1 Asia-Pacific Corporate Event Pro-Av Services Market by Sub Type
7.4.2.2 Asia-Pacific Entertainment Event Pro-Av Services Market by Sub Type
7.4.3 Asia-Pacific Market size and forecast, by Platform Type
7.4.4 Asia-Pacific Market size and forecast, by Category
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Type
7.4.5.1.3 Market size and forecast, by Platform Type
7.4.5.1.4 Market size and forecast, by Category
7.4.5.2 India
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Type
7.4.5.2.3 Market size and forecast, by Platform Type
7.4.5.2.4 Market size and forecast, by Category
7.4.5.3 Japan
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Type
7.4.5.3.3 Market size and forecast, by Platform Type
7.4.5.3.4 Market size and forecast, by Category
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Type
7.4.5.4.3 Market size and forecast, by Platform Type
7.4.5.4.4 Market size and forecast, by Category
7.4.5.5 Australia
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Type
7.4.5.5.3 Market size and forecast, by Platform Type
7.4.5.5.4 Market size and forecast, by Category
7.4.5.6 Singapore
7.4.5.6.1 Key market trends, growth factors and opportunities
7.4.5.6.2 Market size and forecast, by Type
7.4.5.6.3 Market size and forecast, by Platform Type
7.4.5.6.4 Market size and forecast, by Category
7.4.5.7 Rest of Asia-Pacific
7.4.5.7.1 Key market trends, growth factors and opportunities
7.4.5.7.2 Market size and forecast, by Type
7.4.5.7.3 Market size and forecast, by Platform Type
7.4.5.7.4 Market size and forecast, by Category
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.2.1 LAMEA Corporate Event Pro-Av Services Market by Sub Type
7.5.2.2 LAMEA Entertainment Event Pro-Av Services Market by Sub Type
7.5.3 LAMEA Market size and forecast, by Platform Type
7.5.4 LAMEA Market size and forecast, by Category
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Type
7.5.5.1.3 Market size and forecast, by Platform Type
7.5.5.1.4 Market size and forecast, by Category
7.5.5.2 South Africa
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Type
7.5.5.2.3 Market size and forecast, by Platform Type
7.5.5.2.4 Market size and forecast, by Category
7.5.5.3 Saudi Arabia
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Type
7.5.5.3.3 Market size and forecast, by Platform Type
7.5.5.3.4 Market size and forecast, by Category
7.5.5.4 UAE
7.5.5.4.1 Key market trends, growth factors and opportunities
7.5.5.4.2 Market size and forecast, by Type
7.5.5.4.3 Market size and forecast, by Platform Type
7.5.5.4.4 Market size and forecast, by Category
7.5.5.5 Rest of LAMEA
7.5.5.5.1 Key market trends, growth factors and opportunities
7.5.5.5.2 Market size and forecast, by Type
7.5.5.5.3 Market size and forecast, by Platform Type
7.5.5.5.4 Market size and forecast, by Category
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Audio Visual Dynamics
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 AV Concepts, Inc.,
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 DSPAV
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Event Solutions
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Freeman Company, LLC.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Meeting Tomorrow
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Panavid, Inc.,
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Pro AV Services, LLC.,
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Shepard Exposition Services, Inc.,
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Viad Corp
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Event pro audio visual
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 WRG
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Black box
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 AVP
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 ProAv
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 Velocis
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 Digital vision Av
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments
9.18 Awesome Av
9.18.1 Company overview
9.18.2 Company snapshot
9.18.3 Operating business segments
9.18.4 Product portfolio
9.18.5 Business performance
9.18.6 Key strategic moves and developments
9.19 BI Worldwide
9.19.1 Company overview
9.19.2 Company snapshot
9.19.3 Operating business segments
9.19.4 Product portfolio
9.19.5 Business performance
9.19.6 Key strategic moves and developments
9.20 FCM
9.20.1 Company overview
9.20.2 Company snapshot
9.20.3 Operating business segments
9.20.4 Product portfolio
9.20.5 Business performance
9.20.6 Key strategic moves and developments
9.21 The events company
9.21.1 Company overview
9.21.2 Company snapshot
9.21.3 Operating business segments
9.21.4 Product portfolio
9.21.5 Business performance
9.21.6 Key strategic moves and developments
9.22 Creative Group
9.22.1 Company overview
9.22.2 Company snapshot
9.22.3 Operating business segments
9.22.4 Product portfolio
9.22.5 Business performance
9.22.6 Key strategic moves and developments
9.23 IBTM World
9.23.1 Company overview
9.23.2 Company snapshot
9.23.3 Operating business segments
9.23.4 Product portfolio
9.23.5 Business performance
9.23.6 Key strategic moves and developments
9.24 Meetings and Incentives Worldwide, Inc
9.24.1 Company overview
9.24.2 Company snapshot
9.24.3 Operating business segments
9.24.4 Product portfolio
9.24.5 Business performance
9.24.6 Key strategic moves and developments
9.25 Wyrestrom
9.25.1 Company overview
9.25.2 Company snapshot
9.25.3 Operating business segments
9.25.4 Product portfolio
9.25.5 Business performance
9.25.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Event Pro-Av Services Market,' The event pro-av services market was valued at $28.6 billion in 2021, and is estimated to reach $56.9 billion by 2031, growing at a CAGR of 7.1% from 2022 to 2031.
Event pro-av services include conferences, birthday parties, marriages, graduation day, engagements, meetings, exhibitions, and others provided by sophisticated audio/visual systems. Conferences and seminars are strategic in-house growth pillars of corporate companies. Conferences and seminars are organized by companies to convey messages to their employees along with entertainment and refreshments. Conferences and seminars are organized quarterly or annually on the basis of the organization. The frequency of organizing these events is high among big corporate companies.
Lighting, visuals, and sounds are important components of these events as these tools help to keep an audience involved with the effects of sound, visuals, and lighting. Moreover, entertains the audience through music, lighting, and visuals based on the nature of the conferences and seminars. U.S. is the global business hub as many global players are based in the U.S. and the majority of companies have their offices in the U.S. Thus, the number of corporate events in the U.S. is increasing, which propels the demand for the pro-Av services market in the country.
Technological progress plays an important role in the corporate event pro-AV services industry. Corporate, events have been transformed with the introduction of the latest technologies. Earlier, in a corporate event, an overhead projector was requested by all event planners, whereas now wireless connectivity has become imperative for the growth and productivity of organizations in the global markets. Moreover, LCD projectors, video conferencing, and high-sound quality are new standard requirements in the corporate event pro-AV services market.
However, it is not only about state-of-the-art high-tech technology but also about versatile technology, which is easy to use. Advancements, including sound, visuals, lighting, and webcasting have become significantly important in any corporate event. Organizations want to give luxury feels to their employees and client during the conference, seminars, exhibitions, and meetings as they want these events to impact the audience for a longer period.
Moreover, the emergence of real-time communication is encouraging companies to adopt several communication technologies, such as video conferencing and virtual events. Low-cost and high effectiveness of such technologies is expected to offer remunerative opportunities for the expansion of the event pro-AV services market during the forecast period.
The major players profiled in the report are Audio Visual Dynamics, Av Concepts, Inc., DSPAV, Event Solutions, Freeman Company, LLC, Meeting Tomorrow, Panavid, Inc., Pro AV Services LLC, Shepard Exposition Services, Inc., and Viad Corp, Event pro audio visual, WRG, Black box, AVP, ProAv, Velocis, Digital vision Av, Awesome Av, BI Worldwide, FCM, The events company, Creative Group, IBTM World, Meetings and Incentives Worldwide, Inc, Wyrestrom.
Key Market Insights
By type, the entertainment segment was the highest revenue contributor to the market, and is estimated to reach $19,844.3 million by 2031, with a CAGR of 7.6%.
By platform type, the physical event segment dominated the global market, and is estimated to reach $31,833.0 million by 2031, with a CAGR of 6.9%. However, the virtual event segment is expected to be the fastest growing segment during the event pro-Av services market Forecast.
Based on category, the sound segment was the highest revenue contributor to the market, with $11,660.4 million in 2021, and is estimated to reach $22,115.4 million by 2031, with a CAGR of 6.6%.
Based on region, Europe was the highest revenue contributor, accounting for $10,479.8 million in 2021, and is estimated to reach $20,069.3 million by 2031, with a CAGR of 6.7%.
Companies Mentioned
- 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.
- Wyrestorm
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 255 |
| Published | November 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 28633.2 million |
| Forecasted Market Value ( USD | $ 56853.4 million |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
