Event and Exhibition Market Projected to Offer USD 58.96 Revenue Opportunity By 2032 | Astute Analytica [Yahoo! Finance]
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RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX)
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Source: Yahoo! Finance
Despite facing challenges, the industry's adaptability and resilience suggest a vibrant future with continued expansion and influence. New Delhi, June 12, 2024 (GLOBE NEWSWIRE) -- The global event and exhibition market is set to attain valuation of US$ 58.96 billion by 2032 from US$ 44.02 billion in 2023 at a CAGR of 3.30% during the forecast period 2024–2032. The events and exhibition market has been a dynamic and evolving sector, with 2024 marking a year of significant growth and transformation. The market, which was valued at $44.02 billion in 2023, has seen a substantial increase in revenue, with 35% of professionals reporting up to a 50% revenue increase in 2023 compared to the previous year. This upward trajectory is expected to continue, with projections estimating the global events industry market to reach a staggering $2.1 trillion by 2032. This growth is mirrored in the increased budgets allocated to events and exhibitions. A remarkable 73% of marketers have expanded the
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