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Event Industry In Market Analysis over Business Prominent Players (2020-2028)

  The  global events industry  is estimated to be valued at  $1,457.2 million by 2028 , surging from  $1,134.5 million in 2020  at a noteworthy  CAGR of 23.1% Impact Analysis of COVID-19 on the Events Industry The global market for events industry is estimated to experience a negative impact amid the COVID-19 pandemic. The growth is declining amidst the pandemic times due to travel restrictions, unprecedented lockdowns, restrictions on large gatherings and social meetings, and others. In addition, work from home situations have led to a decline in corporate meetings, seminars, product exhibitions, and others. In addition, travel restrictions and social distancing measures led to huge revenue losses and postponements or cancellations of events. For instance, men’s T20 World Cup which was scheduled to be held in Australia in October 2020 was cancelled. Also, Tokyo 2020 Olympics was cancelled and postponed by Japan’s Prime Minister Shinzo Abe and the International Olympic Committee, and i