Meetings and Events Procurement Intelligence expected to grow at a CAGR of 4.1% from 2024 to 2030
Meetings and Events Procurement Intelligence Procurement of meetings and events services involves the process of acquiring or finding suitable venues, arranging catering, securing audio-visual equipment, and hiring staff. The global market size was estimated at USD 812.4 billion in 2023. Business expansion efforts, networking opportunities, and the growing importance of face-to-face interactions in the digital age have created a demand for the services. The worldwide business environment is experiencing a significant shift in how companies conduct meetings, trade shows, seminars, and other gatherings. Changing lifestyles, professional practices, and social interactions have been fundamentally altered in recent years, resulting in a ripple effect that has generated fresh prospects within the industry. Hybrid events are rapidly establishing themselves as the prevailing standard in the industry. Through a combination of both physical and virtual components, hybrid events are ...