market research report: event management market in india 2010
DESCRIPTION
For the complete report, get in touch with us at: [email protected] The structure of the event management market in India is slowly changing from an unorganized framework towards an organized market. The market for event management in India is expected to witness growth of 25% p.a. and reach INR 23 bn by 2012. Event managers are in great demand with the rise in corporate and personal events needing professionals to manage them. The report begins with a quick overview of the market with estimated market size, growth rate and segmentation of events. It further elaborates on the stages of organizing an event. An analysis of drivers reveals that increase in disposable income and willingness to spend, increase in below the line promotion among establishments, rising need of organized and structured event, and rise in number of institutions providing specific courses in event management is driving growth in this sector. The key challenges identified include lengthy procedure for import of equipments and high levels of entertainment tax imposed by the government. The competitive landscape identifies major event management companies in India including their company overview, services offered and operations.TRANSCRIPT
Event Management Market - India
June 2010
2EVENT MANAGEMENT MARKET IN INDIA 2010.PPT
SAMPLE
Executive Summary
Market
Drivers &
Challenges
Competition
�Estimated worth INR a bn in 20--, expected to grow to INR b bn in 20--
�Market is highly unorganised having huge opportunities of growth
�Main segments of events are Corporate, Leisure, Cultural and Personal, with a rising demand of
management in the corporate sector
Drivers:
�Growth in consumer spending and disposable income, increase in below the line promotion
among establishments, rising need of organized and structured event, rise in number of
institutions providing specific courses in event management
Challenges:
� Lengthy procedure for imports and high levels of entertainment tax imposed by the government
�Most of the players manage corporate events and leisure events
�Players are divided as national and local players
Company 6Company 3
Company 5Company 2
Company 4Company 1
National PlayersLocal Players
3EVENT MANAGEMENT MARKET IN INDIA 2010.PPT
•Market Overview
•Drivers & Challenges
•Competition
•Key Developments
4EVENT MANAGEMENT MARKET IN INDIA 2010.PPT
SAMPLE
Numerous festivals, occasions and upcoming events is
expected to lead to a growing event management industry
Market Overview Market Size & Growth
Source:
0
5
10
15
20
25
a
2010
c
2011e
b
2012e
X%INR bn
Segmentation of Event Management
• Any type of a gathering, ceremony, competition,
convention, happening, festival, media event, party
or sporting event comes under the purview of the
event management market
• The market is valued at INR a bn in 20-- and is
growing at X% CAGR
• India being a country rich in heritage and culture
holds numerous events throughout the year
• Due to this factor there are huge opportunities of
growth in this sector
• Event management industry is approximately XX to
YY years old in India and is still gaining momentum
• This was primarily an A market which is slowly
emerging in to an B market structure
• Increase in EM 1 and EM 2 occasions needing
professionals to manage them has led to a major
demand for event managers
Events
EM 2 EM 3 EM 4EM 1
5EVENT MANAGEMENT MARKET IN INDIA 2010.PPT
Procedure followed by players in the market towards
organizing an event
S 1 S 2 S 3 S 4 S 5
• After the event
has been finalized
all facilities,
equipments and
the sequence of
events should be
continuously
monitored
• Determine the
sources of
revenues
depending on the
type of event
• Primary task is to
find the expected
expenditure and
accordingly plan
the budget
• It should be
borne in mind
that major event
dates should not
coincide
• A particular event
should be well
spaced from
other events of
the same kind
• At the very onset
it should be
broadly found
out whether the
event is possible
• Keeping in mind
the time, funds,
people involved
and venue
• According to the
target audience
different
marketing
strategies should
be applied
• Whether
sponsorship,
advertising ticket
sales
Source:
Key Steps in Event Management
Stage 1 Stage 2 Stage 3
SAMPLE
6EVENT MANAGEMENT MARKET IN INDIA 2010.PPT
Drivers & Challenges – Summary
Rising need of organized and
structured event
Rise in number of institutions
providing specific courses in event
management
Increase in below the line promotion
among establishments
Growth in consumer spending and
disposable income
Drivers
High levels of entertainment tax
imposed by the government
Lengthy procedure for import of
equipments
Challenges
7EVENT MANAGEMENT MARKET IN INDIA 2010.PPT
SAMPLE
Major Players (1/12)
Source:
•Events Organized
EO 1 (Bangalore), EO 2 (Mumbai), EO 3 (Bangalore), EO 4 (Gurgaon), EO 5 (Bangalore)
•Clients
Client 1, Client 2, Client 3, Client 4, Client 5, Client 6, Client 7, Client 8, Client 9, Client 10, Client 11, Client 12, Client 13,
Client 14, Client 15, Client 16, Client 17, Client 18, Client 19, Client 20, Client 21, Client 22, Client 23
Expansion Plans
To expand operations in the B market by entering into strategic alliances with L
Company A
Corporate Information
Headquarters L 1
Location L 2
Key People Person A
Services offered
• It organizes A1 , A2 and A3 Events
• It has been successful in hosting some big events in
India like performance of Band 1 in 20--, B2 concert
at M, 20-- and that of E1, Delhi and Bangalore in
February 20--
Operations : Snapshot
8EVENT MANAGEMENT MARKET IN INDIA 2010.PPT
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