SpendEdge, a global procurement market intelligence firm, has announced
the release of its Global
Meetings and Events Category – Procurement Market Intelligence Report.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190425005418/en/
Global Meetings and Events Category – Procurement Market Intelligence Report. (Graphic: Business Wire)
The corporate sector is witnessing a stark rise in the frequency of
business-related travel which is attributed to the sector’s aim to
expand their geographical reach. Professionals are required to travel to
attend client meetings and to ink corporate deals which are in line with
their goals of business expansion. This, on the other hand, is creating
ample opportunities for service providers of the meetings and events
category and is driving the spend momentum to a significant extent.
However, spiraling travel-related expenditure and accommodation costs
will increase the OPEX of service providers which are ultimately borne
by buyers in the form of an excess procurement spend. Get
access to the Free Sample copy of this meetings and events
market intelligence report here!
The growing requirement of the IT and automotive industries to organize
large-scale product launch events is primarily driving the category
growth in the US. Service providers in North America leverage the
hologram technology which enables visualization of speakers who are not
present at the venue. This reduces the requirement of traveling thereby,
saving the expenditure on it. Presence of such technologically capable
service providers is improving the category viability in North America.
APAC is one of the fastest growing regions in the global events and
meetings market owing to the growth of industries such as manufacturing,
agriculture, and healthcare in the region.
Insights offered in this meetings and events procurement research report
include supply market forecasts, major cost drivers, and category
management insights. Such insights are relevant for both the buyers and
the suppliers who seek a risk-free and a cost-effective procurement
strategy. The category spend segmentation done in this meetings and
events market intelligence report will guide the investors in
identifying the best investment areas as well as help them in
identifying cost-saving opportunities in the market. Request
free customization of this meetings and events market
intelligence report to get information tailored to your every
requirement.
“Engaging with service providers that can offer a wide range of
value-added services such as conducting outdoor games and leisure travel
post-event can help buyers achieve significant cost savings while
enhancing collaborations among attendees,” says SpendEdge
procurement expert Sumit Yadav.
This meetings and events procurement research report has estimated the
following cost drivers to influence the category growth in the coming
years:
-
Rapid demand from the SME sector will be a crucial growth driver for
the category -
Cybersecurity risks can have a high impact on meetings and events
market -
Purchase the full
meetings and events market intelligence report here!
|
SpendEdge is now offering limited-time discounts on report |
SpendEdge’s procurement
market intelligence reports for the travel
and entertainment category provide detailed supply market forecasts
and cost drivers that impact category growth. Such information will help
procurement managers as well as the suppliers to determine the total
cost of ownership and change their procurement strategies accordingly.
Additionally, SpendEdge’s reports provide category management insights
and information on the procurement best practices for the category.
Report scope snapshot: Meetings and events
Category pricing insights
- Pricing outlook
- Total cost of ownership analysis
- Supplier cost structure
-
Interested to know more about the scope of our market intelligence
reports? Download
a FREE sample
Cost-Saving Opportunities
- Supplier-side levers
- Buyer-side levers
- Quantifying cost savings by negotiation strategies
-
Want customized information from the meetings and events
procurement research report? Get
in touch
Category ecosystem
- Competitiveness index for suppliers
- Buyer power
- Supplier power score
-
To view the table of contents of this market intelligence report,
Download
a FREE sample
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-
Global
Conference Planning Services Category – Procurement Market
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Fleet Management Services Category – Procurement Market Intelligence
Report
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190425005418/en/