Demand for event service in Japan is driven by the strong financial growth in the country

PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, UNITED STATE, November 30, 2023 /EINPresswire.com/ -- The Japan event service market in has been growing steadily after the COVID-19 pandemic and also is anticipated to maintain the growth trajectory during the forecast period. The Japan event services market is significantly driven by corporates and entertainment industries. Events services providers in Japan are gaining more business from Songs Concerts, Festivals, Athletic Contests, and other casual events. In addition, the corporate entities are also contributing equally to Japan events services market. The frequency of events like Seminars, training, and other business events has increased in the last 2 years.

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The demand for event services in Japan is majorly driven by the economic growth in the country. There has been an expanding need for event services due to increased tourism activities. The government initiative to boost the tourism industry has also provided growth momentum to Japan event services market. Additionally, the introduction of digital innovations in the technology market has boosted the frequency of events hosted to launch such technologies, especially in consumer electronics.

The Japan event services market is segmented into Service, Event Type, End User and Organization. On the basis of service, the market is fragmented into strategy, planning, budget & development; communication & logistics; attendees management & engagement; event catering; virtual or hybrid event enabler; location rental; and others. As per the event type, it is segregated into music concert, festivals, sports, exhibitions & conferences, corporate events & seminar, and others. By end user, it is categorized into corporate, sports, education, entertainment, and others. According to organization, it is classified into small & medium enterprises, large enterprises, and government bodies & NGOs.

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Key findings of the study

By service, the location rental segment was the highest contributor to the market in 2021, and is estimated to grow with a significant CAGR during the forecast period.
By event type, the corporate events and seminars segment was the highest contributor to the market in 2021, and is estimated to grow with a significant CAGR during the forecast period.
By end user, the entertainment segment was the highest contributor to the market in 2021, and is estimated to grow with a significant CAGR during the forecast period.
By organization, the small and medium enterprises segment was the highest contributor to the market in 2021, and is estimated to grow with a significant CAGR during the forecast period.

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