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Events Industry Market Size to Grow by USD 1.07 Trillion from 2025-2029, Surge in Corporate Events to Boost Revenue, Report with the AI Impact on Market Trends – Technavio

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NEW YORK, Feb. 7, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global events industry market  size is estimated to grow by USD 1.07 trillion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  13.5%  during the forecast period. Rise in number of corporate events is driving market growth, with a trend towards growing popularity of events in education. However, emerging threat from open-source virtual events solutions  poses a challenge. Key market players include Access Destination Services, Anschutz Entertainment Group Inc., ATPI Ltd., BCD Travel Services BV, CL EVENTS AND WEDDINGS, Clarion Events Ltd., CS Ellis, Cvent Holding Corp., DRP Holdings Ltd., Entertaining Asia Ltd., Event Rhythm, Group Seven Events Ltd., Liberty Media Corp., Questex Media Group LLC, Regpack Inc., RELX Plc, Riviera Events, Theism Events, and The Freeman Co..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

Type (Corporate events and seminar, Music concert, Festival, Sports, and Others), Source (Sponsorship, Ticket sale, and Others), Geography (Europe, North America, APAC, Middle East and Africa, and South America), Revenue Type (Ticket Sale, Sponsorship, Food and Beverage, Advertising, Merchandise Sales, Membership Fees, Participation Fees, Media and Licensing Revenue, and Others), Age Group (Below 20 Years, 21 to 40 Years, and Above 40 Years), and Event Location (Tier 1 Cities, Tier 2 Cities, and Tier 3 Cities)

Region Covered

Europe, North America, APAC, Middle East and Africa, and South America

Key companies profiled

Access Destination Services, Anschutz Entertainment Group Inc., ATPI Ltd., BCD Travel Services BV, CL EVENTS AND WEDDINGS, Clarion Events Ltd., CS Ellis, Cvent Holding Corp., DRP Holdings Ltd., Entertaining Asia Ltd., Event Rhythm, Group Seven Events Ltd., Liberty Media Corp., Questex Media Group LLC, Regpack Inc., RELX Plc, Riviera Events, Theism Events, and The Freeman Co.

Key Market Trends Fueling Growth

The Events Industry encompasses a wide range of public gatherings, from business objectives such as conferences, exhibitions, seminars, and corporate events, to celebrations of achievements and entertainment. This industry caters to diverse audiences, including corporate organizations, public entities, and non-governmental organizations (NGOs). Events serve various purposes, such as promotions, fundraising initiatives, sports events, festivals, and trade shows. Business events, like conferences and exhibitions, provide a hands-on learning environment for participants, fostering discussions, interactions, and knowledge exchange. They offer significant financial burdens with intricacies like venue costs, event rentals, entertainment expenses, and production costs. Music performances and art performances are integral to the entertainment industry, with music concerts, music festivals, and music conferences featuring international music professionals and performing artists. The sports sector includes sports events, professional sports organizations, and fantasy sports, with telecasting/broadcasting rights and sports sponsorships playing crucial roles. Virtual events and hybrid events have gained popularity in the digital evolution, allowing for cost-effective, easily accessible experiences through smartphones, desktop apps, and mobile apps. Event logistics, registration, ticketing processes, and attendee experiences are essential components of event organization, ensuring customer satisfaction and real-time communication tools. The Events Industry is segmented into various sectors, including corporate events & seminars, music & art performances, sports competitions, and public organizations & NGOs. Event sponsorships are essential for businesses seeking brand loyalty, customer engagement, and positive impressions. Overall, the industry continues to evolve, with emerging technologies and event management companies adapting to societal needs. 

Virtual events in the education sector are gaining popularity as an effective and cost-efficient method for delivering training sessions. These events allow students to access learning materials from qualified instructors at their convenience, regardless of location. Virtual classrooms utilize game dynamics to maintain student engagement and develop time management skills. Additionally, conferencing features enable interactive sessions between students and faculty members, while social media integration enhances networking opportunities. This innovative approach to education reduces expenses and broadens access to quality instruction. 

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Market Challenges

The Events Industry encompasses public gatherings for business objectives, celebrations of achievements, entertainment, and support for community causes. This industry includes conferences, exhibitions, corporate events, seminars, promotions, fundraising initiatives, sports events, festivals, trade shows, and more. Corporate organizations, public entities, and non-governmental organizations (NGOs) host these events for diverse audiences to meet societal needs. Business events offer a hands-on learning environment, discussions, interactions, and knowledge exchange. They aim for financial profitability and positive impressions. Challenges include significant expenditures, intricacies, and communication complexities. The Entertainment Industry intertwines with Events, featuring music concerts, art performances, and sports events. Virtual events, hybrid events, and sponsorships are increasingly popular. Event organization involves event planning, registration, ticketing processes, attendee experiences, and customer satisfaction. Digital evolution impacts the industry with smartphones, desktop apps, and mobile apps. Real-time communication tools, internal processes, international collaborations, and event logistics are essential. The Events Industry is segmented into B2B, B2C, large enterprises, and various event types like corporate events & seminars, music & art performances, and sports competitions.Open-source virtual events pose a significant challenge to commercial enterprise virtual event vendors due to their cost-effectiveness. These software solutions can be downloaded and used on various platforms without any purchasing or licensing fees. Open-source options, such as OpenSim, VirtualBox, and Xen Project, offer basic features comparable to proprietary virtual events. Micro and small-scale enterprises, as well as individual users, prefer open-source virtual events for their affordability. The availability of these free alternatives limits the market for proprietary virtual event providers.

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Segment Overview 

This events industry market report extensively covers market segmentation by

TypeCorporate Events And SeminarMusic ConcertFestivalSportsOthersSourceSponsorshipTicket SaleOthersGeographyEuropeNorth AmericaAPACMiddle East And AfricaSouth AmericaRevenue TypeTicket SaleSponsorshipFood And BeverageAdvertisingMerchandise SalesMembership FeesParticipation FeesMedia And Licensing RevenueOthersAge GroupBelow 20 Years21 To 40 YearsAbove 40 YearsEvent LocationTier 1 CitiesTier 2 CitiesTier 3 Cities

1.1 Corporate events and seminar-  The corporate events and seminars segment of the events industry market is experiencing notable growth due to the complete digitization of core event management processes and the increasing importance of customer-centricity. This segment caters to end-users like private organizations, businesses, corporations, trading associations, educational institutions, and political parties. By outsourcing event planning, these organizations can reduce operational costs by approximately 30%. Services provided include research, venue selection, hotel reservations, transportation, food and entertainment arrangements, site visits, and event execution. Despite this growth, the market share of the corporate events and seminars segment is decreasing due to the expansion of other industries, such as corporations, music, and concerts. Nevertheless, professional development conferences, strategic planning meetings, and annual shareholder meetings continue to contribute significantly to the overall growth of the corporate events and seminars segment. These factors are expected to fuel the expansion of the global events industry market throughout the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2025-2029) and historic data (2019 – 2023) 

Research Analysis

The Events Industry encompasses a vast array of public gatherings, each with unique business objectives. From celebrations of achievements and entertainment to support for community causes, conferences, exhibitions, corporate events, seminars, promotions, and fundraising initiatives, Events serve various purposes. Business profitability is a significant factor, with transactions taking place through online booking and phone calls. Time and place are crucial elements, ensuring smooth execution and maximum impact. Music and art performances, sports, festivals, and trade exhibits cater to diverse populaces. The Events Industry is a dynamic and vibrant sector, bringing people together for a myriad of reasons.

Market Research Overview

The Events Industry encompasses a wide range of public gatherings, serving various business objectives and societal needs. These events include celebrations of achievements, entertainment spectacles, support for community causes, conferences, exhibitions, corporate events, seminars, promotions, fundraising initiatives, sports events, festivals, trade shows, and more. Participants engage in discussions, interactions, and learning opportunities, while organizers manage the intricacies and significant expenditures. Business entities, public organizations, non-governmental organizations (NGOs), and diverse audiences come together in this vibrant sector. Events serve various purposes, from knowledge exchange and networking to marketing and brand loyalty. The entertainment industry, including music concerts, art performances, and sports, plays a significant role. Virtual events, hybrid events, and sponsorships have become increasingly popular, with organizers leveraging software, platform, and B2B/B2C organizations for cost-effective and easily accessible solutions. Real-time communication tools and digital evolution facilitate seamless event logistics, registration, ticketing processes, and attendee experiences. The Events Industry caters to large enterprises, professional sports organizations, and international collaborations, with various segments, including corporate events & seminars, conferences & exhibitions, promotion & fundraising, music & art performances, and sporting competitions. Overall, the industry continues to evolve, adapting to emerging technologies and the ever-changing needs of its diverse clientele.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeCorporate Events And SeminarMusic ConcertFestivalSportsOthersSourceSponsorshipTicket SaleOthersGeographyEuropeNorth AmericaAPACMiddle East And AfricaSouth AmericaRevenue TypeTicket SaleSponsorshipFood And BeverageAdvertisingMerchandise SalesMembership FeesParticipation FeesMedia And Licensing RevenueOthersAge GroupBelow 20 Years21 To 40 YearsAbove 40 YearsEvent LocationTier 1 CitiesTier 2 CitiesTier 3 Cities

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Topaz Labs announces its largest single release of AI models in company history with “Next-Gen” launch

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DALLAS, April 28, 2026 /PRNewswire/ — Topaz Labs, the AI image and video enhancement company, has announced four new image enhancement models and two video enhancement models across five applications. The collection of “Next-Gen” models offer powerful sharpening, denoising, and upscaling results to visual content. Image models included are Wonder 3, Denoise Max, Super Focus 3, and High Fidelity 3. For video, Starlight Precise 2.5 and Astra 2 were announced.

The collection of models offers powerful sharpening, denoising, and upscaling results to visual content.

“This is both the largest and most technically advanced set of models we’ve released in the company’s history,” says Eric Yang, CEO, Topaz Labs. “We launched Topaz NeuroStream earlier this year with the goal of enabling local rendering of complex models for more users. Without such technology, the complex, heavyweight AI models in today’s release would have been limited to cloud-only rendering, forcing users to pay per use and be reliant on internet connection. We believe local use is crucial to the future of AI in both professional and consumer use cases, and today’s release is a huge step.” 

Topaz NeuroStream is proprietary technology that reduces VRAM usage by up to 95% and allows exponentially more users on consumer-grade hardware to use AI models locally. A total of six Topaz models are now powered by NeuroStream.

Next-Gen Release Image Models 

Wonder 3: A magical, one-click sharpen, upscale, and denoise model for images.
Denoise Max: New standard for removing noise and grain in images.
Super Focus 3: Next-level sharpening model that brings subjects back from the blur.
High Fidelity 3: The newest model for upscaling high-res inputs like smartphone photos and RAW images.

All image models in this release are available in Topaz Photo desktop application and via API. Wonder 3 and Denoise Max are also available in Express, a web-based tool.

Next-Gen Release Video Models

Starlight Precise 2.5 (Local): Groundbreaking video model that brings out natural visual details with stunning results, with local availability in Topaz Video

Astra 2: The next generation of creative video upscaling that enhances clarity, richness, and visual complexity of videos by adding new detail.

Both highlighted video models are available via cloud rendering in Astra and API. Starlight Precise 2.5 (Local) can be found in the Topaz Video desktop application.

About Topaz Labs
Founded in 2005, Topaz Labs is a leader in AI-powered image and video enhancement. Its technology is used by 1.5 million customers, including 20 of the world’s top 50 companies. Known for industry-leading products like Topaz Photo, Topaz Video, Topaz Gigapixel, Astra and Bloom, the company continues to invest heavily in research and development, advancing the frontiers of imaging technology in collaboration with academic and industry partners.

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SOURCE Topaz Labs

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Dreame Technology Launches the L60 Series, Led by the Flagship L60 Pro Ultra

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New lineup brings industry-leading intelligence and full-home automation to a new generation of robot vacuums

SAN FRANCISCO, April 28, 2026 /PRNewswire/ — Dreame Technology, a leader in smart home innovation, today announced the L60 Series, a new lineup of four robot vacuums engineered for the full range of modern home environments. Built on a shared foundation of premium cleaning performance, intelligent navigation, and hands-free automation, the L60 Series is designed to meet the needs of every kind of household, from compact apartments to multi-story homes, and from single-surface layouts to complex mixed-flooring environments.

“The L60 Series represents exactly what Dreame stands for: powerful, intelligent cleaning that adapts to how people actually live,” said Ana Wang, CEO of Dreame Technology North America. “Whether you have a multi-story home, pets, mixed flooring, or low furniture, there’s an L60 built for your needs. Every model in the lineup delivers the core cleaning experience our customers expect from Dreame.”

Meet the L60 Series

The L60 Series is built around four distinct models, each tailored to a different home profile and cleaning priority:

L60 Pro Ultra — The Ultimate All-in-One. The flagship vacuum is purpose-built for large floor plans, multi-surface transitions, and complex terrain. Features the 3.46-inch ProLeap™ System, 35,000Pa Vormax™ Suction, Dual Omni-Scrub Mopping with Hot Water, and an industry-leading 6,400mAh PowerCore™ Battery.L60 Ultra — Precision Whole-Home Coverage. A balanced high-performer built around Dreame’s latest 2026 sensor technology and a 3.23in (82mm) ultra-thin design for precise navigation in low-light spaces and flawless cleaning under low-profile furniture. Includes AI-Enhanced 3D ToF Vision, 35,000Pa Vormax™ Suction, HyperStream™ Detangling DuoBrush 2.0, SmartDirt™ Detection, Pet-Friendly Care 5.0, and Matter, Apple Watch, and Home Screen Shortcut support.L60 Ultra PE (Performance Edition) — The Intelligent Step-Up. An upgraded everyday performer for homes that need an extra boost on hair pickup, with 30,000Pa Vormax™ Suction, the HyperStream™ Detangling DuoBrush, 3DAdapt™ Obstacle Avoidance, and Smart Pathfinder Technology with 220 object type recognition.L60 Ultra FE (Fine Edition) — The Essential Automated Choice. An entry-level powerhouse delivering the core promise of maintenance-free floor care, with 30,000Pa Vormax™ Suction, TriCut Brush 3.0, Dual Flex Arm Technology, and the full PowerDock™ automation experience.

A Shared Foundation of Premium Performance

Every model in the L60 Series shares a core set of capabilities that set a new baseline for modern robot vacuums, including:

212°F (100°C) ThermoHub™ Mop Self-Cleaning for hygienically clean mop pads after every cycle30,000–35,000Pa Vormax™ Suction across the lineup for powerful pickup on every surfaceDual Flex Arm Technology for adaptive side-brush and mop coverage in corners and along edgesMop Lifting for seamless transitions between hard floors and carpetAutomatic Solution Dispensing for consistent cleaning chemistry without manual refillsThe 8-in-1 PowerDock™ base station, which handles auto-empty, mop washing, hot-air drying, and solution management for truly hands-free operation

L60 Pro Ultra: The Flagship Experience, Redefined for Complex Homes

Leading the lineup is the L60 Pro Ultra, featuring select top-tier specifications optimized for large-scale layouts and complex terrains. It pairs the series’ most capable hardware with Dreame’s most advanced intelligence to deliver a seamless, one-stop cleaning experience that effortlessly tackles stubborn stains across expansive and complex home layouts.

At the heart of the Pro Ultra’s navigation advantage is the 3.46-inch ProLeap™ System, the lineup’s most capable obstacle-crossing system, paired with VersaLift Navigation for cleaning under low-clearance furniture. It is equipped with dual-laser 3D structured light, an AI RGB camera, and LED illumination, enabling it to recognize over 280 types of obstacles — for precise, real-time avoidance in any lighting condition.

The Pro Ultra delivers 35,000Pa Vormax™ Suction alongside the HyperStream™ Detangling DuoBrush, together extracting embedded debris, pet hair, and fine particles from every floor type without tangles or jams. Its Dual Omni-Scrub Mopping with Hot Water system pairs rotating mop pads with a Thermal Mop Pad and ThermoHub™ 212°F (100°C) Mop Self-Cleaning, while the AceClean™ DryBoard minimizes residue — eliminating grease, bacteria, and moisture that cold-water systems simply can’t address. An industry-leading 6,400mAh PowerCore™ Battery provides whole-home coverage on a single charge.

The Pro Ultra’s OmniDirt™ Detection Technology identifies high-soil areas and automatically triggers Mop Rewashing and Floor Remopping for a truly thorough result. Pet-Friendly Care 4.0 adds pet-aware detection and navigation, while Upgraded Intelligent Carpet Cleaning optimizes suction and mop behavior for mixed-flooring homes. Direct Voice Control and app control round out the experience for effortless day-to-day use.

Pricing and Availability

The Dreame L60 Series is available now through the Dreame website and Amazon (L60 Pro Ultra, L60 Ultra, L60 Ultra PE, L60 Ultra FE), with launch-offer pricing through the official website. Customers who purchase on dreametech.com receive a free accessory kit with their order.

L60 Pro Ultra — MSRP $1,399.99 | Launch Offer $1,259.99L60 Ultra — MSRP $1,299.99 | Launch Offer $1,169.99L60 Ultra PE — MSRP $1,099.99 | Launch Offer $879.99L60 Ultra FE — MSRP $999.99 | Launch Offer $749.99

For more information about the L60 Series, visit dreametech.com/pages/l60-series-robot-vacuum.

About Dreame Technology

Established in 2017, Dreame Technology is an innovative consumer product company focused on smart home cleaning appliances with the vision to empower lives through technology. Follow us on Facebook, Instagram, TikTok and Twitter. For more information, please visit https://www.dreametech.com/.

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SOURCE Dreame Technology

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Vanda Pharmaceuticals announces the publication of “Efficacy and Safety of Imsidolimab for Generalized Pustular Psoriasis” in NEJM Evidence

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WASHINGTON, April 28, 2026 /PRNewswire/ — Vanda Pharmaceuticals Inc. (Vanda) (Nasdaq: VNDA) today announced the publication of the original research article titled “Efficacy and Safety of Imsidolimab for Generalized Pustular Psoriasis” in New England Journal of Medicine (NEJM) Evidence1.

The findings of this pivotal phase III study are included in the Biologics License Application (BLA) for imsidolimab for the treatment of Generalized Pustular Psoriasis (GPP), submitted to the U.S. Food and Drug Administration (FDA) with a target action date of December 12, 2026.

References

Smieszek, S. et al. Efficacy and Safety of Imsidolimab for Generalized Pustular Psoriasis. NEJM Evidence 5, (2026). 

About Imsidolimab

Imsidolimab is a fully humanized IgG4 monoclonal antibody that inhibits IL-36 receptor signaling and is being developed for GPP, a rare orphan indication. Regulatory and patent exclusivity for imsidolimab is expected to extend into the late 2030s. Vanda holds an exclusive global license for the development and commercialization of imsidolimab from AnaptysBio (Nasdaq: ANAB).

About Vanda Pharmaceuticals

Vanda is a leading global biopharmaceutical company focused on the development and commercialization of innovative therapies to address high unmet medical needs and improve the lives of patients. For more on Vanda Pharmaceuticals Inc., please visit www.vandapharma.com and follow us on X @vandapharma.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Various statements in this press release, including, but not limited to statements regarding the anticipated timing of the completion of the FDA’s review of the imsidolimab BLA; Vanda’s plans to seek FDA approval of imsidolimab for the treatment of GPP; and the potential to extend regulatory and patent exclusivity for imsidolimab into the late 2030s, are “forward-looking statements” under the securities laws. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Forward-looking statements are based upon current expectations and assumptions that involve risks, changes in circumstances and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Vanda’s forward-looking statements include, among others, the FDA’s ability to complete its review of, and reach a decision with respect to, the imsidolimab BLA by December 12, 2026; Vanda’s ability to obtain FDA approval of imsidolimab for the treatment of GPP; and Vanda’s ability to satisfy the conditions necessary to extend regulatory and patent exclusivity for imsidolimab into the late 2030s. Therefore, no assurance can be given that the results or developments anticipated by Vanda will be realized, or even if substantially realized, that they will have the expected consequences to, or effects on, Vanda. Forward-looking statements in this press release should be evaluated together with the various risks and uncertainties that affect Vanda’s business and market, particularly those identified in the “Cautionary Note Regarding Forward-Looking Statements”, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Vanda’s most recent Annual Report on Form 10-K, as updated by Vanda’s subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov.

All written and verbal forward-looking statements attributable to Vanda or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Vanda cautions investors not to rely too heavily on the forward-looking statements Vanda makes or that are made on its behalf. The information in this press release is provided only as of the date of this press release, and Vanda undertakes no obligation, and specifically declines any obligation, to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Corporate Contact:
Kevin Moran
Senior Vice President, Chief Financial Officer and Treasurer
Vanda Pharmaceuticals Inc.
202-734-3400
pr@vandapharma.com

Jim Golden / Jack Kelleher / Dan Moore
Collected Strategies
VANDA-CS@collectedstrategies.com

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SOURCE Vanda Pharmaceuticals Inc.

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