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Event Logistics Market to Reach $123.8 billion, Globally, by 2033 at 6.5% CAGR: Allied Market Research

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The event logistics market is driven by factors such as rise in demand for seamless event execution, increase in advancements in supply chain and transportation technologies, and rise in adoption of digital and automated solutions to enhance event planning and operational efficiency.

WILMINGTON, Del., April 15, 2025 /PRNewswire/ — Allied Market Research published a report, titled, ‘Event Logistics Market by Type (Freight Forwarding, Inventory Management, and Distribution Systems), by Application (Entertainment and Media, Sports Events, Trade Fairs and Corporate Events, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033′. According to the report, the ‘event logistics market’ was valued at $68 billion in 2023, and is estimated to reach $123.8 billion by 2033, growing at a CAGR of 6.5% from 2024 to 2033.

Prime determinants of growth

The event logistics market is expected to witness notable growth owing to rise in need of entertainment and media events, growing adoption of event logistics in movie and sports industry, and increase in the number of vehicles. Moreover, surge in adoption of technological solutions in the industry and increase in globalization of trade are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, growing expenses associated with logistics and economic volatility and lack of skilled professionals and technical complexities in deployment of threat intelligence solutions limit the growth of the event logistics market.

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Report coverage & details:

Report Coverage

Details

Forecast Period

2023–2033

Base Year

2023

Market Size in 2023

$68 Billion

Market Size in 2033

$123.8 Billion

CAGR

6.50 %

No. of Pages in Report

263

Segments covered

Type, Application, and Region

Drivers

Rise in need of entertainment and media events

Growing adoption of event logistics in movie and sports industry

Increase in the number of vehicles

Opportunities

Surge in the adoption of technological solutions in the industry

Increase in globalization of trade

Restraints

Growing expenses associated with logistics and economic volatility

Lack of skilled professionals and technical complexities in deployment of threat intelligence solutions

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The freight forwarding segment to maintain its leadership status during the forecast period.

By type, the freight forwarding segment held the highest market share in 2023, accounting for nearly two-third of the global event logistics market revenue and is estimated to maintain its leadership status during the forecast period. This dominance is driven by rise in globalization of events, increase in need for efficient cross-border transportation of event materials, and rise in demand for specialized logistics solutions to handle time-sensitive and high-value shipments.

The sport events segment to maintain its leadership status during the forecast period.

By application, the sport events segment held the highest market share in 2023, accounting for nearly one-third of the global event logistics industry and is estimated to maintain its leadership status during the forecast period. This dominance is driven by increase in globalization of events, rise in need for efficient cross-border transportation of event materials, and rise in demand for specialized logistics solutions to handle time-sensitive and high-value shipments. In addition, advancements in real-time tracking, temperature-controlled logistics, and customized freight solutions are further strengthening the segment growth.

North America dominated the market in 2023

Region-wise, North America region generated the largest share in 2023, accounting for nearly half of the global event logistics market and is estimated to maintain its leadership status during the forecast period. This growth is primarily driven by presence of a well-established event industry, strong transportation and logistics infrastructure, and increasing number of large-scale corporate events, concerts, trade shows, and sports tournaments. Also, the region benefits from advanced technological adoption in logistics, including real-time tracking, automated warehousing, and AI-powered supply chain management, ensuring seamless event execution.

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Leading Market Players: –

AgilityFedExC.H. Robinson Worldwide, Inc.DB SchenkerUnited Parcel Service of America, Inc.CEVA LogisticsKuehne+NagelXPO, Inc.DHL Group

If you have any questions, please feel free to contact our analyst at:
https://www.alliedmarketresearch.com/connect-to-analyst/A10340

The report provides a detailed analysis of these key players in the global event logistics market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in country. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

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AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

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About us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of ‘Market Research Reports‘ and ‘Business Intelligence Solutions’. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

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Nocpix: Always One Step Ahead in Outdoor Electro-optic Innovation with AI-Driven Thermals and Night Vision

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YANTAI, China, April 29, 2025 /PRNewswire/ — Hunting, one of humanity’s oldest traditions, is being transformed by modern technology. Today, innovations like thermal imaging devices, GPS trackers, smart scopes, and AI-driven vision systems are redefining how hunters track, observe, and engage with their environment. Among these innovations, thermal imaging stands out as a true game-changer. The ability to detect heat signatures, spot targets beyond the naked eye’s capabilities, and make calculated shots has revolutionized the hunting experience. In the crowded thermal market, a new brand called Nocpix is coming to US and European hunters making another option for night hunting.

Why is Nocpix Taking the Thermal Optics Market by Storm?

Amidst a competitive field of legacy brands, Nocpix has emerged as a standout name in high-definition thermal imaging. Though a relatively new entrant, they’ve quickly claimed a position at the forefront of the industry by focusing on cutting-edge thermal imaging sensor technology, intuitive ergonomics, and field-proven reliability. Their Ultra-HD thermal imaging systems are now competing head-to-head with established players in the space, combining cutting-edge sensor technology, Reality+ AI-enhanced imaging algorithms, and intuitive designs to deliver industry-leading thermal optics for hunters and outdoor professionals.

Professional Thermal Binoculars for Hunters – QUEST

Nocpix’s product line began with compact monoculars and thermal riflescopes. Today, Nocpix has launched a groundbreaking thermal imaging device — the Quest thermal imaging binoculars. Weighing just 700g, lightweight design allows effortless one-handed operation. The auto screen-off eyepiece prevents accidental light leakage, ensuring stealth during tracking. With a detection range of up to 2600m, a 1000m integrated LRF, and ballistic calculation, QUEST provides precise distance measurement and target data for accurate outdoor observation. Because of these outstanding performance, these binoculars quickly captured the attention of outdoor hunting enthusiasts.

Why Does Binocular Vision Feel More Comfortable?

The human brain is designed for binocular vision — using both eyes to create depth, clarity, and a more immersive viewing experience. Nocpix Quest inherits the intuitive operational logic of traditional binoculars and redefines the night observation experience. As stated by professional hunter Chris Parkin: “This is currently the most user-friendly and feature-rich thermal imaging device — whether day or night, it allows you to become a ‘participant’ in the environment, rather than a mere observer.”

For Further Information:

Nocpix Marketing Department
E-mail: info@nocpix.com
Website: www.nocpix.com 

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Federal Resources Corporation Joins Forces with Electrosoft as a Subcontractor on PROTECTS Cyber Support BPA

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FRC brings decades of experience in federal contracting and is known for delivering robust solutions to complex challenges. By joining forces with Electrosoft, we aim to enhance our capabilities in safeguarding our nation’s cyber infrastructure.

ERIE, Pa., April 29, 2025 /PRNewswire-PRWeb/ — Federal Resources Corporation (FRC) is thrilled to announce our partnership with Electrosoft as a subcontractor on the newly awarded PROTECTS Cyber Support Blanket Purchase Agreement (BPA). This collaboration underscores our commitment to providing outstanding cybersecurity solutions alongside a leading firm in the industry.

“We are honored to partner with Electrosoft on this important initiative,” said Jeremy Young, CEO at FRC. “Their focus on delivering exceptional cyber support services aligns perfectly with our mission to address evolving cybersecurity needs of our government partners.”

FRC brings decades of experience in federal contracting and is known for delivering robust solutions to complex challenges. By joining forces with Electrosoft, we aim to enhance our capabilities in safeguarding our nation’s cyber infrastructure.

“We are honored to partner with Electrosoft on this important initiative,” said Jeremy Young, CEO at FRC. “Their focus on delivering exceptional cyber support services aligns perfectly with our mission to address evolving cybersecurity needs of our government partners.”

The PROTECTS Cyber Support BPA offers an exciting opportunity for both FRC and Electrosoft to work together in delivering comprehensive cybersecurity services, including threat assessment, incident response, and system security engineering. This partnership not only strengthens FRC’s position in the cybersecurity landscape but also reflects our dedication to upholding the highest standards of security for our clients.

About Federal Resources Corporation

Federal Resources Corporation (FRC) specializes in delivering mission-critical cybersecurity solutions and secure IT solutions tailored for the U.S. Federal Government, State, Local, and Education (SLED) markets, and enterprise environments. As a leading Value-Added Reseller, and IT Services Provider, we empower our technology partners by expanding their reach and driving success through comprehensive customer success management.

About Electrosoft

Electrosoft is a premier provider of cybersecurity and IT solutions, focused on serving federal agencies and governmental organizations. With a mission to enhance the security and resilience of critical systems, Electrosoft specializes in delivering comprehensive services such as cybersecurity assessments, system engineering, and incident response support.

Founded on the principles of innovation and excellence, Electrosoft combines deep industry expertise with the latest technological advancements to tackle the evolving challenges of the digital landscape. Our team of skilled professionals is committed to empowering government partners through tailored solutions that ensure the protection of sensitive information and compliance with industry regulations.

Media Contact:

James Ford

Director of Marketing

jford@fedresources.com

814-636-8020

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SOURCE Federal Resources Corporation

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AI as a Service Market worth $91.20 billion by 2030 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., April 29, 2025 /PRNewswire/ — The AI as a Service Market is expected to significantly increase from USD 20.26 billion in 2025 to USD 91.20 billion by 2030 at a CAGR of 35.1% during the forecast period, according to a new report by MarketsandMarkets™. 

Increasing demand for cost-effective AI solutions, cloud adoption, and demand for increased business efficiency drive the AI as a Service Market. AIaaS plays a key role in helping organizations boost data analytics performance, drive automation, and create more meaningful customer engagement. Furthermore, improvements in machine learning, natural language processing, and AI frameworks contribute to the market’s growth in all segments of the industry. 

Browse in-depth TOC on ‘AI as a Service Market’

283 – Tables
60 – Figures
398 – Pages

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Scope of the Report

Report Metric

Details

Market size available for years

2020–2030

Base year considered

2024

Forecast period

2025–2030

Forecast units

USD (Billion)

Segments Covered

Product Type, Organization Size, Business Function, Service Type, End User, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

Microsoft (US), IBM (US), Google (US), AWS (US), OpenAI (US), NVIDIA (US), Salesforce (US), Oracle (US), SAP (Germany), FICO (US), Cloudera (US), ServiceNow (US), HPE (US), Altair (US), SAS Institute (US), DataRobot (US), Databricks (US), C3 AI (US), H2O.ai (US), Alibaba Cloud (China), Domo (US), Intellias (US), Mistral AI (France), Rainbird Technologies (UK), BigML (US), Yottamine Analytics (US), Scale AI (US), Landing AI (US), Synthesia (UK), Yellow.ai (US), Cohere (Canada), Anyscale (US), Abridge (US), Inflection AI (US), Glean (US), Codeium (US), Arthur (US), Levty AI (US), Unstructured.io (US), Clarifai (US), DeepSearch (Austria), Katonic AI (Australia), MindTitan (Estonia), Viso.ai (Switzerland), MonkeyLearn (US), and Softweb Solutions (US).

BFSI Enterprise End User will register the largest market share during the forecast period.

With the growing implementation of AI as a Service (AIaaS) to improve operational performance, risk management, and customer satisfaction, the BFSI sector is positioned to lead the AIaaS market. AIaaS empowers companies with advanced analytics, fraud detection, personalized services, and automation, all without significant infrastructure costs. The need for real-time insights, regulatory compliance, and security measures drives the increasing demand for AI solutions in BFSI. Furthermore, AI-driven chatbots, virtual assistants, and predictive analytics play a role in simplifying customer engagements and providing personalized financial guidance, strengthening the use of AIaaS in this sector. The industry’s continual digital evolution and emphasis on creativity position it as a critical force in the AIaaS market.

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No-Code or Low-Code ML Tools Product Typeis poised for the fastest growth rate during the forecast period.

No-code or low-code machine learning (ML) tools are expected to experience the most significant growth in the AI as a Service (AIaaS) market because they are easy to use for those with limited coding skills. These tools allow companies to create and use AI models without deep coding knowledge, thus democratizing AI applications throughout industries. They are reducing the time and the cost involved in implementing AI by a lot and making it easy for organizations of any scale to integrate AI into their workflows. Demand for rapid prototyping, customization, and automation fuels the demand for no-code/low-code platforms, which offer flexibility and scalability, enabling businesses to innovate fast and stay agile, and thus, this market is growing at an accelerated pace.

North America accounts for the largest market during the forecast period.

North America is expected to dominate the share of AI as a Service Market due to the advanced technology infrastructure and the presence of large AI providers such as IBM, Google, and Microsoft. The region benefits from the early adoption of AI in prominent industries such as healthcare, finance, and retail to automate, generate analytics, and improve customer service. Huge investments in AI research and development and profound government support for AI innovations also add to the market growth. North America’s robust cloud infrastructure and widespread digital transformation initiatives further create an ideal environment for the growth of AIaaS. The region’s focus on cutting-edge solutions and the growing demand for AI-driven insights from enterprises ensure its leadership in the AIaaS market.

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Top Key Companies in AI as a Service Market:

The major players in the AI as a Service Market include Microsoft (US), IBM (US), Google (US), AWS (US), OpenAI (US), NVIDIA (US), Salesforce (US), Oracle (US), SAP (Germany), and HPE (US).

Browse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting

Related Reports:

Artificial Intelligence Market – Global Forecast to 2032

Edge AI Software Market – Global Forecast to 2031

Small Language Model Market – Global Forecast to 2032

Legal AI Software Market – Global Forecast to 2030

AI in Social Media Market – Global Forecast to 2029

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MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

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Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

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