Share: Portland, OR, March 15, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global events industry generated at $1,135.4 billion in 2019, and is expected to garner $1,552.9 billion by 2028, registering a CAGR of 11.2% from 2021 to 2028. Surge in number of attendees at business seminars and counseling programs, increase in globalization of business, and rise in demand for non-traditional event spaces have boosted the growth of the global event industry. However, higher entry barriers and presence of alternatives hamper the market growth. On the contrary, technological advancements such as projection mapping and surge in infrastructural investment would open new opportunities for the market players in the coming years.