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India Event Industry Benchmark Report
India Event Industry Benchmark Report
2020
THE EVENT
INDUSTRY REPORT
Insights into the state of the
meetings and events industry
t
W H AT ’S I N S I D E
THE SPEED READ Here are the key findings from our research
covering event budgeting, planning, marketing,
reporting/ROI, and event technology:
In our survey, we asked event professionals in India to share
details about the events they plan and execute, the key
challenges they face during event management, and the role
manual processes and event tech play in their day-to-day work. 66% of respondents expect their event budget to
increase in 2020, while 29% said it would remain the
same. This is a positive sign for event professionals in
What we found was that despite the evolution of technology
the region and shows how organisations recognise the
and shifting attendee expectations that continue to redefine pivotal role events play in bringing in the business.
trends in the event industry, the problems faced by event
planners and marketers continue to remain the same – from
challenges in proving event ROI to dealing with inefficiencies in
manual processes.
Unsurprisingly, 63% of respondents cited ROI to
be the most influential factor behind their event
decisions. However, 38% respondents also stated
that proving ROI to decision makers was a big
challenge.
With 94% respondents hosting more than 10 events in a year, live events continue to be an
important part of the marketing mix for a majority of organisations in India. Nearly half the
organisations host
It is impossible to deny the power of face-to-face interaction that occurs in these events.
Live events aid in creating a compelling brand narrative and adding a personal touch, which anywhere up to 500
helps effectively convey the value proposition and get more lead building opportunities. attendees every year.
Internal Meetings
21.2% Conference/Trade show 18.2%
& Events
THE EVENT
MANAGEMENT PROCESS The most time-consuming tasks
in event planning
How are organisations handling event management processes? 1 Creating event content and agenda
2 Event Budgeting
16.2%
5.9%
3 Event Promotion
Manually (includes
spreadsheets, email etc.)
Using multiple software
solutions
Using an integrated platform
In terms of hours spent, planners in India find
creating event content and agenda to be the
task that takes up most of their time, followed
by planning their event budget and promoting
77.9%
their event.
TOP CHALLENGES FACED DURING PLANNING Most meeting and event professionals find
AND EXECUTION OF EVENTS proving return on investment (ROI) and event
budgeting to be the top challenges of the event
planning and execution process. Since these
are tasks that involve constant data collation
from various sources, working on multiple
spreadsheets, and generating different reports,
it is evident where the struggle lies. With over
3/4th of event professionals still being dependent
on manual tasks for event management, these
challenges are expected to remain for now.
However, this number is expected to gradually
decline in the coming years as more and more
event professionals become aware of the benefits
of event management software and how it can
Proving ROI 1 completely transform their event
planning process.
Event Budgeting 2
Event Promotion 4
Venue Selection 7
9 | The Event Industry Report 2020
16.9%
Existing relationships with venues
12.3%
1 Email Marketing
Other 2.2%
11 | The Event Industry Report 2020
ONSITE ENGAGEMENT
AND COMMUNICATION
Printed
0.5% Materials
14.7% (such as agendas
14.7% Live Entertainment & brochures)
Email
Mobile Event App 1
Event website
Gamification 2
Announcements
14.7% 23.4%
Interactive Polls /Emcee 3
Seeing these results, it seems that the adoption of mobile event apps is in a fairly nascent stage in India.
Event apps nowadays come with specialised features that are designed to provide attendees with rich
engagement opportunities and key content before, during, and after the event, all with a push of a button.
All this makes mobile apps a far better alternative for engagement and onsite communication.
13 | The Event Industry Report 2020
Event planners and marketers in India realise the importance of event data and the role it plays in creating successful events.
This is underlined by the fact that 54% of the respondents stated they were using event technology such as badge scanners, self-
service kiosks, event apps, beacons and RFID to collect attendee data.
Email Paper Online Social media Mobile app Polls Focus group I don't Other
surveys survey surveys collect
software attendee
feedback
15 | The Event Industry Report 2020
PROVING RETURN
Factors influencing event decisions
ON INVESTMENT
10.5%
5.3%
5.3%
Attendee experience
53% of total respondents are either
Customer retention
clueless about or have trouble proving Budget
15.6%
I have trouble proving events
ROI
I don't know
17 | The Event Industry Report 2020
Other
Customer retention 11.4%
50.0%
Customer upsell/cross-sell 7.2%
Other 0.4%
Other 0.5%
20 | The Event Industry Report 2020
EVENT TECHNOLOGY
BEST PRACTICES According to market forecasts, the global event
management software market is expected
to witness rapid growth over the next five
years. Despite this surge in growth, many
The event industry landscape is changing at an event planners continue to depend on manual
accelerated pace. We live in an increasingly mobile- processes and systems to manage and execute
first, digitised society and attendee expectations have their events. There are numerous reasons
also shifted accordingly. Today, there is a growing for this:
need among event planners and marketers to use
event management software in live events like • Misconceptions about event management
conferences, trade shows, seminars and exhibitions to: software being too complex to implement.
To dispel any misconceptions and preconceived notions around event management software, here are Cvent’s recommended best
practices around event tech and how they can be used to level up every aspect of your event:
The venue you select is critical to your Unless you have cracked the code to Attendees nowadays demand seamless
event’s overall success. Along with successful registration and marketing, check-in experiences, customised
the theme, ambience and space, you all your efforts to create a great interactions at every touch point, and
also need to keep in mind the overall event will go for a toss. For any event experiential encounters that they can
costs while locking down on a venue. to be amazing, you need to have a share on their social channels. These
Most event planners play it safe by high attendee rate. And not just any encounters and interactions are also a
relying on existing relationships with attendee will do; you want the relevant, gold mine for valuable attendee data,
hotel chains, or by doing a perfunctory qualified ones who will boost your which can be tracked and analysed to
search on the web. Very few utilise business. Scanning through endless create better events in the future. To
online venue sourcing directories lists of prospects and shortlisting get your onsite engagement game on
that offer a plethora of beautiful and which ones to invite can turn into point, it is highly recommended to adopt
cost-effective destinations suitable for a perpetual nightmare if you don’t a solution that maximises attendee
different kinds of events. Not only will have a comprehensive registration engagement from the get-go and
you get more options that align with the solution in place. From helping you helps you:
theme and purpose of your event, the build a branded website for your event
entire process of shortlisting a venue from scratch, managing registrations • Create smooth check-in and badging
process at the venue.
– managing bids, checking availability, with ease, and collating and tracking
building eRFPs and tracking your registrant data, to providing smooth, • Develop more personalised and
meeting spend – becomes much easier. customised attendee paths, and engaging experiences through
scaling successful events through mobile apps.
easy replication, there are numerous • Capture hot leads and ensure brand
benefits provided by event outreach by generating enough social
registration software. media buzz.
22 | The Event Industry Report 2020
All your tools and processes should After all the hard work that you’ve put • Average mobile app download rate
be integrated with your marketing in your events, it’s time to measure for conferences/trade shows, app
automation or CRM systems. This and prove its real impact through activity feed
helps in the seamless flow of attendee defined, quantifiable metrics. For event
data — captured before, during and professionals, this requires thinking • Social media reach, trending
after the event — among different beyond their never-ending list of day- hashtags, brand buzz
systems, which provides critical insights to-day tasks to track the right data
to further improve the attendee that defines their ROI. To calculate Digitising your event allows you to
experience and drive ROI. If the data the ROI of your event, you need to measure and optimise your live events
remains in silos, it remains isolated, compare your targeted vs actual goals by giving you access to such metrics.
cluttered and difficult to act upon. By by analysing different types of event Once you have the ability to visualise
the time you collate, clean and process metrics. For instance: that data, you can recognise patterns
these leads, it is too late to pass them and, consequently, make smarter
• Targeted attendance increase vs.
to sales. Hot leads turn cold. With an decisions. Having all this consolidated
average actual attendance increases
integrated platform in place, you can data present in one place will also
bring together the disparate data and allow you to prove the value of your
• How many new prospects were
fragmented tech solutions to create a events and demonstrate your events’
added in the sales funnel
unified platform with all applications contribution to your organisation’s
working in tandem. bottom line.
• Revenue generated – event
registration fee, sponsorship revenue
23 | The Event Industry Report 2020
WHY WE DID
THIS SURVEY?
Over the past decade, the meetings and We attempted to answer these
events industry has witnessed remarkable questions by putting together a
growth, propelled by factors such as report that gathers industry-wide
rise of social media, demand for tailor- data to check the pulse of the
made experiences, and increased use industry and catch a glimpse of
of technology for large-scale events like the shifting trends. With this study,
conferences, conventions and seminars. we take an initial look at the event
As the industry continues to evolve, management practices employed by
there has been a growing effort to bring event and marketing professionals
advanced technologies such as virtual across India.
and augmented reality, facial recognition,
multi-use apps, and geofencing to the We sincerely thank all survey
mainstream. participants who took the time
out to complete our in-depth
With these shifting trends, some pertinent survey questionnaire.
questions arise: Are event professionals
abreast with the new trends and We hope you found the report
technologies that are shaping up modern insightful and actionable.
events today? How much do they have to
depend on manual processes? And what
event management practices are they
following to create successful events?
24 | The Event Industry Report 2020
SURVEY METHOD
Respondent Profile By Org Type
4%
18%
Asia*
27% 22% Marketers involved exclusively in
India event marketing
Au
ANZ Marketers involved in both planning
and marketing of events
MEA 21%
57% Planners
22% 29%
ABOUT CVENT
CVENT is a leading meetings, events, and hospitality technology provider with more than 4,300 employees, 27,000
customers, and 300,000 users worldwide. The Cvent Event Cloud offers software solutions to event planners and
marketers for online event registration, venue selection, event management and marketing, onsite solutions, and attendee
engagement. Cvent’s suite of products automate and simplify the planning process to maximise the impact of events.
The Cvent Hospitality Cloud partners with hotels and venues to help them drive MICE and corporate travel business. Hotels
use the Cvent Hospitality Cloud’s digital marketing tools and software solutions to win business through Cvent’s sourcing
platforms and to service their customers directly, efficiently and profitably – helping them grow and own their business.
Cvent solutions optimise the entire event management value chain and have enabled clients around the world to manage
millions of meetings and events.