Tag: market

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Next Media Rights For Indian Market And Men’s And Women’s Events To Be Sold Separately By ICC

ICC

The ICC has gone to market with its media rights for the next eight-year cycle, and it has done so in a completely different fashion than before. The ICC will go to market in India alone beginning next week, selling rights for men’s and women’s events individually, as well as digital rights. This reflects the shifting media landscape. 

The ICC’s choice to go to India first reflects a determination to get the best business contract possible. The ICC has previously sold worldwide rights to both men’s and women’s tournaments on a consolidated basis. No longer: the ICC intends to sell rights for various areas in the future, in the hopes of attracting more bids and therefore increasing the deal’s overall worth. 

Invitation To Tender For All Events In The India Market Due On 22 August

ICC Women's ODI World Cup 2022
ICC Women’s ODI World Cup 2022. Image Credits: Twitter

On June 20, the ICC will issue an Invitation To Tender (ITT) for all of the events in the Indian market, and sealed bids will be due on August 22. By early September 2022, the ICC will notify the selected bidders before issuing the ITTs for further markets. 

Next Media Rights For Indian Market And Men's And Women's Events To Be Sold Separately By ICC

Before announcing its proposal for the world tournaments, the ICC waited for the BCCI to finish its media rights e-auction for the IPL, which brought in deals worth more than $US 6 billion. Before finalising its own strategy, the ICC engaged the BCCI to evaluate the approach utilised for the IPL rights auction.

The ICC, unlike the BCCI, will continue to employ the sealed-bids procedure “to inspire potential bidders to make their highest bid for the events and package they want,” according to a media statement. 

Six Different Bundles To Be Available In India

In India, up to six different bundles will be available, including TV-only, digital-only, and a mix of the two. 

Bidders can compete in 16 men’s events (spanning eight years) and six women’s events (spanning four years), totaling 362 and 103 matches, respectively. Only senior-level matches are included in these data; the men’s and women’s Under-19 World Cups (one-day and T20) will also be included, although they will be in addition to these match figures.

India women cricket team
India women’s cricket team. Image: Twitter

Four Under-19 World Cups, four T20 World Cups, two Champions Trophies, four World Test Championship finals, and two 50-over World Cups are among the 16 men’s competitions. Two T20 World Cups, two Under-19 T20 World Cups, one 50-over World Cup, and one T20 Champions Trophy will be among the six women’s competitions. 

The ICC media release said, that “interested parties will be required to submit a bid for the first four years of men’s events. However, they also have the option of bidding for an eight-year partnership.” 

If any of the packages is only sold for four years, the ICC will open a new opportunity to sell the rights for the next four years. 

For the men’s events (including the Under-19 events), three packages will be available: 

  • TV (four/eight years)  
  • Digital (four/eight years)  
  • TV and digital combined (four/eight years)  

Similar packages will be available for women’s events (including Under-19 events), with the exception that each will last four years: 

  • TV (four years)  
  • Digital (four years)  
  • TV and digital combined (four years)  

“There has been significant growth in interest in women’s cricket over the last five years and we have made a long-term strategic commitment to accelerate that growth, and unbundling the rights for our women’s events will play a huge role in that,” ICC chief executive Geoff Allardice said as per the release. 

 “We are looking for a broadcast partner who is excited by the role they will play in growing the women’s game and ensuring more fans than ever before can enjoy it.” 

Highest Bid May Not Fetch Women’s Rights

The next ICC rights cycle will include six women's tournaments (Image Credits: Twitter)
The next ICC rights cycle will include six women’s tournaments (Image Credits: Twitter)

Bidders will have the option of exhibiting “their vision for cricket to the ICC, particularly for the Women’s Package” when they include their final bids in a sealed envelope in August, as part of the ICC’s continued drive to broaden the reach of women’s cricket internationally. 

Instead of using money as the sole criterion for the next cycle, the ICC is inviting bidders to discuss how they will use their platform to promote the women’s game, which might add more value and purpose to the contract overall. For the women’s events, the ICC has left the option of not granting the rights to the highest bidder open. 

Previously, women’s global tournament rights were sold as an add-on to men’s events, which the ICC believed devalued the women’s game. 

The latest consolidated ICC rights contract had gone to Star India (2015-2023). The ICC has not announced the deal’s worth, but ESPNcricinfo understands it to be around US$ 1.9 billion. 

Also Read: IND vs SA: India Are Working Towards T20 World Cup Goal: Harshal Patel

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Stock market: Prepare for more ‘extreme tails,’ strategist warns

Stock market: Prepare for more 'extreme tails,' strategist warns

Asset markets could see more extreme swings as investors adjust for a land of climbing interest rates and stubborn inflation, a market strategist said on Yahoo Finance Live (video above).

“We are starting to see after that Consumer Price Index [CPI] print, really really extreme tails [played in markets],” RBC Equity Derivatives Strategist Amy Wu Silverman said. “We’re talking 100-to-1 market down another leg, 10% to 15% start to be played, which was not the case a month ago. And I think you’re going to start to see more of that, because really: What do you do in this market? You either derisk, degross, or you have to place some sort of bet to protect yourself when potentially CPI surprises even more.”

Wu Silverman’s comments come as markets overlook the edge of cliff once again, triggered in part by a red-hot CPI reading last Friday that surged 8.6% in May from one year ago, the fastest increase since December 1981.

In turn, economists now expect the Federal Reserve to raise interest rates by 50 basis points at its policy meeting this week and signal further aggressive hikes to curb inflation into the end of the year.

By afternoon trading on Monday, markets were back to exhibiting violent swings as investors re-calibrate their growth outlooks.

Surfer Cole Clisby falls while taking part in his surf P.E. class for his high school in Cardiff, California February 12, 2015. REUTERS/Mike Blake (UNITED STATES - Tags: SOCIETY ENVIRONMENT)

Surfer Cole Clisby falls while taking part in his surf P.E. class for his high school in Cardiff, California February 12, 2015. REUTERS/Mike Blake

The Dow Jones Industrial Average fell more than 600 points, while the S&P 500, Nasdaq Composite and Russell 2000 were all deeply in the red. The VIX Index — a measure of market volatility known as Wall Streets fear gauge — has gained 10 point since the middle of last week.

Bitcoin prices also tanked below $25,000 in the broader flight to safety. Shares of crypto-centric stocks such as Coinbase and Microstrategy were also rocked.

Wu Silverman suggests getting creative with one’s trades in this type of rocky environment.

“One thing we have recommended specifically is to look at put spreads,” Wu Silverman says, adding that a potential port strike in July is intriguing as that would likely fuel more bad inflation readings.

Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

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Event Management Software Industry Worth $14+ Billion by 2026 | Global Market Research Report, 2022 | Gamification of Events to Engage a Larger Audience – ResearchAndMarkets.com

Event Management Software Industry Worth $14+ Billion by 2026 | Global Market Research Report, 2022 | Gamification of Events to Engage a Larger Audience - ResearchAndMarkets.com

DUBLIN–()–The “Event Management Software Market with COVID-19 Impact, by Component (Software (Event Registration and Ticketing, Content Management) and Services), Deployment Mode, Organization Size, End User and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The Global Event Management Software Market is forecast to grow from USD 7 billion in 2021 to USD 14.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 14.9% during the forecast period.

Event management software helps organizations keep track of all of their event’s moving parts to help their event run more smoothly. It also facilitates organizations to automate various processes, including sourcing, coordination, event planning, venue management, expense tracking, marketing, and data analysis, throughout the life cycle of their events. This helps enterprises manage these processes from a centralized platform, enabling them to improve their operational processes and increase their marketing leads from events.

By Component, the Services segment to grow at the higher CAGR during the forecast period

By Component, the Services segment is expected to grow at a higher growth rate during the forecast period. Services are necessary for easy deployment, integration, and proper functioning of the software. The services segment has been further segmented into professional services and managed services. Rising pressure on event management service providers to stay competitive in the market leads to improved quality of service being provided to the customers.

By Services, the Professional Services segment to hold the larger market size

The Professional Services segment is expected to hold a larger market size. These services include deployment and integration, consulting, and support and maintenance services. The professional services provide an expert level of deployment, integration, consulting, and support and maintenance services for the proper installation of a specific software either on-premises or over the cloud.

By Deployment Mode, Cloud segment to grow at the highest CAGR during the forecast period

The Cloud segment is projected to grow at the highest CAGR during the forecast period. Cloud-based solutions are provided directly through cloud-deployed network connectivity. These solutions help reduce the overall costs while providing highly flexible and scalable access to event management solutions through the IT infrastructure hosted by cloud service providers.

Research Coverage

The Event Management Software Market is segmented by Component, Deployment Mode, Organization Size, End-user, and Region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; solutions and services; key strategies; new product launches and product enhancements; partnerships, acquisitions, and mergers; agreements and business expansions; and competitive landscape associated within the Event Management Software Market.

The following key vendors are profiled in the report:

  • Cvent (US)
  • Aventri (US)
  • Eventbrite (US)
  • Ungerboeck (US)
  • Hopin (UK)
  • XING Events (Germany)
  • Bizzabo (US)
  • Certain (US)
  • RainFocus (US)
  • ACTIVE Network (US)
  • Eventzilla (US)
  • Meeting Evolution (US)
  • EventMobi (Canada)
  • Zoho (India)
  • Regpack (US)
  • EventBooking (US)
  • Bitrix24 (US)
  • Arlo (UK)
  • webMOBI (US)
  • Tripleseat (US)
  • Hubilo (US)
  • Circa (US)
  • Hubb (US)
  • Accelevents (US)
  • Glue Up (US)
  • idloom (Belgium)
  • Eventdex (US)
  • Event Temple (Canada)
  • Whova (US)
  • Airmeet (US)

Market Dynamics

  • Drivers

    • COVID-19: A Catalyst to Accelerate the Adoption of Virtual Events
    • Rise in Demand to Manage Large Volumes of Data and Automate Event Management Tasks
    • Compelling Need to Save Time and Money with Real-Time Data Analysis
    • Increase in Demand to Capture Actionable Business Insights from Events
    • Growth in the Use of Social Media for Event Marketing
  • Restraints

    • Difficulty in Integrating Event Management Software with Business Systems
    • High Initial Cost Associated with Event Management Software
  • Opportunities

    • Gamification of Events to Engage a Larger Audience
    • Growth in Inclination Toward Adoption of AI and ML in Event Management
  • Challenges

    • Wide Gap Between Organizers’ Offerings and Attendees’ Needs
    • Lack of Awareness of Event Management Software

Case Study Analysis

  • NEC Corporation Showcasing Proven SaaS Solutions to Customers Through Virtual Events on the Cvent Platform
  • HLB Designed a Virtual Event with Aventri Virtual Event Platform
  • Glassdoor Used Hopin for Its First Fully Virtual Sales Kickoff
  • Acronis Scales Their Hybrid Event Strategy with Bizzabo

Premium Insights

  • Growing Demand for Event Management Software Solutions Would Tackle High Demand from Event Organizers and Planners
  • Software to Account for a Larger Market Share During the Forecast Period
  • The Support and Maintenance Segment to be the Largest Market During the Forecast Period
  • On-Premises Deployment to Account for a Larger Market Share During the Forecast Period
  • Large Enterprise Segment to Account for a Larger Market Share During the Forecast Period
  • Event Organizers and Planners Segment to Account for the Largest Market Share During the Forecast Period
  • Asia-Pacific to Emerge as the Best Market for Investments in the Next Five Years

For more information about this report visit https://www.researchandmarkets.com/r/lnsgqz

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Cardiff Indoor Night Market

Event Info

Cardiff’s historic indoor market will reopen at night next week for the first time since 2019 as the city continues its return to normality after the Covid-19 pandemic.

Most of the stallholders are expected to take part next Thursday, May 26, between 6pm and 9pm and there will be an air of celebration, with music from Cardiff-based Daniel ‘Dabs’ Bonner, the lead singer of the New Town Kings, one of the UK’s leading reggae/ska bands.

The evening will also feature local artist Marcus Smith who was involved in last year’s Cardiff street art project PWSH.

Louise Thomas, the market manager, felt it was an important night for the shopping venue. “We are reviving the night events which were very popular when we had them in the summer of 2019,” she said. “We didn’t feel able to hold them at all during the pandemic but we all feel more comfortable now and will hold them once a month during the summer.

“I think most of the stallholders will be staying open for the event,” she added. “We will probably shut the doors at around 5.30pm on Thursday to give them a chance for a breather and something to eat before we open them again at six.

“With the food stalls, the quirky retailers, the music and the art, it should be quite a night.”

The market is one of Cardiff’s most iconic landmark buildings. Grade II listed, it was opened in May 1891 and is located on the site of what was a former farmers’ market and also Cardiff jail, where the Merthyr Uprising martyr Dic Penderyn was hanged in 1831.

The indoor market event coincides with the launch of another monthly night market, alongside the River Taff at Fitzhamon Embankment on the final Wednesday of every month, between 5pm and 9pm.

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Lower Burrell’s farmers market to offer double the vendors and special events

5061877_web1_vnd-LBFarmersMarket-101721

Organizers for the Joseph “Bud” Myers Lower Burrell Farmers Market are doubling the number of vendors this year and planning special events at the weekly market held Saturdays.

Lower Burrell’s farmers market opens for the season May 29 from 9 a.m. to 1 p.m. Popcorn and cotton candy machines will add to the festivities that include a children’s tent with crafts.

The organizers who took over after the death of the market’s founder and namesake, Bud Myers, are expanding the market to offer more locally sourced food and goods as well as live entertainment and children’s activities.

“We wanted to honor what Mr. Myers had built, and he would be pleased and excited to see it grow,” said Pam Key, who co-chairs the farmers market.

She credits her new co-chair, Carley Logan, 30, a mother of four, with providing ideas on what young families are looking for in a community event.

The women decided to keep the existing vendors, including two area farmers, but added more vendors offering a wide variety of products.

They decided to offer children’s activities, live entertainment and a lineup of special events and activities within the market to keep the event fresh and interesting.

“We wanted to draw more families,” Key said. “It’s a nice thing to have — an activity that runs from Saturday morning to afternoon.”

To learn what activities or features are planned for the weekly market, visit the Joseph “Bud” Myers-Lower Burrell Farmers Market Facebook page.

Previously, the market had eight vendors every week. Now the number will rotate with 13 vendors one week, then 16 to 18 vendors the following week, Key said.

The new vendors will sell local meats, chocolate-dipped strawberries, homemade pasta, Italian baked goods, fresh-cut flowers, handmade leather products, fresh farm eggs, handmade soda pop, kettle corn and more.

“Having more vendors satisfies the needs for a variety of items that you can’t get in our area,” Logan said.

She has been frustrated by the limited number of businesses in the city and wants to see more happening in the city and in the community, she said.

“We want to bring the businesses here that are owned by friends and neighbors who we want to help thrive as we build our community,” Logan said.

City Councilman Chris Fabry said this will be the second year without “Bud at the helm,” but Key and Logan are keeping the tradition and building on it.

“I’m excited for all of the new vendors and growth of the market,” he said. “The future looks bright.”

Mary Ann Thomas is a Tribune-Review staff writer. You can contact Mary at 724-226-4691, mthomas@triblive.com or via Twitter .

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Fintech Startup TradeStreet Tracking Unusual Market Events Expands Internationally

Fintech Startup TradeStreet Tracking Unusual Market Events Expands Internationally

The Swiss and Czech-based startup TradeStreet using a proprietary algorithm to track unusual stock market events is expanding its coverage from Switzerland and Czechia to the rest of Europe and the United States.

Publishing date:

May 18, 2022  •  44 minutes ago  •  2 minute read  •  Join the conversation

031022-116251
 

Prague, Czech Republic–(Newsfile Corp. – May 18, 2022) – TradeStreet, a Swiss and Czech-based fintech startup, is expanding its operations over the borders to foreign markets including the rest of Europe, the US and other major markets. TradeStreet is an application that helps to detect unusual events happening in the US stock market by analyzing hundreds of millions of data daily in real-time.

“We are committed to make the big market data readable to anyone,” Co-Founder and longtime investor Dominik Kovarik said. “People can go and search in millions of data in publicly or privately available data sources, but it is extremely difficult to interpret anything from them. Thus, we have founded TradeStreet. We combine data from many sources and by using modern AI algorithms we backtest, combine and interpret the results to the users.”

Cannot view this image? Visit: https://eventdecorsupply.ca/wp-content/uploads/2022/05/1652885614_612_Fintech-Startup-TradeStreet-Tracking-Unusual-Market-Events-Expands-Internationally.jpg

Dominik Kovarik, TradeStreet Co-Founder & Investor

The platform makes it easy for intraday, swing and long-term traders to follow unusual option flows. Delivering more than 600 unusual option orders a day by scanning multiple exchanges at once, it helps stock and option traders to reveal sweep orders on the option market. That is especially helpful in conjunction with unusual trades in Dark Pool exchanges (private securities exchange in which typically large financial institutions trade anonymously).

The users will find many other features like analysis of insider transactions (CEOs, CFOs, beneficial owners and others). The AI runs big data analysis on this data based on clustering of the transactions, sentiment evolution and many more.

Cannot view this image? Visit: https://eventdecorsupply.ca/wp-content/uploads/2022/05/1652885614_193_Fintech-Startup-TradeStreet-Tracking-Unusual-Market-Events-Expands-Internationally.jpg

TradeStreet makes big market data readable to anyone

Similarly, one can follow analyst ratings from the top Wall Street analysts powered by AI and a set of other rules trying to filter the best analyst ratings. The proprietary algorithm, called TradeStreet Analyst Algo™, is an algorithm that based on several conditions trades based on new analyst ratings.

The platform is full of such features, and it is extremely transparent with their customers regarding future features. Via a public roadmap, it prioritizes new features directly with the users. Users can even suggest new feature ideas and by voting and they can eventually be implemented by the two development teams located in Switzerland and the Czech Republic.

Find more at https://www.tradestreet.io or you can sign up for an on-line Workshop hosted by Dominik at https://event.webinarjam.com/register/71/o80vntm8.

Media Details:

Viral Media spol. s r.o.
Martin Linha
support@tradestreet.io
Rybna 716/24, Stare Mesto, 110 00 Prague, Czech Republic

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124111

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Piecing Together Coverage in Live Events Tough Insurance Market Remains as COVID Restrictions Ease

Piecing Together Coverage in Live Events Tough Insurance Market Remains as COVID Restrictions Ease

The upcoming summer months promise to bring a resurgence of festivals, concerts, and community events after the COVID-19 pandemic effectively shut down the live entertainment industry for the past two years.

Pent-up demand for in-person events is fueling cautious optimism among specialists in the entertainment and event space, who say they are busier than ever trying to secure adequate coverage for their clients.

“The market is absolutely rebounding and it’s exciting to see,” said Debbie Spinner, underwriting manager in the Entertainment division of Alive Risks, which is part of Ryan Specialty Underwriting Managers.

But getting back to pre-pandemic event normalcy will be a slow process for the insurance market, entertainment specialists say. Market conditions for mid-size and large events were extremely challenging before the pandemic began and with little to no event business for carriers to write and a slew of claims to pay, the market’s hardening has accelerated.

Several carriers left the market altogether and those that remain pulled back on their capacity, leaving agents and brokers scrambling to place business with fewer markets to choose from.

Those looking for coverage for large events are finding markets offering lower limits, higher rates and strict underwriting requirements, according to experts.

“On average, we are experiencing rate increases for nearly all coverages as carriers need additional premium to support increased losses and expenses,” said Hub International’s “2022 US Insurance Market and Rate Report.” Rate increases average 5% to 20% or higher, depending on the line of business.

The event cancellation/contingency market has been hit hardest, said Christian Phillips, president of Paragon Insurance Holdings’ Contingency Practices. The pandemic caused more than $6 billion to $8 billion in event cancellation losses. Overall, coverage has become significantly more restrictive and there are zero options available to purchase coverage for communicable diseases, Phillips said.

“The whole market was hit dramatically, whether you were a small event organizer or a large event organizer — everybody was impacted in the same way,” he said.

Carriers are scrutinizing all event risks much more closely than they were before COVID, said Martin Ridgers, president of MKR Specialty Insurance Brokerage, an independent agency in Long Island City, N.Y. Experienced event organizers who can demonstrate they are prepared in terms of safety and security will be prioritized by underwriters.

“It is a hard market and underwriters will ask questions and let risks go,” he said.

Spinner said risk transfer has become extremely important to carriers for events of all sizes, which includes requiring vendors or third parties to have their own insurance that indemnifies the insured.

“It is essentially like a puzzle … and every piece of that puzzle has to be underwritten,” she said.

What that means for agents and brokers is significantly more work and time spent on policy submissions, and time is of the essence when it comes to securing coverage, Spinner said.

“We’re seeing an influx of new business submissions, and everybody wants to see that, but unfortunately the underwriters are extremely inundated with the amount of business coming across their desk and now the challenge is actually turning those quotes around for insureds in time,” he said.

Communicable Disease

Prior to the pandemic, event organizers could easily buy event cancellation coverage with an optional endorsement for communicable diseases, typically for an additional premium, Phillips said, but that is no longer the case as companies deal with “dramatic” losses.

“What’s happened post-COVID is there’s no option now to purchase it because obviously COVID is an ongoing thing, and everybody knows about it … it would be almost like saying ‘that building’s got smoke coming out of it — would you like to insure it with a fire policy?’” Phillips said.

Aristotle Moulopoulos, a production specialist in Alive Risk’s Entertainment division, said companies are not only excluding the coverage, but requiring “written confirmation that the insured understands there is no coverage for COVID or communicable disease” when quoting event cancellation coverage.

“It’s just another protection for the carrier because it’s an uninsurable risk right now,” he said. “They want transparency with the insured that they’re not trying to sell any product that’s misleading.”

While some insureds are asking for coverage to protect them against COVID-related cancellations, most understand it’s “an impossible placement,” Moulopoulos said.

At some point, underwriters may look at insuring communicable diseases with a COVID exclusion, Moulopoulos said, but he doesn’t see that happening as long as the virus is a prevalent issue.

There are other exposures besides COVID making underwriters nervous in the event cancellation market, as well, such as extreme weather and security threats.

The pandemic tipped the scales for those companies that were already pulling back on capacity and limits on bigger events, said Phillips. For smaller events, underwriters have adapted with new policy forms that specifically exclude communicable disease coverage, new rates and deductibles, and the market is more able to absorb losses.

“The market I would say right now is struggling from the point of view of capacity, especially with the larger events.

Obviously smaller events are much easier to deal with,” he said. “When you get to the medium-size and larger events it’s a real struggle to get 100% of the limit placed, especially for certain types of events.”

However, Phillips noted, some of the markets that left are being replaced with a few companies that were holding back while rates were low.

“For many years we were in a soft market within our industry, so this was a perfect time to come into this industry as rates went up massively, coverage narrowed and capacity reduced,” he said.

Risk Management, Education Critical Components

Safety has always been a major underwriting component in the event space, noted Alive Risk’s Spinner, but it’s more important than ever in the midst of the current hard market and COVID-19.

Underwriters have stepped up their underwriting requirements but those vary depending on the type and size of the event.

Underwriters want detailed information on event safety and emergency plans, as well as what COVID protocols are in place even though COVID is not a covered exposure, Spinner said. COVID vaccine or testing requirements are lightening up, but underwriters still want to know if appropriate health and safety precautions are being taken to minimize the event’s overall exposure.

“They want to make sure that [the insured] is trying to create a safe and well-run event,” she said.

MKR Specialty’s Ridgers said event organizers have learned “more than they probably wanted to” in the last two years on how to make their events safer, and the good news is they’ve taken a number of steps to improve in that area.

Those risks that can demonstrate they are experienced and well-organized will get quicker responses from underwriters, better policy terms and better coverage, he said. It is up to brokers to represent their customer in a proper manner, as well.

“Put [the policy submission] together as early as possible and find out what underwriters are concerned about,” he said. “Don’t just throw it to the underwriters and hope they can give you an answer — you need to go through the questions the underwriters have.”

Brokers also need to take the time to read and clearly communicate the terms and conditions of their clients’ event policies, particularly given that policies are not as comprehensive as they once were, Ridgers said.

“Underwriters are going to include terms that keep them away from risk,” he said.

Paragon’s Phillips said he has found it helpful to bring together the event organizer and the underwriter so they can go through the policy and ask questions.

“Then you’ve got much happier clients because in the event of a claim they know if they are covered or if they’re not covered, and things will run much, much more smoothly,” he said.

It is up to agents and brokers to be the trusted advisor and educate their clients on what is required to effectively — and affordably — secure coverage, Spinner said.

“With a lot of these events, especially the larger ones, it’s going to be a lot of information required to obtain insurance,” she said. “Ultimately, what these requirements are there for is to protect the insured and help them run a safe event. And, by doing all this it can help them get a better quote and a better rate.”

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More inclusivity at Wednesday Market could create larger event

More inclusivity at Wednesday Market could create larger event

The city’s downtown market will have a new look this year.

For the first time the brick-and-mortar businesses surrounding the Wednesday Market will be allowed to participate in the event, without any cost.

The downtown core businesses can set up small displays — tables, booths or racks — outside of their businesses during the Wednesday Market at no cost in order to capitalize on the increased traffic on market days by showcasing their wares. The displays would be limited in size to the linear frontage of the business.

The opportunity will be provided to all businesses in the downtown core, thereby creating an area that is broader than the market area.

Nelson director of corporate services Sarah Winton said in previous years where the farmers’ market was located on Baker Street, vendor stalls and tents were positioned facing outwards towards the road, while customers walked down the middle of the street with vendor stalls facing in.

Three years ago vendor stalls were turned to face toward store fronts, meaning people could walk down the sidewalk and could access both vendors and stores.

“This ensured that the brick-and-mortar businesses were visible and accessible to pedestrians and not hidden by vendor stalls,” said Winton in her report to council on May 3. “It also redirected pedestrian traffic to ensure they walked alongside brick and mortar business and vendor stalls rather than just the latter.”

Winton said there was positive feedback from businesses regarding that change.

A successful farmers’ market is a market that satisfies not only the needs of vendors and its customers, but also of the brick-and-mortar businesses in the downtown core, she explained. And participation from downtown businesses could result in a more “robust” market experience for everyone.

 

Location approved

In April city council gave third reading to a proposal to move the Wednesday city farmers’ market to the 600 block of Baker Street and the Hall Street Plaza.

At the May 3 meeting council adopted the bylaw that permanently positioned the market — that has bounced around for years along Baker Street and even to Cottonwood Park, in the plaza — to the area specifically designed to host such events.

The market had bounced around for years, said Nelson and District Youth Centre manager Jordan Martin — the youth centre manages the market for the city — and when Hall Street was re-furbished several years ago the intent was to create a space that could host a market.

“This location had a number of clear benefits as the central location drew a significant number of residents and visitors, furthering the ultimate goal of directly connecting residents to local food producers and artists,” she said in her report to council.

The Youth Centre had conducted a ThoughtExchange soliciting the community’s input on the location of the Farmers’ Market for Wednesday market days.

The pandemic forced both the Saturday and Wednesday market locations to migrate from Baker Street to Cottonwood Falls Park, alleviating challenges that businesses and the City of Nelson were facing due to the pandemic (e.g., social distancing, space constraints, entry and exit points, COVID-19 safety planning and cleaning protocols).

“While the Cottonwood Falls Park location does provide a desirable location for the Saturday market, it has proven challenging for the Wednesday Market,” said Martin. “The Wednesday market more heavily relies on ‘mid-week traffic’ from residents who can stop in at the market as part of their workday.”

However, Cottonwood does not draw as many people on a Wednesday since it is not in the downtown core.

“The Saturday market does not appear to have this problem as people are more easily able to make the market their main destination,” Martin explained in her report.

The results indicated that the general community and key market stakeholders would prefer a more central location within or close to the downtown core for the Wednesday Farmers’ Market

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Virtual Events Market Size to Hit USD 366450 million by 2028 | Market Share, Growth, Trends, Key Players, Market Segmentation, Challenges, Restraints, Revenue, Recent Developments, Stakeholders and Forecast Research | Market Reports World

Virtual Events Market Size to Hit USD 366450 million by 2028 | Market Share, Growth, Trends, Key Players, Market Segmentation, Challenges, Restraints, Revenue, Recent Developments, Stakeholders and Forecast Research | Market Reports World
Market Reports World

Market Reports World

global Virtual Events market size is projected to reach US$ 366450 million by 2028, from US$ 115610 million in 2021, at a CAGR of 17.3% during 2022-2028.

Pune, May 04, 2022 (GLOBE NEWSWIRE) — Global Virtual Events Market 2022 research report represents a detailed overview of the current market situation and forecast till 2028. The study is perhaps a perfect mixture of qualitative and quantitative information highlighting key market developments, challenges, and competition the industry face alongside gap analysis and new opportunities available and trend within the Virtual Events Market. Further, this report gives Virtual Events Market size, recent trends, growth, share, development status, market dynamics, cost structure, and competitive landscape. The research report also includes the present market and its growth potential in the given period of forecast. An exhaustive and professional study of the global Virtual Events market report has been completed by industry professionals and presented in the most particular manner to present only the details that matter the most. The report mainly focuses on the most dynamic information about the global market.

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Moreover, the research report gives detailed data about the major factors influencing the growth of the Virtual Events market at the national and local level forecast of the market size, in terms of value, market share by region, and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT, product portfolio and growth strategies.

About Virtual Events:

Virtual events are online exhibitions that include breakout sessions, video conferencing, web conferencing, collaboration tools, communication, and social networking. Virtual events can be enabled on smartphones, desktops, laptops, and tablets. They can be used to announce the launch of new products, provide additional information to people, and obtain new vendors. The exhibit below represents the differences between physical events and virtual events.

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This report gives a detailed description of all the factors influencing the growth of these market players as well as profiles of their companies, their product portfolios, marketing strategies, technology integrations, and more information about these market players. Some of the major players are as follows:

The Major Key Players Listed in the Virtual Events Market Report are:

Global Virtual Events Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production in the global market and of each type.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Virtual Events market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Virtual Events market.

Global Virtual Events Market Segmentation:

The research report includes specific segments by region (country), company, Type, and Application. This study provides information about the sales and revenue during the historic and forecasted period. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

By Type:

  • Online Exhibitions

  • Web Conferencing

  • Others

By Application:

  • Education

  • Healthcare

  • Finance and Banking

  • Others

Geographic Segment Covered in the Report:

The Virtual Events report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.

  • North America

  • Europe

  • Asia-Pacific

  • South America

  • Middle East and Africa

The study Objectives of this report are:

  • To study and analyze the global Virtual Events market size (value and volume) by company, key regions/countries, products and application, history data and forecast.

  • To understand the structure of the Virtual Events market by identifying its various sub-segments.

  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

  • Focuses on the key global Virtual Events manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in the next few years.

  • To analyze the Virtual Events with respect to individual growth trends, future prospects, and their contribution to the total market.

  • To project the value and volume of Virtual Events submarkets, with respect to key regions (along with their respective key countries).

  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

  • To strategically profile the key players and comprehensively analyze their growth strategies.

This Virtual Events Market Research/Analysis Report Contains Answers to the following Questions

  • What developments are going on in that technology? Which trends are causing these developments?

  • Who are the global key players in this Virtual Events market? What are their company profiles, their product information, and contact information?

  • What was the global market status of the Virtual Events market?

  • What is the current market status of the Virtual Events industry? What’s market competition in this industry, both company, and country-wise? What’s the market analysis of the Virtual Events market by taking applications and types in consideration?

  • What will be the estimation of cost and profit?

  • What is the economic impact on the Virtual Events industry? What are global macroeconomic environment analysis results? What are global macroeconomic environment development trends?

  • What are the market dynamics of the Virtual Events market? What are the challenges and opportunities?

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Detailed TOC of Global Virtual Events Market Report 2022

1 Report Business Overview

1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Virtual Events Market Size Growth Rate by Type, 2017 VS 2021 VS 2028
1.2.2 Online Exhibitions
1.2.3 Web Conferencing
1.2.4 Others
1.3 Market by Application
1.3.1 Global Virtual Events Market Size Growth Rate by Application, 2017 VS 2021 VS 2028
1.3.2 Education
1.3.3 Healthcare
1.3.4 Finance and Banking
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered

2 Global Growth Trends

2.1 Global Virtual Events Market Perspective (2017-2028)
2.2 Virtual Events Growth Trends by Region
2.2.1 Virtual Events Market Size by Region: 2017 VS 2021 VS 2028
2.2.2 Virtual Events Historic Market Size by Region (2017-2022)
2.2.3 Virtual Events Forecasted Market Size by Region (2023-2028)
2.3 Virtual Events Market Dynamics
2.3.1 Virtual Events Industry Trends
2.3.2 Virtual Events Market Drivers
2.3.3 Virtual Events Market Challenges
2.3.4 Virtual Events Market Restraints

3 Competition Landscape by Key Players

4 Virtual Events Breakdown Data by Type

5 Virtual Events Breakdown Data by Application

6 North America

7 Europe

8 Asia-Pacific

9 Latin America

10 Middle East & Africa

11 Key Players Profiles

12 Analyst’s Viewpoints/Conclusions

13 Appendix

Continued….

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