Event management are the services which are growing within the recent years. There are many developments in this sector of Service Industry. It involves a team work as the event is to be carried out by the team of event Management Company. The importance of coordination, strategies and challenges are involved. They have to face the challenge of client expectations and initially the adaption. The researchers through this paper have tried to convey the importance of the event management today in the modern world. The researchers have also tried to focus the growth and expansion and also the challenges faced. The researchers also have put certain suggestions.