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NEW YORK, July 4, 2022 /PRNewswire/ — Increase in service offerings by event organizers is expected to be a key trend of the Live Music Market. Focused on increasing customer satisfaction and revenue, event organizers in the live music market are on the lookout for innovative methods such as offering tickets with accommodation and merchandise. Vendors offer early-bird discounts, free beverages, complimentary food, and providing goodies for kids. This will attract many customers to book tickets online, which will fuel the growth of the live music market. The market value is set to grow by USD 10.66 billionprogressing at a CAGR of 9.04% from 2020 to 2025, as per the latest report by Technavio
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Live Music Market: Regional Analysis & Forecasts
The market is segmented by Geography (North America, EuropeAPAC, South Americaand MEA). 33% of the market’s growth will originate from APAC during the forecast period. Japan, Australiaand India are the key markets for live music in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The steady rise in the number of concerts and events will facilitate the live music market growth in APAC over the forecast period.
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Live Music Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.04% |
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Market growth 2021-2025 |
$10.66 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
7.93 |
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Regional analysis |
North America, Europe, APAC, South America, North America, Europe, APAC, and South America |
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Performing market contribution |
North America at 33% |
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Key consumer countries |
US, Germany, Canada, and France |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Ace Ticket Worldwide Inc., alliancetickets.com, Bassett Events Inc., Berkeley City Club, Brown Paper Tickets LLC, Cvent Inc., |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized |
Live Music Market: Growing Preference for Purchasing Tickets Using Mobile Applications to Drive the Market Growth
The rising popularity of mobile apps is inducing service providers to develop…
Full story available on Benzinga.com
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