Live Music Market: 33% of Growth to Originate from North America | Growing Preference for Purchasing Tickets Using Mobile Applications as Key Driver | Industry Revenue Worldwide from 2020 to 2025 – QNT Press Release

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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

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9.04%

Market growth 2021-2025

$10.66 billion

Market structure

Fragmented

YoY growth (%)

7.93

Regional analysis

North America, Europe, APAC, South America, North America, Europe, APAC, and South America

Performing market contribution

North America at 33%

Key consumer countries

US, Germany, Canada, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Ace Ticket Worldwide Inc., alliancetickets.com, Bassett Events Inc., Berkeley City Club, Brown Paper Tickets LLC, Cvent Inc.,
Eventbrite Inc., RazorGator LLC, Steinway Inc., and Ticketmaster Entertainment Inc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis,
COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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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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