Live music market size to grow by USD 9.87 billion from 2021 to 2026: A descriptive analysis of customer landscape, vendor assessment, and market dynamics

NEW YORK, Jan. 16, 2023 /PRNewswire/ — The global live music market size is estimated to increase by USD 9.87 billion from 2021 to 2026. The market’s growth momentum will accelerate at a CAGR of 6.85% during the forecast period – request a sample report

Global live music market – Vendor analysis
Vendor offerings –

• Alliance Tickets – The company offers ticketing services for live music such as Hard Rock, Metal, Hip Hop, Latin, Oldies, and Religious.

• Bassett Events Inc. – The company offers ticketing services for live music such as Blues, Celtic, Global, Funk, Folk, and Country.

• Eventbrite Inc. – The company offers ticketing services for live music such as Instrumental, Reggae, Rock n Roll, Pop, and Dance Party Music.

• Goldstar Events Inc. – The company offers ticketing services for live music such as Acoustic, Hard Rock, Hip Hop, and Blues.

• For details on vendors and their offerings – Buy the report!

Vendor landscape –

The global live music market is concentrated. A few prominent vendors that offer live music in the market are Alliance Tickets, Bassett Events Inc., Brown Paper Tickets LLC, Coast To Coast Tickets LLC, CTS Eventim AG and Co. KGaA, Eventbee Inc., Eventbrite Inc., Festicket Ltd., Goldstar Events Inc., Live Nation Entertainment Inc., SeatGeek Inc., The Ticketline Network Ltd., Ticket City Inc., TicketNetwork Inc., TickPick LLC, TiqIQ LLC, Viagogo AG, Vivendi SE, and Vivid Seats LLC and others.

Global live music market – Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

Global live music market – Segmentation assessment

Segment overview
Technavio has segmented the market based on revenue (tickets, sponsorship, and merchandising) and genre (pop, rock, hip-hop, EDM, and others).

• The tickets segment will grow at a significant rate during the forecast period. This segment covers both primary and secondary sources of tickets. The global primary ticket market is driven by the global box office industry. This has encouraged primary ticket sources to expand their services to all events and concerts. Such factors will fuel the market growth through this segment during the forecast period.

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Geography overview
Based on geography, the global live music market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global live music market.

• North America will account for 32% of the market’s growth during the forecast period. The US and Canada are the key countries for the live music market in the region. However, market growth in this region will be slower than the growth of the market in other regions. The presence of a large number of music artists and sponsors will drive the live music market growth in North America during the forecast period.

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Global live music market – Market dynamics

Leading drivers – The increase in popularity of live events is driving the market’s growth. The demand for live events that have popular artists and DJs has increased. The emergence of upcoming musicians and artists has changed the music industry. In September 2021, Amazon.com, Inc. announced that it would invest in live audio features that will start with concerts and later expand into talk shows and podcasts. Thus, the growing number of events will fuel the market growth during the forecast period.

Key Trends – The increasing interest in music among the youth is a key trend in the market. The increasing popularity of live events, concerts, and EDM has encouraged people to develop their own remix tracks by mixing songs. With the rise in the popularity of DJs, places such as hotels are hosting live music events. The adoption of such strategies by vendors to attract customers will support the growth of the live music market during the forecast period.

Major challenges – Privacy and security concerns over online ticket booking platforms are challenging the market’s growth. The threat of phishing has increased with the growth in online platforms and applications. Service providers track cookies to collect data related to customers’ preferences. They access information on customer profiling, customer behavior, and data mining. This data can infringe customers’ privacy and, in turn, hinder the market’s growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this live music market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the live music market between 2022 and 2026

• Precise estimation of the size of the live music market and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the Live Music Market industry across North America, Europe, APAC, South America, and Middle East and Africa

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of live music market vendors

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Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Genre

6 Market Segmentation by Revenue

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us
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Website: www.technavio.com/
Newsroom: https://newsroom.technavio.org/news/live-musicmarket

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