Global Live Music Market 2023-2027

Global Live Music Market 2023-2027
The live music market is forecasted to grow by USD 7406.29 mn during 2022-2027, accelerating at a CAGR of 6.91% during the forecast period. The report on the live music market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increased popularity of live events, growing affordability for high-priced event tickets, and increased use of mobile apps.

Technavio's live music market is segmented as below:

By RevenueTicketsSponsorshipMerchandisingBy GenrePopRockHip-hopEDMMetal MusicOthersBy Geographical LandscapeNorth AmericaEuropeAPACSouth AmericaMiddle East and AfricaThis study identifies the increasing adoption of DJ software to produce music as one of the prime reasons driving the live music market growth during the next few years. Also, the evolution of mobile ticket sales and an increase in service offerings will lead to sizable demand in the market.

The report on the live music market covers the following areas:Live music market sizingLive music market forecastLive music market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading live music market vendors that include Bassett Events Inc., Coast To Coast Tickets LLC, CTS Eventim AG and Co. KGaA, Event.com Inc., Eventbee Inc., Eventbrite Inc., Live Nation Entertainment Inc., Lyte Inc., SeatGeek Inc., Sunrise Records Ltd., The Ticketline Network Ltd., Ticket City Inc., TicketNetwork Inc., TickPick LLC, TiqIQ LLC, TodayTix Inc., Viagogo Entertainment Inc., Vivendi SE, Vivid Seats Inc., and Yamaha Corp.. Also, the live music market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.