LONDON--(BUSINESS WIRE)--According to the market research report released by Technavio, the global live music market is expected to accelerate at a CAGR of almost 8% during the forecast period. The growing affordability for high-priced event tickets is one of the key factors triggering the growth of the market.
This research report titled ‘Global Live Music Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global live music market into the following genres:
- Pop
- Rock
- High-pop
- EDM
- Metal
In 2016, the pop segment accounted for 18% of the total market share and is expected to continue to contribute the highest market share for the next four years.
Global live music market: Top emerging trend
The evolution of mobile ticket sales is an emerging trend in the live music market space. Event managers and organizers have introduced advanced and upgraded solutions such as mobile ticket sales to allow users to choose events and venues using the app. This maximizes the comfort of consumers by enabling them to book tickets at their convenience and store them in their devices. In addition, it eliminates the need to carry a hard copy of the ticket to the venue.
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Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Live Music Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by genre (pop, rock, high-pop, EDM, and metal)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Bassett Events, Cvent, RazorGator, and Ticketmaster)
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