LONDON--(BUSINESS WIRE)--Technavio has been monitoring the live music market and it is poised to grow by USD 10.66 billion during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Click & Get a Free sample report in minutes
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the live music market. The market growth in 2020 is likely to increase compared to market growth in 2019.
Frequently Asked Questions:
-
Based on segmentation by the market by revenue, which is the leading segment in the market?
The tickets segment is the leading segment in the market. -
What are the major trends in the market?
The increase in service offerings by event organizers is the major trend in the market. -
At what rate is the market projected to grow?
The market is projected to accelerate at a CAGR of over 9%. -
Who are the top players in the market?
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. are the top players in the market. -
What are the key market drivers and challenges?
The increased booking of tickets by mobile apps is driving the market. However, security concerns will challenge market growth. -
How big is the North America market?
Over 31% of the market’s growth will originate from North America during the forecast period.
Related Reports on Consumer Discretionary Include:
Global Event Tickets Market- The event tickets market is segmented by sources (primary and secondary), event types (sporting events, concerts, performing arts, and others), and geographic landscape (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Global Disc Jockey (DJ) Consoles Market- The global disc jockey consoles market is segmented by geography (APAC, Europe, MEA, North America, and South America) and product (DJ controllers, DJ mixers, media players, turntables, and others). Click Here to Get an Exclusive Free Sample Report
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
The market is concentrated, and the degree of concentration will accelerate during the forecast period. 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. are some of the major market participants. Although the increased booking of tickets by mobile apps will offer immense growth opportunities, the security concerns are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this live music market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Live Music Market 2020-2024: Segmentation
Live Music Market is segmented as below:
-
Revenue
- Tickets
- Sponsorship
- Merchandising
-
Genre
- Pop
- Rock
- Hip-hop
- EDM
- Others
-
Geography
- North America
- Europe
- APAC
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41087
Live Music Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The live music market report covers the following areas:
- Live Music Market Size
- Live Music Market Trends
- Live Music Market Industry Analysis
This study identifies an increase in service offerings by event organizers as one of the prime reasons driving the live music market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Live Music Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist live music market growth during the next five years
- Estimation of the live music market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the live music market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of live music market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Revenue
- Market segments
- Comparison by revenue placement
- Tickets - Market size and forecast 2019-2024
- Sponsorship - Market size and forecast 2019-2024
- Merchandising - Market size and forecast 2019-2024
- Market opportunity by revenue
Market Segmentation by Genre
- Market segments
- Comparison by genre placement
- Pop - Market size and forecast 2019-2024
- Rock - Market size and forecast 2019-2024
- Hip-hop - Market size and forecast 2019-2024
- EDM - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by genre
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Ace Ticket Worldwide Inc.
- alliancetickets.com
- Bassett Events Inc.
- Berkeley City Club
- Brown Paper Tickets LLC
- Cvent Inc.
- Eventbrite Inc.
- RazorGator LLC
- Steinway Inc.
- Ticketmaster Entertainment Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
