Live Music Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Increased Popularity of Live Events to Boost the Market Growth

Technavio has been monitoring the live music market and it is poised to grow by USD 10.66 billion during 2020-2024, at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Live Music Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, 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. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

• Based on segmentation by revenue, which is the leading segment in the market?
• The tickets segment is expected to be the leading segment in the global market during the forecast period.

• At what rate is the market projected to grow?
• Growing at a CAGR of over 9%, the incremental growth of the market is anticipated to be USD 10.66 billion during the forecast period.

• 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 some of the major market participants.

• What are the key market drivers and challenges?
• Increased popularity of live events and growing affordability for high-priced event tickets are the major factors driving the market. However, the privacy and security concerns restraints the market growth.

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. The increased popularity of live events will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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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 Analysis

This study identifies growing affordability for high-priced event tickets 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.

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Live Music Market 2020-2024: Key Highlights

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