According to a new report published by Allied Market Research, titled “Music Event Market By Revenue Source, By Genre, By Type, By Age Group, By Gender: Global Opportunity Analysis and Industry Forecast, 2021-2031″ The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. 𝐓𝐡𝐞 𝐦𝐮𝐬𝐢𝐜 𝐞𝐯𝐞𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟏𝟓𝟐.𝟐𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟏 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟒𝟖𝟏.𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏, 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟗.𝟕% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟐 𝐭𝐨 𝟐𝟎𝟑𝟏.
𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/8394
The rise in music tourism activities across the globe, increase in popularity of musicians and artists worldwide and their surge in international fan base drive the growth of the global music event market. However, dynamic government policies pertaining to data protection hinder the market growth. Moreover, growing internet penetration and rise in the importance of live performances across the globe present new opportunities in the coming years. The rise in demand for live music performances owing to the downfall of recorded music sales in the past few years has significantly contributed to the growth of the global music event market.
The sponsorships segment is expected to witness the highest CAGR of 10.5% from 2022 to 2031. This growth is attributed to the risea in number of product launches by various giant corporations and start-ups seeking to increase their brand value and create brand awareness among the youth. Sponsorship is one of the primary sources of any music event that helps the organisers to cover their rising costs of hosting events.
The global music event market is segmented into a revenue source, genre, type, age group, gender, and region. The market is divided into tickets, sponsorships, and others by revenue source. Depending on the genre, it is divided into rock, pop, EDM, and others. Based on type, it is segregated into music festivals, concerts, shows, and others. Depending on the age group, the market is segmented below 20 years, 21 to 40 years, and above 40 years. As per gender, it is segregated into male and female. Region-wise, the music event market is analysed across North America, Europe, Asia-Pacific, and LAMEA.
By type, the music event market was dominated by the music concerts segment in 2021. The rise in a number of live music performances across the globe by numerous famous musicians is resulting in the hosting of a vast number of music concerts. According to Live Nation Entertainment, a leading player in the music event market, ticket sales are up by 45%, and the concert pipeline is up by 30% in 2022.
𝐅𝐋𝐀𝐒𝐇 𝐒𝐀𝐋𝐄 𝐓𝐢𝐥𝐥 𝟑𝟎 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟑 – 𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 & 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/b99d0c7ac0ea73e912c8d4146959b01d
Based on gender, the female segment is expected to register the fastest growth, owing to the rise in women’s participation in the entertainment industry. The improving gender ratios in developing nations and rising awareness regarding women’s empowerment and freedom have opened opportunities for the female population to participate in music events.
Based on the genre, the pop segment dominated the market, accounting for 32.3% of the music event market share in 2021. The huge popularity of the pop genre among the youth population across the globe has led to significant growth in the market. As per the Music Consumer Insight Report 2018 by the International Federation of the Phonographic Industry (IFPI), around 64% of the global population typically listens to pop music.
Region-wise, Europe was the leading music event market with the highest revenue in 2021. The presence of well-established infrastructure and connectivity, the number of globally popular music festivals, the rise in music tourism, and the rise in the adoption of digital technologies are the prominent factors that significantly contribute to the growth in Europe’s music event market demand.
The key players analyzed in the report are 𝐀𝐜𝐜𝐞𝐬𝐬 𝐃𝐞𝐬𝐭𝐢𝐧𝐚𝐭𝐢𝐨𝐧 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬, 𝐋𝐋𝐂, 𝐀𝐧𝐬𝐜𝐡𝐮𝐭𝐳 𝐄𝐧𝐭𝐞𝐫𝐭𝐚𝐢𝐧𝐦𝐞𝐧𝐭 𝐆𝐫𝐨𝐮𝐩, 𝐁𝐚𝐬𝐬𝐞𝐭 𝐄𝐯𝐞𝐧𝐭𝐬, 𝐈𝐧𝐜., 𝐁𝐂𝐃 𝐆𝐫𝐨𝐮𝐩, 𝐂𝐨𝐥𝐢𝐧 𝐂𝐨𝐰𝐢𝐞 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞, 𝐂𝐚𝐫𝐥𝐬𝐨𝐧, 𝐈𝐧𝐜., 𝐄𝐯𝐞𝐧𝐭𝐛𝐫𝐢𝐭𝐞, 𝐈𝐧𝐜., 𝐈𝐧𝐬𝐨𝐦𝐧𝐢𝐚𝐜 𝐇𝐨𝐥𝐝𝐢𝐧𝐠𝐬, 𝐋𝐋𝐂, 𝐎𝐮𝐭𝐛𝐚𝐜𝐤 𝐏𝐫𝐞𝐬𝐞𝐧𝐭𝐬, 𝐋𝐋𝐂, 𝐚𝐧𝐝 𝐑𝐚𝐟𝐚𝐧𝐞𝐥𝐥𝐢 𝐄𝐯𝐞𝐧𝐭𝐬.
𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/8394
𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬:
○ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the music event market analysis from 2021 to 2031 to identify the prevailing music event market opportunities.
○ The market research is offered along with information related to key drivers, restraints, and opportunities.
○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
○ In-depth analysis of the music event market segmentation assists to determine the prevailing market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global market.
○ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
○ The report includes the analysis of the regional as well as global music event market trends, key players, market segments, application areas, and market growth strategies.
𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 “𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
○ U.S. Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031
○ U.K. Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031○
○ Europe Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031
○ Canada Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031
○ Mexico Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031
○ Germany Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031
○ France Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031
○ Italy Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031
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