Live Music Market to grow by USD 2.83 billion|Technavio

NEW YORK, July 28, 2021 /PRNewswire/ — The live music market is expected to grow by USD 2.83 billion during…

NEW YORK, July 28, 2021 /PRNewswire/ — The live music market is expected to grow by USD 2.83 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the live music market in optimistic, probable, and pessimistic forecast scenarios.

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The pandemic-focused report highlights the impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior during 2020. Technavio analysts have curated the reports extensively through both qualitative and quantitative research methodologies to derive the most industry-relevant and business-relevant outcomes.

Companies across the globe are focusing on creating a Resilient Business Model in the Face of COVID-19. Vendors are continuing their ongoing operations while building resilient business models as the path to recovery from the pandemic is being carved out.

This post-pandemic business planning research will aid clients to:

  • Recognizing the existing business model
  • Focusing on agile execution of proposed and approved changes.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

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Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Emerging Opportunities with Key players

Ace Ticket Worldwide Inc.

Ace Ticket Worldwide Inc. organizes live music concerts tickets for Maroon 5, Justin Bieber, Taylor Swift, and other concerts.

Alliance Tickets

Alliance Tickets organizes live music events such as Goodie Mob, King Iso, Son little, Bun B, Ghost-Note, and other events.

Bassett Events

Bassett Events conducts live music events such as Justin Bieber, Taylor Swift, and other events.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/live-music-market-industry-analysis

Live Music Market 2021-2025: Segmentation

Live music market is segmented as below:

  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA
  •  Revenue
    • Tickets
    • Sponsorship
    • Merchandising
  • Genre
    • Pop
    • Rock
    • Hip-hop
    • EDM
    • Others

The live music market is driven by the increased use of mobile apps, Increased popularity of live events. In addition, the growing affordability for high-priced event tickets is expected to trigger the live music market toward witnessing a CAGR of about 6% during the forecast period.

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Corresponding Reports:

Global Background Music Market– The background music (BGM) market is segmented by end-user (hospitality, retail, commercial buildings, public infrastructure, and others) and geography (Europe, North America, APAC, MEA, and South America).

Download FREE Sample Report

Global Commercial Printing Market– The commercial printing market is segmented by application (packaging, advertising, publishing, and others), geography (APAC, Europe, North America, South America, and MEA), and service (print services and other services).

Download FREE Sample Report

Market Drivers

Market Challenges

Market Trends

Vendor Landscape 

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Report link: https://www.technavio.com/report/live-music-market-industry-analysis

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