The article cited AMA's Global Live Music Market Study explored substantial growth with CAGR of 8.3%. According the report, Selling tickets through mobile Apps
is one of the primary growth factors for the market. Presence of numerous artists, bands, and event organizers
is also expected to contribute significantly to the Live Music market. Overall, Concerts
applications of Live Music, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Bassett Events (Canada), Cvent (United States), RazorGator (United States), Ticketmaster (United States), Ace Ticket Worldwide (United States), Alliance Tickets (United States), Berkeley City Club (United States), Brown Paper Tickets (United States), Eventbrite (United States), Only Much Louder (India), AEG Worldwide (United States), Bloom Entertainment (Qatar), Scarlett Entertainment (United Kingdom), Urban Events (United Arab Emirates), KG Production & Events FZ LLC. (United Arab Emirates) and Doha Jazz (Qatar) may see astonishing sales in this Market and certainly improve revenue growth.
The Revenue Source, such as Ticket Sales (Online, is boosting the Live Music market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Live Music market identified that the demand is rising in many different parts of the world as "Continuous improvement in standard of living
". Furthermore, some recent industry insights like "In December 2023, Wynk Music, India's leading music streaming app, has launched Wynk Rewind 2023, presenting a comprehensive overview of the year's top artists, albums, songs, and playlists that dominated the Indian music scene. This annual feature, powered by an Artificial Intelligence (AI) algorithm, meticulously analyzes user music consumption patterns to offer a personalized experience on the app." is constantly making the industry dynamic. One of the challenges that industry facing is "Increasing Competition from Streaming Services May Affect the Live Music Event Market"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Live Music market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Live Music market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Live Music market tight? Which application/end-user category or Product Type [Rock, Rap, Jazz, Country and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Live Music market and other related sub-markets covered in the study.
o Key & emerging players in the Live Music market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Live Music market size is calculated using market estimation process, the Live Music market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Live Music market size has been validated using both top-down and bottom-up approaches.