LONDON–(BUSINESS WIRE)–Feb 3, 2021–
The global live music market has the potential to grow by USD 10.66 billion during 2020-2024, according to the latest market research report by Technavio. The report highlights key products offered by the top five vendors and their contribution to the overall growth of the market. Download a Free Sample Report Instantly for a More Detailed Analysis
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Technavio has announced its latest market research report titled Live Music Market by Revenue, Genre, and Geography – Forecast and Analysis 2020-2024 (Graphic: Business Wire)
Increased booking of tickets by mobile apps will be crucial in driving the growth of the global live music market during the forecast period. The rise in the number of live events has led event organizers to collaborate with online ticket providers to improve the reach. This has increased the number of mobile apps that offer convenience for individuals to book tickets. Also, these apps provide easy payment options and allow customers to select preferred seats. This growing trend is expected to offer significant opportunities for market vendors during the forecast period.
“The increase in service offerings by event organizers has been a prominent factor in boosting the market growth. Also, the increased spending capacity of consumers will positively impact the market as well as the specialized consumer services industry in the forthcoming years”, says an analyst at Technavio.
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Live Music Market: Competitive Vendor Landscape
The market is concentrated due to the presence of a few players. Cvent Inc., Eventbrite Inc., RazorGator LLC, Steinway Inc., and Ticketmaster Entertainment Inc. are some of the major market participants. To help clients improve their market position, this live music market report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies.
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Top Five Vendors in the Global Live Music Market:
Ace Ticket Worldwide Inc.
Ace Ticket Worldwide Inc. operates its business through segments such as Concerts, Theatre & Arts, and Others. The company offers tickets for different concerts such as Billy Joel, Maroon 5, Bon Jovi, and others.
alliancetickets.com
alliancetickets.com operates its business through segments such as Sports, Concerts, and Theater. The company offers ticket booking services for sports events, concerts, and theaters.
Bassett Events Inc.
Bassett Events Inc. operates its business through segments such as Events and Weddings. The company organizes various events for private and corporate clients.
Berkeley City Club
Berkeley City Club operates its business through segments such as Hotel, Dining, Weddings, and Others. The company offers event spaces, fine dining restaurants, and private social clubs for various events.
Brown Paper Tickets LLC
Brown Paper Tickets LLC operates its business through segments such as Event organizers and Ticket buyers. The company offers event management services and ticket booking services for the organization of music events.
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About Technavio
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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210203005524/en/
CONTACT: Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
KEYWORD:
INDUSTRY KEYWORD: ENTERTAINMENT RETAIL OTHER ENTERTAINMENT OTHER RETAIL MUSIC EVENTS/CONCERTS
SOURCE: Technavio Research
Copyright Business Wire 2021.
PUB: 02/03/2021 02:00 PM/DISC: 02/03/2021 02:01 PM
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