NEW YORK, Aug. 23, 2021 /PRNewswire/ -- The global live music market size is expected to grow by USD 2.83 billion during 2021-2025, progressing at a CAGR of about 6% during the forecast period.
The increased use of mobile apps, increased popularity of live events, and growing affordability for high-priced event tickets are some of the major factors propelling the market growth. However, factors such as privacy and security concerns over online ticket booking platforms, the growing popularity of music-on-demand, and the short life cycle of entertainment services are some of the prominent factors likely to hinder the market growth.
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Live Music Market: Revenue
The live music market share growth by the tickets segment will be significant during the forecast period. This segment is likely to continue its dominance in the market as it involves revenue from both primary and secondary sources of tickets.
Live Music Market: Genre
Pop genre led the market in 2020 and is likely to continue its dominance in the long run.
Live Music Market: Geographic Landscape
North America was the largest region of the market in 2020 and would continue to be the largest segment of the market in 2025. It would grow at a compounded annual growth rate of around 5% between 2020 and 2025, which is slower than the overall market.
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Live Music Market 2021-2025: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Revenue
Market Segmentation by Genre
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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