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Allied Market Research

Music Event Market Revenue (Tickets, Sponsorship, Merchandising) Genre (Rock, Pop, EDM, Techno, Others) Type (Live concerts, Operas, Music Festivals, Music Shows, Musicals, Others) Sales Channel (Online, Offline) : Global Opportunity Analysis and Industry Forecast, 2020-2027

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Jun 2021 | 508 Views
 
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Music is an art which includes melody, rhythm, dynamics, and other qualities. Music is of different types and has a very wide range of influence. Music events are organized to showcase the artistic talent and love for music. Music events are of different type which, includes, concerts, live music, music fests, and operas. The growing music artist popularity has increased the demand for music events and attract huge crowds and offer music of different genres like jazz, rock, EDM, and Pop, etc. Music events are sponsored events by different companies and offer tickets online as well as offline.

 Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Revenue, Genre, Type, Sales Channel, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

Cvent Inc., Capita Plc., The Freeman Company, Outback Concerts, Live Nation Worldwide Inc., Entertaining Asia, Seven Events Ltd., Clarion Events Ltd., BCD GROUP, Anschutz Entertainment Group.

 

COVID-19 Scenario Analysis: 

  • COVID-19 has a massive impact on the music event market.
  • The lockdown has paused many social events and gatherings.
  • The artist has canceled and postponed many music events like live concerts, music fests.
  • This has increased the unemployment level as artists who solely depend on the music gigs are unemployed.
  • The restriction on travel and social gathering has gravely affected the global market.
  • The companies and the artists are having financial crises and will affect for a longer period.
  • Social gatherings and any kind of social event are banned because they can escalate the impact of COVID-19.
  • The global market and economy are facing problems and are finding solutions to ease the financial and health crises.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Significant increase in music aspirants and music talent shows are the main factor that drive the growth of the music event industry. The young generation which has a passion for music gets attracted by the international and national singers’ performance in the music events. The rise in the companies that provide sponsorship also contributes to the growth of the global market. Many colleges and hotels organize music events to increase their popularity and influence the consumers. However, environmental factors and financial crises can create a threat to the growth factor. With the apps like YouTube, Spotify, and other musical apps has decreased the demand because many people think that it is waste of money and time.

Key Segments Covered:

Segments

Sub-segments

  Revenue

  • Tickets
  • Sponsorship
  • Merchandising

  Genre

  • Rock
  • Pop
  • EDM
  • Techno
  • Others

  Type

  • Live concerts
  • Operas
  • Music Festivals
  • Music Shows
  • Musicals
  • Others

  Sales Channel

  • Online
  • Offline

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global music events industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global music events market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global music events market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global music events market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Music Events Market Research Report:

  • What are the leading market players active in the music events market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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