Live Music Market 2024-2028: Size and Privacy and security concerns over online ticket booking platforms; growth driven by the Revenue, Some of key Companies Positioned Strategically
The live music market size by Revenue (Tickets, Sponsorship, and Merchandising), Genre (Pop, Rock, Hip-hop, EDM, and Metal music and others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 35563.9 million. The market is expected to grow at a CAGR of 17.38% between 2024 and 2028.
- In the dynamic live music market, data collection and customer profiling are essential for effective audience engagement. Leveraging cookies and location-based services, providers gather customer preferences and behavior patterns. This data facilitates targeted marketing and personalized interactions. However, privacy concerns arise due to indiscriminate use of such information. The IT industry must ensure secure and reliable data transfer and integration infrastructure to maintain customer trust and adhere to privacy regulations.
- The Live Music Market represents a significant revenue generator for the entertainment industry. With a growing demand for authentic and immersive experiences, businesses are increasingly investing in live music events to engage customers and build brand loyalty. This sector encompasses various segments, including concerts, festivals, and live performances at venues, offering diverse opportunities for monetization through ticket sales, merchandise, sponsorships, and advertising. By leveraging technology and innovative business models, market players can optimize operations, enhance fan experiences, and maximize revenue potential.
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Some of the Key Companies:
- Alliance Tickets
- Bassett Events Inc.
- Coast To Coast Tickets LLC
- CTS Eventim AG and Co. KGaA
- Eventbee Inc.
- Eventbrite Inc.
- Event.com Inc.
- Live Nation Entertainment Inc.
- Lyte Inc.
- SeatGeek Inc.
- Sunrise Records Ltd.
- The Ticketline Network Ltd.
- Ticket City Inc.
- TicketNetwork Inc.
- TickPick LLC
- TiqIQ LLC
- TodayTix Inc.
- Viagogo Entertainment Inc.
- Vivendi SE
- Vivid Seats Inc.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/