Global Live Music Market Size, Share, and Trends Analysis Report, By Revenue (Tickets, Sponsorship, and Merchandising), and By Genre (Pop, Rock, Hip-hop, EDM, and Others), Forecast (2022-2028)

The live music market is anticipated to grow at a significant CAGR of 6.2% during the forecast period (2022-2028). Artists conduct live concerts in public areas, which is referred to as live music. An event management team is in charge of putting on such events. Numerous musical bands have sprung out as a result of people’s passion for music. As a result, the number of concerts by diverse musical groups has increased. Because of the rising interest of the younger population in music, the global live music industry is expected to develop throughout the projected period. Individuals may see their favorite performers perform live during concerts and live shows, which enthusiasts and interest individuals in attending such activities. The major factor driving the growth of the market is the growing affordability of high-priced event tickets and the urge to live a luxurious lifestyle among people.

The global live music market is segmented based on revenue and genre. Based on the revenue, the market is sub-segmented into tickets, sponsorship, and merchandising. Among these revenue types, the tickets segment is expected to propel the growth of the market due to the increasing revenue generation from tickets for these live music events and concerts. Based on the genre, the market is sub-segmented into pop, rock, hip-hop, EDM, and others.

The market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in March 2022, Friendable, Inc., a mobile technology and marketing firm, announced the opening and release of FeaturedX.com, a web property acquired as part of the company’s purchase. FeaturedX has thousands of artists available, and it is a place where artists can book a guest feature, co-write, MIDI composition, or live instrumental tracking for their next single or expand their reach and exposure by utilizing these available resources for music production and collaboration.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Revenue
  • By Genre
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Book My Show, Insider Ltd., Ace Ticket Worldwide, Alliance Tickets, Berkeley City Club, Brown Paper Tickets, Eventbrite, Only Much Louder (OML), Ticketek, TickPick, and XING Events, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Live Music Market Report by Segment

By Revenue

• Tickets
• Sponsorship
• Merchandising

By Genre

• Pop
• Rock
• Hip-hop
• EDM
• Others