The
report titled “Global Concert Market: Size, Trends & Forecasts
(2016-2020)”, provides an in-depth analysis of the global concert market by
value, by number of tickets sold and by audience. The report also provides a
detailed analysis of regional concert market of the following regions: North
America, China and Japan.
Executive Summary
The concept of music industry business revolves around
the fundamental that companies and individuals make revenues and profits by
creating and selling recorded music, live music performances (also known as
concerts) and videos of songs and instrumental pieces.
Concert or the live music is a performance in front of
the large audience. The live performance generates revenue through sale of
tickets of the concerts to fans, advertising and sponsorships. The concerts are
held in varying size of settings that include private houses, small nightclubs,
concert halls, entertainment centres, parks to large multipurpose buildings and
sports stadiums, etc. The concerts are live events that work with professional
audio equipment.
The concert industry operates encompassing several
players such as fans, ticket vendor, promoter, artist, manager, sponsor and
venues.
Global concert market has increased at a significant CAGR
during the years 2011-2015 and projections are made that the market would rise
in the next four years i.e. 2016-2020 tremendously. The concert market is
expected to increase due to growth in urban population, improving global
infrastructure, increasing global GDP and GDP per-capita, increase in use of
smartphones, etc. Yet the market faces some challenges such as, safety issues,
competitive guarantee and downturn in global economy.
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