Concert ticket market to top $24bn by 2021
The global market for live music ticketing is predicted by grow by an average of 7% annually in the next five years. Here's how the major players stacked up in 2016
News By | 17 February 2017
The value of the global concert ticket market is set to increase by almost 7% annually through 2021.
Technavio’s Global Ticket Market 2017–2021 report, seen by IQ, reveals the compound annual growth rate (CAGR) of the live music ticketing sector will average 6.92% from 2016 to 2021, reaching a value of US$24.55 billion in 2021.
That figure compares to the 3% CAGR through 2020 predicted for live music revenues by PricewaterhouseCoopers (PwC) in its Global Entertainment Media Outlook study, which IQ drew upon extensively for the 2016 International Ticketing…
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