Arts Market To Grow At A Higher Rate

Posted January 17, 2019 by aleemtbrc

The arts market size is expected to reach $550 billion by 2022, significantly growing at a CAGR of around 4.9% during the forecast period.

The Business Research Company’s global arts market, covers the year-on-year growth of the global arts historic and forecast growth. It also includes chapters on the trends, geographical analysis, and competitive landscape.

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The global arts market is forecast to grow at a CAGR (compound annual growth rate) of around 5 % to 2022.

Arts Market Trends:

The rise of independent formats, augmented reality and collaborations between art organizations and businesses are the major trends witnessed in the global arts market. With growing popularity of live festivals and other events in countries such as China and India and the use of social media to promote art events, the scope and potential for the global arts market is expected to significantly rise in the forecast period.

Independent Artists And Performing Art Companies was the largest segment in the arts market at 55%. This includes individual actors, actresses, entertainers, music groups or artists, entertainment groups, dance groups, concert artist and other stage performing groups or artists

The global arts is primarily driven by increased disposable income in many developing countries and growing customer interests in concerts and festivals market.

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The global arts market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

Due to growing popularity of live festivals and other events in countries such as China and India and the use of social media to promote art events. The global arts is expected to increase in potential and scope. TBRC’s report also covers the global arts market report drivers and restraints in the market.

The global arts market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global arts report are Smithsonian Institution, Cirque du Soleil, The Paris Opera Ballet, WWE, The Metropolitan Opera Association

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Issued By Aleemuddin
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Business Address The Business Research Company,,
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Categories Arts , Business , Entertainment
Tags Global Arts Market , Arts Market , Arts Industry
Last Updated January 17, 2019