LIVE TICKET MARKET GROWTH WORTH $24 BILLION BY 2021
A recently published Global Ticket Market report by Technavio predicts the average growth rate of the live music ticketing industry to rise by 6.92% from 2016 to 2021. This means the global value of this particular market will be worth US$24.55 billion in 2021. The fastest growing sector when it comes to tickets is film followed by music and then sporting events but sporting event ticketing is worth a lot more overall (est. US$62.31 billion by 2021). IQ Magazine have looked into the ‘2016 financial results of some of the industry’s biggest publicly traded players to find out which companies are driving that growth’ and you can see the breakdown here.