The museums, historical sites, zoos, and parks market showcased strong growth, increasing from $76.94 billion in 2023 to $82.07 billion in 2024, with a compound annual growth rate (CAGR) of 6.7%. The expansion during the historical period was driven by factors such as cultural interest, educational programs, government funding, conservation efforts, and infrastructure development. Forecasts indicate continued growth, with the market projected to reach $106.86 billion by 2028 at a CAGR of 6.8%. Driving forces for the forecast period include sustainability initiatives, personalized experiences, public-private partnerships, accessibility commitments, and global events. Trends include technological advancements, digital integration, and a focus on outdoor experiences.
Major Driver In The Museums Historical Sites Zoos And Parks Market
Art organizers, museums, and zoos harness augmented reality (AR) technology to craft immersive real-world experiences for their patrons, seamlessly integrating digital information with the user's environment in real-time. Augmented reality serves as a powerful tool for education and entertainment within museums and zoos, offering visual tour guides and displaying 3D content within the camera view. Notably, institutions like the Cleveland Museum of Art leverage AR to provide users with interactive access to comprehensive information about each artwork, while the Acropolis Museum in Athens employs AR to animate architectural and sculptural remains, enhancing visitor engagement with historical artifacts.
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Museums Historical Sites Zoos And Parks Market Competitive Landscape
The Metropolitan Museum of Art, National Gallery of Art, Krusger, Smithsonian Institution Washington D.C., Musei Vaticani, The American Museum of Natural History, Museum of Science and Industry, Georgia Aquarium, Museum of Fine Arts Boston, The Art Institute of Chicago, Woodland Park Zoo, Zoological Garden of Berlin, Los Angeles County Museum of Art (LACMA), The Museum of Modern Art, Museo Nacional del Prado, British Museum, The State Hermitage Museum, National Museum of China, Musée du Louvre, National Museum of Natural History, National Air and Space Museum, Tokyo National Museum, Musée d'Orsay, Rijksmuseum, National Palace Museum, National Museum of the Philippines, Shanghai Museum, National Museum of Korea, Smithsonian's National Zoo, ZooParc de Beauval, Schloss Schönbrunn
Key Museums Historical Sites Zoos And Parks Market Trend
Major companies operating in the museums, historical sites, zoos, and parks market are focusing on the development of innovative technologies, such as AI assistants, to provide reliable services to customers. An AI assistant is a piece of software that employs artificial intelligence to carry out certain activities and deliver information. For instance, in April 2022, Satisfi Labs, a US-based conversational AI platform, launched Animal Assistant. It is an AI solution that serves as an expert in helping guests find animals on-site and learn more about each species. The solution enables the guests to ask the Animal Assistant questions about animal species and animal groups in natural language. Without having to ask for an animal by name, the Animal Assistant also offers guests who wish to learn more about the animals that are accessible at a particular area educational information and a guided experience.
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Museums Historical Sites Zoos And Parks Market Segmentation
The museums, historical sites, zoos, and parks market covered in this report is segmented –
1) By Type: Museums, Historical Sites, Zoos & Botanical Gardens, Nature Parks and Other Similar Institutions
2) By Revenue Source: Tickets, Food and Beverages, Other Revenue Souces
3) By Visitors' Age Group: Below 25 Years, 25 to 39 Years, 40 to 59 Years, 60 to 74 Years, 75 Years and Above
4) By Visitors' Gender: Male, Female
By Geography:The regions covered in the museums, historical sites, zoos, and parks market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
North America was the largest region in the museums, historical sites, zoos, and parks market in 2023.
The Museums Historical Sites Zoos And Parks Global Market Report 2024 furnishes information about the global museums historical sites zoos and parks market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
