Global Sports And Arts Promoters Market Analysis 2024, Forecast To 2033
19 Jan, 2024
The market for sports and arts promoters has exhibited robust growth, rising from $231.49 billion in 2023 to $246.43 billion in 2024, displaying a 6.5% CAGR. Historical growth is attributed to increasing interest in sports and arts, sponsorship, digital media advancements, event tourism, and cultural awareness. Projections for 2028 estimate continued growth to $314.87 billion, with a 6.3% CAGR. Key contributors include digital engagement, sustainability initiatives, hybrid and virtual events, inclusivity, and personalization. Trends in the forecast period involve esports, online streaming, niche events, health and wellness events, and fan engagement technology.
Global Sports And Arts Promoters Market Key Driver
Sports organizers integrate virtual reality (VR) technology for an enhanced spectator experience. VR generates immersive environments, allowing fans a virtual walkthrough of stadiums or racetracks. Clubs experiment with 360-degree environments, offering fans varied match perspectives. Notably, NBA and NASCAR have successfully employed VR to enrich viewer experiences.
Get A Free Sample Of The Global Sports And Arts Promoters Market ReportGlobal Sports And Arts Promoters Market Segments
The sports and arts promoters market covered in this report is segmented –
1) By Type: Sports Promoters, Arts Promoters
2) By Revenue Source: Media Rights, Merchandising, Tickets, Sponsorship
3) By End-Users: Individuals, Companies
By Geography: The regions covered in the sports and arts promoters market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the sports and arts promoters’ market in 2023. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the sports and arts promoters’ market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Sports And Arts Promoters Industry Players
Live Nation Entertainment Inc., EXOR Group, Madison Square Garden Company, Lincoln Center, San Francisco Symphony, Townsquare Media Inc., GMM Grammy Public Company Limited, Tivoli A/S, Factory Theatre, Denver Center For The Performing Arts, Wasserman Media Group, AEG Live, Octagon, Independent Sports and Entertainment (ISE), Excel Sports Management, Athletes First, Roc Nation Sports, Goodwin Procter LLP, 516 Marketing Inc, 360 Media Inc., Red Light Management, Madison Square Garden Company, San Francisco Symphony, CAA Sports, Boras Corporation, Relativity Sports, International Creative Management (ICM) Partners, Artist Management Group (AMG), Sports Management Worldwide, National Football League, eBay, Another Planet, Frank Productions, Beaver Productions, C3 Presents, Gestifute, ICM Stellar Sports, Klutch Sports Group, Newport Sports Management Inc.
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Sports And Arts Promoters Market Overview
Sports and arts promoter’s services refer to the services that attempt to establish and maintain contacts, such as obtaining media attention and gallery shows, to promote an artist and their work. A sports promoter is a person who attempts to establish and maintain contacts, such as obtaining media attention and advertising sports shows, to promote any sports event, teams, area, and athletic personalities.
Sports And Arts Promoters Global Market Report 2023 provides data on the global sports and arts promoters market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The sports and arts promoters market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.