Sports And Arts Promoters Global Market To Reach Value Of About $244.12 Billion In 2025
1 Feb, 2021
The sports and arts promoters services market consists of sales of sports and arts promoters’ services and related goods by entities (organizations, sole traders and partnerships) that organize, promote, and manage live performing arts productions, sports events and other events such as state fairs, county fairs, agricultural fairs, concerts, and festivals; and manage and provide the staff to operate arenas, stadiums, theaters or other related facilities for rent to other promoters. Customers for sports and arts promoters include independent artists and performing arts companies.
Global Sports And Arts Promoters Market Size And Drivers:
The global sports and arts promoters market is expected to grow from $149.64 billion in 2020 to $175.13 billion in 2021 at a compound annual growth rate (CAGR) of 17%. The market is expected to reach $244.12 billion in 2025 at a CAGR of 9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
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Trends In The Global Sports And Arts Promoters Market
Sports and arts organizers are implementing mobile ticketing to provide hassle free ticket purchase experience. Mobile ticketing is the process where customers can buy and validate the tickets using mobile phones. Event organizers production and distribution costs associated with traditional paper-based ticketing channels is eliminated with the implementation of mobile ticketing. Apart from this, the data exchanged digitally through ticket transactions enables sports organizers to learn more about fans and generate insights to formulate marketing strategies from the database.
Global Sports And Arts Promoters Market Segments:
The global sports and arts promoters market is further segmented based on type, end users and geography.
By Type: Sports Promoters, Arts Promoters.
By End-Users: Individuals, Companies.
By Geography: The global sports and arts promoter market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Western Europe was the largest region in the global sports and arts promoters market, accounting for 32% of the total market
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Sports And Arts Promoters Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides sports and arts promoters market overviews, analyzes and forecasts market size and growth for the global sports and arts promoters market, sports and arts promoters market share, sports and arts promoters market players, sports and arts promoters market segments and geographies, sports and arts promoters market’s leading competitors’ revenues, profiles and market shares. The sports and arts promoters market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.