NEW YORK , Nov. 21, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global live music market size is estimated to grow by USD 35.56 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 17.38% during the forecast period. Growing demand for live music experiences is driving market growth, with a trend towards rise in adoption of virtual and hybrid live music experiences. However, privacy and security concerns over online ticket booking platforms poses a challenge.Key market players include Alliance Tickets, Bassett Events Inc., Coast To Coast Tickets LLC, CTS Eventim AG and Co. KGaA, Eventbee Inc., Eventbrite Inc., Event.com Inc., Live Nation Entertainment Inc., Lyte Inc., SeatGeek Inc., Sunrise Records Ltd., The Ticketline Network Ltd., Ticket City Inc., TicketNetwork Inc., TickPick LLC, TiqIQ LLC, TodayTix Inc., Viagogo Entertainment Inc., Vivendi SE, and Vivid Seats Inc.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Revenue (Tickets, Sponsorship, and Merchandising), Genre (Pop, Rock, Hip-hop, EDM, and Metal music and others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) Region Covered North America, Europe, APAC, South America, and Middle East and Africa Key companies profiled Alliance Tickets, Bassett Events Inc., Coast To Coast Tickets LLC, CTS Eventim AG and Co. KGaA, Eventbee Inc., Eventbrite Inc., Event.com Inc., Live Nation Entertainment Inc., Lyte Inc., SeatGeek Inc., Sunrise Records Ltd., The Ticketline Network Ltd., Ticket City Inc., TicketNetwork Inc., TickPick LLC, TiqIQ LLC, TodayTix Inc., Viagogo Entertainment Inc., Vivendi SE, and Vivid Seats Inc. Key Market Trends Fueling Growth Live music market is a thriving industry that caters to the worldwide demand for authentic and musical experiences. Trends in this sector include live music concerts, mobile apps, and the rise of DJs. Genres such as Blues, Pop, Rock, Metal, Electronica, and more continue to shape audience preferences. Industrial developments, urbanization, and technology adoption have led to the automation of production lines and the integration of technology in music events. Customer preferences drive emerging trends like local talent, interactive activities, and art installations at music festivals. Macroeconomic factors, disposable incomes, and social media influence ticket sales for B2C enterprises. Event organizers leverage user metrics, online purchase, and modeling approaches to optimize their operations. The live music market is a cornerstone of the entertainment sector, providing livelihoods for musicians, artists, agents, promoters, ticketing companies, contractors, record companies, music publishers, corporate brands, and sponsors. The sector includes small clubs, theatre-sized venues, arena shows, and stadiums, featuring international stars and local talent. Festival dates, performance schedules, and promotional campaigns are crucial elements of successful live music events. Risk takers, fee negotiations, and show production are integral parts of the business. The future of the live music market is shaped by virtual online platforms, holograms, and fan bases. The sector continues to evolve, offering unique experiences for fans and like-minded individuals. The live music industry has experienced a notable increase in the utilization of virtual and hybrid events due to technological advancements and the impact of the COVID-19 pandemic. Artists and event organizers have responded to evolving circumstances by adopting innovative approaches, enabling them to deliver live music experiences to global audiences despite challenges posed by large-scale gatherings. Virtual and hybrid formats have gained popularity as a solution to the disruptions caused by the pandemic, allowing musicians and artists to continue engaging with their fan bases. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This live music market report extensively covers market segmentation by 1.1 Tickets- The ticketing segment is a pivotal part of the global live music market, facilitating fan access to live music events through ticket sales and distribution. Online ticketing platforms, such as Ticketmaster and StubHub, have become popular due to their user-friendly interfaces and secure payment gateways. Mobile ticketing, featuring digital tickets accessible on smartphones, enhances the ticketing experience and reduces the risk of counterfeit tickets. Secondary ticketing platforms, like Viagogo and SeatGeek, offer fans an alternative to secure tickets for sold-out events. Data analytics and personalized marketing strategies are emerging trends, enabling ticketing companies to provide customized recommendations and targeted campaigns. These advancements are anticipated to boost the growth of the ticketing segment in the live music market. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis Live music concerts continue to captivate audiences worldwide, bringing people together through the power of music. Mobile apps have revolutionized the industry, allowing fans to access tickets, merchandise, and real-time updates on their favorite artists. From Blues to Pop, Rock, Metal, Electronica, and beyond, music events cater to diverse customer preferences. Emerging trends include the integration of technology, such as holograms and virtual online platforms, into live performances. Local special circumstances and macroeconomic factors can impact the livelihood of musicians, influencing tours and festivals. Social interaction and the connection with like-minded individuals are cornerstones of the live music experience, spanning decades. The younger generation continues to discover new artists and genres, ensuring the industry's longevity. Live music events offer more than just entertainment – they provide a unique experience for fans to engage with their favorite musicians and create memories that last a lifetime. Market Research Overview Live music concerts have seen a significant in popularity with the advent of mobile apps, allowing fans to easily discover and purchase tickets for their favorite artists and genres, including Blues, Pop, Rock, Metal, Electronica, and more. The live music scene is not just limited to concerts but also includes parties and music festivals, which offer unique experiences for like-minded individuals. Urbanization and industrial developments have led to the adoption of technology in music production lines and automation, transforming the way music is created and performed. Emerging trends such as virtual online platforms, holograms, and interactive activities have added new dimensions to live music events, catering to the younger generation's preferences for experiences over material possessions. Music festivals have become a cornerstone of the live music industry, attracting passionate audiences from worldwide, with genres ranging from local talent to international stars. Event organizers leverage social media and ticket sales to reach consumers, while B2C enterprises focus on Gross Merchandise Value and user metrics to optimize their offerings. The live music industry is influenced by various macroeconomic factors, including disposable incomes, consumer behavior, and emerging trends. Representativeness, social outlook, and urban population play a crucial role in shaping the industry's future, with Goldman Sachs predicting a decade-long livelihood for musicians, tours, and festivals. Live performance remains the heart of the industry, with artists, DJs, agents, promoters, ticketing companies, contractors, record companies, music publishers, corporate brands, and sponsors all playing essential roles in bringing the music to the fans. From small clubs to arena shows and stadiums, the live music industry continues to evolve, offering unforgettable experiences for fans and artists alike. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/live-music-market-to-expand-by-usd-35-56-billion-2024-2028-driven-by-rising-demand-for-experiences-ai-redefining-the-market-landscape---technavio-302311721.html SOURCE Technavio
About half of consumers would switch banks if offered better perks at other banks. (Stock) Consumers tend to stick with their banks, but some can’t turn down incentives that certain online-only banks offer. More than one in three consumers in a Vericast study said they’ve had the same bank longer than they’ve had their current romantic partner. Customers appear to stick with the same bank out of convenience more than anything. About 46% of those surveyed said they would be open to switching to other financial institutions if those institutions could address their specific financial needs. When seeking new banks, customers are mainly interested in money-earning incentives. Two major motivators customers stated for potentially switching banks included seeking better rates and earning cash back for opening a new account. Consumers also appreciate the idea of checking account offers. "Consumers want to feel the love directly from their FI [financial institution]," said Lisa Nicholas, Vericast senior vice president of FI marketing products and strategy. "Perpetual changes in consumer behavior and mindset mean FIs need to be more tuned in than ever to the relationship they have with them. From understanding their financial goals to providing offers that support their needs, FIs must be focused on authentic and personalized connections with customers to bring them new and increased value." ATM locations were also important when considering customer satisfaction with banks. Nearly one in three survey respondents said having convenient ATM locations and a large network was important to them when considering a bank. To compare your lender options for personal loans, consider heading to Credible. With Credible, you can compare personal loan rates from multiple lenders without affecting your credit score. CONSUMERS SPEND MORE THAN $1 TRILLION ON INTEREST PAYMENTS, LARGELY DUE TO INCREASING CREDIT CARD DEBT Online-only banks have been a beacon of earnings for many customers. They often have low fees and sign-up incentives, making them attractive options. However, over the last year, customer satisfaction with online-only banks has fallen, a J.D. Power report found. Although satisfaction with online-only banks is still higher than traditional banks, online-only checking account satisfaction dropped by 27 points from 2023. Online-only savings accounts also dropped, but by just eight points. "Despite significant increases in deposit interest rates for both checking and savings accounts — but decreases in the proportion of customers who had to pay a fee or experienced a problem — overall satisfaction still declined," said Paul McAdam, J.D. Power senior director of banking and payments intelligence. "That’s because customers who experienced problems had a very tough time resolving them in a timely manner, causing satisfaction with the ease of problem resolution to decline sharply." Online banks also lacked in visual appeal and design upkeep in the last year, causing some consumers to consider switching. Plus, many customers don’t appreciate the small range of services offered by some online-only banks. The three banks ranked the highest in satisfaction for their checking accounts include Charles Schwab, Ally Bank and Capital One, respectively, J.D. Power reported. Savings account providers with the highest rankings include Goldman Sachs, Ally Bank and Capital One. Credible can help you find reputable personal loan lenders that provide timely funding. Visit Credible to explore rates and loan terms and find lenders fast . CREDIT CARD USAGE IS UP AS INFLATION CONTINUES TO RISE AI is a divisive topic in many industries, banking included. How and when it could make the lives of banking customers easier remains up for debate. Customers are torn, with 28% believing AI can help their banking experience, according to a J.D. Power report . An additional 17% think AI will make their lives worse, followed by a close 24% that haven’t fully formed an opinion on AI in the fintech world. Using AI on a regular basis, or at least being familiar with it, seems to help customers value the technology. Almost half of those with AI experience said it would likely help make their lives better compared to just 6% of those not familiar with AI. Customers on both sides reported that they could set aside any negative feelings toward AI if the tools it created helped make an immediate impact on their finances. When it comes to personal loan shopping, Credible can do the heavy lifting for you . With the click of a button, you can view multiple lenders, rates and terms in one spot. MANY PERSONAL LOAN BORROWERS RELY ON LOANS FOR EVERYDAY EXPENSES AS COST OF LIVING GROWS Have a finance-related question, but don't know who to ask? Email The Credible Money Expert at moneyexpert@credible.com and your question might be answered by Credible in our Money Expert column.
While the jury is still out on the factors leading to the landslide victory for the MahaYuti coalition in the Maharashtra assembly elections, anger among Muslims is being directed against religious leaders, especially Maulana Sajjad Naumani, a Deobandi cleric whose appeal to Muslims to vote for Congress-led Maha Vikas Aghadi (MVA) is being blamed for the counter-mobilisation of Hindu votes, precipitating BJP-led MahaYuti's record-breaking victory. At a press conference in Mumbai on November 13, Naumani had released a list of candidates, mostly from MVA, asking Muslims to support them. He said that Muslims should vote for the candidates 'to defeat forces challenging the Constitution'. Naumani had, however, declined to answer questions from the media on whether he represented all Muslims, explaining that he had come up with the list of candidates after consulting scholars, social activists, and opinion makers. Naumani has since apologised for a statement made during the run-up to the elections where he said that Muslims who vote for MahaYuti should be socially boycotted. After MVA's drubbing in last week's elections, Muslims are asking the question raised at the press meet. Juned Shaikh, who runs a YouTube channel called F3 News with a wide viewership, represented the view of many Muslims when he asked, "Who did maulana consult before declaring support for the candidates? There are millions of Muslims in the state; did you have a meeting with them?" Shuiab Khateeb, trustee of Mumbai's Jama Masjid, who contested as a candidate in Mumbadevi for the Aazad Samaj Party (Kanshi Ram), said it was wrong for Naumani to endorse the entire list of MVA candidates. "On what ground did Naumani base his list of candidates? Did he consult the public?" asked Khateeb. "His statement created vote banks of Hindus and Muslims. Candidates should be endorsed on the basis of their work and potential, not because they belong to a particular political group. Naumani's statements created havoc in the minds of the voters," said Khateeb. Naumani, who was educated at a university in Madina, is based out of Uttar Pradesh though he has an establishment in Mumbai. Naumani probably did not know the ground realities in Maharashtra and was misled by other people, said senior Urdu journalist Saeed Hameed. "We talk about transparency by politicians and the government. However, the maulana did not have transparency about the machinery that he used to come up with the list of candidates Muslims should vote for in 288 seats," said Saeed. "Surveys that cover a big state require a lot of money. I am apprehensive of his research and his parameters." Saeed added that Naumani's endorsement of MVA candidates lent credence to accusations of 'vote jihad' hurled by BJP leaders like Kirit Somaiya. "It was a critical election; he should have been careful in choosing his words. He exceeded his limits as a maulana. He has to ultimately apologise for some of his statements. Also, a statement by a Tablighi maulana will not be accepted by Barelvis, Shias, and other sects." A statement similar to Naumani's was made by AIMIM leader Akbaruddin Owaisi in 2014 during his first political rally in Mumbai, said Shaikh. "He said something about Muslims uniting for 15 minutes to finish off their opponents. While the statement did not unite Muslims, it did unite the majority. That was a turning point," said Shaikh. Dr Azimuddin, president of Movement for Human Welfare, who had accompanied Naumani at the press meet, said that the cleric's remarks could have had only a marginal effect on the election results. "There were other factors that led to the huge win for MahaYuti. Questions about manipulation of voting machines remain unanswered. There were reports that money meant for distribution among voters were seized. The Sangh Parivar used Naumani's statements to create an elaborate door-to-door campaign. They worked hard; the MVA was confident of winning and did not match the campaigning. The maulana is not such a powerful person to influence voters. He did not make any polarising statement," said Azimuddin Some Muslims felt that Naumani did not deserve the harsh criticism. Abdul Razak Maniar, a social worker, said, "During every election, local community leaders suggest names of candidates who they think people should vote for. Naumani made up his list after doing local surveys. However, endorsing an entire list of candidates was not a sensible thing. It could have caused counter-mobilisation of Hindu votes."EDMONTON — Alberta's Technology Minister Nate Glubish says he's hoping to see $100 billion worth of artificial intelligence data centres under construction within the next five years. Such centres are filled with computer servers used by companies like Meta to develop and train large-scale artificial intelligence models. Glubish says Meta, as well as other major companies including Google and Amazon, are on the hunt for space to build more facilities, and he wants Alberta to be an option. He says landing some data centres would create jobs and bring in much needed new tax revenue for the province. Glubish also says that since Alberta's electricity grid regulations allows for off-grid power generation, he thinks the province is an ideal location. He says allowing for off-grid power connections where power generators supply data centres directly also means there's less risk for Albertans, as there wouldn't be major drains on the electrical grid. This report by The Canadian Press was first published Dec. 4, 2024. Jack Farrell, The Canadian Press
For the first time this season, the Celtics were without Jayson Tatum on Wednesday night. Boston ruled out the three-time All-NBA first-teamer for its matchup with the Detroit Pistons at TD Garden with right patella tendinopathy. Starting guard Jrue Holiday (left knee tendinopathy) also was ruled out for the second consecutive game. Tatum was listed as questionable for Monday’s matchup with Miami but wound up playing 36 minutes in a 108-89 Celtics win . Head coach Joe Mazzulla praised the superstar for his aversion to taking nights off, saying: “You walk into the arena and know you have a chance to win every night, because your best players want to play, and they can play, and that they take care of themselves.” Mazzulla said Tatum’s knee injury is “just something that he continues to work through” and that he does not expect him to miss more than one game. “I know he’s OK,” the coach said. “He’s getting better every day.” Wednesday’s game was the first that Tatum missed all season. It was the second straight DNP for the 34-year-old Holiday, who was listed on the Celtics’ injury report with left knee tendinopathy. Tatum was recognized Tuesday as the Eastern Conference Player of the Month for October/November. He’s the NBA’s sixth-leading scorer this season and the Celtics’ leader in points, assists, rebounds and steals per game. Three-time NBA MVP Nikola Jokic is the only other player pacing his team in all four categories. “Jayson makes everything easier for everyone else around him,” reserve wing Sam Hauser said Wednesday morning. “He draws so much attention to himself that it gives other guys open looks. It gives them open reads, and we’re there as outlets for him. He trusts us enough to where he’s willing to give the ball up when two guys are on him to make the easy, right play, and I think that’s where he’s grown in the last three, four years — just making the right play. It might not be flashy or anything, but I think if you’re doing the right thing consistently most of the time, then it shows. “And obviously he’s still putting up great numbers in other aspects, but I think it’s just the little things that stand out.” Hauser, Kristaps Porzingis and Al Horford all returned to action Wednesday after sitting out Monday’s win. With Tatum’s streak ending, Payton Pritchard now is the only Celtics player to see action in every game this season. Pritchard also was the only Celtic to play in every regular-season game in 2023-24.UK Home Office to test remote fingerprint enrolment via smartphone for entry
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