Covid-19 Impact On Arts Market 2020 - Future Demands, Growth, Revenue, Product And Regional Analysis - Key Features And Differentiators

The Business Research Company offers "Arts Global Market Report 2020-30: Covid 19 Impact and Recovery " in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global arts market is expected to decline from $432.3 billion in 2019 to $418.2 billion in 2020 at a compound annual growth rate (CAGR) of -3.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $520.6 billion in 2023.

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The arts services market consists of sales of arts services and related goods by entities (organizations, sole traders and partnerships) that operate facilities or provide services for cultural, entertainment and recreational interests such as producing live performances or events and preserving and exhibiting objects of the art-related interests of patrons. Revenues in this market include entry fees to theatres and art galleries and royalties.

Art organizers are using augmented reality (AR) technology to create real world experience for customers. Augmented reality is the integration of digital information with the user's environment in real time. Museums and zoos are now using augmented reality as a tool to educate and entertain the audience by creating a visual tour guide and displaying 3D content in a real world camera views.

Arts Market Segmentation: -
By Type
1. Museums, Historical Sites, Zoos, And Parks
2. Independent Artists And Performing Art Companies
3. Sports And Arts Promoters

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Arts Market Characteristics
4. Arts Market Product Analysis
5. Arts Market Supply Chain
......
20. Arts Market Competitive Landscape
21. Key Mergers And Acquisitions In The Arts Market
22. Market Background: Recreation Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

The report covers the trends and market dynamics of the arts market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the arts market are Smithsonian Institution; Cirque du Soleil; The Paris Opera Ballet; WWE; The Metropolitan Opera Association.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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