Press release
Global Arts Market Growth Prospects, Future Industry Landscape 2032 | CJ Corp, Live Nation Entertainment, Inc., Cineworld Group plc, AMC Entertainment Holdings, Inc
Arts Global Market Report
The Business Research Company's Arts Global Market Report 2023 identifies the Art organizers are using augmented reality (AR) technology to create real-world experiences 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 view.
The global arts market size grew from $441.02 billion in 2022 to $579.52 billion in 2023 at a compound annual growth rate (CAGR) of 31.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global arts market is expected to grow to $682.08 billion in 2027 at a CAGR of 4.2%.
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Major companies in the art market include CJ Corp, Live Nation Entertainment, Inc., Cineworld Group plc, AMC Entertainment Holdings, Inc., Smithsonian Institution, Washington, D.C., Cinemark Holdings, Inc., Madison Square Garden Company, PVR Limited, The Metropolitan Opera Association, and The State Hermitage Museum.
A key trend in the Arts market includes the revenues earned by entities by operating facilities or providing 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.
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The Arts market is segmented -
1) By Type: Museums, Historical Sites, Zoos, And Parks, Independent Artists And Performing Art Companies, Sports And Arts Promoters
2) By Revenue Source: Media Rights, Merchandising, Tickets, Sponsorship
3) By End-User: Individuals, Companies, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Arts market.
The Business Research Company's "Global Arts Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Arts Market Include:
1. Executive Summary
2. Arts Market Characteristics
3. Arts Market Trends And Strategies
4. Arts Market - Macro Economic Scenario
5. Arts Market Size And Growth
……
27. Arts Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Arts Market
29. Arts Market Future Outlook and Potential Analysis
30. Appendix
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