Revenue in the Music Events segment is projected to reach US$27.08bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 4.08%, resulting in a projected market volume of US$31.78bn by 2027.
In the Music Events segment, the number of users is expected to amount to 336.7m users by 2027.
User penetration will be 4.2% in 2023 and is expected to hit 4.2% by 2027.
The average revenue per user (ARPU) is expected to amount to US$84.10.
In global comparison, most revenue will be generated in the United States (US$11,090.00m in 2023).
With a projected rate of 25.6%, the user penetration in the Music Events segment is highest in Denmark.
The Music Events segment consists of the sale of online tickets for all music-related events. This includes concerts, festivals, musicals, music shows and operas. The segment covers digital tickets with QR codes, as well as the purchase of paper tickets that are bought online and posted to an address or are available at a physical collection point. Users refer to active ticket buyers, independent of the number of tickets purchased in one booking.
All revenue figures refer to Gross Transactional Value (GTV).
Sale of online tickets for all music-related events (concerts, festivals, musicals, music shows and operas)
Digital tickets with QR codes
Online purchased tickets that are posted to an address or printed at home
Online purchased paper tickets that are available at a physical collection point