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Opportunities lie in hybrid event formats, immersive technologies, data-driven audience insights, and sustainability initiatives
Live Entertainment Market
Live Entertainment Market
Dublin, Aug. 25, 2025 (GLOBE NEWSWIRE) — The “Live Entertainment Market by Event Type (Concerts, Festivals, Sports), Experience Type (Hybrid, in-Person, Virtual), Venue Type, Audience Size, End User, Booking Channel – Global Forecast 2025-2030” has been added to ResearchAndMarkets.com’s offering.
The Live Entertainment Market is experiencing a robust expansion, growing from USD 214.59 billion in 2024 to an anticipated USD 297.06 billion by 2030, with a CAGR of 5.56%. This growth is spearheaded by a transformative mix of evolving consumer demands, technological innovations, and regulatory shifts. As the industry adapts to hybrid and virtual models alongside traditional live formats, decision-makers need a nuanced understanding of this dynamic landscape to effectively strategize for future growth.
Live entertainment has evolved significantly over the past five years, driven by immersive technologies like augmented reality and spatial audio, and changing consumer expectations toward experiential value. This new landscape offers expanded accessibility and fresh revenue potentials, including virtual merchandise and interactive sponsorships.
Moreover, there’s a heightened focus on environmentally sustainable practices, such as low-emission logistics, which align with both corporate and regulatory mandates. The rise of hybrid formats, combining physical events with digital layers, is not only enhancing engagement but also diversifying revenue streams.
In this competitive market, the agility to integrate technology, insights, and creativity is paramount, pushing traditional players to pursue strategic partnerships with tech innovators to maintain relevance.
Assessing the Cumulative Impact of US Tariffs on Live Events
New US tariffs implemented in 2025 have posed challenges particularly around the procurement of essential equipment, increasing costs for several live event components. This has led organizers to reassess vendor contracts and inventory strategies, exploring local sourcing options and co-developing solutions with regional providers.
Strategically, the industry has navigated these challenges well. Through adaptive planning, stakeholders have engaged forward contracting to stabilize pricing, thereby maintaining quality while mitigating financial impacts.
Key Takeaways from This Report
This report provides critical insights into the evolving live entertainment sector, offering strategic clarity for stakeholders:
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