Middle East & Africa Traditional Music Market Size & Outlook
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MEA traditional music market highlights
- The MEA traditional music market generated a revenue of USD 380.3 million in 2021.
- The market is expected to grow at a CAGR of 9.5% from 2022 to 2028.
- In terms of segment, live music events was the largest revenue generating type in 2021.
- Live Music Events is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2022 to 2028.
MEA data book summary
| Market revenue in 2021 | USD 380.3 million |
| Market revenue in 2028 | USD 716.6 million |
| Growth rate | 9.5% (CAGR from 2021 to 2028) |
| Largest segment | Live music events |
| Fastest growing segment | Live Music Events |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Live Music Events, Tangible Recording Formats |
| Key market players worldwide | Sony Group Corp ADR, Concord Music Group, Universal Music Group NV, Vivendi SE, Warner Music Group, Ace Ticket, Bassett Events, Brown Paper Tickets, Eventbrite Inc Class A, RazorGator, Live Nation Entertainment Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.1% of the global traditional music market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- North America is the fastest growing regional market and is projected to reach USD 12,050.3 million by 2028.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Traditional Music Market Scope
Traditional Music Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| RazorGator | View profile | 51-100 | Marina Del Rey, California, United States, North America | http://www.razorgator.com |
| Bassett Events | View profile | 1-10 | Toronto, Ontario, Canada, North America | https://www.bassetteventsinc.com/ |
| Warner Music Group | View profile | 5001-10000 | New York, New York, United States, North America | http://www.wmg.com |
| Concord Music Group | View profile | 501-1000 | Nashville, Tennessee, United States, North America | https://concord.com/ |
| Brown Paper Tickets | View profile | 51-100 | Seattle, Washington, United States, North America | http://www.brownpapertickets.com |
| Live Nation Entertainment Inc | View profile | 14700 | 9348 Civic Center Drive, Beverly Hills, CA, United States, 90210 | https://www.livenationentertainment.com |
| Ace Ticket | View profile | 11-50 | Boston, Massachusetts, United States, North America | https://www.aceticket.com/ |
| Universal Music Group NV | View profile | 10290 | Gravelandseweg 80, Hilversum, NH, Netherlands, 1217 EW | https://www.universalmusic.com |
| Eventbrite Inc Class A | View profile | 866 | 95 Third Street, 2nd Floor, San Francisco, CA, United States, 94103 | https://www.eventbrite.com |
| Vivendi SE | View profile | 39200 | 42, Avenue de Friedland, Cedex 08, Paris, France, 75380 | https://www.vivendi.com |
| Sony Group Corp ADR | View profile | 113000 | 7-1, Konan 1-Chome, Minato-ku, Tokyo, Japan, 108-0075 | https://www.sony.com |
Middle East & Africa traditional music market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to traditional music market will help companies and investors design strategic landscapes.
Live music events was the largest segment with a revenue share of 65.05% in 2021. Horizon Databook has segmented the Middle East & Africa traditional music market based on live music events, tangible recording formats covering the revenue growth of each sub-segment from 2017 to 2028.
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Target buyers of Middle East & Africa traditional music market databook
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Our clientele includes a mix of traditional music market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa traditional music market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa traditional music market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
MEA traditional music market size, by country, 2017-2028 (US$M)
Middle East & Africa Traditional Music Market Outlook Share, 2021 & 2028 (US$M)
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