Increasing Interest in Live Entertainment drives the Performing Arts Software Market

Performing Arts Software Market Overview

Product Overview and Scope of Performing Arts Software

Performing arts software is a type of tool and application designed to assist and enhance various aspects of the performing arts industry. These software solutions are used by professionals, artists, performers, and production teams. The performing arts software is used by theatres, drama, and dance to manage the schedules of their performances. These offer a range of features and functionalities that streamline and automate processes, improve collaboration, and improve production quality. It differs from visual arts where the artists make use of paint or several drawing materials to portray natural or static art.
Performing arts software helps self-expression and allows individuals to develop self-confidence and belief in themselves. It also helps the performance institutes to manage the various activities related to the shows and events. Performing arts software involves the spreading of traditional art forms by giving training through online mediums. Performing art activities are delivered as a subject in educational institutes to improve the skills of children along with their academic activities.  

Performing Arts Software Market – Global Industry Analysis

Market Drivers

• Increasing Interest in Live Entertainment

The growing demand for live entertainment is one of the key factors propelling the market for performing arts software. There is a strong and expanding interest in attending live performances of performing arts, such as theatre, music concerts, dance performances, and other types of performing arts, despite the availability of digital content and streaming platforms.
Music festivals and other live entertainment events are special occasions where people enjoy hundreds of performances. Not only to get the opportunity to see some of the greatest artists on the planet perform at one festival, but they can also discover some incredibly talented local artists. Due to this, attendance for these events and shows is increasing globally. For instance, in 2022, 250,000 people flocked to the shores of Lake Geneva in Switzerland to attend the Montreux Jazz Festival. Further, in the United States, LiveNation, one of the largest concert management groups, had 12,500 shows in the second quarter of 2022 alone, and there were 33.5 million people attended LiveNation shows in the second quarter of 2022, higher than 2019's 27 million. LiveNation has sold more than 100 million tickets through July 2022 compared to 74 million in 2019. The following graph represents the Number of concerts and festivals promoted by Live Nation.

• Shift towards Digital Transformation
• Growth in emerging markets

Global Performing Arts Software Revenue by Regions (2018-2023)

Global Performing Arts Software Revenue and Market Share (%) by Regions (2018-2023)

Global Performing Arts Software Revenue (USD Billion) by Regions (2018-2023)

Global Performing Arts Software Revenue Market Share (%) by regions in 2022 

Global Performing Arts Software Revenue Market Share (%) by regions in 2022

Source: Cognitive Market Research

Global Performing Arts Software Revenue by Segment 

Global Performing Arts Software Market by Application

• Theatre Company
• Dramatic Society
• Theatre Schools
• Dance Company
• Production Company
• Entertainments Society
• Others

Based on application, the theatre company segment is dominating the performing arts software market during the forecast period. This is attributed to the increasing demand for performing arts software in the theatre company. Theater venue management software streamlines the many processes involved in maintaining and upkeeping traditional and nontraditional performing arts venues. Venue owners, managers, and employees can use theater venue management software to maintain the scheduling of multiple types of spaces in one building, allowing real-time updates of what rooms are booked and available.

Global Performing Arts Software Market by Component

• Software
• Services

Global Performing Arts Software Market by Deployment Model

• On-Premises
• Cloud

Global Performing Arts Software Market by Platform

• Smartphone
• Desktop
• Laptop
• Tablet
• Others

Global Performing Arts Software Market by Pricing Model

• Subscription
• One Time License
• Free Trial

Global Performing Arts Software Market by Features

• Event Scheduling
• Check-ins & Schedulers
• Automated Registration
• Online Payment
• Analytics
• Others

Performing Arts Software Manufacturers Profiles/Analysis

Artifax Software Limited

Artifax Software Limited Company Basic Information, and Sales Area

Business Segment/ Overview:

Artifax Software Limited is offering software solutions for various applications. It has 6 international sales & support hubs and 26 team members. Software offered by the company includes venue operations, event scheduling, event management, CRM, finances, reporting, and artistic programming. 

Business Strategy

The company's software solutions have applications for planning, catering, operations, season planning, guest scheduling, artist management, ticket sales forecast, and other tasks in performing arts festivals, museums & galleries, conferences & events, places of worship, and community centers, which is growing its clientele. In order to expand its market presence, the corporation is also concentrating on inorganic expansion.