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(MoneyNewsWire.Net, August 02, 2018 ) This market includes independent artists, writers, and performers and performing arts companies. Independent individuals perform in artistic productions, creating artistic and cultural works, and providing technical expertise necessary for these productions. Independent artists typically offer their services to musical groups, theatres, performing arts companies, art galleries, advertisement agencies, news agencies, comedy clubs, and television producers. Performing arts is the form of art practice performed live by collaborators or performers in front of an audience. Live theatrical presentations include musicals, operas, plays, comedy, mime, and puppet shows.
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The global independent artists and performing art companies market was valued at $252 billion in 2017. The expected high growth in the forecast period is mainly due to growing popularity of live festivals and other events in countries such as China and India, and the use of social media to promote art events.
The market is split into visual arts, and performing arts.
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The USA was the largest country in the market, accounting for three-tenth of the global independent artists and performing art companies market share. This is due to the fact that live performances, concerts, zoos are widely popular among the US citizens. The USA was followed by China and India as the next largest countries in the market.
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