Market Trends of Arts Promoters Industry
Art Exhibitions are Dominating the Market
- Art exhibitions have grown worldwide over the past decade. The growth in interest in visual arts, appreciation for culture, and creativity are making people attend art exhibitions. Globalization has facilitated cultural exchanges between countries. This has led to an influx of international art exhibitions.
- The growth in the tourism industry is also propelling art exhibitions as they are attracting most of the tourists. The collaborations made by schools, universities, and museums to conduct educational exhibitions are also propelling the art exhibitions market.
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E- Commerce is Driving the Market
- The promotions made online registered significant growth over the years. Due to the impact of COVID-19, the promotions made through e-commerce sites are on the surge.
- The rise of blockchain-authenticated artwork is having a positive impact on the business of auction houses. With a rise in the use of digital technology, artists from different countries are collaborating and showcasing their team-made products.
- Online sales made it convenient for visitors to register for art exhibitions and other art events. Apart from this, some e-commerce sites provide discount coupons that attract visitors. These are also propelling the online sales of arts.
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