US and Europe Technofest Market
US and Europe Technofest Market Size By Geographic Scope and Forecast
According to Verified Market Research, the US and Europe Technofest Market was valued at USD 355.82 Million in 2018 and is projected to reach USD 1281.6 Million by 2026, growing at a CAGR of 17.4% from 2019 to 2026.
Techno, one of the sub-types of EDM, is a form of electronic dance music that emerged in Detroit, Michigan, in the United States in the mid-to-late 1980s. It generally involves repetitive instrumental music, often produced for use in a continuous DJ set. Most commonly used electronic instruments in this genre are drum machines, sequencers, and synthesizers, as well as digital audio workstations. After its inception, Techno spread in the European countries, such as Germany and UK in the form of its sub-genres like acid, hardcore, ambient, detroit (dead), minimal, deep, german, swedish and dub techno. Given the rising adoption and acceptance of such genres of music, there has been a growth in the market for Techno Festivals across the glove, especially in Europe and Americas. Such festivals are like a match made in heaven where unknown DJs and producers are able to share their tracks, remixes and sets across social media, forums, and blogs.
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