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Industry Landscape
The arts and culture industry is adapting to changing visitor expectations, emphasizing digital engagement, accessibility, and diverse programming. Funding remains a challenge, with a reliance on donations and grants. Community engagement and educational initiatives are key for sustainability and relevance.
Total Assets Under Management (AUM)
Museum Visitors in United States
~Approximately 850 million annual visits to museums (pre-pandemic levels)
(3-5% CAGR)
- Increased digital engagement.
- Focus on diverse audiences.
- Recovery post-pandemic.
Total Addressable Market
30 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Augmented Reality (AR) Experiences
AR can overlay digital information, interactive content, and 3D models onto real-world museum spaces, enriching visitor engagement and providing deeper context for artworks.
AI-Powered Personalization
Artificial intelligence can analyze visitor preferences and behaviors to offer personalized exhibition recommendations, educational content, and interactive pathways within the museum.
Blockchain for Art Provenance and Digital Art
Blockchain technology can provide immutable records for art provenance, enhance authenticity verification, and enable secure ownership and trading of digital art and NFTs within the museum context.
Impactful Policy Frameworks
American Rescue Plan Act of 2021 (ARPA)
The American Rescue Plan Act of 2021 provided significant funding, including grants through the National Endowment for the Arts (NEA) and other agencies, to support arts and cultural organizations affected by the pandemic.
This policy directly impacts the Kemper Museum by offering potential grant opportunities to support operations, programming, and recovery efforts.
Accessibility Standards for Federal Agencies and Section 508 Refresh (2017)
While not new, the 'Section 508 Refresh' updated accessibility standards for federal agencies and those receiving federal funds, emphasizing accessible electronic and information technology for people with disabilities.
This policy influences the Kemper Museum to ensure its digital platforms (website, apps) and physical spaces meet current accessibility standards, crucial for its free and inclusive offerings.
Informal Guidance on NFT and Digital Art Taxation (Ongoing)
The IRS has issued various informal guidance and rulings regarding the taxation of digital assets, including non-fungible tokens (NFTs) and other cryptocurrencies, which can impact art transactions.
This evolving policy could affect how the Kemper Museum handles donations of digital art, potential sales of museum-created NFTs, or financial reporting if engaging in such transactions.
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