Find stats on top websites
Industry Landscape
The arts and culture industry in the US is recovering from pandemic impacts, with increasing attendance and digital engagement. It faces challenges like funding stability and evolving audience interests, but opportunities exist in technology integration and diverse programming. Emphasis is on community engagement and accessibility.
Total Assets Under Management (AUM)
Number of Museum Visits Annually in United States
~850 million (US, 2019 pre-pandemic, estimated for art museums segment)
(2-3% (Post-pandemic recovery, projected for 2023-2024) CAGR)
• Post-pandemic recovery driving growth.
• Digital engagement supplementing physical visits.
• Shifting visitor demographics and interests.
Total Addressable Market
40 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Augmented Reality (AR) & Virtual Reality (VR)
AR/VR can offer immersive and interactive experiences, allowing virtual tours, enhanced exhibit viewing, and digital overlays of information within physical spaces.
AI-Powered Personalization
AI can analyze visitor data to offer personalized recommendations for exhibits, programs, and educational content, enhancing individual engagement.
Blockchain for Provenance & Digital Art
Blockchain can provide secure and transparent records of art provenance and enable the creation and sale of authenticated digital art forms like NFTs.
Impactful Policy Frameworks
American Rescue Plan Act of 2021 - Arts and Culture Funding
This federal legislation provided significant emergency relief funding to arts and cultural organizations, including museums, to mitigate the economic impacts of the COVID-19 pandemic.
This policy directly supported the financial stability and recovery of the Montclair Art Museum, enabling continued operations and programming during a challenging period.
Section 508 of the Rehabilitation Act (amended 2000)
While not new, ongoing enforcement and interpretation of Section 508 mandates that federal agencies' electronic and information technology is accessible to people with disabilities, influencing best practices for all digital platforms.
This policy pushes the Montclair Art Museum to ensure its digital content, including virtual tours and online educational materials, is accessible to all visitors, including those with disabilities.
Children's Online Privacy Protection Act (COPPA) - updated 2013
COPPA imposes requirements on operators of websites and online services directed to children under 13 years of age, or who have actual knowledge that they are collecting personal information from children under 13.
The Montclair Art Museum must ensure any online educational programs or interactive content targeting children complies with COPPA to protect their privacy.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
