Online Event Ticketing Market Overview:
The Global Online Event Ticketing Market is expected to grow at a CAGR of 4.8% during the forecast period 2022-2027. By making it simple for your attendees to register for the event in advance and check in at the venue, online ticketing systems save everyone time. There will be no long registration lines, and check-in will be as simple as scanning a QR code or barcode with the system’s app. Desktop and Mobile are the two types of the platform of the Online Event Ticketing.
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Online Event Ticketing Market Dynamics:
Due to the widespread use of Smartphone’s and mobile devices, online ticketing has grown in popularity due to the apparent convenience and flexibility of the process. Service providers are developing user-friendly and beautiful mobile interfaces, resulting in quicker and faster ticket purchase. Visitors screening and contact tracing can be incorporated into event preparation by ticketing systems and event organisers. Ticketing platforms can meet local rules and increase event safety by screening visitors who display symptoms and collecting contact tracing information directly through event registration systems and access control apps. Ticketing enterprises are attempting to streamline their internal and external operations during this challenging period. A robust conversation about tapping into ticketing data was one of the recurring themes at the Ticket Business Forum in 2021 and INTIX 2022. Sports teams, for example, are eager to experiment with new revenue streams by providing patrons with omnichannel experiences.
Online Event Ticketing Market Segmentation:
The market is divided into three categories based on event type: movies, sports, and music and other live performances. By 2027, the segment for music and other live performances is anticipated to hold the largest market shares. The music events sector, which includes successful sales for all music-related events like concerts, festivals, musicals, music shows, and operas, dominates the online event ticketing market. A leader in online ticketing, Ticketmaster claims that music has been responsible for almost 80% of recent GTV growth.
Because of the rise in music aspirants, talent shows, and music streaming services for musicians, concerts are the main source of revenue for online ticketing companies. The price of producing a show rises along with ticket prices. Customers keep buying despite the frequent price increases and common false and duplicate tickets, as seen by the increasing user numbers.
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Online Event Ticketing Industry Key Players:
- Ticketmaster
- Tickpick
- Fandango
- AOL Inc.
- Atom Tickets LLC
- com
- Big Cinemas
- Cinemark Holdings Inc.
- Eventbrite
- Live Nation Entertainment Inc.
- com
- Vue Entertainment
- Mtime
- Kyazoonga
- Bigtree Entertainment Pvt. Ltd
Online Event Ticketing Market Regional Analysis:
After taking into account the political, economic, social, and technical factors affecting the Online Event Ticketing market in each of the five regions—North America, Europe, Asia Pacific, the Middle East and Africa, and South America—the study also provides a comprehensive PESTLE analysis for each of these regions.
COVID-19 Impact Analysis on Online Event Ticketing Market:
As a result of the COVID-19 epidemic, customer behaviour has changed in all areas of society. Industries, on the other hand, will need to revise their strategy to account for changing market supply. By providing an overview of the COVID-19’s impact on the Online Event Ticketing market, this report will assist you in developing your business in accordance with the new industry standards.
Key Questions answered in the Online Event Ticketing Industry Report are:
- Which product segment had the largest share in the Online Event Ticketing Industry in 2020?
- How is the competitive landscape of the Online Event Ticketing industry?
- Which are the key factors aiding the Online Event Ticketing industry growth?
- Which region holds the maximum share in the Online Event Ticketing industry?
- What will be the CAGR of the Online Event Ticketing industry during the forecast period (2021-2027)?
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