Online Event Ticketing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Report Code: ZMR-5412 | Report Format : | Status : Upcoming |

Abstract

Global Online Event Ticketing Market: Overview

An online event ticketing system is a unique platform that allows sellers to vendor the tickets online. It is the kind of software for a one-stop-shop for booking tickets using smart devices.

The online ticketing system has not only eased the burden of buyers but also helped the sellers. It enabled a streamlined workflow in supporting the management, sales, marketing, and support beam to set off the required action for seamless customer experience.

The sellers are enabled with features like real-time analytics to track the sales and data in the online ticketing system.

Global Online Event Ticketing Market: Growth Factors

The global online event ticketing market is expected to go exponentially with a steady CAGR. The proliferation of internet services and a spike in usage of smart devices had boosted the market growth.

The changing lifestyle of consumers had significantly affected consumer preferences. Nowadays, changing preferences of people, like opting for online ticketing to avoid waiting in long queues, has positively affected the market growth.

Rigorous promotional campaigns had perfectly played with the mind of the users. People are appreciating digital transformations across the world. The service providers are striving hard to provide a user-friendly and seamless online experience to the audience. These strategies brought several innovations like advanced payment modes with artificial intelligence, integration of apps with social media to enhance user interactions, and many more.

Increased confidence of people on the online payment modes for money transactions is the major growth factor in the online ticketing market.

Rising income in developing and under-developed countries has positively affected the market. The increasing interest of customers in leisure and entertainment services had given the market an upward trend line.

Service providers are coming up with attractive offers and discounts to attract users. People save more on online transactions rather than offline ones. Many apps have the VIP subscription model to increase the proximity to customers.

The outbreak of COVID-19 had hampered the global online event ticketing market. But the increased control over the pandemic can see positive trends in online ticketing markets.

Global Online Event Ticketing Market: Segmentation

The global online market is bifurcated into the platform, event type, and region.

By platform, the market is categorized into the smartphones and desktop.

Tickets purchased with the help of smartphones had shown a significant increase in CAGR.

Increased penetration of smartphones with affordable internet services and high-speed 3G & 4G browsing network have boosted the smartphone segment.

The ease of booking online tickets anytime and anywhere with smartphones is the key feature that increased the growth of the smartphone market segment.

With an increase in the number of smartphone users, the service providers are focusing more on improving the user experience on their mobiles.

By events, the market is bifurcated into music, movies, stand-up comedy, opera shows, and others.

Increasing the interest of the audience in sports events is boosting the sports segment.

Several online events like the Olympic games, FIFA World Cup, and the National Football League have massive followings.

There is a significant rise in numbers of online ticketing for stand-up comedy shows.

The on-going trend for live stand-up comedy shows across the globe over the traditional entertainment media boosts the global online event ticketing market.

Global Online Event Ticketing Market: Regional analysis

North America holds the largest market share in the global online event ticketing market.

The high penetration of internet services and high per capita income in developed countries like Canada boosts the online ticketing market.

The US is forecasted to witness a high growth rate in the coming years.

The choices of advanced bookings and preferred seating in developing countries like India had shown a significant boost in the global online event ticketing market in Asia Pacific region.

Global Online Event Ticketing Market: Competitive Players

Some of the prominent leaders in the global online event ticketing market are Cvent Inc., Eventbrite, Inc., Ticketek Pty. Ltd., Eventbee Inc., and StubHub, Inc.

Global Online Event Ticketing Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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