The Global Online Event Ticketing Market was valued at US$ 47.01 Bn in 2019 and is expected to reach US$ 68.03 Bn by 2026, at a CAGR of 4.73% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Online Event Ticketing Market Dynamics
The rise in disposable income of consumers, particularly in developing nations is expected to significantly enhance the market development. Moreover, the rising adoption of smartphones and PCs, the growing penetration of internet and broadband services, increasing focus on paperless transactions are boosting the global online event ticketing market. However, lack of price observation and hesitation over ticket prices is hindering the market growth.
Global Online Event Ticketing Market Segment Analysis
Mobile booking seems to be a simpler task compared to traditional online booking via computers. Mobile devices have added popularity as the preferred device for purchasing tickets, which can be mostly attributed to declining prices of internet packs. Software developers are coming up with user-friendly interfaces and frequent updates to improve the user experience.
Growing viewership of sports has accordingly boosted online ticket sales for sporting events. Prominent sports events such as the NFL, the Olympics Games, the FIFA World Cup, ICC Cricket World Cup, and the PL have a massive fan following. There is strong competition among online ticket providers to save the rights for selling these tickets from concerned parent bodies.
Global Online Event Ticketing Market Regional Insights
North America is projected to the largest market share over the forecast period owing to higher per-capita income and augmented proliferation of the internet in countries such as the U.S. and Canada. The U.S. is expected to witness major growth over the upcoming years owing to the greater presence of a tech-savvy population in the country with increasing disposable incomes.
Global Online Event Ticketing Market, Key Highlights:
• Global Online Event Ticketing Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Global Online Event Ticketing Market
• Global Online Event Ticketing Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Online Event Ticketing Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Online Event Ticketing Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning, and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion, and competitive landscape of the key players operating in the Global Online Event Ticketing Market are also profiled.
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Global Online Event Ticketing Market, by Platform
Global Online Event Ticketing Market, by Event
• Music & Other Live Shows
Global Online Event Ticketing Market, by Geography
• North America
• Middle East & Africa
• South America
Global Online Event Ticketing Market Key Players
• AOL Inc.
• Atom Tickets LLC
• Big Cinemas
• Cinemark Holdings Inc.
• Live Nation Entertainment Inc.
• Vue Entertainment
• Bigtree Entertainment Pvt. Ltd
• Inox Leisure Ltd.
• VOX Cinemas
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