September 10th, 2022
Online event ticketing market was valued at USD 51.91 billion in 2021 and is expected to reach USD 75.29 billion by the year 2028, at a CAGR of 4.80% over the forecast period 2022- 2028.
The proposed Online Event Ticketing Platforms Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the Online Event Ticketing Platforms market dynamics.
An online event ticketing system is a platform that allows ticket sellers to sell tickets online and buyers to buy tickets. It is software that creates a method to get tickets by using an application, website, or something related to the online system. It is a one-stop-shop for booking tickets on smart devices like mobile, and desktops. It is an updated version of traditional event ticketing processes for various events. Movie, sports, live shows, stand-up comedy, live concerts, drama, and other shows artists offers, and to attend them individuals have to reserve their seats by booking tickets, and online event ticketing makes the ticket booking process easy and helps to save time and money of audience.
Major Key Players for Online Event Ticketing Market:
· Brown Paper Tickets
· Cvent Inc
· Eventbee Inc.
· Eventbrite Inc.
· moshtix Pty Ltd
· Razorgator LLC
· StubHub Inc.
· Thundex Tix
· Ticketek Pty Ltd and Other Major Players
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Market Dynamics and Factors:
Online event ticketing services play a role in increasing the sale of tickets through their channels through promotion and advertising activities carried out. Internet-enabled smartphones and tablets have completely changed the ticket purchasing system. Penetration of smartphones and the internet is giving a high boost to the market. In addition to this, prominent service providers such as Cvent, Eventbee, and Eventbrite are continuously developing user-friendly apps for Android and iOS to provide effective ticket purchase facilities. Moreover, the Service provider industry offers several deals and discounts along with special incentives such as pre-sales and additional discounts. They are re-designing their websites and developing advanced mobile applications to enhance online event ticketing software to offer a more user-friendly booking experience that propels the online event ticket market during the forecasted period.
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Online Event Ticketing Market Report Highlight:
· By platform, the mobile segment is expected to have the maximum market share in online event ticketing during the projected period. Growing penetration of high-speed 3G and 4G connectivity among mass users propel the growth of the market.
· By application, the sports segment is predicted to expand the most in the online event ticketing market during the forecast year. A large viewer base for sports consequently boosted online ticket sales for sports events.
· By region, North America is expected to dominate the online event ticketing market, during the projected period. The proliferation of the Internet and early adoption of technology support the growth of the online event ticketing market in North America.
Online Event Ticketing Market Segmentation:
By Event Type
· Live Show
· Stand-up comedy
· Live concerts
· Other shows
Scope of the Report:
The objective of the research is to provide the market knowledge and strategic insights to assist decision-makers in making informed investment decisions and identifying potential gaps and growth opportunities. Historical revenue and sales volume are reported, and additional data is triangulated using top-down and bottom-up methodologies to predict forecast numbers for important regions covered in the research, as well as classified and well-known Types and end-use industries. Online Event Ticketing Market study explores the competitive landscape of the global market. In addition to rival market share research, in-depth profiling, product/service, and business overviews, the study focuses on BCG matrix, heat map analysis, and SWOT analysis to better correlate market competitiveness. Five forces analysis, Ansoff matrix, PESTEL analysis, and value chain analysis are used to better understand market conditions.
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