Industry Background:
An online event ticket system is refer as the way of making a ticket with the help of website, application, or something else which is related to the online system. Online ticket management instantly increases the efficiencies, saved money, and boosted the sales of ticket for event managers, and the event industry hasn’t looked back to that traditional method again. The market of online event ticketing is gaining a huge growth due to rise in the use of internet, also the usage of mobile phone has boom the market for faster booking of any event
According to AMA Research, the market for Online Event Ticketing is expected to register a CAGR of 4.8% during the forecast period to 2028. This growth is primarily driven by Growing adoption of smartphones and PCs
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Application Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as AOL Inc (United States), Atom Tickets LLC (United States), Big Cinemas (India), Bigtree Entertainment Pvt. Ltd. (India), Cinemark Holdings Inc. (United States), Cineplex Inc. (Canada), Kyazoonga (India), Fandango (United States), Inox Leisure Ltd. (India), MovieTickets.Com (United States) and RazorGator (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Regal Entertainment Group, a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, announced its national partnership with Atom Tickets, the first-of-its-kind theatrical mobile ticketing platform and app
BIGTREE ENT PVT LTD International alliances include new venues with Grand Cinema (Dubai and Amman) and at Cineplex (Pakistan)
Regulatory Insights:
The government of United Kingdom introduces new rules to protect consumers against ticket touting. Under the new rules, which has come into force in April 2018, ticket resellers will be required to provide purchasers with additional detailed information about tickets including the location of seats, disclosure of any restrictions and the original price of the ticket itself
Influencing Trend:
Using mobile applications for booking movie, sports, and live event tickets online and Higher number of theatres and exhibitors have started accepting m-tickets and e-tickets to prevent wastage of paper
Market Growth Drivers:
Growing adoption of smartphones and PCs, Rising penetration of internet and broadband services, Increased disposable income and Growing focus on paperless transaction
Challenges:
Dependent on ability to secure popular event and Business vulnerable to data breaches
Restraints:
Lack of price supervision and uncertainty over ticket prices and Lack of skilled professional for using the service
Opportunities:
Rigorous promotion and advertising activities undertaken by online ticketing services play a pivotal role and Ease associated with purchasing tickets through Internet-enabled smartphones and tablets has completely changed the dynamics of ticketing services
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Online Event Ticketing Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Online Event Ticketing Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Online Event Ticketing players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Online Event Ticketing Study Sheds Light on
The Online Event Ticketing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Online Event Ticketing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Online Event Ticketing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.