About Secondary Tickets
Secondary tickets are the resold tickets through online or offline platforms. The Rental Service/ Products have been popular option for the modern era as it’s undergone with new trends. Secondary Tickets market has high growth prospects due to demand for online ticketing due to growing internet usage. The proliferation of smartphones and tablets due to ease of accessing the website from anywhere and at any time across the globe, and increasing demand for long-term contracts with production houses, sports authorities, theatres, and local event planners.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Due to Various Large and Small Event Organisers Available, There as a High Competition. The Vendors Will Compete on the Basis of Price and Ease of Accessibility as they will have to Develop New Technology. Also, Staying Updated with the Event Organisers will Help them to Grow Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Secondary Tickets market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Stubhub (United States), Ticketmaster (United States), Viagogo (Switzerland), Vivid Seats (United States), Ticket IQ (United States), Razor Gator (United States), Tick Pick (United States), Seat Geek (United States), Coast To Coast Tickets (United States) and Ticket City (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ticket Network (United States) and Craigslist (United States).
Segmentation Overview
AMA Research has segmented the market of Global Secondary Tickets market by Type (Offline Platform and Online Platform), Application (Concert, Theatres, Football, Baseball, Cricket and Others) and Region.
On the basis of geography, the market of Secondary Tickets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Adoption of Online and Offline Platforms in Order to Provide their Services to Customers on Every Platform and Market Players are Focusing on BOT Type of Software Application for Running Automated Tasks
Market Growth Drivers:
Growing Internet Usage is Increasing the Demand of Secondary Tickets and Ease of Accessing the Website and Buying is Driving the Market
Challenges:
Availability of Various Live Streaming Options and Rising Sale of Primary Tickets as the Number of Selling Platforms Increased
Restraints:
Fraud Associated with Brokers in Secondary Tickets Market is Affecting the Revenue Generation and Illegal Practices in the Secondary Ticketing Industry Has Enforced Closure of a Number Of Retailers
Opportunities:
Rising Disposable Income in Developing Countries is Creating an Opportunity and Interest towards Sports and its Promotion through Advertisements
In March 2018, The ASA Ruled that Many of the Secondary Ticketing Adverts it Investigated Were “Misleading” for Consumers, and they Banned Several Practices. The Regulatory Board Took Action Against the Four of the Main Operators in the Sector: Stubhub UK, Viagogo AG, Seatwave Ltd, And GET ME IN! Ltd and In 2019, Conferize A/S has Just Launched a New Ticket Product, Conferize Tickets. The New Product Caters Directly to Event Organizers who Only Need to Issue and Sell Tickets
Key Target Audience
Online Platforms, Research Institutes, Suppliers and Distributers and Government Associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.