Market Overview:
The Global Online Event Ticketing Market size is expected to grow from USD 57.01 billion in 2022 to USD 82.95 billion by 2030, at a CAGR of 4.80% during the forecast period (2023-2030).
Online event ticketing is an activity that you do to book the tickets for a live or performed show or event on a location. The increasing use of the Internet and smartphone applications to book Online event ticketing for movies, sports, and live events is expected to boost the growth. Individuals in the Asia Pacific region, in particular, are willing to pay marginal Internet processing costs to avoid standing in long lines, which is hyping the Online event ticketing market. The major driving factors for the Online event ticketing market is the convenience and cost-to-key easy handling charges for the consumers. Also, the growing usage of online promotions and hassle-free booking of the shows at their own convenience is affecting the Online event ticketing market positively.
Top Key Players for Online Event Ticketing Market:
Brown Paper Tickets (US), Cvent Inc (US), Eventbee Inc. (US), Eventbrite Inc. (US), Eventzilla (US), and other major players.
Download Free Sample Copy of Online Event Ticketing Market' Report @
https://introspectivemarketresearch.com/request/15188
The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Market Dynamics and Factors for Online Event Ticketing Market:
Drivers:
Surge in Music Events
The surge in music events has acted as a significant driver for the online event ticketing market. This trend has been propelled by various factors, including increased demand for live music experiences, the diversification of music genres and festivals, and the convenience of online ticket purchasing. As music enthusiasts seek access to concerts, festivals, and performances, online event ticketing platforms have seen a boost in ticket sales and revenue. The ease of browsing and booking tickets online, coupled with the ability to discover events through digital platforms, has contributed to the market's growth. Additionally, the COVID-19 pandemic accelerated the adoption of virtual and hybrid music events, further expanding the online ticketing market's scope to include digital concerts and livestreamed performances. Overall, the surge in music events continues to be a driving force behind the flourishing online event ticketing industry.
https://introspectivemarketresearch.com/custom-research/15188
Opportunities:
Increasing Paperless Transaction
The increasing trend toward paperless transactions represents a significant opportunity for the online event ticketing market. With the growing emphasis on digitalization and environmental sustainability, both event organizers and attendees are embracing paperless ticketing solutions. Paperless tickets eliminate the need for physical tickets, making the ticketing process more convenient for both event organizers and attendees. Customers can easily purchase tickets online, receive them electronically, and present them via mobile devices or email, eliminating the hassle of printing or carrying physical tickets.
Segmentation Analysis of the Online Event Ticketing Market:
By Event type, the online event ticketing market is segmented into Movies, Sports, Live Shows, Stand-up comedy, live concerts, drama, and other shows. In this segment, the Sports segment is accounted for the largest segment with more than half of the market share of 43.12% and is estimated to have a market size of USD 29.50 billion in the year 2026 with a CAGR of 5.20%.
By Platform type, the Mobile and tablet segment is accounts for the largest online event ticketing market segment with a market share of 57.88% and is estimated to have a market size of USD 43.98 billion in the year 2026 with a CAGR of 6.03%. Increased demand from the theaters and exhibitors for m-tickets and e-tickets to stop wasting paper has boosted the online event ticketing market.
By Event Type
· Movie
· Sport
· Live Show
· Stand-up comedy
· Live concerts
· Drama
· Other shows
By Platform
· Desktop
· Mobile
Inquiry For This Report:
https://introspectivemarketresearch.com/inquiry/15188
Regional Analysis of the Online Event Ticketing Market:
Due to high capita income, North America holds the largest online event ticketing market share for the online event ticketing market especially, the United States and Canada have a maximum number of consumers for the market. Event ticketing has experienced an effective transition from traditional ticketing at event venue counters to purchasing tickets in advance from the convenience of one's own home. Buying tickets using smartphones and tablets has increased over time due to the operation's apparent convenience and flexibility and the user-friendly mobile interfaces created by service providers.
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
“Unlock a treasure trove of market insights this Black Friday! Enjoy a spine-tingling Up to 30% off on our comprehensive market reports. Hurry up, offer valid for limited period Only.”
We Offer Discount on The Online Event Ticketing Market Report @:
https://introspectivemarketresearch.com/discount/15188
Key Industry Development:
In April 2023, Evvnt, one of the leading event ticketing, marketing, and discovery solutions providers, launched a new Mobile Box Office for event gate and door sales. The smartphone application makes managing ticket sales and check-in processes easier for event organizers and venues.
In April 2023, PayPal Holdings Inc. and Live Nation Entertainment Inc. announced a multi-year partnership in which PayPal would serve as Ticketmaster's Preferred Payments Partner, offering fans an easy and flexible method to purchase tickets. Fans will be able to pay using PayPal, Pay Later products, and Venmo* via the Ticketmaster site as part of the agreement. Furthermore, PayPal Braintree would become Ticketmaster's principal global payment processor, accelerating checkout and providing fans with immediate access to event add-ons such as merchandise and parking for purchase.
https://introspectivemarketresearch.com/checkout/?user=1&_sid=15188
About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
Contact us:
Introspective Market Research
3001 S King Drive,
Chicago, Illinois
60616 USA
Email : sales@introspectivemarketresearch.com
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek