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.
The rise in disposable income of consumers, particularly in increasing nations is expected to significantly enhance 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.
Mobile booking seems like 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.
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.
Some of the key players in the global online event ticketing market are Razorgato, StubHub, Ticketmaster, Tickpick, Fandango, AOL Inc., Atom Tickets LLC, Fandango, Movietickets.com, Big Cinemas, Cinemark Holdings Inc., Eventbrite, Live Nation Entertainment Inc., BookMyShow.com, Vue Entertainment, Mtime, Kyazoonga, Bigtree Entertainment Pvt. Ltd., Inox Leisure Ltd., EasyMovies, Ticketplease, and VOX Cinemas.
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Scope of the Global Online Event Ticketing Market
Global Online Event Ticketing Market by Platform
• Desktop
• Mobile
Global Online Event Ticketing Market by Event
• Sports
• Music & Other Live Shows
• Movies
Global Online Event Ticketing Market by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Online Event Ticketing Market
• Razorgato
• StubHub
• Ticketmaster
• Tickpick
• Fandango
• AOL Inc.
• Atom Tickets LLC
• Fandango
• Movietickets.com
• Big Cinemas
• Cinemark Holdings Inc.
• Eventbrite
• Live Nation Entertainment Inc.
• BookMyShow.com
• Vue Entertainment
• Mtime
• Kyazoonga
• Bigtree Entertainment Pvt. Ltd
• Inox Leisure Ltd.
• EasyMovies
• Ticketplease
• VOX Cinemas
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