Digital Admissions: Trends and Insights in the Online Event Ticketing Industry
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.
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. Additionally, it offers seating preference to viewers, provides mobile tickets in the form of a barcode, and portrays a view of the screen or stage or ground from the viewer’s preferred seat these features enhances customer experience and their position in the market. According to the Digital Market Outlook, the average revenue per online user of the online event ticket in Europe is 77.43 USD.
Get a Sample Copy Of Online Event Ticketing Market : 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.
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.
Key Industry Development
In March 2022, Vivid Seats Inc. a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, announced partnership with Capital One Financial Corporation, with the launch of Capital One Entertainment, a new ticketing platform for Capital One rewards cardholders that allow to redeem their rewards for tickets to more than 500,000 events.
In January 2022, ESPN Enterprises, Inc. and Vivid Seats Inc. a leading marketplace that utilizes its technology platform to connect ticket sellers across thousands of events each year announced a multi-year renewal of its relationship that builds upon the digital integrations powering the partnership, with a significant focus on linear and addressable media.
Online Event Ticketing Market Segmentation
By Platform
Desktop
Mobile
By Application
Sports
Music & Other Live Shows
Movies
Others
if You Have Any Query of Online Event Ticketing Market : Key Players for Online Event Ticketing Market:
Brown Paper Tickets
Cvent Inc
Eventbee Inc.
Eventbrite Inc.
Eventzilla
Moshtix Pty Ltd
Razorgator LLC
StubHub Inc.
Thundex Tix
Ticketek Pty Lt
Explore Our Trending Reports :
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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
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.
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. Additionally, it offers seating preference to viewers, provides mobile tickets in the form of a barcode, and portrays a view of the screen or stage or ground from the viewer’s preferred seat these features enhances customer experience and their position in the market. According to the Digital Market Outlook, the average revenue per online user of the online event ticket in Europe is 77.43 USD.
Get a Sample Copy Of Online Event Ticketing Market : 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.
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.
Key Industry Development
In March 2022, Vivid Seats Inc. a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, announced partnership with Capital One Financial Corporation, with the launch of Capital One Entertainment, a new ticketing platform for Capital One rewards cardholders that allow to redeem their rewards for tickets to more than 500,000 events.
In January 2022, ESPN Enterprises, Inc. and Vivid Seats Inc. a leading marketplace that utilizes its technology platform to connect ticket sellers across thousands of events each year announced a multi-year renewal of its relationship that builds upon the digital integrations powering the partnership, with a significant focus on linear and addressable media.
Online Event Ticketing Market Segmentation
By Platform
Desktop
Mobile
By Application
Sports
Music & Other Live Shows
Movies
Others
if You Have Any Query of Online Event Ticketing Market : Key Players for Online Event Ticketing Market:
Brown Paper Tickets
Cvent Inc
Eventbee Inc.
Eventbrite Inc.
Eventzilla
Moshtix Pty Ltd
Razorgator LLC
StubHub Inc.
Thundex Tix
Ticketek Pty Lt
Explore Our Trending Reports :
Supply Chain and Logistics for B2B Market
Smart Education Infrastructure Market
Smart BMI Calculator Market
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
11 months ago
