The global Online Event Ticketing Market size is anticipated to reach USD 67.99 billion by 2025. It is anticipated to register growth with 4.8% CAGR during the forecasted period, 2018 to 2025. This growth can be associated with the shifting trend prevailing among the millennial population for usage of mobile applications to book movie and event tickets at any point of time with minimal or no charges.
The segment of the mobile is expected to register a 7.0% CAGR during the forecasted years owing to the increasing influence of mobile phones among the millennial population. Also, rising acceptance of e-tickets and m-tickets across all theatres is expected to pave the way for the growth of such services. Moreover, features like safe, reliable, and hassle-free booking process are further anticipated to fuel up the market growth.
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The sports event segment held the share of around 30% across the global market, in 2016 owing to rising influence of national and international sports among the millennial population coupled with the increasing popularity of games like FIFA World Cup, Cricket World Cup, Olympic Games, and Premier League. On the other hand, the movie segment is also gaining importance among the online ticket service providers. It is expected to witness CAGR of 7.6% from 2018 to 2025.
North America held the largest share due to the rising per capita income among the working population coupled with the surging usage of the Internet across the U.S. and Canada. Middle East and Arica is projected to hold a significant share owing to the increasing adoption of tablets and smartphones among the millennial population across countries like Turkey, UAE, and Qatar.
The online event ticketing market includes key players such as Mtime; StubHub; Razorgato; Tickpick; Ticketmaster, Big Cinemas; and Fandango. They are implementing various marketing strategies like partnerships with several financial institutions like banks to gain competitive advantage over other players.
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Further key findings from the report suggest:
• The mobile platform segment is expected to register 7.0% CAGR from 2018 to 2025 across the globe.
• The sports event held the share of around 30% across the global market owing to the rising influence of national and international sports among the millennial population.
• The movies segment is anticipated to register 7.6% CAGR during the forecasted years, 2018 to 2025.
• The key players in the market are StubHub; Fandango; Razorgato; Tickpick; Ticketmaster; and Big Cinemas.
Million Insights has segmented the global online event ticketing market on the basis of platform, event type and region:
Online Event Ticketing Platform Outlook (USD Million, 2014 – 2025)
Online Event Ticketing Event Type Outlook (USD Million, 2014 – 2025)
• Music & Other Live Shows
Online Event Ticketing Regional Outlook (USD Million, 2014 – 2025)
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
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