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Online Event Ticketing Market Size, Share, Growth, Trend, Opportunity, Analysis And Forecast 2022-2028

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vikash singh
Online Event Ticketing Market Size, Share, Growth, Trend, Opportunity, Analysis And Forecast 2022-2028

According to a new report published by UnivDatos Markets Insights, the Online Event Ticketing Market is expected to grow at a CAGR of around 8% from 2022-2028. The analysis has been segmented into Platform (Desktop and Mobile); Event Type (Movies, Sports, Music, and Others); Region/Country.

The online event ticketing market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the online event ticketing market. The online event ticketing market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the online event ticketing market at the global and regional levels.

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Market Overview

An event ticket platform helps make the ticket sales process easy and convenient. These platforms help sell tickets digitally and directly to audiences without relying on marketing agencies. These platforms have greatly simplified the functionality of ticket sales and management. They are easily accessible by any person from a non-technical field, which makes them more versatile and useful. Further on, the pros of using online event ticketing systems such as real-time data analytics, seamless event check-in, data collection, customer service, and better reach are some of the most important factors driving the growth of the market. The reach that online ticketing software offers with social media integration and email promotion capabilities is one of the major advantages because it boosts online ticket sales by reaching even more people. Moreover, Online ticketing systems also provide useful data collection and analytics tools. It assists in keeping track of registrations and ticket sales as well as gathering data on attendance that can be used to improve future marketing and sales strategies.

COVID-19 Impact

The online ticket booking business was extremely hampered after the outbreak of the COVID-19 pandemic. The government took lockdown measures to control the spread of disease, and many hotels and theaters were closed, which led to the crash of the ticketing business during the COVID-19 pandemic.

The Global Online Event Ticketing Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·        Based on platform, the market is segmented into desktop and mobile. The mobile segment catered to a significant share of the market in 2020. This large share is due to the rising adoption of smartphones and the availability of various apps for the booking of movies, sports, music, and other events. For instance, according to IBM, the number of smartphone users has climbed beyond 3 Bn, and the global mobile workforce is expected to reach 1.87 Bn by 2022

·        By event type, the market is categorized into movies, sports, music, and others. Among these, the sports event type segment accounted for a prominent share of the global online event ticketing market in 2020. Increased viewing of sporting events has led to an increase in online ticket sales for sporting events. The National Football League (NFL), FIFA World Cup, Olympic Games, ICC Cricket World Cup, and India Premier League (IPL) are some of the most popular sports competitions. For instance, in March 2020, the NFL announced that an estimated 208 Mn-plus viewers watched Super Bowl LVI. The figure is based on a survey conducted in conjunction with Nielsen, which adds measurement data to help determine how many people, particularly in group situations, may have seen the game

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Online Event Ticketing Market Geographical Segmentation Includes:

·        North America (The United States, Canada, and the Rest of North America)

·        Europe (Germany, The United Kingdom, France, Italy, Spain, and the Rest of Europe)

·        Asia-Pacific (China, India, Japan, and the Rest of Asia-Pacific)

·        Rest of the World

The Asia-Pacific online event ticketing market is anticipated to grow at a substantial CAGR during the forecast period. This is due to the rising disposable income, high smartphone penetration increased internet access, and expanding urbanization. Customers have shown a willingness to pay internet handling fees to skip long lineups, especially in the Asia Pacific region, which has benefited the sector. Moreover, the smartphone penetration in the region is further helping the Asia-Pacific market to grow at a steady rate. For instance, according to the GSM Association, the number of mobile internet users in the Asia-Pacific region will grow to around 2.7 Bn by 2025 (60% of the population).

The major players targeting the market include

·        Atom Tickets LLC

·        Ticketek Pty Ltd

·        Cvent Inc.

·        KyaZoonga Inc.

·        Ticketmaster

·        Eventbee Inc.

·        Eventbrite

·        TickPick LLC

·        StubHub

·        ThunderTix

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Online Event Ticketing market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Click here to view the Report Description & TOC - https://univdatos.com/report/online-event-ticketing-market/

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the online event ticketing market?

• Which factors are influencing the online event ticketing market over the forecast period?

• What are the global challenges, threats, and risks in the online event ticketing market?

• Which factors are propelling and restraining the online event ticketing market?

• What are the demanding global regions of the online event ticketing market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

About UnivDatos Market Insights (UMI)

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About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

Contact Us -

UnivDatos Market Insights

Ph: +91-7838604911

Email: [email protected]

Website: https://univdatos.com/

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