Ticket Market Analysis: Market Growth, Share, and Size
Ticket Market Overview
The size of the global ticket market is expected to increase by USD 37.86 billion between 2020-2024, accelerating at a CAGR of 5% during the forecast period. This growth in market size will be attributed to the growing popularity of digital movie screens, increasing interest in sports events, and rising disposable income. Our latest ticket market analysis highlights that increased interest in sporting events such as the Olympic games, FIFA World Cup, Super Bowl, ICC Cricket World Cup, and IPL, has resulted in an increase for overall ticket sales. Sports events such as the UEFA Champions League, the Rugby World Cup, Formula 1, and Wimbledon are followed by millions of people and are also contributing to the global increase in ticket sales.
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Secondary tickets are one of the largest segments within the global ticket market. Secondary tickets are also referred to as ticket resale and are the act of reselling tickets on platforms such as StubHub or TickPick for admission to any event. Between 2017-2022, the global secondary ticket market is expected to grow at a CAGR of 13% during the forecast period, owing to the growth in sporting events and live concerts. Additionally, the rising adoption of mobile devices is encouraging market participants to develop mobile applications that offer ease of access and use to customers.
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Ticket Market Insights
- The increased utilization of mobile apps will be one of the major factors driving the growth of the secondary tickets market. With the global mobile apps market growing extensively, many service providers are developing their mobile applications to offer the ease of access and use to the customers.
- The rising popularity of Hollywood movies and the growing popularity of analyzing consumer behavior through mobile ticketing applications are some of the emerging trends expected to impact the global ticket market through 2022.
- The popularity of digital movie screens is growing, as these screens provide viewers with a high-quality audio-visual experience. Digital movie screens enrich the experience of watching 3D movies and movies with graphic-rich content, which will aid ticket market growth over the next four years.
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Ticket Market Share and Segmentation
Within our ticket market research, we provide deep insights into the ticket market landscape, its segments, and their market share. Our research experts segment the ticket market by source, platform, and type of event.
By event type, the sporting event segment accounts for the largest market share holding a lead over concerts, movies, and performing arts events. The growth of this segment can be attributed to a rise in the number of sports viewers and the growth of the sports betting market.
Our ticket market segmentation research offerings include:
- Ticket Market by Source
- Primary ticket market
- Secondary ticket market
- Ticket Market by Platform
- Online ticket market
- Desktop ticket market
- Mobile ticket market
- Offline ticket market
- Online ticket market
- Ticket Market by Event
- Sporting event ticket market
- Live events/Concerts ticket market
- Theatres ticket market
- Movies ticket market
- Performing arts event ticket market
We at Technavio, with our comprehensive understanding of the ticket market, have been monitoring the latest industry trends and developments to create an in-depth portfolio market research reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Our ticket market analysis reports offer the following insights:
- Ticket market share
- Ticket market size
- Ticket market size in us
- Ticket market forecast
- Ticket market growth
- Ticket market vendor landscape
- Ticket industry statistics
