Market Overview:
Online Event Ticketing Market Size Was Valued at USD 57.01 Billion in 2022, and is Projected to Reach USD 82.95 Billion by 2030, Growing at a CAGR of 4.80% From 2023-2030.
The development is anticipated to be assisted by the rising popularity of smartphone applications and the Internet for purchasing online event tickets for live performances, sporting events, and movies. The market for online event tickets is being stimulated by the willingness of people, particularly in the Asia Pacific area, to pay marginal Internet processing costs rather than wait in long lines. Convenience and inexpensive, simple handling fees for consumers are the main driving forces behind online event ticketing marketplaces. Additionally, the market for online event tickets is benefiting from consumers' increasing use of online promos and hassle-free show booking.
Top Key Players Covered In The Online Event TicketingMarket:
- Brown Paper Tickets (US)
- Cvent Inc (US)
- Eventbee Inc. (US)
- Eventbrite Inc. (US)
- Eventzilla (UK)
- moshtix Pty Ltd (Australia)
- Razorgator LLC (US)
- StubHub Inc. (US)
- Northampton Saints (UK)
- Ticketek Pty Ltd (Australia), and Other Major Players.
Market Dynamics and Factors:
In the past few decades, the market has undergone significant change, supported by several reasons including an increasing emphasis on paperless transactions and rising disposable incomes. Growth is anticipated to be impacted by increased Internet usage and the rising popularity of smartphone applications for purchasing movies, sports, and live event tickets online. It is anticipated that rising consumer disposable income, particularly in emerging markets, will significantly add to market growth. As a result, the market demand for online event ticketing has grown, driving the market growth during the forecast period. This is due to rising disposable income and public awareness.
Due to the cumulatively harmful effects of pollution on the ecology, governments all over the world are concentrating on reducing environmental pollution and deforestation. Order to reduce the use of paper and save trees has compelled governments all over the world to encourage digital transactions. Many banking organizations and telecom service providers use online platforms for financial transactions. The ability to create electronic tickets and disseminate them via emails or text messages will be supported by the rising popularity of paperless transactions. Due to the increasing popularity of the internet, many companies have diligently developed cutting-edge customer interaction strategies.
Online Event Ticketing Market Report Highlight:
- By Event Type, the Sports segment is anticipated to lead the growth of the Online Event Ticketing market in the forecasted timeframe. Online ticket purchases for sporting events have increased as a result of rising sports viewership. There is a huge supporter base for major sporting events like the National Football League (NFL), the FIFA World Cup, the Olympics, the ICC Cricket World Cup, and the Premier League (PL).
- By Platform, the Mobile segment is expected to have the highest share of the Online Event Ticketing market over the projected period. Since the cost of Internet packs has decreased and more people are utilizing high-speed 3G and 4G connectivity, mobile devices have become more and more common as the go-to method for buying tickets. Comparing mobile booking to conventional online booking through computers, the former is seen as being easier.
- The North American region is expected to have the highest share of the Online Event Ticketing market over the projected period. Owing to higher per capita income and increased Internet usage in nations like the United States and Canada. Due to the customer convenience and accessibility connected with movie ticket purchases, mobile movie ticketing services are anticipated to become a significant revenue-generating sector over the course of the forecast period in North America.
Key Industry Development:
- In November 2023, Ticketmaster Acquired Seat Geek, a major competitor in the ticketing market. This move consolidates Ticketmaster's position as the industry leader and raises concerns about potential market dominance.
- In October 2023, Eventbrite Launched "Eventbrite Boost," a suite of marketing tools designed to help event organizers reach a wider audience and sell more tickets. This initiative demonstrates Eventbrite's commitment to supporting event organizers beyond just providing a ticketing platform.
Online Event Ticketing Market Segmentation:
By Event Type
- Movie
- Sport
- Live Show
- Stand-up comedy
- Live concerts
- Drama
- Other shows
By Platform
- Desktop
- Mobile
For this report, Introspective Market Research has segmented the Online Event Ticketing Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
