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The online event ticketing market is expected to register a CAGR of 5.2% during the forecast period (2021 – 2026). Entire process of event ticketing has witnessed a dramatic shift from traditional booking of tickets at event venue counters to purchasing tickets in advance from the comfort of one’s home.
Online ticketing has gained popularity due to proliferations of smartphones and mobile devices, which results in perceived ease and flexibility of the procedure. User-friendly and attractive mobile interfaces are also being developed by service providers, which makes the process of booking tickets easier and faster.
In order to be relevant in the market, vendors secure long term contract with theatres, production houses, sports authorities, and local event organizers in order to ensure sustainability. Promotion of movies, sports tournaments and music concerts on the websites of service providers forms a sizeable portion of their revenue.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Online Event Ticketing Market Report 2021: Shutdown of Venues Due to Spread of COVID-19 Severely Restraining Growth - ResearchAndMarkets.com
February 2, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 2, 2021
The online event ticketing market is expected to register a CAGR of 5.2% during the forecast period (2021 - 2026). Entire process of event ticketing has witnessed a dramatic shift from traditional booking of tickets at event venue counters to purchasing tickets in advance from the comfort of one’s home.
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Online ticketing has gained popularity due to proliferations of smartphones and mobile devices, which results in perceived ease and flexibility of the procedure. User-friendly and attractive mobile interfaces are also being developed by service providers, which makes the process of booking tickets easier and faster.