Report ID: UCMIG50H2002
Report ID:
UCMIG50H2002 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market size of online event ticketing was USD 54.26 billion in 2019 and is estimated to have a compound annual growth rate (CAGR) of 4.3% during the projected period. The growth of the market is attributed to the increase in Internet usage and the rise of mobile applications for online booking of event tickets for movies, sports, and live events. In the Asia Pacific region, consumers are willing to pay additional internet handling charges to avoid long queues. The market growth is also driven by the effective promotional and advertising strategies of online ticketing services.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Movies & Entertainment by segment aggregation, the contribution of the Movies & Entertainment in Media & Entertainment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG50H2002