Online Event Ticketing Market Size, Share & Trends Report

Online Event Ticketing Market Size, Share & Trends Analysis Report By Platform (Desktop, Mobile), By Event Type (Sports, Music & Other Live Shows, Movies), By Region, And Segment Forecasts, 2018 - 2025

  • Published Date: May, 2018
  • Base Year for Estimate: 2017
  • Report ID: GVR-2-68038-173-3
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 120

Industry Insights

The online event ticketing market size was valued at USD 46.59 billion in 2017 and is expected to grow at a CAGR of 4.8% during the forecast period. Increased proliferation of the Internet and growing trend of using mobile applications for booking movie, sports, and live event tickets online are expected to impact growth. Customers, particularly in Asia Pacific, have exhibited willingness to pay marginal Internet handling charges in order to avoid standing in long queues, which has positively shaped the market.

U.S. online event ticketing market

Rigorous promotion and advertising activities undertaken by online ticketing services play a pivotal role in increasing sale of tickets through their channels. Ease associated with purchasing tickets through Internet-enabled smartphones and tablets has completely changed the dynamics of ticketing services. Prominent services providers are increasingly developing user-friendly apps for Android and iOS to facilitate hassle-free ticket purchases.

Rising consumer disposable income, especially in emerging countries, is expected to considerably contribute to market growth. This, in turn, is increasing discretionary spending on entertainment and leisure services. Movies, music concerts, sports events, and stand-up comedy can be considered the backbone of the entertainment industry.

Various technological advancements have changed the way consumers buy services and products. Several companies have started using the Internet for cutting marketing costs to stay ahead in a highly competitive market. Customers can compare prices, service features, and after-sale service facilities, further boosting adoption. Rapid growth of Internet users across the globe has provided bright prospects for e-marketers.

Service providers offer various deals and discounts along with special incentives such as pre-sales and additional discounts. They are re-designing their websites and developing mobile applications and enhanced online event ticketing software to offer user-friendly booking experience. Additionally, offering seating preference to viewers, providing mobile tickets in the form of a barcode, and portraying a view of the screen/stage/ground from viewers’ preferred seat are some of the features offered to enhance customer experience and their position in the market.

Vendors are also focusing on providing combination deals to patrons. For instance, they offer food at highly discounted prices at event location in a bid to remain competitive. They also focus on forming tie-ups with banks and mobile wallet providers to lure customers into buying tickets from their portals.

Platform Insights

Ticket purchases through smartphones and tablets are expected to witness a CAGR of over 7.0% over the course of the forecast period. Mobile devices have gained popularity as the preferred device for purchasing tickets, which can be largely attributed to declining prices of Internet packs, coupled with growing penetration of high-speed 3G and 4G connectivity among masses. Mobile booking is perceived as a simpler task compared to traditional online booking via computers. Software developers are coming up with user-friendly interfaces and frequent updates to enhance user experience.

A significantly higher number of theaters and exhibitors have started accepting m-tickets and e-tickets to prevent wastage of paper. These tickets are equipped with barcodes or QR codes, which are scanned by attendants to ensure authenticity. Many service providers offer loyalty programs to users to retain them for a longer period through their mobile platforms as well.

The increasing trend of using the Internet for bookings and reservations is expected to significantly bolster the market. The overall process has become easy, reliable, quick, and safe. Furthermore, the hassle-free process of online booking and transaction increases convenience for both consumers and service providers. Such services save time and are a cost-effective way of buying movie and event tickets.

Event Type Insights

Key events covered under the scope of the online event ticketing market include movies, sports, music concerts, stand-up comedy shows, theater, dance, and opera shows. Increasing viewership of sports has consequently boosted online ticket sales for sporting events. Prominent sports events such as the National Football League (NFL), the FIFA World Cup, the Olympics Games, ICC Cricket World Cup, and the Premier League (PL) have a massive fan following.

China online event ticketing market

There is intense competition among online ticket providers to secure the rights for selling these tickets from concerned parent bodies. Sports events contributed to over 30.0% of the overall online ticket sales in 2016 and the segment is expected to retain its position as a key revenue generator.

The movie ticketing segment is also characterized by a high degree of competition among service providers. In U.S., for instance, Fandango, Movietickets.com, and Atom vie to secure the largest customer base by establishing tie-ups with leading cinema halls and offering attractive discounts to customers. Movie tickets purchased through online platforms are expected to witness a CAGR of 7.6% over the forecast period.

Regional Insights

North America is estimated to account for the largest market share over the forecast period, due to higher per capita income and increased proliferation of the Internet in countries such as U.S. and Canada. Mobile movie ticketing services are expected to emerge as a key revenue-generating segment over the forecast period in North America, due to consumer convenience and accessibility associated with purchase of movie tickets.

U.S. is estimated to witness significant growth over the next few years due to greater presence of tech-savvy population in the country with growing disposable incomes. Moreover, Hollywood is a highly-touted entertainment industry in U.S., due to which there is higher demand for convenient modes of purchasing tickets. This has elevated the demand for online ticketing in the country.

India is a lucrative market for movie-ticketing service providers as new movie releases result in long queues at theaters for advanced bookings. While offering preferred seating choices to patrons is usually an optional service for providers in U.S., it is a basic necessity in markets such as India and China. BookMyShow, a prominent player in India, reportedly carries out over 35,000 transactions in a day and sells over 95,000 tickets in the country.

MEA is anticipated to witness considerable growth over the forecast period. Rapid adoption of smartphones and tablets in countries such as Qatar, Turkey, and UAE is anticipated to drive market growth. The 2022 FIFA World Cup is scheduled to be staged in Qatar; this is likely to provide an impetus to service providers in the country.

Online Event Ticketing Market Share Insights

Key companies in the industry are forming partnerships with financial institutions, such as digital wallet service providers and banks, for providing additional offers to customers, thereby leading to increased traffic and financial transactions on websites. Leading companies operating in the marketplace include Razorgato; StubHub; Ticketmaster; Tickpick; Fandango; AOL Inc.; Atom Tickets LLC; Fandango; Movietickets.com; Big Cinemas; Cinemark Holdings Inc.; BookMyShow.com; Vue Entertainment; Mtime; and Kyazoonga.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 to 2016

Forecast period

2018 - 2025

Market representation

Revenue in USD Million and CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Middle East & Africa (MEA), Latin America

Country scope

U.S., Canada, Germany, U.K., China, Japan, India, Mexico, and Brazil

Report coverage

Revenue forecasts, company market share, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global online event ticketing market report on the basis of platform, event type, and region.

  • Platform Outlook (USD Million, 2014 - 2025)

    • Desktop

    • Mobile

  • Event Type Outlook (USD Million, 2014 - 2025)

    • Sports

    • Music & Other Live Shows

    • Movies

  • Regional Outlook (USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

    • Asia Pacific

      • China

      • Japan

      • India

    • Middle East & Africa

    • Latin America

      • Mexico

      • Brazil

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