Ticket Market to grow by USD 201.02 billion from 2022 to 2027, the market is fragmented due to the presence of prominent companies like AMC Entertainment Holdings Inc., Anschutz Entertainment Group Inc. and Cinemark Holdings Inc. – Technavio

NEW YORK, Sept. 8, 2023 /PRNewswire/ — The ticket market is estimated to grow by USD 201.02 billion from 2022 to 2027, declining at a CAGR of 19.82%. The ticket market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer ticket market are AMC Entertainment Holdings Inc., Anschutz Entertainment Group Inc., Cinemark Holdings Inc., Citizen Ticket Ltd., Coast To Coast Tickets LLC, Comcast Corp., CTS Eventim AG and Co. KGaA, Cvent Inc., Eventbee Inc., Eventbrite Inc., Ideabud LLC, ITKTS Interactive Technologies Pvt. Ltd., Live Nation Entertainment Inc., Lyte Inc., One97 Communications Ltd., Softjourn Corp., TickPick LLC, Viagogo Entertainment Inc., Big Tree Entertainment Pvt. Ltd., and eBay Inc. The report provides a full list of key companies, their strategies, and the latest developments. Download Sample before buying

Company Offering:

  • AMC Entertainment Holdings Inc. – The company offers online ticketing platforms for cinemas and various other events.
  • Cinemark Holdings Inc – The company offers tickets for cinemas and plays through its website called BookMyShow.
  • For details on companies and their offerings – Buy the report!

By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa. 

  • North America is estimated to contribute 36% to the growth of the global market during the forecast period. The growth of the ticket market in the region is due to the growing popularity of sporting events, such as the Super Bowl, the Daytona 500 (Florida), and the NCAA National Basketball Championship, among many other events. In addition, rising box office receipts are also fueling the growth of the regional market. The US, Mexico, and Canada are the main markets in North America. The US will, by 2022, have the highest share of revenue in the ticketing market in North America. A key factor contributing to the growth of the US market is that there are many exhibition venues in this country. This market is also expected to be supported by increased growth in media, entertainment, and telecommunications; as well as education. Hence, these factors are expected to drive market growth in the region during the forecast period.

Download a sample report to get more insights on the market share of various regions and the contribution of the segments.

  • Impactful driver- Success of movies due to the increasing use of animation
  • Key Trend – High utilization of social media
  • Major Challenges Rising instances of ticket counterfeiting

 Market Segmentation

  • By Type, the market is classified into segments: sporting events, movies, concerts, and performing arts. The growth in market share of the sports events segment will be substantial over the forecast period. Factors such as the growing popularity of sporting events such as football, cricket, rugby, and tennis are driving the growth of this segment. In addition, the growing number of sports leagues at the national and regional levels as well as the growing audience, is another factor driving the growth of this segment. Furthermore, the city will have modern transport infrastructure, such as a light rail system and a water taxi service. Technological advances in music and lighting techniques at live events as well as improvements in infrastructure, increase demand. Hence, these factors are expected to drive segment growth during the forecast period.

Technavio Research experts have provided more insights on the market share of segments – View Sample Report

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Ticket Market Scope

Report Coverage

Details

Historic period

2017-2021

Growth momentum & CAGR

Decelerate at a CAGR of 19.82%

YoY growth 2022-2023 (%)

23.42

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Key countries

US, Canada, China, UK, and Germany

TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Source

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact US:

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

Originally published at https://www.prnewswire.com/news-releases/ticket-market-to-grow-by-usd-201-02-billion-from-2022-to-2027–the-market-is-fragmented-due-to-the-presence-of-prominent-companies-like-amc-entertainment-holdings-inc-anschutz-entertainment-group-inc-and-cinemark-holdings-inc–301921614.html
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