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Digital Ticketing Market Is Expected To Reach A Valuation Of US$ 53.7 Billion By 2033

03-01-2024 08:08 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Digital Ticketing Market Is Expected To Reach A Valuation Of US$

A recent market analysis report from Fact.MR unveils the global digital ticketing market's performance in 2022, indicating sales reaching US$ 24.3 Billion. Projections suggest a 7.6% growth from 2023 to 2033, anticipating a market valuation of US$ 53.7 Billion by the end of the forecast period.

The surge in e-commerce and mobile payment platforms has greatly facilitated secure transactions, including digital ticket purchases. Key players such as Amazon, Alibaba, and Grab have expanded their digital payment services, simplifying the process for consumers to acquire digital tickets through their platforms.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

Strategic collaborations among ticketing platforms, event organizers, and related industry entities have yielded more comprehensive and efficient ticketing experiences. Partnerships between platforms like Eventbrite, Ticketmaster, and prominent event discovery hubs such as Facebook Events and Spotify allow users to seamlessly discover, purchase, and manage tickets from a single platform.

The widespread adoption of mobile payment platforms like Apple Pay, Google Pay, and digital wallets offered by banks and fintech firms has further facilitated seamless and contactless transactions, including digital ticket purchases. A global survey by MasterCard revealed that 79% of respondents are now embracing contactless payments, citing concerns for safety and hygiene as driving factors.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐“๐ซ๐ž๐ง๐๐ฌ:

Increased Digitization: The ongoing digitization across various industries, including entertainment, sports, transportation, and events, has led to a significant shift towards digital ticketing solutions. Consumers increasingly prefer the convenience and efficiency of digital tickets over traditional paper-based methods.

Rise of E-commerce and Mobile Payment Platforms: The proliferation of e-commerce platforms and mobile payment solutions has made it easier for consumers to purchase tickets digitally. Companies like Amazon, Alibaba, and Grab expanding their digital payment services have further accelerated the adoption of digital ticketing.

Enhanced User Experience: Digital ticketing platforms continually strive to improve user experience by offering seamless and intuitive interfaces for ticket discovery, purchase, and management. Integration with popular event discovery platforms, social media channels, and digital wallets ensures a convenient and hassle-free ticketing experience for users.

Partnerships and Collaborations: Collaborations between ticketing platforms, event organizers, venue operators, and other industry stakeholders have led to more comprehensive and streamlined ticketing solutions. Partnerships enable seamless integration of ticketing services with event promotion, marketing, and customer engagement initiatives.

Mobile Ticketing Adoption: The increasing adoption of smartphones and mobile devices has fueled the growth of mobile ticketing solutions. Mobile ticketing offers greater convenience, flexibility, and accessibility for consumers, enabling them to access and manage their tickets on-the-go.

Contactless Payments and Safety Concerns: The COVID-19 pandemic has accelerated the adoption of contactless payment methods, including digital ticketing, due to safety and hygiene concerns. Contactless ticketing options minimize physical contact and reduce the risk of virus transmission, driving the demand for digital ticketing solutions.

Technological Advancements: Technological innovations such as blockchain, NFC (Near Field Communication), and QR code scanning have further enhanced the capabilities and security of digital ticketing platforms. These advancements enable secure ticket validation, fraud prevention, and real-time ticket tracking, contributing to the growth of the market.

๐Š๐ž๐ฒ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐

โ€ข Live Nation Entertainment
โ€ข Alibaba Group
โ€ข Anschutz Entertainment Group (AEG)
โ€ข Booking Holdings Inc.
โ€ข Viagogo
โ€ข Expedia Group
โ€ข Group
โ€ข Cinemark Holding Inc.
โ€ข Vivendi
โ€ข CTS Eventim
โ€ข Paytm
โ€ข Vivid Seats Inc.
โ€ข Eventbrite
โ€ข Fandango Inc.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

โ€ข In April 2023, Eventbrite, a US-based platform for ticketing, marketing, and experiences, announced a hiring drive for its India development office in response to the growing number of software layoffs. The plan is to increase the size of its events platform, which in 2022 handled more than 280 million ticket transactions for more than five million live shows in almost 180 nations globally.
โ€ข In April 2023, with the arrival of Ticketmaster in Brazil and Peru, the world's massive provider of live event tickets, Ticketmaster, continues its strategic development in Latin America. With a significant presence in the region, Ticketmaster recently expanded its services and advanced technologies to Chile, Mexico, and Argentina.
โ€ข In August 2022, SeatGeek announced that it has raised $238 million as part of a Series E fundraising round, which was headed by seasoned investor Accel and included participation from Ryan Smith, Wellington Management, and Arctos Sports Partners. With this fundraising, the company had ambitious goals for the future and was approaching corporate expansion with added precision, care, and a view toward long-term success.
โ€ข In November 2022, in order to improve the fan experience at America First Field, Real Salt Lake, and SeatGeek announced a brand-new and exciting partnership. With this strategic partnership, SeatGeek will serve as the club's official ticket supplier at the beginning of the 2023 Major League Soccer season.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐“๐ข๐œ๐ค๐ž๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ

โ€ข By Vertical :
o Entertainment
๏‚ง Movie
๏‚ง Theatre
๏‚ง Concert
๏‚ง Sports
๏‚ง Music Events
o Transportation
๏‚ง Daily Commute (Metro)
๏‚ง Flight Tickets
๏‚ง Other (long distance train)
o Parking

โ€ข By Frequency :
o One time
o Recurring

โ€ข By Controller :
o Host
o Third Party Ticketing Agency

โ€ข By Region:
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž:

๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

Smart Ticketing Solution Market:

Mobile Ticketing Market:

Transportation Management System Market:

US Sales Office :
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United States
Tel: +1 (628) 251-1583

๐€๐›๐จ๐ฎ๐ญ ๐…๐š๐œ๐ญ.๐Œ๐‘
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