Online Event Ticketing Market Booming Worldwide with Latest Trend and Future Scope by 2031

The global online event ticketing market is anticipated to grow at a considerable CAGR of 4.2% during the forecast period (2024-2031). The global online event ticketing market is expected to expand as the number of live music performances by musician's increases. With the global decline in recorded music sales in recent years, musicians and artists have become increasingly reliant on live music performances for a living. This has resulted in a flurry of music concerts and music events all around the world. The high demand for music events among the youth population is boosting the music event market's sales globally. The online event ticketing market has a significant portion of the music events segment, which includes sales for all music-related events like concerts, festivals, musicals, music shows, and operas. Pop music is immensely popular among teens. According to the International Federation of the Phonographic Industry's (IFPI) Music Consumer Insight 2018, around 64.0% of the global population listens to pop music.

Concerts and festivals are the main source of revenue for online ticket sellers due to the development of aspiring musicians, music talent shows, and music streaming services for performers. Customers continue to pay more, as seen by the ongoing price increases brought on by the widespread usage of false and duplicate tickets. Additionally, the performances of local and foreign singers at music events draw in the younger generation who are passionate about music. For instance, in 2022, Glastonbury Festival the biggest live music event in Europe started, for the first time since 2019. There were 200,000 people on site in Somerset, in the west of England, watching thousands of performances across 93 different stages, including headliners Billie Eilish, Kendrick Lamar, and Diana Ross were in the highly prized Sunday afternoon 'legends' slot. The festival has developed into a national and international institution, as much a part of the traditional British summer as Wimbledon. And it is also a musical juggernaut, attracting the big names from every genre and capable of making or breaking new artists in a single set. Such events have huge price for tickets due to famous artist performing in it and mostly tickets are bought by customer via an online platform. Moreover, the increased penetration of internet globally and trend of using mobile applications for booking live events, concerts, and other music shows has driven the sale of tickets through online platforms at a considerable rate.

To Request a Sample of our Report on Online Event Ticketing Market:  https://www.omrglobal.com/request-sample/online-event-ticketing-market

Market Coverage

•                 The market number available for - 2023-2031

•                 Base year- 2023

•                 Forecast period- 2024-2031

Segment Covered- 

·                  By Platform

·                  By Event Type 

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

•                 Competitive Landscape- includes Bigtree Entertainment Pvt.Ltd., Atom Tickets LLC, and Cinemark Holding Inc., among others.

Online Event Ticketing Market Report Segment

By Platform

•                 Desktop

•                 Mobile

By Event Type 

•                 Sports

•                 Music & Live Shows

•                 Movies 

A full Report of Online Event Ticketing Market is Available @  https://www.omrglobal.com/industry-reports/online-event-ticketing-market

Online Event Ticketing Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 Anschutz Entertainment Group, Inc

•                 Cinemark Holdings, Inc.

•                 Cineplex Inc.

•                 Eventbrite

•                 Fandango Inc.

•                 KyaZoonga, Inc.

•                 LIVE NATION WORLDWIDE, INC.

•                 SeatGeek

•                 StubHub

•                 Ticketek Pty Ltd

•                 Ticketmaster Entertainment LLC

•                 Ticketsauce

•                 TickPick LLC

•                 Viagogo Entertainment Inc.

•                 Yapsody LLC.

Reasons to buy from us -

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/online-event-ticketing-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.