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Future of the Online Event Ticketing Market: Strategic Analysis and Forecast to 2034
Online Event Ticketing
Online Event Ticketing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the online event ticketing market has progressively expanded in recent times. It is projected to increase from $50.97 billion in 2024 to $53.43 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.8%. Factors that facilitated the growth in the historical period include the ubiquity of the internet, widespread smartphone use, acceptance of digital payments, variety of events, and the impact of social media.
Online Event Ticketing Market Size Forecast: What's the Projected Valuation by 2029?
The digital event ticketing sector is predicted to undergo significant expansion in the upcoming years, swelling to a worth of $69.25 billion by 2029, at a compound annual growth percent of 6.7%. The projected development during this period largely stems from factors such as personalized suggestions, both virtual and hybrid events, improved tools for customer engagement, focus on sustainability, and government regulations concerning online transactions. Key trends during this period are likely to include ticketing through contactless and mobile means, dynamic pricing tactics, increased security measures, models based on subscriptions and augmentation with augmented reality (AR).
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What Are the Drivers Transforming the Online Event Ticketing Market?
The growth of the online event ticketing market is set to be propelled by the rising number of live entertainment events. Live entertainment events are those involving music performances before a live audience. By providing event organizers with data on attendees and streamlining the reservation process, an online event ticketing system enhances the efficiency of such live events. Take, for example, Live Nation Entertainment, a concert management firm based in the US, which hosted 12,500 events in just the second quarter of 2022, marking an increase of 2500 shows compared to the entirety of 2019. The number of attendees at these shows also surged to 33.5 million, up 20% from 27 million in 2019. Furthermore, ticket sales reached 100 million by July 2022, a significant jump from the 74 million recorded in 2019, evidencing that the rising number of live entertainment events is boosting the online event ticketing market's growth.
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What Long-Term Trends Will Define the Future of the Online Event Ticketing Market?
Innovations in products are becoming a prominent trend in the online ticketing market for events. Dominant companies in this industry, like TicketMint, are launching unique products such as the TicketMint Ticketing System to maintain their market share. TicketMint, a company from the US specializing in online event tickets, rolled out the TicketMint Ticketing System in November 2022. This system, the first of its kind, is a counterfeit-free ticketing solution. The system employs Blockchain technology, enabling event planners to issue tickets that are uniquely numbered and timestamped, assisting artists in avoiding fake and duplicated tickets.
Which Segments in the Online Event Ticketing Market Offer the Most Profit Potential?
The online event ticketing market covered in this report is segmented -
1) By Type: Sports, Music And Other Live Shows, Fair And Festival, Conferences, Food And Drink Events, Other Types
2) By Platform: Desktop, Mobile
3) By Application: Hotel And Restaurants, Clubs, Schools And Colleges, Theaters, Other Applications
Subsegments:
1) By Sports: Professional Sports Events, Amateur Sports Events
2) By Music And Other Live Shows: Concerts, Theater Performances, Comedy Shows
3) By Fair And Festival: Cultural Festivals, Trade Fairs
4) By Conferences: Corporate Conferences, Educational Conferences
5) By Food And Drink Events: Wine Tastings, Food Festivals
6) By Other Types: Art Exhibitions, Workshops And Seminars
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Which Firms Dominate the Online Event Ticketing Market by Market Share and Revenue in 2025?
Major companies operating in the online event ticketing market include Anschutz Entertainment Group, Atom Tickets LLC, Cvent Inc., Eventbee Inc., Cinemark Holdings Inc., Eventzilla Corporation, Fandango Media LLC, Eventbrite Inc., Moshtix Pty Ltd., StubHub Inc., Ticketek Pty Ltd., Live Nation Inc., Viagogo Entertainment Inc., Ticketmaster, Eventbrite, StubHub, AXS, Ticketek, Fandango, SeatGeek, Brown Paper Tickets, Songkick, See Tickets, Ticketweb LLC, Ticketmaster, Ticket Tailor, Tixr, Purplepass, Front Gate Tickets, TicketIQ, Gametime, BookMyShow, Eventim, TicketSource, BigTickets, iTickets, Tickeri, ThunderTix, Ticketbooth, TicketPeak
Which Regions Offer the Highest Growth Potential in the Online Event Ticketing Market?
North America was the largest region in the online event ticketing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the online event ticketing market report during the forecast period. The regions covered in the online event ticketing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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