Press release
Surge In Live Entertainment Events Fuels Growth In Online Event Ticketing Market: Strategic Insights Driving Online Event Ticketing Market Momentum in 2025
Online Event Ticketing Market
How Large Will the Online Event Ticketing Market Size By 2025?
The growth of the online event ticketing market has been consistent over the past few years. The market, which is projected to rise from $50.97 billion in 2024 to $53.04 billion in 2025, suggests a compound annual growth rate (CAGR) of 4.1%. Factors such as increased internet accessibility, widespread use of smartphones, adoption of digital payment methods, diversification of events, and the impact of social media have contributed to this historical growth pattern.
How Big Is the Online Event Ticketing Market Size Expected to Grow by 2029?
The digital event ticketing sector is projected to experience significant expansion in the coming years, with market size reaching $67.89 billion in 2029 and a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this growth during the forecast period include customized suggestions, blended and virtual events, advanced client engagement strategies, focus on environmental sustainability, and government policies on online transactions. Important emerging trends during this period are touch-free and mobile ticketing, fluctuating pricing strategies, improved security protocols, subscription-oriented models, and the incorporation of augmented reality (AR).
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Which Key Market Drivers Powering Online Event Ticketing Market Expansion and Growth?
The growth of the online event ticketing market is expected to be fueled by the escalating numbers of live entertainment events. These are musical performances that transpire in front of a real audience. An online event ticketing system, which enables attendees to register and provides event organizers with visitor data, helps make the reservation process for live events more streamlined and effective. For example, in the second quarter of 2022 alone, Live Nation Entertainment, a concert management firm based in the US, orchestrated 12,500 events, which is 2,500 more shows than what they hosted in the entire 2019. The attendance for these shows reached 33.5 million, a 20% surge when compared with 27 million in 2019. In July 2022 alone, 100 million tickets were sold compared to only 74 million in 2019. Therefore, the rising number of live entertainment events is a crucial factor propelling the growth of the online event ticketing market.
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Which Fast-Growing Trends Are Poised to Disrupt the Online Event Ticketing Market?
Innovation in product offerings is emerging as a significant trend in the online event ticketing market. To maintain their market standing, key firms in this domain are launching groundbreaking products like the TicketMint Ticketing System. For example, in November 2022, TicketMint, a leading online ticketing firm in the US, rolled out the TicketMint Ticketing System. It is the first of its kind in the world, promising a sca*m-free ticketing experience. Employing Blockchain technology, the system allows event organizers to distribute tickets which are individually numbered and time-stamped. This prevents potential issues of ticket forgery and duplication.
What Are the Emerging Segments in the Online Event Ticketing Market?
The online event ticketingmarket 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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Who Are the Global Leaders in the Online Event Ticketing Market?
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 are the Top Profitable Regional Markets for the Online Event Ticketing Industry?
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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