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Global Tickets Market to Grow at a CAGR of 6.3% During the Period 2017-2021; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Ticket Market 2017 - 2021” research report to their website


Lewes, DE -- (SBWIRE) -- 01/26/2017 -- Report forecast the global tickets market to grow at a CAGR of 6.3% during the period 2017-2021.

People buy tickets to attend entertainment events such concerts, sports, movies, and live performances. As the number of events are increasing every year, event managers and organizers are looking for an advanced and upgraded solution to offer maximum comfort and benefit to consumers. Online ticketing, which is one of the major platforms for booking tickets, allows users to book tickets using mobile apps. Customers can choose the event and venue using the app.

Users can book tickets at their convenience and store them on their mobile devices, eliminating the need for taking or carrying a hardcopy to the venue. Furthermore, mobile ticket sales will also support in-app advertising, which is cost effective compared with traditional advertising models.

The report covers the present scenario and the growth prospects of the global tickets market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales tickets for the following entertainment events:
- Sporting events
- Concerts
- Theater
- Movies

The market is divided into the following segments based on geography:
- Americas

According to the report, the global box office market is gaining more prominence than local or regional box office markets because their films cater to the international audience. Hollywood, which is the largest film industry in the world, generated more than 70% of its revenue in 2016 from the international market. The growing importance of the global box office market is encouraging local box offices to create meaningful movies, which is helping them attract more revenue. For instance, Marvel's Avengers: Age of Ultron was one of the highest-grossing Hollywood movies in the history of the South Korean box office market, with collections exceeding $55 million. The growing number of concept movies and innovative themes will likely generate more revenue for the market through movie tickets during the forecast period.

Further, the report states that online screening of live performances and events is a major barrier for the revenue inflow of the global ticket market. With the growth in the entertainment market, more shows such as stand-up comedies, talent shows, and short dramas are expected to be released every year. These shows can have a big or small budget. Big event organizers invest heavily in promoting their shows and events. However, organizers with smaller budgets invest in a calculative way, which sometimes fails to attract viewers and therefore they refrain from buying tickets. Furthermore, the tickets for popular shows by renowned artists are too expensive for some individuals. Viewers prefer watching such shows at home using DVDs or in a downloaded form. This is will likely lead to the emergence of online screening of shows and events, where a viewer will not need to wait for the release of shows and movies in physical forms. The online screening of events and shows is expected to reduce the revenue inflow of the market, and it will pose a threat to the growth of the global ticket market.

Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global tickets market: Cinemark, RazorGator, StubHub, Ticketmaster Entertainment, and TickPick

Other Prominent Vendors in the market are: Bigtree Entertainment, Cineplex, Ace Ticket Worldwide, Alliance Tickets, Brown Paper Tickets, Coast to Coast Tickets, Cvent, Eventbee, Eventbrite, Fandango Media,,, Reliance MediaWorks, ThunderTix, TicketCity, Ticketek,, TicketIQ, viagogo, Vivid Seats, VOX Cinemas, Xing Events, and Yapsody

Market driver
- Growing number of concerts and live performances
- For a full, detailed list, view our report

Market challenge
- Online screening of live performances and events
- For a full, detailed list, view our report

Market trend
- Analysing consumer behavior through mobile ticketing apps
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 36 Exhibits "Global Ticket Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Five forces analysis, Market segmentation by event type, Market segmentation by source, Market segmentation by platform, Market segmentation by geography, Key leading countries, Market Driver, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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