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Global Online event ticketing Market Overview

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vaibhavi vijay latane

The global online event ticketing market was valued at USD 49.53 billion in 2020 and is expected to reach USD 68.55 billion by the year 2025, at a CAGR of 4.80%.

Online event ticketing is an activity that you do to book the tickets for a live or performed show or event on a location. The increasing use of the Internet and smartphone applications to book tickets for movies, sports, and live events are expected to boost the growth. Individuals in the Asia Pacific region, in particular, are willing to pay marginal Internet processing costs to avoid standing in long lines, which is hyping the market.

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The Major key players operating in this industry are Brown Paper Tickets, Cvent Inc, Eventbee Inc., Eventbrite Inc., Eventzilla, moshtix Pty Ltd, Razorgator LLC, StubHub Inc.

The Online event ticketing market is segmented by Event type

  • Movie,
  • Sport,
  • Live Show,
  • Stand-up comedy,
  • live concerts,
  • drama,
  • other shows

by Platform

  • Desktop
  • Mobile

Regions and Countries Level Analysis:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
  • Asia-Pacific (China, India, Japan, Southeast Asia etc.)
  • South America (Brazil, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, South Africa etc.)

 

The major driving factors for the Online event ticketing market is the convenience and cost-to-key easy handling charges for the consumers. Also, the growing usage of online promotions and hassle-free booking of the shows at their own convenience is affecting the market positively.

Rigorous promotional activity on the social media platforms and the extreme presence of people across the globe on social media is a contributing factor for the online event ticketing market. The service providers are collaborating with the sponsors for the music events, live concerts, stand-up comedy, and even the drama that is attracting a large audience on a global scale.   

By the end of 2027, the Online event ticketing market size is estimated to be at USD 71.94 billion. Increasing disposable income in the developing and developed countries and the easy accessibility of the market is the factor that is mushrooming the size of the market. The rapid increase in urbanization and the change in lifestyle of the consumers is expected to boost the revenue of the event management companies in the forecast period.

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