U.S. Online Ticketing Industry Trends and Statistics, 2015 to 2025
by Susan Hill Business Consultant26 March 2019, The U.S. online ticketing market size is
anticipated to reach USD 6.23 billion by 2025 due to increasing penetration of
smartphones and rising disposable income levels. In addition, growing number of
Internet users in the country is likely to have a positive impact on market
growth over the next few years.
Rapidly growing entertainment and
sports industries in the country is bolstering the U.S. online ticketing
market. Furthermore, the industry is projected to benefit from decline in
offline modes of shopping and booking tickets. Shifting consumer preference
from offline to online methods, due to various benefits such as time and cost
saving, is also contributing toward market development.
Growing interest of investors in
mobile application development for improved consumer experience and convenience
is likely to provide many opportunities for the U.S. online ticketing market.
Increased usage of social media platforms is also projected to spur market
development as these platforms enable ticket booking process using integrated
ticket system, making online shopping more convenient and easier. This scenario
is expected to boost market growth in U.S.
The online ticketing industry is
projected to expand at a healthy CAGR owing to major shift from paper tickets
to online ticketing options. The industry is segregated into three main
categories comprising of music concerts and events, sports events, and others.
The others segment, which consists of movies and other recreational activities,
led the overall market owing to rapid growth in the entertainment sector.
Browse Details of
Report @
https://www.hexaresearch.com/research-report/us-online-ticketing-market
Online ticketing platforms offer users
detailed information about locations, most suitable prices, and availability of
seats without any inconvenience. Due to all these advantages, more people are
opting for online ticketing systems, which, in turn, drives growth.
Availability of digital payment options is also playing a crucial role in
market expansion.
Some of the prominent companies
operating in the U.S. online ticketing market are Ticketmaster Entertainment,
Inc.; Live Nation Worldwide, Inc.; StubHub; MovieTickets.com, LLC.; and
Razorgator. These companies are concentrating on various marketing strategies,
e.g. offering additional services, in order to improve sales. For instance,
Movietickets.com allows its customers to discover nearby movie theaters. Live
Nation not only provides online ticketing options but also provides time and
venue details for approaching events organized across the globe.
Hexa Research has segmented the U.S.
online ticketing market report based on types
Segmentation by
type, 2014 - 2025 (USD Billion)
• Music Concerts and Events
• Sports Events
• Others
Key players
analyzed
• Ticketmaster
• Live Nation Worldwide, Inc.
• StubHub
• MovieTickets.com, LLC.
• Razorgator
Browse Related
Category Market Reports @ https://www.hexaresearch.com/research-category/digital-media-industry
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Created on Mar 26th 2019 04:03. Viewed 313 times.