LONDON--(BUSINESS WIRE)--#EventTicketsMarket--The event tickets market is expected to grow by USD 39.87 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.



Request challenges and opportunities influenced by COVID-19 pandemic - Request a Free Sample Report on COVID-19 Impacts

The penetration of 4G and 5G technologies have enabled end-users to access high-speed internet. This is changing consumer preferences and is encouraging the adoption of mobile apps for ticket booking. Popular ticketing apps such as Eventbrite, Ticketbud, Paytm, and Eventbee have registered over a million downloads in various application stores. These apps help users to create, promote, and sell tickets for various events. Besides, some ticketing service providers are launching their own mobile apps to enable users to book tickets conveniently. All these factors are influencing the growth of the global event tickets market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40993

As per Technavio, the high utilization of social media will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Event Tickets Market: High Utilization of Social Media

Vendors in the market are leveraging social media for branding, marketing, broad-based knowledge management initiatives, and ticket selling. Networking platforms such as Facebook, LinkedIn, and Twitter have enabled event organizers to explore new ways of marketing events and movies. These platforms also help them gain feedback and opinions and effectively target their audiences with customized offers. In addition, many ticket vendors are partnering with social media platforms to promote their business. For instance, SeatGeek Inc. (SeatGeek) signed up as a distribution partner with Facebook Inc. The alliance allowed SeatGeek Inc.’s customers to buy tickets directly through Facebook. Such developments are expected to foster the growth of the global event tickets market during the forecast period.

“Integration of analytics with online ticket platforms and the increasing popularity of e-sports tournaments will further boost market growth during the forecast period”, says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 17,000+ market research reports

Technavio's SUBSCRIPTION platform

Event Tickets Market: Segmentation Analysis

This market research report segments the event tickets market by Geographic Landscape (APAC, Europe, MEA, North America, and South America), and Type (Sporting events, Concerts, Performing arts, and Others).

The North American region led the event tickets market in 2019, followed by Europe, APAC, MEA, and South America respectively. During the forecast period, North America is expected to register the highest incremental growth due to the presence of popular musicians, talent shows, and DJs in the region.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/