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At 5.05% CAGR, Global Online Event Ticketing Market to Surpass US$ 112.74 Bn By 2030, Forecast Report By Zion Market Research

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A Zion Market Research report projects that the global online event ticketing market will reach a value of USD 112.74 billion by the end of 2030, from an anticipated USD 76.14 billion in 2022. The market is expected to grow at a CAGR of 5.05% during the projection period. Over the course of the anticipated year, the report looks at the variables that will drive growth, obstruct it, and impact demand in the global online event ticketing market. It will also facilitate the investigation and navigation of the new opportunities in the online event ticketing industry.

Global Online Event Ticketing Market: Overview

An online event ticketing system is a unique platform that allows ticket suppliers to sell tickets online. The goal of this software is to act as a one-stop shop for booking tickets on smart devices.

Both buyers and sellers have profited from the online ticketing system, which has reduced their workload. It enabled management, sales, marketing, and support personnel to work together more effectively and start the processes required to provide a faultless customer experience.

The online ticketing system’s vendors can keep an eye on sales and data thanks to features like real-time analytics.

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Global Online Event Ticketing Market: Growth Factors

It is anticipated that the online event ticket industry will expand at a steady compound annual growth rate. The market has expanded due to the growth of smart device usage and the expansion of internet services.

The changing lives of the customers had a significant impact on their tastes. These days, industry expansion has been aided by consumers’ changing tastes, such as selecting online tickets over in-person lineups when feasible.

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Global Online Event Ticketing Market: Segmentation

The platform, event type, and geographical segments of the worldwide online market are separated.

The market is divided into desktop and smartphone categories based on platform.

The CAGR for tickets bought via a smartphone had increased significantly.

The smartphone market has been helped by a rise in the use of handsets with high-speed 3G and 4G surfing networks and reasonably priced internet services.

The primary factor driving the growth of the smartphone market sector is the convenience of using smartphones to book tickets online at any time and from any location.

The service providers are concentrating more on enhancing the mobile user experience due to the rise in smartphone usage.

The market is divided into two sections based on events: music and movies, stand-up comedy, opera plays, and so on.

Increasing the audience’s level of interest

Global Online Event Ticketing Market: Regional analysis

In the global online event ticketing market, North America has the biggest market share.

The market for online tickets is boosted by developed nations like Canada’s high per capita income and strong internet service penetration rates.

In the upcoming years, the US is expected to grow at a rapid pace.

Preferential seating and advance reservations in developing nations such as India have seen a notable upsurge in the Asia Pacific online event ticketing business.