LONDON–(BUSINESS WIRE)–Technavio has been monitoring the secondary tickets market and it is poised to grow by USD 6.96 billion during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- Based on segmentation by event type, which is the leading segment in the market?
- The sports events are expected to be the leading segment based on event type in the global market during the forecast period.
- What are the major trends in the market?
- Use of blockchain for ticketing is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 9%, the incremental growth of the market is anticipated to grow by USD 6.96 billion.
- Who are the top players in the market?
- Coast To Coast Tickets LLC, eBay Inc., Ideabud Inc., Live Nation Entertainment Inc., SeatGeek Inc., Ticket City Inc., TickPick LLC, TiqIQ LLC, viagogo AG, and Vivid Seats LLC. are some of the major market participants.
- What are the key market drivers?
- Growth in online secondary ticketing platforms is one of the major factors driving the market.
- How big is the North America market?
- The North America region will contribute 41% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Coast To Coast Tickets LLC, eBay Inc., Ideabud Inc., Live Nation Entertainment Inc., SeatGeek Inc., Ticket City Inc., TickPick LLC, TiqIQ LLC, viagogo AG, and Vivid Seats LLC are some of the major market participants. The growth in online secondary ticketing platforms will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Secondary Tickets Market 2020-2024: Segmentation
Secondary Tickets Market is segmented as below:
- Sports Events
- Performing Arts
- North America
- South America
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Secondary Tickets Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The secondary tickets market report covers the following areas:
- Secondary Tickets Market Size
- Secondary Tickets Market Trends
- Secondary Tickets Market Analysis
This study identifies use of blockchain for ticketing as one of the prime reasons driving the secondary tickets market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Secondary Tickets Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist secondary tickets market growth during the next five years
- Estimation of the secondary tickets market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the secondary tickets market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of secondary tickets market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value Chain Analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: CUSTOMER LANDSCAPE
PART 07: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 08: MARKET SEGMENTATION BY EVENT TYPE
- Market segmentation by event type
- Comparison by event type
- Sports events – Market size and forecast 2019-2024
- Concerts – Market size and forecast 2019-2024
- Performing arts – Market size and forecast 2019-2024
- Movies – Market size and forecast 2019-2024
- Market opportunity by event type
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Adoption of dynamic pricing
- Use of blockchain for ticketing
- Increasing implementation of verified fan schemes
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Coast To Coast Tickets LLC
- eBay Inc.
- Ideabud Inc.
- Live Nation Entertainment Inc.
- SeatGeek Inc.
- Ticket City Inc.
- TickPick LLC
- TiqIQ LLC
- viagogo AG
- Vivid Seats LLC
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE 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.