MarketResearchNest.com adds “Global Secondary Tickets Market 2017-2021” new report to its research database. The report spread across 81 pages with table and figures in it.
Research analysts forecast the global secondary tickets market to grow at a CAGR of 12.92% during the period 2017-2021.
About Secondary Tickets
Secondary tickets are the event tickets resold through legal or illegal methods. The events include concerts, theaters, and sporting games. Ticket resale is done with the purpose of earning a higher return. The secondary tickets are resold by both legal and illegal resellers or brokers, who buy bulk tickets at face value or increased value and sell them to buyers when the event date approaches. Sometimes, a reseller can make double the amount of money paid for the ticket; however, they also incur a loss when the demand for the event is less.
Covered in this report
The report covers the present scenario and the growth prospects of the global secondary tickets market for 2017-2021. To calculate the market size, the report considers the revenue generated from the following event types such as sporting events, live events, theaters, and movies.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-secondary-tickets-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Secondary Tickets Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Secondary Tickets Market 2017-2021
Technavio recognizes the following companies as the key players in the global secondary tickets market: RazorGator, StubHub, Ticketmaster Entertainment, and TickPick.
Other Prominent Vendors in the market are: Ace Ticket Worldwide, Alliance Tickets, Coast to Coast Tickets, gotickets.com, Tickets.com, TicketCity, TicketIQ, viagogo, Vivid Seats.
Commenting on the report, an analyst from Research team said: “One trend in the market is analyzing consumer behavior via mobile ticketing apps. Several types of global events are being launched every year. With a global audience, most of the event organizers are selling their tickets online. This gives the event organizers and ticket vendors an opportunity to track the behavior and purchase pattern of an individual.”
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According to the report, one driver in the market is growing affordability for high-priced tickets. In developing countries, the disposable income of people has increased and is in line with the economic growth. This has highly encouraged consumers to spend more on different kinds of leisure activities. Economic recovery worldwide, especially in the US, the UK, Germany, South Korea, China, and Singapore, is driving the global secondary tickets market. With better economic conditions, the income levels of consumers have increased. Therefore, spending on leisure activities has become affordable for a greater proportion of the population.
Further, the report states that one challenge in the market is live streaming of sporting events. Live streaming of sporting events is likely to pose a barrier in the revenue inflow of the overall tickets market. With the growth in the broadband infrastructure, channels telecasting sporting events online are increasing every year. In 2016, sporting events accounted for the highest revenue share of 55.17% in the overall market. However, with the growing number of viewers opting for live streaming, the tickets market has a high possibility to experience challenges in its revenue inflow in the long run.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain