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The secondary ticket market size will grow by USD 50.14 billion from 2022 to 2027, with key vendors including Ace Ticket LLC., Anschutz Entertainment Group, and Citizen Ticket Ltd

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New York, June 19, 2023 /PRNewswire/—— Secondary Ticketing Market estimated to drop CAGR of 20.96% Between 2022 and 2027.The market size is expected to increase $50.14 billion. North America Estimated accounted for 47% Global market during the forecast period. Analysts at Technavio provide a detailed explanation of the regional trends and drivers influencing the market during the forecast period. North America is expected to hold a major share of the global secondhand ticket market owing to the increasing number of popular musicians, talent shows, sporting events, and bands in the region.In terms of income, the United States and Canada Is a major contributor to the regional secondary ticket market. Furthermore, the US holds the largest share of this market as it is supported by the largest media and entertainment industry in the world. As such, sporting events such as the NBA, MLB, and the Super Bowl are major revenue generators that will continue to proliferate and aid the growth of the global secondary ticket market. Comprehensive details about the market size for historical period (2017-2021) and forecast period (2023-2027)- View sample report

Technavio has published its latest market research report titled

Technavio has published its latest market research report titled “Global Secondary Ticketing Market 2023-2027”

Secondary Ticket Market – Vendor Landscape

The used ticket market is fragmented; suppliers are competing with competitors and trying to gain a larger market share. The market is growing and the opportunity for new entrants cannot be ignored. Key suppliers have well-established economies of scale and market presence, and are often dependent on positioning technological advancements and product prices –The report provides a complete list of key vendors, their strategies and latest developments. buy report

Secondary Ticket Market – Market Dynamics

main driver & challenge-

The growth of online secondary ticketing platforms is significantly driving the market growth. Due to the ease of booking tickets on these platforms, the demand for online secondary ticketing platforms is increasing significantly. Using the online platform to book tickets can improve the efficiency of secondary ticket allocation. These platforms facilitate easy information exchange between buyers and sellers and reduce the time and cost required to obtain each resale ticket. Additional benefits offered on various online platforms to attract customers are expected to spur market growth. Some of the largest vendors in the global online second-hand ticket market have been focusing on strategic partnerships to allow fans to resell or buy second-hand tickets fairly and prevent overpriced tickets from being sold on unauthorized sites. Hence, these factors are likely to drive the growth of the global market over the forecast period.

The growing opposition of artists to the sale of second-hand tickets is the major challenge hindering the growth of the market. Dishonest practices such as ticket grabbing and overpricing have proliferated in global markets. However, most patrons typically pay more than face value for concerts, sporting events, and other types of events. Customers must pay for tickets with a credit card and pick them up at the concert venue, along with providing accurate identification, as some artists have gone paperless for all ticket transactions. These moves protect patrons and patrons from extortionate second-tier ticketing sites and exorbitant pricing. However, such initiatives may hamper the market growth and reduce the overall profitability of various secondary ticketing platforms during the forecast period.

main trend

The use of blockchain for ticketing is an emerging trend impacting the growth of the secondary ticketing market. The event ticketing market faces a number of significant challenges, including Fraud, Robots And Touts. Blockchain can be an effective tool to overcome these problems. For tier 2 ticketing providers, this blockchain technology provides efficient and cost-effective business operations. It makes the ticketing process more transparent and efficient through the entire value chain, from the artist or club to the buyer of the original ticket to the buyer of the resold ticket. Several businesses in the global market are investigating the potential of blockchain technology’s double-spending prevention feature, which can be used to prevent the creation of fake event tickets. Hence, the surge in the use of blockchain in ticketing is likely to reduce fraudulent activities and stimulate market growth for secondary tickets globally during the forecast period.

Technavio has identified key trends, drivers and challenges in the market which will help clients improve their strategies to stay ahead of competitors. – view sample report

Secondary Ticket Market-Company Profile

The Secondary Tickets Market report includes information on product launches, sustainability, and prospects of leading vendors including Ace Ticket LLC, Anschutz Entertainment Group Inc., Citizen Ticket Ltd., Coast To Coast Tickets LLC, CTS Eventim AG, and Co. KGaA, eBay Inc., Eventbee Inc., Eventbrite Inc., Face-value Alliance Ticketing Ltd., Ideabud LLC, Live Nation Entertainment Inc., PrimeSport LLC, SeatGeek Inc., Ticket City Inc., TicketNetwork Inc., TickPick LLC, TiqIQ LLC, Twickets Ltd., Viagogo Entertainment Inc., and Vivid Seats Inc.

Secondary Ticket Market – Competitive Analysis

The report includes competitive analysis, a proprietary tool that analyzes and evaluates a company’s position based on its industry position score and market performance score. The competitive scenario classifies companies based on various performance indicators. Some of the factors considered include the company’s financial performance over the past few years, growth strategy, product innovation, new product launches, investments and market share gains, among others.

Secondary Ticket Market – Market Segmentation

This secondary tickets market report has extensive coverage by type (sports events, concerts, performing arts and movies), booking method (online and offline) and geography (North America, EuropeAsia-Pacific, South Americaand middle East and Africa).

  • Market share growth by Sports Events will be important during the forecast period. The global market is expected to be dominated by the sports events segment during the forecast period owing to the popularity of sports such as rugby, soccer, rugby, cricket, baseball, and tennis. Sporting events such as the Super Bowl, Major League Baseball (MLB), UEFA Champions League and the National Football League (NFL) saw a surge in attendance. Secondary ticket sales are also on the rise as attendance increases and season ticket holders drive sporting events. Also, they buy a subscription for a full season or part of a season, but they may not want to watch every game. By using the secondary ticketing market, such ticket holders are more willing to resell tickets to games and events they do not intend to attend. Hence, it will contribute to the growth of sports events in the global market during the forecast period,

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Secondary ticket market scope

Coverage

detail

base year

2022

historical period

2017-2021

forecast period

2023-2027

Growth Momentum and CAGR

Decelerating at a CAGR of 20.96%

Market Growth 2023-2027

$50.14 billion

market structure

fragmented

Year-on-year growth in 2022-2023 (%)

24.63

Regional Analysis

North America, Europe, Asia Pacific, South America, and Middle East and Africa

Execute Market Contribution

North America 47%

Key countries

US, Canada, China, UK and Germany

competitive landscape

Leading suppliers, market positioning of suppliers, competitive strategies and industry risks

Main company profile

Ace Ticket LLC, Anschutz Entertainment Group Inc., Citizen Ticket Ltd., Coast To Coast Tickets LLC, CTS Eventim AG and Co. KGaA, eBay Inc., Eventbee Inc., Eventbrite Inc., Face-value Alliance Ticketing Ltd., Ideabud LLC, Live Nation Entertainment Inc., PrimeSport LLC, SeatGeek Inc., Ticket City Inc., TicketNetwork Inc., TickPick LLC, TiqIQ LLC, Twickets Ltd., Viagogo Entertainment Inc., and Vivid Seats Inc.

Market Dynamics

Parent Market Analysis, Market Growth Incentives and Barriers, Fast-Growing and Slow-Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis During Forecast Period

Custom permissions

If our reports do not contain the data you are looking for, you can contact our analysts and customize market segments.

Table of contents

1.executive Summary

2 Market Structure

3 Market Size

4 Historical Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Booking Mode

8 Customer Profile

9 geographical landscape

Top 10 drivers, challenges and trends

11 Supplier Profile

12 Supplier Analysis

13 Appendix

about Us

Technavio is a leading global technology research and consulting company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market position. With more than 500 professional analysts, Technavio’s report library includes more than 17,000 reports and statistics covering 800 technologies in 50 countries. Their client base includes businesses 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 position in changing market scenarios.

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