Dublin, Jan. 07, 2025 (GLOBE NEWSWIRE) — The “Secondary Tickets Market by Type, Pricing Model, Application – Global Forecast 2025-2030” report has been added to ResearchAndMarkets.com’s offering.
The Secondary Tickets Market grew from USD 41.48 billion in 2023 to USD 44.98 billion in 2024. It is expected to continue growing at a CAGR of 8.66%, reaching USD 74.21 billion by 2030.
Market insights reveal that growth is primarily driven by increasing internet penetration, the proliferation of smartphones, and consumers’ growing comfort with online transactions. However, challenges such as the lack of regulatory frameworks in certain regions, counterfeit ticket sales, and inflated pricing due to scalping could restrict market advancement. Furthermore, global events like the COVID-19 pandemic have disrupted live events schedules and affected ticket sales.
Opportunities emerge from the increasing trend of digitalization offering enhanced value through improved customer experience and personalized recommendations. Machine learning and artificial intelligence can optimize pricing strategies and increase customer engagement. Innovations could focus on enhancing security features, such as blockchain technology, to ensure ticket authenticity and transparency in transactions.
Businesses should also look into developing mobile apps that leverage augmented reality (AR) to offer an immersive ticket purchasing experience. Furthermore, partnerships with event organizers and exclusive content offerings can create new revenue streams.
Overall, despite some challenges, the secondary tickets market is poised for growth due to technological advances and shifting consumer behaviors. Companies should capitalize on tech-driven enhancements, regulatory improvements, and strategic partnerships to capture market opportunities effectively.
Market Segmentation & Coverage
This research report categorizes the Secondary Tickets Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- Offline Platform
- Online Platform
- Pricing Model
- Auction-Based
- Dynamic Pricing
- Fixed Pricing
- Application
- Concerts
- Movies
- Performing Arts
- Sports Events
- Region
- Americas
- Asia-Pacific
- Europe, Middle East & Africa
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
Key Attributes
| Report Attribute | Details |
| No. of Pages | 181 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $44.98 Billion |
| Forecasted Market Value (USD) by 2030 | $74.21 Billion |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Global |
The leading players in the Secondary Tickets market, which are profiled in this report, include:
- Ace Ticket Worldwide, Inc.
- AXS Group LLC
- Citizen Ticket Ltd.
- Coast To Coast Tickets LLC
- CTS Eventim AG & Co. KGaA
- Eventbrite, Inc.
- Eventfrog AG
- FEVER LABS, INC.
- Gametime United, Inc.
- LIVE NATION WORLDWIDE, INC.
- Lyte, Inc.
- PIA Corporation
- RSVPify, LLC
- ScoreBig
- SeatGeek, Inc.
- SEE Group Limited
- Ticket Software LLC
- Ticket Transfer
- TicketIQ, LLC
- Ticketmaster
- TicketSmarter
- TicketSwap B.V.
- TickPick LLC
- Twickets Ltd.
- Viagogo AG
- Vivid Seats LLC
Secondary Tickets Market Dynamics
- Market Drivers
- Surge in the number of music events and concerts globally
- Increasing consumer spending on sports & games worldwide
- Market Restraints
- High cost and issues around counterfeit tickets and fraudulent sellers of secondary tickets
- Market Opportunities
- Enhanced security features in secondary ticket platforms
- Growing usage of online platforms and mobile apps for ticket resales
- Market Challenges
- Stringent government regulations in economies
For more information about this report visit https://www.researchandmarkets.com/r/d6vpnp
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