What is Secondary Tickets?
Secondary tickets are the resold tickets through online or offline platforms. The Rental Service/ Products have been popular option for the modern era as it’s undergone with new trends. Secondary Tickets market has high growth prospects due to demand for online ticketing due to growing internet usage. The proliferation of smartphones and tablets due to ease of accessing the website from anywhere and at any time across the globe, and increasing demand for long-term contracts with production houses, sports authorities, theatres, and local event planners.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Stubhub (United States), Ticketmaster (United States), Viagogo (Switzerland), Vivid Seats (United States), Ticket IQ (United States), Razor Gator (United States), Tick Pick (United States), Seat Geek (United States), Coast To Coast Tickets (United States) and Ticket City (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Offline Platform and Online Platform) , by application (Concert, Theatres, Football, Baseball, Cricket and Others) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Secondary Tickets market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Secondary Tickets market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Stubhub (United States), Ticketmaster (United States), Viagogo (Switzerland), Vivid Seats (United States), Ticket IQ (United States), Razor Gator (United States), Tick Pick (United States), Seat Geek (United States), Coast To Coast Tickets (United States) and Ticket City (United States).
Due to Various Large and Small Event Organisers Available, There as a High Competition. The Vendors Will Compete on the Basis of Price and Ease of Accessibility as they will have to Develop New Technology. Also, Staying Updated with the Event Organisers will Help them to Grow
Influencing Trend:
Adoption of Online and Offline Platforms in Order to Provide their Services to Customers on Every Platform and Market Players are Focusing on BOT Type of Software Application for Running Automated Tasks
Market Growth Drivers:
Growing Internet Usage is Increasing the Demand of Secondary Tickets and Ease of Accessing the Website and Buying is Driving the Market
Challenges:
Availability of Various Live Streaming Options and Rising Sale of Primary Tickets as the Number of Selling Platforms Increased
Restraints:
Fraud Associated with Brokers in Secondary Tickets Market is Affecting the Revenue Generation and Illegal Practices in the Secondary Ticketing Industry Has Enforced Closure of a Number Of Retailers
Opportunities:
Rising Disposable Income in Developing Countries is Creating an Opportunity and Interest towards Sports and its Promotion through Advertisements
Key highlights of the Global Secondary Tickets market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Secondary Tickets market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Secondary Tickets market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Secondary Tickets Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Secondary Tickets market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Secondary Tickets market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Online Platforms, Research Institutes, Suppliers and Distributers and Government Associations.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.