Industry Analysis & Industry Trends
The Online Event Ticket Sales industry has grown strongly amid a major shift from physical tickets and at-home printing to a fully digitized mobile ticketing experience. Over the past five years, personal disposable incomes have grown alongside the music industry's continued shift toward live performance. The ease of online commerce, particularly through mobile wallets, fingerprint scanning and digital ticketing, has significantly benefited both the size and profitability of the Online Event Ticket Sales industry. As the economy is anticipated to continue its expansion and consumer disposable incomes are expected to rise, online ticket sellers will remain the primary source of tickets for sporting events, concerts, festivals, public appearances and more.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Online Event Ticket Sales industry remains in the growth stage of its life cycle, highlighted by the consistent growth of industry value added (IVA). IVA is a measure of the industry's contribution to the US economy. Over the 10 years to 2021, IBISWorld expects ticket sellers' IVA to grow at an annualized rate of 4.1% over the 10 years to 2021. This growth has outpaced that of US GDP, which is anticipated to increase by a comparatively slim 2.1% over the 10-year period.
The number of industry participants is forecast to rise at a 0.5% annualized pace over the five years to 2016 and is expected to grow by an even faster 1.9% annualized rate over the five years to 2021... purchase to read more