Industry Analysis & Industry Trends
While spending on concerts and other events slowed during the recession, the growing popularity of the internet has boded well for the size and profitability of the industry. Many existing participants are expanding their product and service offerings and extending their reach, while new entrants are cater to niche audiences and clients. As the economy slowly rebounds and consumers start to loosen their purse strings over the next five years, the number of event tickets purchased online will rise as well.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Online Event Ticket Sales industry is entering the mature stage of its life cycle, highlighted by its slowing growth of industry value added (IVA). IVA is a measure of the industry's contribution to the US economy. Over the 10 years to 2020, IBISWorld expects industry IVA to grow at an average annual rate of 4.5%. While such growth outpaces anticipated GDP growth of 2.5% per year on average during the same period, IVA is projected to slow over the next five years.
The number of industry participants is forecast to rise at a 1.9% annualized pace over the five years to 2015 and is expected to slow further to 1.7% per year on average over the five years to 2020... purchase to read more