Industry Threats & Opportunities
- Growth in consumer spending power will strengthen online ticket sales
- The increasing social aspect of event attendance is likely to continue prevailing within the industry
- The price of event tickets is slated to increase and will benefit industry participants’ bottom lines... purchase to read more
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 Locations Chapter
The majority of the industry's establishments are located in the Southeast, the West and the Mid-Atlantic regions of the United States. The distribution of industry establishments partly trends based on historical locations for concert and event promotion companies as well as tech-based hubs in the United States.
The Southeast accounts for the greatest share of industry establishments, estimated at 24.2% of the total. Historically, the Southeast has been a major location for club and event promoters, with nearly a quarter of the company's establishments. The Southeast is a prominent area due to its high share of the population (25.4%). Furthermore, inexpensive rental costs in the region make it popular for online ticket event sellers.
The West region accounts for 20.2% o.. ... purchase to read more
Additional Insights for the
Online Event Ticket Sales
IBISWorld identifies 250 Key Success Factors for a business.The most important for the Online Event Ticket Sales Industry are Ability to quickly adopt new technology Effective cost controls Company's product is user/consumer friendly
IBISWorld analysts also discuss how external factors such as Per capita disposable income and Time spent on leisure and sports in the Online Event Ticket Sales industry impact industry performance... purchase to read more