Key vendors to develop new ideas and technologies to influence service lines
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global ticket market in their latest research report. This report also lists 23 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of tickets for the following entertainment events:
- Sporting events
- Concerts
- Theater
- Movies
This Technavio report, under the Internet and e-commerce vertical, is based on the synthesis, analysis, and interpretation of information about the global ticket market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
Click here to request a free sample of this report
Competitive vendor landscape
The global market for tickets is highly competitive in nature. The presence of many large and small, established vendors characterizes the market. The competitive scenario in the market is expected to become more aggressive during the forecast period. Vendors are expected to focus on delivering many ticketing options for customers to gain competitive advantages and market shares. Technological innovations and creativity are likely to be the key focus areas for vendors competing in the market. To strengthen their foothold in the competitive market, vendors are anticpated to develop new ideas and technologies and stay up-to-date with the emerging technologies, licensing procedures and policies that could influence service lines.
“Event organizers are currently focusing on the development of innovative ways to track customer behavior and purchase patterns to gain a better understanding of consumer behavior. They are increasingly leveraging mobile applications to understand the preferences of a buyer in terms of venue, event type, day, and time in an easy, efficient manner. Such insights about consumer behavior enables event organizers to post user-specific ads during live streaming of an event,” says Ujjwal Doshi, a lead analyst at Technavio for Internet and e-commerce.
Top five vendors in the ticket market space
Cinemark
Cinemark is a provider of motion picture exhibition services worldwide. Cinemark operates its theaters under brands such as Century Theaters, CineArts, Rave Cinemas, and Flagship Cinemark. The company generates its revenue through its admission, concession sales, and others streams. Cinemark plays mainstream films from various genres such as animated films, dramas, family films, comedies, horror, and action films. It offers content in both 2D and 3D formats, and in selected locations, it offers content in 4D format.
Key products: Online movie tickets.
RazorGator
RazorGator owns and operates a website that sells tickets for sports and entertainment events worldwide. It is an online marketplace that is involved in selling tickets for events such as sports, concerts, theater events, and live entertainment shows worldwide. The company has more than a million customers and sells almost 4 million tickets to 0.25 million events every year.
Key products: Sports tickets, Concert tickets, and Theater tickets.
StubHub
StubHub, owned by eBay, operates as a ticket marketplace that allows the buying and selling of tickets through the web and mobile applications. The company also offers services such as gift cards and advertising. It offers services like last-minute services (LMS) that are operated by Last Minute Transactions (affiliated to StubHub). The company enhances its catering to the media and entertainment industry with the help of the app Spotify on iOS.
Key products: Sports tickets, Concert tickets, Theater tickets, and Event tickets.
Ticketmaster Entertainment
Ticketmaster Entertainment is a provider of ticketing services for concerts, arts, theater, and sporting events. In 2010, Ticketmaster Entertainment and Live Nation merged to create Live Nation Entertainment. The company sold 455,000,000 tickets for 145,000 events in association with 12,000 clients in 20 countries. It operates as the subsidiary of Live Nation Entertainment. The company operates an online resale marketplace that enables buyers to choose and purchase event tickets from licensed brokers and individual sellers.
Key products: Sports tickets, Concert tickets, and Theater tickets.
TickPick
TickPick is an online ticket marketplace that allows people to buy, bid on, and sell tickets for concerts, games, and live events. It operates TickPick, a platform that connects buyers and sellers of tickets.
Key products: Sports tickets, Concert tickets, and Theater tickets.
Other prominent vendors in this market include Bigtree Entertainment, Cineplex, Ace Ticket Worldwide, Alliance Tickets, Brown Paper Tickets, Coast to Coast Tickets, Cvent, Eventbee, Eventbrite, Fandango Media, gotickets.com, MovieTickets.com, Reliance MediaWorks, ThunderTix, TicketCity, Ticketek, Tickets.com, TicketIQ, viagogo, Vivid Seats, VOX Cinemas, Xing Events, and Yapsody.
A more detailed analysis is available in the Technavio report, Global Ticket Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
To read more press releases- click here.
Browse related reports:
- Global Mobile Ticketing Market 2016-2020
- Global Secondary Tickets Market 2016-2020
- Global Event Tickets Market – Market Analysis 2015-2019
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
You might also be interested in:
