The global online
movie ticketing services market size is expected to reach USD
40.66 billion by 2022, according to a new study by Grand View Research, Inc.
Increasing adoption of smartphones and PCs among
consumers is expected to drive the online ticketing services industry growth
over the forecast period. Additionally, growing penetration of internet and
broadband services along with enhanced product offerings through such services
has led to an increased popularity for online ticketing service industry.
To ensure an all-round experience for customers, service
providers emphasize on incorporating film reviews, trailers, and teasers along
with film tickets in their websites and mobile applications. In addition, these
websites and mobile applications provide users’ other content in the form of
galleries, original video series, exclusive celebrity interviews, and news.
Online movie ticketing companies get paid by the film
production companies and production houses in return for displaying promotional
activities. Moreover, they also invest in movies and production houses to
harness the potential high earning opportunities in the industry.
Browse full research report on Online Movie Ticketing Services Market: www.grandviewresearch.com/industry-analysis/online-movie-ticketing-services-market
Further
key findings from the study suggest:
- Internet ticketing is the process whereby customers book movie
tickets either via exhibitors’ websites or third-party websites. Mobile
ticketing is the process whereby customers order tickets using their
mobile handsets through exhibitor’s mobile applications or third-party
ticket provider’s mobile applications. Internet-based ticket booking
accounted for over 60% of the market share in 2014. However, with the
increasing use of smartphones and mobile applications, the industry is
expected to witness a major turnaround, with mobiles projected to capture
a considerable portion of internet’s revenue share.
- North America accounted for approximately 33% of the market share
in 2014 and is expected to maintain a steady growth throughout the
forecast period. Latin America is expected to grow at a CAGR of over 16%
over the forecast period on account of increasing buying power, especially
in the developing economies such as Brazil and Mexico. Governments and
technology giants across the world are striving hard to provide internet
to people as a basic necessity. Countries such as India, China, and Japan
from the Asia Pacific region are expected to push regional industry growth
owing to the increasing access to affordable internet on mobile and PC.
- Major industry participants are engaged in providing their
customers a wide range of product offerings through websites and mobile
applications. The service providers have established tie-ups with various
financial institutions such as banks and digital wallet providers drawing heavy
web traffic and an eventual increase in the financial transactions over
the website. The industry is largely competitive and companies have taken
up mergers and acquisitions as their key growth strategies to acquire a
major share in the industry.
- Key companies include Movietickets.com, Fandango, Vue
Entertainment, AOL MovieFone Inc., BIG Cinemas, BookMyShow, Cineplex
Entertainment, Ticket Please, and VOX Cinemas. Fandango represents a
considerable portion of the market space in the U.S. The company is rapidly
growing in the film business. The company announced its partnership with
Movieticketing.com, AOL MovieFone, MSN Entertainment, and Yahoo Movies to
sell tickets.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/communication-services
Grand
View Research has segmented the global online movie ticketing services market
on the basis of platform and region:
Online
Movie Ticketing Services Platform Outlook (Revenue, USD Billion, 2012 - 2022)
- Internet
- Mobile
Online
Movie Ticketing Services Regional Outlook (Revenue, USD Billion, 2012 - 2022)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
and Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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