India Online Event Ticketing Market to be dominated by Mobile Phone Platform Type During the Forecast Period
Proliferation
of the Internet and the rising popularity of using mobile applications for
buying tickets online are the various factors which will drive the India Online
Event Ticketing market in the forecast years.
According to TechSci Research report, “India Online Event Ticketing Market
–By Region, Competition Forecast & Opportunities, 2019-2029F. the
India Online Event Ticketing Market is forecast to register an impressive CAGR
during the forecast period due to increasing number of entertainment events,
especially standup comedy, music concerts and many other fair and food
festivals, etc. Moreover growing trend of social media and digital marketing
and evolving e-commerce landscape are various factors which are driving the
demand for online event ticketing market in India.
The number of online event tickets sellers is steadily increasing. As more
theaters and exhibitors begin accepting m-tickets and e-tickets in an effort to
reduce paper waste, government initiatives are also expected to increase market
demand. To verify their validity, attendants scan the barcodes or QR codes on
these tickets. To keep customers around for a longer time, lots of service
providers provide loyalty programs to them via their mobile platforms. Online
ticketing platforms in India cater to a diverse range of events. This includes
music concerts, festivals, sports matches (cricket, football, etc.), theater
and drama performances, stand-up comedy shows, exhibitions, workshops,
conferences, and other cultural and entertainment events.
Mobile apps have played a significant role in the growth of the online event
ticketing market in India. Ticketing platforms have developed user-friendly
mobile apps, allowing users to discover events, book tickets, and receive
real-time updates on their smartphones. Mobile apps also facilitate cashless
transactions and provide a seamless user experience. Online ticketing platforms
in India employ various marketing and promotional strategies to attract users.
These include partnering with event organizers, offering early bird discounts,
cashback offers, referral programs, and leveraging social media platforms for
targeted advertising. The online event ticketing market in India also faces
challenges, including internet connectivity issues, digital divide, trust and
security concerns, competition, and regulatory compliance. Overcoming these
challenges requires continuous innovation, building customer trust, and
providing a seamless user experience.
Major cities in India, such as Mumbai, Delhi, Bangalore, Chennai, and Kolkata,
have a high concentration of entertainment venues and a large urban population.
These cities offer a wide range of events and attract both local and
international artists, leading to a significant demand for online event
ticketing services. Furthermore, India has a young population, with a large
percentage of millennials and Gen Z individuals. These younger demographics are
tech-savvy and prefer digital platforms for various activities, including
ticket bookings. Their preferences and demand for online event ticketing have
played a significant role in driving the growth of the online event ticketing
market in India during the forecast period.
The India Online Event Ticketing market is segmented on the basis of platform,
event type, region and competitive landscape.
The market is
segmented into sports, music shows, movies, comedy shows, others (exhibition,
food & drinks events, etc.on the basis of event type. Among which the
online event ticketing market is dominated by the music shows segment,
which includes successful sales for all music-related events such concerts,
festivals, musicals, and music shows. On the basis of region, the market is divided
into North, South, East, West.
Key market players in the India Online Event Ticketing market include:
- Bigtree Entertainment Pvt. Ltd.
(Bookmyshow)
- Dyulok Technologies Pvt Ltd.
(Townscript)
- Wasteland Entertainment Private
Limited (Paytm Insider)
- EventsNow Pvt. Ltd.
- Versant Online Solutions Pvt Ltd.
(MeraEvents)
- Ticketgenie India Private Limited
- KyaZoonga, Inc.
- Njuta Technologies Private Limited
(Events High)
- Signure Technologies Pvt. Ltd.
(Explara)
- GoDaddy, LLC. (Goeventz)
Customers
can also request for 10% free customization on this report.
“The online event ticketing market in India is a dynamic and rapidly evolving
industry, driven by technological advancements, changing consumer preferences,
and a vibrant entertainment and events landscape. The market is expected to
continue growing as more Indians embrace online ticketing and seek convenient
and hassle-free ways to attend their favorite events. In addition, the growing
trend of social media and digital marketing is also anticipated to boost the
growth of the online event ticketing market in India during the forecast
period.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Online Event Ticketing Market By Platform (Desktop, Mobile Phone), By
Event Type (Sports, Music Shows, Movies, Comedy Shows, Others (Exhibition, Food
& Drinks Events, etc.)), By Region, Competition Forecast &
Opportunities, 2019-2029F,” has
evaluated the future growth potential of online event ticketing market in India
and provides statistics and information on market structure, size, share and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decision. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in India online event
ticketing market.
Contact
Mr. Ken Mathews
708 Third
Avenue,
Manhattan, NY,
New York –
10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com