The Global Online Movie Ticketing Services Market Will Be Driven by Growing Demand for Online Movie Rentals During the Forecast Period 2021-2026
Expert Market Research’s new report titled “Global Online Movie Ticketing Services Market Report and Forecast 2021-2026′, gives an in-depth analysis of the global online cinema ticketing services market, assessing the market based on platform and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): USD 17.3 billion
- Forecast CAGR (2021-2026): 6.5%
- Forecasted market size (2026): 25.3 billion USD
Increased efforts by industry companies to improve the usability of their websites and mobile applications have had a beneficial impact on the growth of the market. To better serve their customers, service providers are updating their websites and smartphone apps to include new features such as the ability to choose your own seat and a view from your seat. Although PC-based online movie ticket sales currently account for the majority of revenue, mobile app bookings are expected to overtake PC-based online movie ticketing services in the coming years.
Industry definition and major segments
A wide range of growth prospects exist across the organic and inorganic spectrum for participants in the global Online Cinema Ticketing Services Market. New developments are dotting the landscape as companies take aggressive steps to stay ahead of the competition. Key alliances for greater resource capacity, market penetration and technical improvement are among them.
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Online cinema ticketing services are divided according to platform into:
Regional markets for the product include North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Globally, individuals are seeking entertainment and other leisure activities due to the increase in disposable income. It also prioritizes convenience. Due to this trend, many consumers are turning to online cinema ticketing systems. Improved technologies for developing and using the internet and applications are also driving the growth of the global online ticketing services market. As more and more people own smartphones and laptops, the need for online ticketing services grows.
North America holds the largest market share and is expected to retain it. In rich countries like the United States, this growth is marked by the evolution of various modes of ticketing. Latin America is expected to grow rapidly over the projection period as users migrate to digital ticketing. The established presence of renowned film industries in the region means that crowds flock to see their favorite superstars on the big screen.
Main market players
The major market players are AOL Inc., Bigtree Entertainment Pvt. Ltd., Cinemark Holdings Inc., Cineplex Inc., Inox Leisure Ltd., VOX Cinemas, Fandango and One97 Communications Ltd. The report covers market shares, capacities, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.