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The Global Online Movie Ticketing Service Market size is forecast to increase by USD 8.84 billion at a CAGR of 7.44% between 2023 and 2028. The market experiences robust growth driven by several key factors. These include the surging popularity of the global box office, propelled by blockbuster releases and increasing cinema attendance. Additionally, the widespread adoption of mobile applications for online movie ticketing services enhances convenience and accessibility for consumers. Moreover, the proliferation of mobile devices and expanding internet penetration further fuel the demand for online ticketing platforms, providing seamless booking experiences for moviegoers worldwide. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 to 2022.
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The market witnesses significant growth, influenced by various factors. These include the evolving landscape of the price of the tickets, the widespread availability of smartphones, and the ubiquitous access to the internet. With the emergence of user-friendly online ticket booking platforms, consumers can seamlessly navigate through movie selections, reserve seats, and make purchases from the comfort of their devices. Furthermore, digital ticketing solutions streamline the process, offering convenience and flexibility to users via internet portals, transforming the moviegoing experience worldwide.
In the market, technological advancements have led to the widespread adoption of various devices, including mobile phones, laptops, tablets, and PCs, for booking movie tickets online. This accessibility enhances user convenience and drives the growth of the market. Amidst rapid changes in the film industry and current trends favoring online ticketing, significant industry players are adopting expansion strategies to capitalize on the anticipated future changes. International producers and suppliers are also leveraging online platforms to reach broader audiences and maximize ticket sales. The current situation reflects a shift towards digital platforms for movie ticketing, with future prospects indicating rising investment requirements in developing technology to enhance user experiences further. As the industry evolves, the platform segment remains crucial in shaping the future landscape of the market.
The market share growth by the mobile devices segment will be significant during the forecast period. The use of mobile devices for online movie ticketing services has become increasingly popular in recent years. With the widespread adoption of smartphones and mobile Internet, more and more people are using their mobile devices to purchase movie tickets online.
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The mobile devices segment was valued at USD 12.06 billion in 2018 and continued to grow by 2022. One of the advantages of buying movie tickets online using a mobile device is its convenience. Customers can easily browse screenings and select seats on their mobile device without going to a physical box office or using their desktop computer. Mobile tickets also eliminate the need to print tickets, as customers simply view the e-ticket on their mobile device. Another benefit of mobile tickets is the ability to get real-time updates and notifications about upcoming movies and show times. Mobile apps can also provide personalized recommendations based on a user's viewing history and preferences. Such factors will increase segment growth during then forecast period.
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North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Factor such as the movie production companies are using advanced technologies and visual effects in their final products to increase their revenue. In the past, movies such as Avatar, Titanic, Star Wars, Iron Man, Avengers, and Jurassic Park have used visual effects and sound effects extensively and have invested significantly in movie sets. In the production of the movie Avatar, technologies such as computer-generated imagery (CGI), digital animations, and stereoscopic systems were used. The addition of special effects helps movie production companies increase the popularity of movies among consumers. With a rising number of filmmakers investing in high-budget movies, the innovation in content is also expected to increase during the forecast period.
The market is witnessing significant growth driven by the increasing popularity of digital ticketing solutions. With the widespread adoption of smartphones and Internet access, consumers are turning to online ticket-booking platforms for convenience. Moviegoers can easily browse movie schedules, watch trailers, and select seats before making a reservation or purchase. Technological advancements have led to the development of user-friendly mobile apps and internet portals, offering seamless ticketing experiences across various devices. As the film industry evolves, major players are expanding their presence, collaborating with international producers and suppliers to meet rising demand and capitalize on future prospects. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing popularity of the global box office is the key factor driving the growth of the global market. Filmmakers cater to international audiences and help the global box office market become more important than local or regional box office markets. For instance, Hollywood is the largest film industry in the world, generating more than 70% of its revenue from the international market. In addition, the global box office encourages the local box offices to produce movies that experiment with genres and themes, thereby attracting more investments.
For instance, in 2020, eight movies, such as Avengers: Endgame and Disney's The Lion King, Frozen 2, Captain Marvel, Toy Story 4 and Aladdin, and Warner Bros. Joker and Sony's Spider-Man: Far from Home, reached the billion-dollar mark. The increasing number of releases of concept movies is driving the number of cinema screens worldwide, which is fueling the growth of the global market during the forecast period.
Increasing focus on paperless transactions is the primary trend in the global market growth. Increased pollution is having a negative impact on the environment. Governments around the world are focusing on reducing deforestation and pollution. Government agencies around the world are pushing digital transactions to reduce paper consumption and save trees. Many telecommunications and banking organizations have launched online platforms for monetary transactions.
The increasing focus on paperless transactions has encouraged online movie ticket booking service providers to generate e-tickets that are sent via messages or e-mails. These e-tickets can be scanned at the venue. Viewers can book tickets at their convenience and store them on their personal devices. Digital bills contribute to the environment by eliminating the need for hard copies of the tickets. Thus, the increasing focus on paperless transactions is a major trend, which is expected to support the growth of the global market during the forecast period.
Rising film piracy is a major challenge to the growth of the global market. Movie piracy in the market for online cinema ticket services can have several negative consequences. First, pirated content is often freely available and can erode the profitability of the movie industry by diverting potential paying customers away from legitimate movie channels. This could ultimately lead to lower revenues for the film industry and less investment in future film productions. Moreover, film piracy can also negatively impact the quality of movies and TV shows available to viewers. This is because piracy can discourage studios and producers from investing in high-quality content, knowing that their work may be stolen and distributed without their consent.
In the long term, this can lead to a reduction in the diversity and creativity of the film industry. With the rising problem of film piracy in the market, several measures can be taken. These may include stronger enforcement of copyright laws, more effective digital rights management systems, and greater public awareness campaigns about the negative impacts of piracy, which are expected to hinder the growth of the global market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
360 Ticketing: The company offers online movie ticketing services and solutions such as 360 Ticketing Suite. Also, through this segment, the company offers services powered with commercially off the shelf COTS modules like QPOS, 360 fin desk and qscan.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market Companies, including:
Qualitative and quantitative analysis of Companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
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The market is witnessing rapid growth as consumer preference shifts towards online booking services over traditional methods. These platforms offer convenient, quick, and hassle-free alternatives for day-to-day purchases. With the advent of digital ticketing solutions on various e-commerce platforms, moviegoers are increasingly turning to digital platforms provided by tech giants like Google, Meta, and Amazon. Initiatives by companies focus on enhancing user experience across both PC and mobile segments through personalization and tailored communication based on location, interests, and usage patterns. The market landscape depends on the Dairy and dairy alternatives, Meat and seafood, Frozen foods, Staple food, Bakery products, Staple meals, Internet portal, Third-party website, Software program. Additionally, non-intrusive, instant notifications and user-friendly features contribute to the revenue share of computer system-based online bookings.
The market is witnessing significant growth with the rise of online ticket booking platforms offering convenient movie ticket selection, reservation, and access to schedules for movie shows. Users can explore trailers and check the price of tickets through various channels, including Internet portals and third-party websites, accessible on multiple devices such as mobile phones, laptops, tablets, and PCs. Technological advancements drive current trends and anticipate future changes in the industry, influencing expansion strategies of significant players and international producers. Suppliers play a crucial role in meeting rising investment requirements to support developing technology, ensuring a promising future for the online movie ticketing service sector.
The market is evolving rapidly, offering users convenient access to the schedule for movie shows and enabling them to check the price of tickets seamlessly. Through advanced Software programs, customers can book tickets with ease and efficiency. Anticipated future changes in the industry are driving innovation and shaping the strategies of significant industry players. Amid the current situation, online ticketing services have become essential, paving the way for promising future prospects. As the market continues to grow, both consumers and providers are adapting to technological advancements and embracing the convenience of online movie ticketing services.
Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.44% |
Market growth 2024-2028 |
USD 8.84 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.4 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 32% |
Key countries |
US, China, UK, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
360 Ticketing, Atom Tickets LLC, Big Tree Entertainment Pvt. Ltd., Moviefone Media LLC, Carnival Films Pvt. Ltd., Cinemark Holdings Inc., Cineplex Inc., Comcast Corp., Dalian Wanda Group, ELAN Group, Zoonga, JustTickets Pvt. Ltd., Maoyan Entertainment, One97 Communications Ltd., Ticket New, PVR Ltd., Tao Piao Piao, V Celluloids, VOX Cinemas, and VUE INTERNATIONAL |
Market dynamics |
Parent market analysis, market report, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Platform
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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