Global Ticket Market 2018-2022 | Growing Popularity of Digital Movie Screens to Boost Demand | Technavio

LONDON–(BUSINESS WIRE)–#ResearchTechnavio
analysts forecast the global ticket market to grow at a CAGR of over 7%
during the forecast period, according to their latest market research
report.


Increasing number of sports events is one of the major trends being
witnessed in the global
ticket market 2018-2022
. There is an increase in interest in
sports events such as the Olympic games, the FIFA World Cup, the Super
Bowl, and the ICC Cricket World Cup, which has resulted in an increase
in the sales of tickets. Sports events such as the UEFA Champions
League, the Rugby World Cup, Formula 1, and Wimbledon are followed by
millions of people. This has led to an increase in the number of sports
events across the world. For instance, the success of the IPL, a T20
cricket league that was launched in 2008, led to the launch of similar
leagues. Such developments are expected to drive the growth of the
global ticket market.

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According to Technavio analysts, one of the key factors contributing to
the growth of the global ticket market is the growing popularity of
digital movie screens:

Global ticket market: Growing popularity of
digital movie screens

The popularity of digital movie screens is growing, as these screens
provide viewers a high-quality audiovisual (AV) experience. They enrich
the experience of watching 3D movies and movies with graphic-rich
content. In 2017, the global penetration of digital movie screens was
nearly 100% of the global screen footprint. The rising popularity of 4K
cinema halls and the availability of 27,500 4K projectors across the
world will enhance the experience of watching movies. The rising
popularity of IMAX and 4DX formats will also enhance the experience of
the audience. For instance, IMAX Corporation installed 165 IMAX movie
screen system in 2017. Hence, the growing popularity of digital movie
screens will drive the growth of the global ticket market during the
forecast period.

According to a senior analyst at Technavio for research on media and
entertainment services, “International markets are a vital component
of the revenue generated by Hollywood movies. The growing popularity of
Hollywood movies across the globe will lead to the growth of the global
ticket market during the forecast period.”

Global ticket market: Segmentation analysis

The global ticket market research report provides market segmentation by
region (the Americas, EMEA, and APAC). It provides an in-depth analysis
of the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

The Americas held the largest share of the market in 2017, accounting
for close to 42% share, followed by EMEA and APAC respectively. However,
during the forecast period, the APAC region is expected to register the
highest incremental growth, followed by the EMEA region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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